Public Sector Pension Investment Board Boosts Position in WisdomTree, Inc. $WT

Key Points

• The Public Sector Pension Investment Board increased its holdings in WisdomTree, Inc. by 27.3%, acquiring an additional 77,787 shares during the first quarter, bringing their total to 362,931 shares worth approximately $3.2 million.
• Multiple institutional investors have also increased their stakes in WisdomTree, with Bank of America Corp DE reporting a 93.8% increase in holdings in the fourth quarter.
• Research analysts have generally rated WisdomTree positively, with an average consensus of "Moderate Buy" and a price target of $13.15, reflecting optimism about its financial performance and potential growth.

Public Sector Pension Investment Board boosted its holdings in WisdomTree, Inc. (NYSE:WT - Free Report) by 27.3% during the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 362,931 shares of the company's stock after acquiring an additional 77,787 shares during the period. Public Sector Pension Investment Board owned 0.25% of WisdomTree worth $3,237,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other large investors have also recently added to or reduced their stakes in the business. Massachusetts Financial Services Co. MA grew its stake in WisdomTree by 0.4% in the 1st quarter. Massachusetts Financial Services Co. MA now owns 3,698,844 shares of the company's stock valued at $32,994,000 after acquiring an additional 13,746 shares during the last quarter. Millennium Management LLC grew its stake in WisdomTree by 532.6% in the 4th quarter. Millennium Management LLC now owns 2,031,534 shares of the company's stock valued at $21,331,000 after acquiring an additional 1,710,409 shares during the last quarter. Nuveen LLC acquired a new stake in WisdomTree in the 1st quarter valued at about $17,003,000. Two Sigma Investments LP boosted its stake in shares of WisdomTree by 10.5% during the 4th quarter. Two Sigma Investments LP now owns 1,500,371 shares of the company's stock worth $15,754,000 after purchasing an additional 142,226 shares during the last quarter. Finally, Northern Trust Corp boosted its stake in shares of WisdomTree by 1.1% during the 4th quarter. Northern Trust Corp now owns 1,440,197 shares of the company's stock worth $15,122,000 after purchasing an additional 15,489 shares during the last quarter. 78.64% of the stock is owned by institutional investors and hedge funds.

Insider Buying and Selling

In related news, COO R Jarrett Lilien sold 25,000 shares of the firm's stock in a transaction that occurred on Tuesday, August 12th. The shares were sold at an average price of $13.33, for a total value of $333,250.00. Following the transaction, the chief operating officer owned 1,048,638 shares in the company, valued at approximately $13,978,344.54. This trade represents a 2.33% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Insiders own 9.30% of the company's stock.

WisdomTree Trading Up 2.4%

Shares of WT traded up $0.3050 during mid-day trading on Friday, hitting $13.2350. The company had a trading volume of 2,483,675 shares, compared to its average volume of 4,135,902. The business's 50-day simple moving average is $12.48 and its 200-day simple moving average is $10.25. The company has a quick ratio of 1.04, a current ratio of 1.44 and a debt-to-equity ratio of 0.82. WisdomTree, Inc. has a 1-year low of $7.47 and a 1-year high of $13.79. The stock has a market cap of $1.95 billion, a PE ratio of 33.94 and a beta of 1.16.

WisdomTree (NYSE:WT - Get Free Report) last released its earnings results on Thursday, July 31st. The company reported $0.18 earnings per share (EPS) 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 for the quarter, compared to analysts' expectations of $110.66 million. During the same period last year, the company earned $0.16 earnings per share. The company's quarterly revenue was up 5.2% on a year-over-year basis. Sell-side analysts forecast that WisdomTree, Inc. will post 0.72 earnings per share for the current year.

WisdomTree Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, August 27th. Investors of record on Wednesday, August 13th will be issued a $0.03 dividend. The ex-dividend date is Wednesday, August 13th. This represents a $0.12 annualized dividend and a yield of 0.9%. WisdomTree's dividend payout ratio (DPR) is presently 30.77%.

Analysts Set New Price Targets

Several equities research analysts have issued reports on the stock. Oppenheimer raised their price target on shares of WisdomTree from $12.00 to $15.00 and gave the stock an "outperform" rating in a research note on Tuesday, July 22nd. The Goldman Sachs Group raised shares of WisdomTree from a "sell" rating to a "neutral" rating and raised their price target for the stock from $9.50 to $11.90 in a research note on Friday, June 27th. Craig Hallum reaffirmed a "buy" rating on shares of WisdomTree in a research note on Monday, August 4th. Northcoast Research raised shares of WisdomTree from a "neutral" rating to a "buy" rating and set a $15.00 price target on the stock in a research note on Wednesday, July 2nd. Finally, Morgan Stanley raised their price target on shares of WisdomTree from $11.50 to $12.50 and gave the stock an "equal weight" rating in a research note on Monday, August 18th. Four analysts have rated the stock with a Buy rating and three have given a Hold rating to the company. According to data from MarketBeat.com, WisdomTree has an average rating of "Moderate Buy" and a consensus target price of $13.15.

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.