Voya Investment Management LLC Boosts Position in WisdomTree, Inc. $WT

Key Points

• Voya Investment Management LLC increased its stake in WisdomTree, Inc. by 8.9% during Q1, owning 497,432 shares valued at approximately $4.44 million.
• WisdomTree reported earnings of $0.18 per share for the last quarter, meeting consensus estimates, with revenue growing 5.2% year-over-year to $112.60 million.
• The firm recently declared a quarterly dividend of $0.03 per share, resulting in an annualized yield of 0.8%, with a current payout ratio of 30.77%.

Voya Investment Management LLC boosted its holdings in shares of WisdomTree, Inc. (NYSE:WT - Free Report) by 8.9% in the first quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 497,432 shares of the company's stock after buying an additional 40,485 shares during the quarter. Voya Investment Management LLC owned 0.34% of WisdomTree worth $4,437,000 at the end of the most recent reporting period.

A number of other institutional investors also recently bought and sold shares of WT. Simcoe Capital Management LLC purchased a new position in WisdomTree during the 1st quarter worth approximately $35,582,000. Millennium Management LLC increased its holdings in shares of WisdomTree by 110.0% during the 1st quarter. Millennium Management LLC now owns 4,266,947 shares of the company's stock valued at $38,061,000 after purchasing an additional 2,235,413 shares in the last quarter. Nuveen LLC purchased a new position in shares of WisdomTree during the 1st quarter valued at approximately $17,003,000. Nuveen Asset Management LLC increased its holdings in shares of WisdomTree by 139.9% during the 4th quarter. Nuveen Asset Management LLC now owns 1,270,963 shares of the company's stock valued at $13,345,000 after purchasing an additional 741,134 shares in the last quarter. Finally, Jane Street Group LLC increased its holdings in shares of WisdomTree by 379.3% during the 1st quarter. Jane Street Group LLC now owns 880,977 shares of the company's stock valued at $7,858,000 after purchasing an additional 697,156 shares in the last quarter. 78.64% of the stock is owned by hedge funds and other institutional investors.

WisdomTree Stock Up 1.4%

Shares of NYSE:WT opened at $14.67 on Friday. The firm's 50 day moving average price is $13.41 and its 200 day moving average price is $10.85. The stock has a market cap of $2.16 billion, a price-to-earnings ratio of 37.62 and a beta of 1.19. WisdomTree, Inc. has a fifty-two week low of $7.47 and a fifty-two week high of $14.76. 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 (NYSE:WT - Get Free Report) last announced its quarterly earnings results on Thursday, July 31st. The company reported $0.18 EPS for the quarter, meeting the consensus estimate of $0.18. The company had revenue of $112.60 million for the quarter, compared to analyst estimates of $110.66 million. WisdomTree had a net margin of 16.25% and a return on equity of 25.17%. The firm's revenue was up 5.2% on a year-over-year basis. During the same period in the prior year, the firm posted $0.16 earnings per share. As a group, equities research analysts predict that WisdomTree, Inc. will post 0.72 earnings per share for the current fiscal year.

WisdomTree Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Wednesday, August 27th. Shareholders of record on Wednesday, August 13th were paid a $0.03 dividend. This represents a $0.12 annualized dividend and a yield of 0.8%. The ex-dividend date was Wednesday, August 13th. WisdomTree's dividend payout ratio is currently 30.77%.

Wall Street Analysts Forecast Growth

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

Insider Buying and Selling

In other WisdomTree news, COO R Jarrett Lilien sold 25,000 shares of the 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 directly owned 1,048,638 shares in the company, valued at $13,978,344.54. This represents a 2.33% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. 9.30% of the stock is owned by corporate insiders.

About WisdomTree

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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