R Jarrett Lilien Sells 30,000 Shares of WisdomTree (NYSE:WT) Stock

WisdomTree, Inc. (NYSE:WT) COO R Jarrett Lilien sold 30,000 shares of WisdomTree stock in a transaction that occurred on Wednesday, May 20th. The stock was sold at an average price of $18.99, for a total transaction of $569,700.00. Following the sale, the chief operating officer owned 1,110,245 shares of the company’s stock, valued at approximately $21,083,552.55. This represents a 2.63% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink.

R Jarrett Lilien also recently made the following trade(s):

• On Wednesday, February 25th, R Jarrett Lilien sold 30,000 shares of WisdomTree stock. The stock was sold at an average price of $16.84, for a total transaction of $505,200.00.

WisdomTree Trading Down 0.3%

Shares of NYSE:WT traded down $0.06 during trading on Thursday, hitting $19.16. 1,795,285 shares of the company’s stock were exchanged, compared to its average volume of 3,681,394. WisdomTree, Inc. has a 1-year low of $9.24 and a 1-year high of $19.85. The firm has a 50-day moving average price of $16.41 and a two-hundred day moving average price of $14.69. The company has a current ratio of 4.57, a quick ratio of 4.18 and a debt-to-equity ratio of 2.37. The firm has a market cap of $2.93 billion, a P/E ratio of 46.74 and a beta of 1.13.

WisdomTree (NYSE:WT) last issued its quarterly earnings results on Friday, May 1st. The company reported $0.27 EPS for the quarter, topping the consensus estimate of $0.25 by $0.02. WisdomTree had a net margin of 11.26% and a return on equity of 33.31%. The company had revenue of $159.50 million during the quarter, compared to analysts’ expectations of $156.96 million. During the same quarter in the previous year, the company earned $0.16 EPS. WisdomTree’s revenue was up 47.5% on a year-over-year basis. Equities analysts predict that WisdomTree, Inc. will post 1.13 earnings per share for the current year.

WisdomTree Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, May 27th. Stockholders of record on Wednesday, May 13th will be given a dividend of $0.03 per share. The ex-dividend date is Wednesday, May 13th. This represents a $0.12 annualized dividend and a dividend yield of 0.6%. WisdomTree’s payout ratio is currently 29.27%.

Wall Street Analyst Weigh In

WT has been the subject of several analyst reports. The Goldman Sachs Group reiterated a “neutral” rating and set a $16.80 price target on shares of WisdomTree in a research report on Tuesday, May 5th. Morgan Stanley set a $18.00 price target on shares of WisdomTree in a research report on Thursday, April 30th. Weiss Ratings cut shares of WisdomTree from a “buy (b)” rating to a “hold (c)” rating in a report on Friday, May 8th. Raymond James Financial initiated coverage on shares of WisdomTree in a report on Tuesday, April 21st. They set an “outperform” rating and a $20.00 price objective for the company. Finally, Oppenheimer boosted their price objective on shares of WisdomTree from $20.00 to $21.00 and gave the company an “outperform” rating in a report on Wednesday, April 29th. Four research analysts have rated the stock with a Buy rating and four have issued a Hold rating to the company. Based on data from MarketBeat, WisdomTree presently has a consensus rating of “Moderate Buy” and a consensus price target of $18.47.

Institutional Inflows and Outflows

A number of institutional investors have recently bought and sold shares of WT. Team Financial Group LLC bought a new position in WisdomTree in the first quarter valued at approximately $29,000. Caitong International Asset Management Co. Ltd lifted its position in shares of WisdomTree by 163.0% in the fourth quarter. Caitong International Asset Management Co. Ltd now owns 2,454 shares of the company’s stock worth $30,000 after purchasing an additional 1,521 shares in the last quarter. Quarry LP lifted its position in shares of WisdomTree by 1,679.0% in the third quarter. Quarry LP now owns 2,206 shares of the company’s stock worth $31,000 after purchasing an additional 2,082 shares in the last quarter. Quattro Advisors LLC bought a new stake in shares of WisdomTree in the fourth quarter worth $31,000. Finally, Flagship Harbor Advisors LLC bought a new stake in shares of WisdomTree in the fourth quarter worth $36,000. Institutional investors own 78.64% of the company’s stock.

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.