Creative Planning Boosts Holdings in WisdomTree, Inc. $WT

Creative Planning raised its position in WisdomTree, Inc. (NYSE:WT) by 4.7% in the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 118,563 shares of the company’s stock after purchasing an additional 5,309 shares during the period. Creative Planning owned 0.08% of WisdomTree worth $1,365,000 at the end of the most recent reporting period.

Other institutional investors have also recently made changes to their positions in the company. Quarry LP raised its position in shares of WisdomTree by 112.4% in the first quarter. Quarry LP now owns 5,944 shares of the company’s stock worth $53,000 after buying an additional 3,145 shares in the last quarter. Russell Investments Group Ltd. increased its stake in 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 acquiring an additional 6,172 shares during the last quarter. Ieq Capital LLC purchased a new stake in shares of WisdomTree in the 1st quarter valued at about $94,000. Sowell Financial Services LLC purchased a new stake in shares of WisdomTree in the 2nd quarter valued at about $120,000. Finally, Vanguard Personalized Indexing Management LLC bought a new stake in shares of WisdomTree during the 2nd quarter valued at about $128,000. Institutional investors own 78.64% of the company’s stock.

WisdomTree Stock Performance

NYSE WT opened at $10.99 on Friday. The company has a 50-day simple moving average of $12.44 and a two-hundred day simple moving average of $12.18. 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, Inc. has a 12-month low of $7.47 and a 12-month high of $14.95. The firm has a market cap of $1.55 billion, a price-to-earnings ratio of 28.18 and a beta of 1.17.

WisdomTree (NYSE:WT) last announced its quarterly earnings data on Friday, October 31st. The company reported $0.23 earnings per share for the quarter, beating 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 the consensus estimate of $122.00 million. During the same quarter in the previous year, the company posted $0.18 earnings per share. The business’s revenue was up 11.0% on a year-over-year basis. On average, equities analysts forecast that WisdomTree, Inc. will post 0.72 EPS for the current year.

WisdomTree Announces Dividend

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

Insider Buying and Selling

In other WisdomTree news, COO R Jarrett Lilien sold 25,000 shares of the company’s stock in a transaction that occurred on Wednesday, November 12th. The stock was sold at an average price of $11.77, for a total transaction of $294,250.00. Following the completion of the transaction, the chief operating officer owned 1,011,138 shares of the company’s stock, valued at $11,901,094.26. This represents a 2.41% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. 9.30% of the stock is owned by insiders.

Analyst Upgrades and Downgrades

Several research firms recently weighed in on WT. Morgan Stanley upped their price objective on shares of WisdomTree from $12.50 to $13.50 and gave the stock an “equal weight” rating in a research report on Monday, October 6th. Wall Street Zen raised shares of WisdomTree from a “hold” rating to a “buy” rating in a report on Saturday, November 8th. Craig Hallum reaffirmed a “buy” rating on shares of WisdomTree in a report on Monday, August 4th. The Goldman Sachs Group reduced their target price on WisdomTree from $14.75 to $13.25 and set a “neutral” rating on the stock in a research note on Tuesday. Finally, Weiss Ratings upgraded WisdomTree from a “hold (c+)” rating to a “buy (b-)” rating in a research report on Wednesday, October 8th. Four equities research analysts have rated the stock with a Buy rating and three have issued a Hold rating to the stock. According to data from MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus price target of $13.88.

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.