Key Points
- WisdomTree COO R. Jarrett Lilien sold 30,000 shares on May 20 at an average price of $18.99, for a total of $569,700. After the sale, he still held about 1.11 million shares valued at roughly $21.1 million.
- The company recently beat earnings expectations for the quarter ended May 1, reporting $0.27 EPS versus $0.25 expected and revenue of $159.5 million, up 47.5% year over year.
- WisdomTree also declared a quarterly dividend of $0.03 per share, which annualizes to $0.12 and yields about 0.6% based on the article’s figures.
WisdomTree, Inc. (NYSE:WT - Get Free Report) COO R Jarrett Lilien sold 30,000 shares of the firm's 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 directly owned 1,110,245 shares of the company's stock, valued at approximately $21,083,552.55. The trade was a 2.63% decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at 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 Stock Performance
NYSE WT opened at $19.16 on Friday. WisdomTree, Inc. has a 1-year low of $9.24 and a 1-year high of $19.85. The firm has a market cap of $2.93 billion, a price-to-earnings ratio of 46.74 and a beta of 1.13. 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 company has a 50 day moving average of $16.47 and a 200-day moving average of $14.74.
WisdomTree (NYSE:WT - Get Free Report) last announced its earnings results on Friday, May 1st. The company reported $0.27 earnings per share for the quarter, beating analysts' consensus estimates of $0.25 by $0.02. WisdomTree had a return on equity of 33.31% and a net margin of 11.26%.The company had revenue of $159.50 million during the quarter, compared to analyst estimates of $156.96 million. During the same period last year, the company posted $0.16 earnings per share. The firm's quarterly revenue was up 47.5% compared to the same quarter last year. On average, equities analysts forecast that WisdomTree, Inc. will post 1.13 earnings per share for the current fiscal year.
WisdomTree Announces Dividend
The firm also recently announced a quarterly dividend, which will be paid on Wednesday, May 27th. Stockholders of record on Wednesday, May 13th will be paid a $0.03 dividend. The ex-dividend date is Wednesday, May 13th. This represents a $0.12 dividend on an annualized basis and a dividend yield of 0.6%. WisdomTree's dividend payout ratio (DPR) is 29.27%.
Institutional Trading of WisdomTree
A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Bank of America Corp DE increased its position in WisdomTree by 556.4% in the first quarter. Bank of America Corp DE now owns 2,327,389 shares of the company's stock worth $33,887,000 after purchasing an additional 1,972,847 shares during the period. Amundi increased its position in WisdomTree by 9.0% in the first quarter. Amundi now owns 20,300 shares of the company's stock worth $296,000 after purchasing an additional 1,680 shares during the period. California State Teachers Retirement System increased its position in WisdomTree by 25.8% in the first quarter. California State Teachers Retirement System now owns 158,271 shares of the company's stock worth $2,304,000 after purchasing an additional 32,495 shares during the period. Maverick Capital Ltd. acquired a new stake in WisdomTree during the 1st quarter worth $621,000. Finally, Quantinno Capital Management LP grew its holdings in WisdomTree by 178.9% during the 1st quarter. Quantinno Capital Management LP now owns 163,727 shares of the company's stock worth $2,384,000 after acquiring an additional 105,023 shares during the period. 78.64% of the stock is currently owned by institutional investors and hedge funds.
Wall Street Analyst Weigh In
WT has been the subject of a number of research reports. Northland Securities set a $20.00 price target on shares of WisdomTree in a report on Monday, February 2nd. Oppenheimer raised their price target on shares of WisdomTree from $20.00 to $21.00 and gave the company an "outperform" rating in a report on Wednesday, April 29th. The Goldman Sachs Group reissued a "neutral" rating and issued a $16.80 price target on shares of WisdomTree in a report on Tuesday, May 5th. Zacks Research lowered shares of WisdomTree from a "strong-buy" rating to a "hold" rating in a report on Tuesday, March 31st. Finally, Morgan Stanley set a $18.00 price target on shares of WisdomTree in a report on Thursday, April 30th. Four research analysts have rated the stock with a Buy rating and four have assigned a Hold rating to the stock. According to data from MarketBeat, the company has a consensus rating of "Moderate Buy" and a consensus target price of $18.47.
Read Our Latest Research Report on WisdomTree
WisdomTree Company Profile
(
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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