Bank of New York Mellon Corp Buys 107,076 Shares of WisdomTree, Inc. $WT

Bank of New York Mellon Corp increased its stake in shares of WisdomTree, Inc. (NYSE:WT) by 8.1% in the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 1,425,822 shares of the company’s stock after buying an additional 107,076 shares during the quarter. Bank of New York Mellon Corp owned 0.97% of WisdomTree worth $16,411,000 at the end of the most recent reporting period.

Other institutional investors have also bought and sold shares of the company. Quarry LP raised its stake in WisdomTree by 112.4% during the first quarter. Quarry LP now owns 5,944 shares of the company’s stock worth $53,000 after acquiring an additional 3,145 shares in the last quarter. Russell Investments Group Ltd. grew its holdings in shares of WisdomTree by 758.2% in the 1st quarter. Russell Investments Group Ltd. now owns 6,986 shares of the company’s stock worth $62,000 after purchasing an additional 6,172 shares during the last quarter. Sowell Financial Services LLC bought a new stake in shares of WisdomTree in the 2nd quarter worth about $120,000. Ieq Capital LLC acquired a new stake in shares of WisdomTree during the 1st quarter worth about $94,000. Finally, Vanguard Personalized Indexing Management LLC bought a new position in WisdomTree during the 2nd quarter valued at about $128,000. Institutional investors and hedge funds own 78.64% of the company’s stock.

WisdomTree Trading Down 1.9%

Shares of WT opened at $11.02 on Tuesday. The stock’s fifty day simple moving average is $13.00 and its 200-day simple moving average is $12.12. The firm has a market capitalization of $1.55 billion, a PE ratio of 28.24 and a beta of 1.17. WisdomTree, Inc. has a 12-month low of $7.47 and a 12-month high of $14.95. 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 announced its quarterly earnings data on Friday, October 31st. The company reported $0.23 earnings per share for the quarter, topping the consensus estimate of $0.21 by $0.02. WisdomTree had a return on equity of 25.17% and a net margin of 16.25%.The firm had revenue of $125.62 million during the quarter, compared to analysts’ expectations of $122.00 million. During the same period in the previous year, the business posted $0.18 EPS. The company’s quarterly revenue was up 11.0% compared to the same quarter last year. As a group, research analysts predict that WisdomTree, Inc. will post 0.72 earnings per share for the current year.

WisdomTree Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, November 26th. Investors of record on Wednesday, November 12th will be issued a $0.03 dividend. This represents a $0.12 annualized dividend and a yield of 1.1%. The ex-dividend date is Wednesday, November 12th. WisdomTree’s dividend payout ratio is currently 18.46%.

Analyst Ratings Changes

Several brokerages have weighed in on WT. Craig Hallum reaffirmed a “buy” rating on shares of WisdomTree in a research note on Monday, August 4th. Morgan Stanley boosted their target price on WisdomTree from $12.50 to $13.50 and gave the stock an “equal weight” rating in a report on Monday, October 6th. Oppenheimer increased their price target on WisdomTree from $12.00 to $15.00 and gave the stock an “outperform” rating in a research report on Tuesday, July 22nd. Weiss Ratings upgraded WisdomTree from a “hold (c+)” rating to a “buy (b-)” rating in a research report on Wednesday, October 8th. Finally, Northland Securities set a $16.00 target price on WisdomTree in a report on Wednesday, September 3rd. Four 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 stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $14.08.

Insiders Place Their Bets

In other WisdomTree news, COO R Jarrett Lilien sold 25,000 shares of the firm’s stock in a transaction that occurred on Wednesday, November 12th. The shares were sold at an average price of $11.77, for a total value of $294,250.00. Following the transaction, the chief operating officer directly owned 1,011,138 shares of the company’s stock, valued at approximately $11,901,094.26. This trade represents a 2.41% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 9.30% of the stock is owned by corporate insiders.

WisdomTree Company Profile

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.