Envestnet Asset Management Inc. Purchases 62,803 Shares of WisdomTree, Inc. $WT

Envestnet Asset Management Inc. grew its position in WisdomTree, Inc. (NYSE:WT) by 6.9% in the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 968,225 shares of the company’s stock after purchasing an additional 62,803 shares during the quarter. Envestnet Asset Management Inc. owned approximately 0.66% of WisdomTree worth $13,458,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors and hedge funds have also recently modified their holdings of the company. Nordea Investment Management AB boosted its holdings in shares of WisdomTree by 27.4% in the 3rd quarter. Nordea Investment Management AB now owns 524,014 shares of the company’s stock valued at $7,284,000 after buying an additional 112,542 shares in the last quarter. Principal Financial Group Inc. lifted its position in WisdomTree by 48.6% during the third quarter. Principal Financial Group Inc. now owns 854,509 shares of the company’s stock valued at $11,878,000 after acquiring an additional 279,296 shares during the last quarter. VIRGINIA RETIREMENT SYSTEMS ET Al lifted its position in WisdomTree by 311.4% during the third quarter. VIRGINIA RETIREMENT SYSTEMS ET Al now owns 133,700 shares of the company’s stock valued at $1,858,000 after acquiring an additional 101,200 shares during the last quarter. Bank of New York Mellon Corp boosted its stake in WisdomTree by 8.1% in the second quarter. Bank of New York Mellon Corp now owns 1,425,822 shares of the company’s stock valued at $16,411,000 after acquiring an additional 107,076 shares in the last quarter. Finally, AlphaQuest LLC grew its holdings in WisdomTree by 372.8% in the third quarter. AlphaQuest LLC now owns 188,381 shares of the company’s stock worth $2,618,000 after purchasing an additional 148,535 shares during the last quarter. 78.64% of the stock is currently owned by institutional investors.

Insider Activity at WisdomTree

In other WisdomTree news, COO R Jarrett Lilien sold 12,500 shares of WisdomTree stock in a transaction on Tuesday, November 25th. The shares were sold at an average price of $11.01, for a total transaction of $137,625.00. Following the sale, the chief operating officer owned 998,638 shares of the company’s stock, valued at $10,995,004.38. The trade was a 1.24% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, insider David M. Yates sold 6,820 shares of the firm’s stock in a transaction dated Tuesday, December 2nd. The stock was sold at an average price of $11.12, for a total transaction of $75,838.40. Following the completion of the transaction, the insider directly owned 152,123 shares in the company, valued at approximately $1,691,607.76. This represents a 4.29% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. 9.30% of the stock is currently owned by insiders.

WisdomTree Stock Up 0.2%

Shares of WT opened at $16.37 on Tuesday. The firm has a market cap of $2.30 billion, a P/E ratio of 21.82 and a beta of 1.09. The stock’s 50 day moving average is $14.12 and its two-hundred day moving average is $13.25. The company has a current ratio of 1.75, a quick ratio of 1.37 and a debt-to-equity ratio of 1.94. WisdomTree, Inc. has a 12 month low of $7.47 and a 12 month high of $17.09.

WisdomTree (NYSE:WT) last posted its quarterly earnings data on Friday, January 30th. The company reported $0.29 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.23 by $0.06. WisdomTree had a net margin of 22.10% and a return on equity of 30.24%. The business had revenue of $147.40 million for the quarter, compared to the consensus estimate of $142.78 million. During the same period last year, the firm posted $0.17 earnings per share. The company’s revenue was up 33.2% compared to the same quarter last year. Analysts predict that WisdomTree, Inc. will post 0.72 earnings per share for the current fiscal year.

WisdomTree Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Wednesday, February 25th. Stockholders of record on Wednesday, February 11th will be paid a $0.03 dividend. The ex-dividend date of this dividend is Wednesday, February 11th. This represents a $0.12 dividend on an annualized basis and a dividend yield of 0.7%. WisdomTree’s payout ratio is currently 16.00%.

Wall Street Analysts Forecast Growth

Several brokerages have recently commented on WT. Morgan Stanley set a $16.75 price objective on WisdomTree in a report on Tuesday, February 10th. Oppenheimer raised their price target on WisdomTree from $17.00 to $21.00 and gave the stock an “outperform” rating in a report on Tuesday, February 3rd. Wall Street Zen upgraded WisdomTree from a “hold” rating to a “buy” rating in a research note on Saturday, November 8th. The Goldman Sachs Group increased their price objective on shares of WisdomTree from $14.00 to $15.50 and gave the company a “neutral” rating in a research report on Monday, February 2nd. Finally, Zacks Research downgraded shares of WisdomTree from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, January 27th. Four investment 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 presently has a consensus rating of “Moderate Buy” and a consensus target price of $17.65.

WisdomTree Profile

WisdomTree Investments, Inc (NYSE: WT) is a U.S.-based asset management firm specializing in exchange-traded funds (ETFs) and exchange-traded products (ETPs). Founded in 2006 by Jonathan Steinberg and headquartered in New York City, WisdomTree has developed a reputation for pioneering smart-beta and fundamentally weighted indexing approaches. The company designs strategies that seek to enhance returns and reduce volatility by weighting constituents based on dividends, earnings or other financial metrics rather than relying solely on market capitalization.

WisdomTree offers a broad suite of investment products covering equities, fixed income, currencies, commodities and digital assets.