OMERS ADMINISTRATION Corp Invests $529,000 in WisdomTree, Inc. $WT

Key Points

• OMERS ADMINISTRATION Corp has invested approximately $529,000 in WisdomTree, acquiring 59,300 shares of the company during the first quarter.
• Several institutional investors, including Ieq Capital LLC and AlphaQuest LLC, have also increased their holdings in WisdomTree, bringing the total institutional ownership to 78.64%.
• Analysts have raised their price targets for WisdomTree, with a recent consensus indicating an average target of $13.15 and several firms giving the stock a "buy" rating.

OMERS ADMINISTRATION Corp bought a new position in WisdomTree, Inc. (NYSE:WT - Free Report) during the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm bought 59,300 shares of the company's stock, valued at approximately $529,000.

Several other large investors have also recently added to or reduced their stakes in WT. Byrne Asset Management LLC boosted its position in WisdomTree by 114.0% during the 1st quarter. Byrne Asset Management LLC now owns 3,852 shares of the company's stock worth $34,000 after acquiring an additional 2,052 shares during the period. Versant Capital Management Inc boosted its position in WisdomTree by 310.5% during the 1st quarter. Versant Capital Management Inc now owns 5,263 shares of the company's stock worth $47,000 after acquiring an additional 3,981 shares during the period. Russell Investments Group Ltd. boosted its position in WisdomTree by 758.2% during the 1st quarter. Russell Investments Group Ltd. now owns 6,986 shares of the company's stock worth $62,000 after acquiring an additional 6,172 shares during the period. Ieq Capital LLC acquired a new stake in shares of WisdomTree in the first quarter valued at $94,000. Finally, Personal CFO Solutions LLC acquired a new stake in shares of WisdomTree in the first quarter valued at $111,000. 78.64% of the stock is owned by institutional investors and hedge funds.

Insider Activity at WisdomTree

In other news, COO R Jarrett Lilien sold 25,000 shares of the stock in a transaction dated Tuesday, August 12th. The stock was sold at an average price of $13.33, for a total transaction of $333,250.00. Following the transaction, the chief operating officer owned 1,048,638 shares of the company's stock, valued at approximately $13,978,344.54. This represents a 2.33% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Corporate insiders own 9.30% of the company's stock.

Wall Street Analysts Forecast Growth

Several analysts have recently weighed in on WT shares. Northcoast Research upgraded WisdomTree from a "neutral" rating to a "buy" rating and set a $15.00 price objective for the company in a report on Wednesday, July 2nd. Oppenheimer upped their target price on WisdomTree from $12.00 to $15.00 and gave the company an "outperform" rating in a report on Tuesday, July 22nd. Morgan Stanley upped their target price on WisdomTree from $11.50 to $12.50 and gave the company an "equal weight" rating in a report on Monday, August 18th. Craig Hallum reaffirmed a "buy" rating on shares of WisdomTree in a report on Monday, August 4th. Finally, The Goldman Sachs Group raised WisdomTree from a "sell" rating to a "neutral" rating and upped their target price for the company from $9.50 to $11.90 in a report on Friday, June 27th. Four research analysts have rated the stock with a Buy rating and three have issued a Hold rating to the company. Based on data from MarketBeat, WisdomTree presently has a consensus rating of "Moderate Buy" and an average target price of $13.56.

WisdomTree Stock Up 0.8%

Shares of WT traded up $0.11 during midday trading on Monday, reaching $13.54. 297,404 shares of the stock were exchanged, compared to its average volume of 2,202,779. The company has a quick ratio of 1.04, a current ratio of 1.44 and a debt-to-equity ratio of 0.82. The company has a market cap of $1.99 billion, a price-to-earnings ratio of 34.68 and a beta of 1.19. The firm has a 50 day simple moving average of $13.07 and a 200-day simple moving average of $10.53. WisdomTree, Inc. has a 12-month low of $7.47 and a 12-month high of $14.07.

WisdomTree (NYSE:WT - Get Free Report) last issued its quarterly earnings data on Thursday, July 31st. The company reported $0.18 EPS for the quarter, meeting analysts' consensus estimates of $0.18. The business had revenue of $112.60 million for the quarter, compared to analyst estimates of $110.66 million. WisdomTree had a return on equity of 25.17% and a net margin of 16.25%.The firm's revenue for the quarter was up 5.2% on a year-over-year basis. During the same quarter in the prior year, the firm posted $0.16 EPS. Research analysts forecast that WisdomTree, Inc. will post 0.72 EPS for the current year.

WisdomTree Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, August 27th. Stockholders of record on Wednesday, August 13th were issued a dividend of $0.03 per share. The ex-dividend date of this dividend was Wednesday, August 13th. This represents a $0.12 dividend on an annualized basis and a dividend yield of 0.9%. WisdomTree's dividend payout ratio is currently 30.77%.

WisdomTree Company Profile

WisdomTree, Inc, through its subsidiaries, operates as an exchange-traded funds (ETFs) sponsor and asset manager. It offers ETFs in equities, currency, fixed income, and alternatives asset classes. The company also licenses its indexes to third parties for proprietary products, as well as offers a platform to promote the use of WisdomTree ETFs in 401(k) plans.