Bank of New York Mellon Corp Purchases 127,563 Shares of WisdomTree, Inc. $WT

Bank of New York Mellon Corp increased its position in shares of WisdomTree, Inc. (NYSE:WT) by 14.9% during the first quarter, HoldingsChannel.com reports. The firm owned 985,511 shares of the company’s stock after buying an additional 127,563 shares during the period. Bank of New York Mellon Corp’s holdings in WisdomTree were worth $14,349,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other large investors have also modified their holdings of the company. Team Financial Group LLC bought a new position in WisdomTree in the first quarter worth $29,000. Caitong International Asset Management Co. Ltd raised its stake in shares of WisdomTree by 163.0% in the 4th quarter. Caitong International Asset Management Co. Ltd now owns 2,454 shares of the company’s stock valued at $30,000 after buying an additional 1,521 shares in the last quarter. Quarry LP raised its stake in shares of WisdomTree by 1,679.0% in the 3rd quarter. Quarry LP now owns 2,206 shares of the company’s stock valued at $31,000 after buying an additional 2,082 shares in the last quarter. Quattro Advisors LLC bought a new position in shares of WisdomTree during the 4th quarter worth about $31,000. Finally, Flagship Harbor Advisors LLC bought a new position in shares of WisdomTree during the 4th quarter worth about $36,000. 78.64% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

A number of research firms recently weighed in on WT. Raymond James Financial began coverage on shares of WisdomTree in a research note on Tuesday, April 21st. They issued an “outperform” rating and a $20.00 target price on the stock. Oppenheimer raised their price target on shares of WisdomTree from $20.00 to $21.00 and gave the stock an “outperform” rating in a research note on Wednesday, April 29th. Zacks Research downgraded WisdomTree from a “strong-buy” rating to a “hold” rating in a report on Monday. Wall Street Zen lowered WisdomTree from a “buy” rating to a “hold” rating in a research note on Saturday, June 20th. Finally, Weiss Ratings cut WisdomTree from a “buy (b)” rating to a “hold (c)” rating in a report on Friday, May 8th. Three investment analysts have rated the stock with a Buy rating and four have assigned a Hold rating to the stock. Based on data from MarketBeat.com, WisdomTree presently has an average rating of “Hold” and a consensus target price of $20.16.

WisdomTree Stock Performance

WT stock opened at $18.81 on Friday. The company has a 50 day moving average price of $18.65 and a 200 day moving average price of $17.15. WisdomTree, Inc. has a fifty-two week low of $10.69 and a fifty-two week high of $21.23. The company has a debt-to-equity ratio of 2.37, a current ratio of 4.57 and a quick ratio of 4.18. The stock has a market capitalization of $2.88 billion, a PE ratio of 45.87 and a beta of 1.18.

WisdomTree (NYSE:WT) last announced its quarterly earnings data on Friday, May 1st. The company reported $0.27 EPS for the quarter, beating analysts’ consensus estimates of $0.25 by $0.02. The firm had revenue of $159.50 million for the quarter, compared to analyst estimates of $156.96 million. WisdomTree had a return on equity of 33.31% and a net margin of 11.26%.The business’s quarterly revenue was up 47.5% compared to the same quarter last year. During the same period last year, the company earned $0.16 EPS. Analysts forecast that WisdomTree, Inc. will post 1.14 EPS for the current year.

Insiders Place Their Bets

In other news, COO R Jarrett Lilien sold 30,000 shares of the company’s stock in a transaction 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 transaction, the chief operating officer owned 1,110,245 shares of the company’s stock, valued at $21,083,552.55. This represents a 2.63% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, insider David M. Yates sold 15,000 shares of the firm’s stock in a transaction dated Tuesday, May 5th. The shares were sold at an average price of $18.06, for a total value of $270,900.00. Following the completion of the transaction, the insider owned 157,499 shares in the company, valued at approximately $2,844,431.94. This represents a 8.70% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders own 10.10% 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.