Key Points
- COO R. Jarrett Lilien sold 30,000 shares on Feb. 25 at an average price of $16.84 for $505,200, reducing his ownership by 2.56% to 1,140,245 shares (SEC filing).
- Quarterly results beat estimates: WisdomTree reported $0.29 EPS vs. $0.23 expected and revenue of $147.4M (up 33.2% y/y), and paid a $0.03 quarterly dividend (annualized $0.12, ~0.7% yield).
- Analyst sentiment is broadly positive: the stock carries a "Moderate Buy" average rating with a $17.65 average price target, while WT trades near its one-year high with a market cap around $2.44B and a P/E of ~23.2.
WisdomTree, Inc. (NYSE:WT - Get Free Report) COO R Jarrett Lilien sold 30,000 shares of the firm's stock in a transaction 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 transaction, the chief operating officer owned 1,140,245 shares in the company, valued at $19,201,725.80. This represents a 2.56% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink.
WisdomTree Stock Up 0.3%
Shares of WT stock opened at $17.37 on Friday. The firm's fifty day moving average price is $14.93 and its two-hundred day moving average price is $13.46. WisdomTree, Inc. has a 1 year low of $7.47 and a 1 year high of $17.48. The company has a current ratio of 1.75, a quick ratio of 1.37 and a debt-to-equity ratio of 1.94. The firm has a market capitalization of $2.44 billion, a P/E ratio of 23.16 and a beta of 1.09.
WisdomTree (NYSE:WT - Get Free Report) last announced its quarterly earnings data on Friday, January 30th. The company reported $0.29 earnings per share for the quarter, beating the consensus estimate of $0.23 by $0.06. The company had revenue of $147.43 million during the quarter, compared to analysts' expectations of $142.78 million. WisdomTree had a return on equity of 30.24% and a net margin of 22.10%.WisdomTree's revenue for the quarter was up 33.2% compared to the same quarter last year. During the same quarter last year, the company earned $0.17 EPS. On average, equities analysts predict that WisdomTree, Inc. will post 0.72 EPS for the current fiscal year.
WisdomTree Dividend Announcement
The business also recently declared a quarterly dividend, which was paid on Wednesday, February 25th. Investors of record on Wednesday, February 11th were paid a $0.03 dividend. The ex-dividend date was Wednesday, February 11th. This represents a $0.12 dividend on an annualized basis and a yield of 0.7%. WisdomTree's dividend payout ratio is 16.00%.
Institutional Investors Weigh In On WisdomTree
Several hedge funds have recently added to or reduced their stakes in WT. Caitong International Asset Management Co. Ltd raised its stake in shares of WisdomTree by 163.0% during the fourth quarter. Caitong International Asset Management Co. Ltd now owns 2,454 shares of the company's stock valued at $30,000 after acquiring an additional 1,521 shares during the last quarter. Quarry LP raised its position in shares of WisdomTree by 1,679.0% during the third quarter. Quarry LP now owns 2,206 shares of the company's stock worth $31,000 after acquiring an additional 2,082 shares during the last quarter. Quattro Advisors LLC acquired a new stake in WisdomTree during the 4th quarter valued at approximately $31,000. First Horizon Corp bought a new stake in shares of WisdomTree in the 3rd quarter valued at $32,000. Finally, Flagship Harbor Advisors LLC bought a new stake in WisdomTree during the fourth quarter valued at $36,000. 78.64% of the stock is currently owned by institutional investors and hedge funds.
Wall Street Analyst Weigh In
A number of equities research analysts have recently issued reports on the stock. Oppenheimer boosted their target price on shares of WisdomTree from $17.00 to $21.00 and gave the company an "outperform" rating in a research report on Tuesday, February 3rd. The Goldman Sachs Group increased their target price on WisdomTree from $14.00 to $15.50 and gave the stock a "neutral" rating in a report on Monday, February 2nd. Wall Street Zen raised shares of WisdomTree from a "hold" rating to a "buy" rating in a research report on Saturday, November 8th. Morgan Stanley set a $16.75 price objective on shares of WisdomTree in a research note on Tuesday, February 10th. Finally, Weiss Ratings restated a "buy (b-)" rating on shares of WisdomTree in a research report on Wednesday, January 21st. One analyst has rated the stock with a Strong Buy rating, four have issued a Buy rating and two have given a Hold rating to the company's stock. According to MarketBeat, the stock has an average rating of "Moderate Buy" and an average price target of $17.65.
Get Our Latest Analysis on WisdomTree
WisdomTree Company Profile
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Get Free Report)
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.
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