WisdomTree, Inc. $WT Stock Purchased by VIRGINIA RETIREMENT SYSTEMS ET Al

VIRGINIA RETIREMENT SYSTEMS ET Al lifted its position in WisdomTree, Inc. (NYSE:WT) by 37.4% during the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 94,750 shares of the company’s stock after buying an additional 25,800 shares during the period. VIRGINIA RETIREMENT SYSTEMS ET Al’s holdings in WisdomTree were worth $2,301,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors and hedge funds have also recently modified their holdings of the company. BlackRock Inc. bought a new stake in shares of WisdomTree in the second quarter worth $326,513,000. Azora Capital LP purchased a new position in WisdomTree in the second quarter worth about $104,698,000. Bank of America Corp DE bought a new stake in shares of WisdomTree during the 2nd quarter valued at about $33,743,000. Jupiter Topco LLC bought a new stake in shares of WisdomTree during the 2nd quarter valued at about $24,616,000. Finally, Arrowstreet Capital Limited Partnership increased its position in shares of WisdomTree by 41.1% during the 1st quarter. Arrowstreet Capital Limited Partnership now owns 4,134,430 shares of the company’s stock valued at $60,197,000 after purchasing an additional 1,205,097 shares during the last quarter. 78.64% of the stock is currently owned by hedge funds and other institutional investors.

WisdomTree Stock Performance

Shares of WT opened at $19.75 on Wednesday. The company has a quick ratio of 3.20, a current ratio of 3.54 and a debt-to-equity ratio of 2.38. The business has a 50-day simple moving average of $22.97 and a two-hundred day simple moving average of $19.10. The stock has a market cap of $2.99 billion, a price-to-earnings ratio of 27.82 and a beta of 1.18. WisdomTree, Inc. has a 52 week low of $10.69 and a 52 week high of $25.91.

WisdomTree (NYSE:WT) last posted its quarterly earnings data on Friday, October 30th. The company reported $0.32 earnings per share for the quarter, beating analysts’ consensus estimates of $0.30 by $0.02. WisdomTree had a return on equity of 40.93% and a net margin of 16.64%. The firm had revenue of $179.38 million for the quarter, compared to analysts’ expectations of $180.68 million. During the same period in the previous year, the firm earned $0.23 EPS. The business’s quarterly revenue was up 42.8% on a year-over-year basis. On average, analysts expect that WisdomTree, Inc. will post 1.19 EPS for the current year.

WisdomTree Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Wednesday, November 25th. Investors of record on Wednesday, November 11th will be issued a $0.03 dividend. This represents a $0.12 annualized dividend and a yield of 0.6%. The ex-dividend date of this dividend is Tuesday, November 10th. WisdomTree’s dividend payout ratio is currently 16.90%.

Wall Street Analyst Weigh In

WT has been the topic of several recent research reports. Morgan Stanley lowered their price objective on shares of WisdomTree from $27.00 to $25.00 and set an “equal weight” rating on the stock in a research note on Wednesday, October 28th. The Goldman Sachs Group upped their target price on shares of WisdomTree from $18.30 to $21.30 and gave the company a “neutral” rating in a report on Friday, October 2nd. Oppenheimer increased their price target on shares of WisdomTree from $22.00 to $27.00 and gave the stock an “outperform” rating in a research report on Wednesday, August 26th. Zacks Research cut shares of WisdomTree from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, October 27th. Finally, Raymond James Financial reiterated an “outperform” rating and set a $26.00 price target on shares of WisdomTree in a research note on Thursday, August 27th. Five investment analysts have rated the stock with a Buy rating and three have issued a Hold rating to the stock. Based on data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus price target of $25.72.

Insider Buying and Selling

In other WisdomTree news, COO R. Jarrett Lilien sold 30,000 shares of the firm’s stock in a transaction that occurred on Wednesday, September 9th. The shares were sold at an average price of $24.56, for a total transaction of $736,800.00. Following the sale, the chief operating officer owned 1,080,245 shares in the company, valued at approximately $26,530,817.20. This trade represents a 2.70% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Insiders own 10.10% of the company’s stock.

About WisdomTree

WisdomTree, Inc is a financial services company that sponsors and manages exchange-traded funds (ETFs) and exchange-traded products. Its offerings provide access to equities, fixed income, currencies, commodities, alternatives and other asset classes through rules-based investment strategies designed for individual and institutional investors.

The company also provides model portfolios, separately managed accounts and other investment solutions for financial professionals. In addition, WisdomTree has developed products and capabilities related to digital assets and blockchain-enabled financial services, subject to applicable regulatory requirements.

Founded in 1985 and formerly known as WisdomTree Investments, the company launched its first ETFs in 2006 and became known for dividend-focused and fundamentally weighted strategies.