WisdomTree, Inc. $WT Shares Sold by Oppenheimer & Co. Inc.

Oppenheimer & Co. Inc. lessened its stake in WisdomTree, Inc. (NYSE:WT) by 65.1% in the 3rd quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 25,380 shares of the company’s stock after selling 47,385 shares during the period. Oppenheimer & Co. Inc.’s holdings in WisdomTree were worth $616,000 at the end of the most recent reporting period.

A number of other institutional investors have also added to or reduced their stakes in the company. GAMMA Investing LLC increased its stake in WisdomTree by 13.6% during the third quarter. GAMMA Investing LLC now owns 5,819 shares of the company’s stock valued at $141,000 after acquiring an additional 697 shares during the period. Clearstead Trust LLC bought a new stake in shares of WisdomTree in the 2nd quarter worth approximately $92,000. Pictet Asset Management Holding SA lifted its position in shares of WisdomTree by 5.3% in the 1st quarter. Pictet Asset Management Holding SA now owns 21,947 shares of the company’s stock worth $320,000 after acquiring an additional 1,108 shares during the period. World Investment Advisors grew its holdings in shares of WisdomTree by 13.9% during the 1st quarter. World Investment Advisors now owns 11,931 shares of the company’s stock worth $174,000 after purchasing an additional 1,457 shares in the last quarter. Finally, Nykredit A S acquired a new stake in shares of WisdomTree during the 2nd quarter worth approximately $27,000. 78.64% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

A number of analysts have recently issued reports on WT shares. Zacks Research cut WisdomTree from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, October 27th. Weiss Ratings cut WisdomTree from a “buy (b)” rating to a “buy (b-)” rating in a research report on Monday. Oppenheimer lifted their price target on shares of WisdomTree from $22.00 to $27.00 and gave the stock an “outperform” rating in a research note on Wednesday, August 26th. Northland Securities boosted their price target on shares of WisdomTree from $22.00 to $26.00 and gave the company an “outperform” rating in a report on Wednesday, August 19th. Finally, Wall Street Zen cut shares of WisdomTree from a “buy” rating to a “hold” rating in a research note on Saturday, October 24th. Five equities research analysts have rated the stock with a Buy rating and three have issued a Hold rating to the company’s stock. Based on data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average price target of $25.72.

Insider Buying and Selling at WisdomTree

In other news, COO R. Jarrett Lilien sold 30,000 shares of WisdomTree stock in a transaction 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 transaction, the chief operating officer directly owned 1,080,245 shares of the company’s stock, valued at $26,530,817.20. This trade represents a 2.70% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. 10.10% of the stock is currently owned by corporate insiders.

WisdomTree Trading Up 1.4%

Shares of WisdomTree stock opened at $20.02 on Thursday. The stock has a market capitalization of $3.03 billion, a P/E ratio of 28.19 and a beta of 1.18. 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 company has a 50-day simple moving average of $22.88 and a 200 day simple moving average of $19.13. WisdomTree, Inc. has a 12-month low of $10.69 and a 12-month high of $25.91.

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

WisdomTree Dividend Announcement

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

WisdomTree Company Profile

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.