WisdomTree, Inc. $WT Shares Sold by Oppenheimer & Co. Inc.

Oppenheimer & Co. Inc. lessened its holdings in shares of WisdomTree, Inc. (NYSE:WT) by 65.1% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 25,380 shares of the company’s stock after selling 47,385 shares during the period. Oppenheimer & Co. Inc.’s holdings in WisdomTree were worth $616,000 at the end of the most recent quarter.

Several other institutional investors have also modified their holdings of WT. Nykredit A S acquired a new position in shares of WisdomTree in the 2nd quarter valued at approximately $27,000. Team Financial Group LLC acquired a new stake in WisdomTree during the 1st quarter worth approximately $29,000. Transamerica Financial Advisors LLC bought a new position in WisdomTree in the second quarter valued at approximately $36,000. Persistent Asset Partners Ltd bought a new position in WisdomTree in the second quarter valued at approximately $75,000. Finally, Clearstead Trust LLC bought a new position in WisdomTree in the second quarter valued at approximately $92,000. Institutional investors own 78.64% of the company’s stock.

WisdomTree Trading Up 1.4%

NYSE WT opened at $20.02 on Thursday. WisdomTree, Inc. has a 52 week low of $10.69 and a 52 week high of $25.91. The company has a debt-to-equity ratio of 2.38, a quick ratio of 3.20 and a current ratio of 3.54. The stock’s 50 day moving average price is $22.88 and its two-hundred day moving average price is $19.13. The stock has a market capitalization of $3.03 billion, a price-to-earnings ratio of 28.19 and a beta of 1.18.

WisdomTree (NYSE:WT) last released its earnings results on Friday, October 30th. The company reported $0.32 earnings per share for the quarter, beating analysts’ consensus estimates of $0.30 by $0.02. WisdomTree had a net margin of 16.64% and a return on equity of 40.93%. The business had revenue of $179.38 million during the quarter, compared to the consensus estimate of $180.68 million. During the same quarter last year, the firm earned $0.23 earnings per share. The firm’s revenue for the quarter was up 42.8% compared to the same quarter last year. As a group, analysts anticipate that WisdomTree, Inc. will post 1.19 earnings per share for the current fiscal year.

WisdomTree Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, November 25th. Stockholders of record on Wednesday, November 11th will be paid a dividend of $0.03 per share. This represents a $0.12 dividend on an annualized basis and a dividend yield of 0.6%. The ex-dividend date is Tuesday, November 10th. WisdomTree’s dividend payout ratio is currently 16.90%.

Wall Street Analysts Forecast Growth

Several research analysts have recently weighed in on the stock. Northland Securities upped their price target on shares of WisdomTree from $22.00 to $26.00 and gave the company an “outperform” rating in a report on Wednesday, August 19th. Oppenheimer raised their price objective on shares of WisdomTree from $22.00 to $27.00 and gave the stock an “outperform” rating in a report on Wednesday, August 26th. Weiss Ratings cut shares of WisdomTree from a “buy (b)” rating to a “buy (b-)” rating in a research report on Monday. The Goldman Sachs Group upped their target price on shares of WisdomTree from $18.30 to $21.30 and gave the stock a “neutral” rating in a research note on Friday, October 2nd. Finally, Raymond James Financial reaffirmed an “outperform” rating and issued a $26.00 target price on shares of WisdomTree in a research note on Thursday, August 27th. Five equities research analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the company. According to data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average target price of $25.72.

Insider Activity at WisdomTree

In other news, COO R. Jarrett Lilien sold 30,000 shares of the stock in a transaction dated Wednesday, September 9th. The shares were sold at an average price of $24.56, for a total transaction of $736,800.00. Following the completion of the transaction, the chief operating officer directly owned 1,080,245 shares in the company, valued at $26,530,817.20. This represents a 2.70% decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. 10.10% of the stock is currently owned by corporate insiders.

WisdomTree Profile

WisdomTree, Inc is a financial services company that sponsors and manages exchange-traded funds (ETFs) and exchange-traded products. Its offerings provide access to equities, fixed income, currencies, commodities, alternatives and other asset classes through rules-based investment strategies designed for individual and institutional investors.

The company also provides model portfolios, separately managed accounts and other investment solutions for financial professionals. In addition, WisdomTree has developed products and capabilities related to digital assets and blockchain-enabled financial services, subject to applicable regulatory requirements.

Founded in 1985 and formerly known as WisdomTree Investments, the company launched its first ETFs in 2006 and became known for dividend-focused and fundamentally weighted strategies.