SG Americas Securities LLC Grows Position in WisdomTree, Inc. $WT

SG Americas Securities LLC lifted its position in shares of WisdomTree, Inc. (NYSE:WT) by 226.0% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 165,862 shares of the company’s stock after purchasing an additional 114,980 shares during the quarter. SG Americas Securities LLC owned 0.12% of WisdomTree worth $2,022,000 as of its most recent SEC filing.

Several other large investors have also recently made changes to their positions in WT. Wealth Enhancement Advisory Services LLC grew its position in WisdomTree by 67.4% during the fourth quarter. Wealth Enhancement Advisory Services LLC now owns 14,586 shares of the company’s stock valued at $178,000 after buying an additional 5,872 shares during the period. Cooper Financial Group raised its position in shares of WisdomTree by 6.6% in the fourth quarter. Cooper Financial Group now owns 12,849 shares of the company’s stock worth $157,000 after acquiring an additional 799 shares during the period. Park Avenue Securities LLC boosted its stake in shares of WisdomTree by 5.4% during the 4th quarter. Park Avenue Securities LLC now owns 51,760 shares of the company’s stock worth $631,000 after acquiring an additional 2,648 shares in the last quarter. Tudor Investment Corp ET AL boosted its stake in shares of WisdomTree by 18.7% during the 3rd quarter. Tudor Investment Corp ET AL now owns 591,244 shares of the company’s stock worth $8,218,000 after acquiring an additional 93,094 shares in the last quarter. Finally, CIBC Bancorp USA Inc. acquired a new stake in shares of WisdomTree during the 3rd quarter valued at about $178,000. 78.64% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity

In related news, COO R Jarrett Lilien sold 30,000 shares of the stock in a transaction that occurred on Wednesday, February 25th. The stock was sold at an average price of $16.84, for a total value of $505,200.00. Following the completion of the sale, the chief operating officer owned 1,140,245 shares of the company’s stock, valued at approximately $19,201,725.80. This trade represents a 2.56% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. 9.30% of the stock is owned by company insiders.

Wall Street Analyst Weigh In

Several equities analysts recently weighed in on the company. Weiss Ratings restated a “buy (b-)” rating on shares of WisdomTree in a research note on Wednesday, January 21st. Zacks Research lowered WisdomTree from a “strong-buy” rating to a “hold” rating in a report on Tuesday, March 31st. The Goldman Sachs Group boosted their price objective on WisdomTree from $14.00 to $15.50 and gave the company a “neutral” rating in a research report on Monday, February 2nd. Northland Securities set a $20.00 target price on WisdomTree in a research note on Monday, February 2nd. Finally, Morgan Stanley dropped their price target on shares of WisdomTree from $16.75 to $16.50 and set an “equal weight” rating on the stock in a research note on Wednesday, April 1st. Four equities research analysts have rated the stock with a Buy rating and three have given a Hold rating to the company’s stock. According to data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average target price of $17.40.

WisdomTree Price Performance

Shares of NYSE WT opened at $14.47 on Monday. The firm has a 50-day simple moving average of $15.81 and a 200-day simple moving average of $13.77. The company has a quick ratio of 1.37, a current ratio of 1.75 and a debt-to-equity ratio of 1.94. The stock has a market capitalization of $2.05 billion, a price-to-earnings ratio of 19.29 and a beta of 1.11. WisdomTree, Inc. has a 52 week low of $7.47 and a 52 week high of $17.68.

WisdomTree (NYSE:WT) last posted its quarterly earnings results on Friday, January 30th. The company reported $0.29 earnings per share for the quarter, topping analysts’ consensus estimates of $0.23 by $0.06. WisdomTree had a net margin of 22.10% and a return on equity of 30.24%. The firm had revenue of $147.43 million for the quarter, compared to analyst estimates of $142.78 million. During the same period in the previous year, the business posted $0.17 earnings per share. WisdomTree’s quarterly revenue was up 33.2% on a year-over-year basis. On average, equities analysts predict that WisdomTree, Inc. will post 0.72 earnings per share for the current fiscal year.

WisdomTree Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Wednesday, February 25th. Stockholders of record on Wednesday, February 11th were issued a dividend of $0.03 per share. This represents a $0.12 annualized dividend and a dividend yield of 0.8%. The ex-dividend date was Wednesday, February 11th. WisdomTree’s payout ratio is currently 16.00%.

WisdomTree Company 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.