State of Wyoming Sells 20,668 Shares of WisdomTree, Inc. $WT

State of Wyoming decreased its position in shares of WisdomTree, Inc. (NYSE:WT) by 79.6% in the 1st quarter, according to its most recent 13F filing with the SEC. The firm owned 5,312 shares of the company’s stock after selling 20,668 shares during the quarter. State of Wyoming’s holdings in WisdomTree were worth $47,000 at the end of the most recent quarter.

A number of other institutional investors have also added to or reduced their stakes in WT. Nuveen LLC purchased a new stake in WisdomTree during the 1st quarter worth about $17,003,000. Millennium Management LLC increased its position in shares of WisdomTree by 532.6% during the fourth quarter. Millennium Management LLC now owns 2,031,534 shares of the company’s stock valued at $21,331,000 after buying an additional 1,710,409 shares during the period. Nuveen Asset Management LLC increased its position in shares of WisdomTree by 139.9% during the fourth quarter. Nuveen Asset Management LLC now owns 1,270,963 shares of the company’s stock valued at $13,345,000 after buying an additional 741,134 shares during the period. BNP Paribas Financial Markets increased its position in shares of WisdomTree by 358.8% during the fourth quarter. BNP Paribas Financial Markets now owns 714,010 shares of the company’s stock valued at $7,497,000 after buying an additional 558,392 shares during the period. Finally, Foundry Partners LLC increased its position in shares of WisdomTree by 993.4% during the first quarter. Foundry Partners LLC now owns 438,947 shares of the company’s stock valued at $3,915,000 after buying an additional 398,801 shares during the period. Hedge funds and other institutional investors own 78.64% of the company’s stock.

Wall Street Analyst Weigh In

WT has been the topic of several analyst reports. The Goldman Sachs Group upgraded WisdomTree from a “sell” rating to a “neutral” rating and upped their price target for the company from $9.50 to $11.90 in a research report on Friday, June 27th. Morgan Stanley upped their price target on WisdomTree from $11.50 to $12.50 and gave the company an “equal weight” rating in a research report on Monday, August 18th. Oppenheimer upped their price target on WisdomTree from $12.00 to $15.00 and gave the company an “outperform” rating in a research report on Tuesday, July 22nd. Craig Hallum reaffirmed a “buy” rating on shares of WisdomTree in a report on Monday, August 4th. Finally, Northland Securities set a $16.00 price target on WisdomTree in a research report on Wednesday, September 3rd. Four investment analysts have rated the stock with a Buy rating and three have issued a Hold rating to the company’s stock. According to data from MarketBeat, the company currently has an average rating of “Moderate Buy” and an average target price of $13.56.

WisdomTree Price Performance

Shares of WT stock opened at $13.64 on Wednesday. The stock has a market cap of $2.01 billion, a price-to-earnings ratio of 34.98 and a beta of 1.19. The business’s fifty day moving average is $13.15 and its 200 day moving average is $10.58. WisdomTree, Inc. has a twelve month low of $7.47 and a twelve month high of $14.07. The company has a quick ratio of 1.04, a current ratio of 1.44 and a debt-to-equity ratio of 0.82.

WisdomTree (NYSE:WT) last issued its quarterly earnings results on Thursday, July 31st. The company reported $0.18 earnings per share for the quarter, hitting the consensus estimate of $0.18. WisdomTree had a return on equity of 25.17% and a net margin of 16.25%.The company had revenue of $112.60 million for the quarter, compared to analysts’ expectations of $110.66 million. During the same period in the prior year, the firm earned $0.16 earnings per share. The firm’s revenue for the quarter was up 5.2% on a year-over-year basis. Research analysts expect that WisdomTree, Inc. will post 0.72 EPS for the current fiscal year.

WisdomTree Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Wednesday, August 27th. Stockholders of record on Wednesday, August 13th were paid a $0.03 dividend. This represents a $0.12 dividend on an annualized basis and a dividend yield of 0.9%. The ex-dividend date of this dividend was Wednesday, August 13th. WisdomTree’s dividend payout ratio is currently 30.77%.

Insider Activity at WisdomTree

In related news, COO R Jarrett Lilien sold 12,500 shares of the stock in a transaction on Tuesday, August 26th. The stock was sold at an average price of $13.21, for a total transaction of $165,125.00. Following the sale, the chief operating officer directly owned 1,036,138 shares of the company’s stock, valued at $13,687,382.98. This trade represents a 1.19% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. 9.30% of the stock is owned by company insiders.

About WisdomTree

WisdomTree, Inc, through its subsidiaries, operates as an exchange-traded funds (ETFs) sponsor and asset manager. It offers ETFs in equities, currency, fixed income, and alternatives asset classes. The company also licenses its indexes to third parties for proprietary products, as well as offers a platform to promote the use of WisdomTree ETFs in 401(k) plans.