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 acquired a new position in shares of WisdomTree, Inc. (NYSE:WT - Free Report) during the first quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor acquired 59,300 shares of the company's stock, valued at approximately $529,000.

Several other large investors have also recently bought and sold shares of the business. Ieq Capital LLC purchased a new position in WisdomTree in the first quarter valued at $94,000. Freedom Investment Management Inc. increased its holdings in WisdomTree by 13.9% in the first quarter. Freedom Investment Management Inc. now owns 18,043 shares of the company's stock valued at $161,000 after buying an additional 2,204 shares during the last quarter. AlphaQuest LLC increased its holdings in WisdomTree by 133.4% in the first quarter. AlphaQuest LLC now owns 188,765 shares of the company's stock valued at $1,684,000 after buying an additional 107,900 shares during the last quarter. Algert Global LLC increased its holdings in WisdomTree by 44.3% in the first quarter. Algert Global LLC now owns 92,233 shares of the company's stock valued at $823,000 after buying an additional 28,310 shares during the last quarter. Finally, American Century Companies Inc. increased its holdings in WisdomTree by 11.2% in the first quarter. American Century Companies Inc. now owns 369,747 shares of the company's stock valued at $3,298,000 after buying an additional 37,343 shares during the last quarter. Hedge funds and other institutional investors own 78.64% of the company's stock.

Insider Buying and Selling at WisdomTree

In other news, COO R Jarrett Lilien sold 12,500 shares of the stock in a transaction dated Tuesday, August 26th. The shares were sold at an average price of $13.21, for a total transaction of $165,125.00. Following the completion of the sale, the chief operating officer owned 1,036,138 shares in the company, valued at approximately $13,687,382.98. This represents a 1.19% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Company insiders own 9.30% of the company's stock.

Analysts Set New Price Targets

Several research firms recently commented on WT. Northcoast Research raised WisdomTree from a "neutral" rating to a "buy" rating and set a $15.00 target price on the stock in a report on Wednesday, July 2nd. Morgan Stanley increased 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 reissued a "buy" rating on shares of WisdomTree in a report on Monday, August 4th. Oppenheimer raised their price objective on WisdomTree from $12.00 to $15.00 and gave the stock an "outperform" rating in a report on Tuesday, July 22nd. Finally, The Goldman Sachs Group raised WisdomTree from a "sell" rating to a "neutral" rating and raised their price objective for the stock from $9.50 to $11.90 in a report on Friday, June 27th. Four equities research analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the stock. Based on data from MarketBeat, WisdomTree has an average rating of "Moderate Buy" and an average price target of $13.15.

WisdomTree Stock Performance

Shares of WT stock opened at $13.53 on Wednesday. The stock's 50-day moving average is $12.92 and its two-hundred day moving average is $10.43. The firm has a market cap of $1.99 billion, a price-to-earnings ratio of 34.68 and a beta of 1.19. WisdomTree, Inc. has a 1 year low of $7.47 and a 1 year high of $13.79. The company has a debt-to-equity ratio of 0.82, a quick ratio of 1.04 and a current ratio of 1.44.

WisdomTree (NYSE:WT - Get Free Report) last announced its earnings results on Thursday, July 31st. The company reported $0.18 earnings per share for the quarter, hitting the consensus estimate of $0.18. WisdomTree had a net margin of 16.25% and a return on equity of 25.17%. The business had revenue of $112.60 million during the quarter, compared to the consensus estimate of $110.66 million. During the same quarter in the prior year, the firm earned $0.16 earnings per share. The business's quarterly revenue was up 5.2% compared to the same quarter last year. Analysts predict that WisdomTree, Inc. will post 0.72 earnings per share for the current year.

WisdomTree Dividend Announcement

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

WisdomTree 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.

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