WisdomTree, Inc. (NYSE:WT) Shares Sold by New York State Common Retirement Fund

Key Points

• The New York State Common Retirement Fund significantly reduced its holdings in WisdomTree, Inc. by 76.1%, now owning 38,564 shares worth approximately $344,000.
• WisdomTree reported $0.16 earnings per share (EPS) for the recent quarter, meeting analyst expectations while showing an 11.7% revenue increase year-over-year.
• The company initiated a quarterly dividend of $0.03 per share, with a current annualized yield of 0.88% and a payout ratio of 34.29%.

New York State Common Retirement Fund reduced its position in shares of WisdomTree, Inc. (NYSE:WT - Free Report) by 76.1% in the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 38,564 shares of the company's stock after selling 122,629 shares during the period. New York State Common Retirement Fund's holdings in WisdomTree were worth $344,000 at the end of the most recent quarter.

A number of other institutional investors also recently bought and sold shares of WT. Personal CFO Solutions LLC acquired a new position in shares of WisdomTree in the 1st quarter valued at $111,000. Envestnet Asset Management Inc. raised its holdings in WisdomTree by 39.2% in the 1st quarter. Envestnet Asset Management Inc. now owns 808,352 shares of the company's stock valued at $7,210,000 after buying an additional 227,626 shares during the period. Principal Financial Group Inc. lifted its position in WisdomTree by 2.1% in the first quarter. Principal Financial Group Inc. now owns 743,700 shares of the company's stock valued at $6,634,000 after buying an additional 15,355 shares during the last quarter. Teacher Retirement System of Texas purchased a new position in WisdomTree during the first quarter worth about $152,000. Finally, Oppenheimer & Co. Inc. increased its position in shares of WisdomTree by 5.0% during the first quarter. Oppenheimer & Co. Inc. now owns 70,050 shares of the company's stock valued at $625,000 after acquiring an additional 3,359 shares during the last quarter. 78.64% of the stock is owned by hedge funds and other institutional investors.

WisdomTree Trading Down 0.2%

NYSE:WT opened at $13.69 on Friday. WisdomTree, Inc. has a 12-month low of $7.47 and a 12-month high of $13.76. The firm has a market cap of $2.01 billion, a PE ratio of 39.10 and a beta of 1.14. The company has a current ratio of 3.83, a quick ratio of 2.79 and a debt-to-equity ratio of 1.23. The stock has a fifty day moving average price of $11.09 and a 200 day moving average price of $9.76.

WisdomTree (NYSE:WT - Get Free Report) last announced its quarterly earnings data on Friday, May 2nd. The company reported $0.16 earnings per share (EPS) for the quarter, meeting the consensus estimate of $0.16. WisdomTree had a return on equity of 25.46% and a net margin of 15.77%. The business had revenue of $108.08 million during the quarter, compared to analysts' expectations of $108.47 million. During the same quarter last year, the business posted $0.12 EPS. The business's quarterly revenue was up 11.7% compared to the same quarter last year. Sell-side analysts anticipate that WisdomTree, Inc. will post 0.72 earnings per share for the current fiscal year.

WisdomTree Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Wednesday, May 28th. Investors of record on Wednesday, May 14th were paid a $0.03 dividend. The ex-dividend date of this dividend was Wednesday, May 14th. This represents a $0.12 dividend on an annualized basis and a yield of 0.88%. WisdomTree's dividend payout ratio is currently 34.29%.

Analyst Upgrades and Downgrades

WT has been the topic of several recent analyst reports. Northcoast Research upgraded shares of WisdomTree from a "neutral" rating to a "buy" rating and set a $15.00 price objective on the stock in a report on Wednesday, July 2nd. The Goldman Sachs Group upgraded WisdomTree from a "sell" rating to a "neutral" rating and upped their price target for the stock from $9.50 to $11.90 in a research note on Friday, June 27th. Oppenheimer raised their price target on WisdomTree from $12.00 to $15.00 and gave the stock an "outperform" rating in a research report on Tuesday, July 22nd. Finally, Morgan Stanley boosted their price objective on WisdomTree from $9.75 to $11.00 and gave the company an "equal weight" rating in a report on Wednesday, July 2nd. Three equities research analysts have rated the stock with a hold rating and five have given a buy rating to the stock. According to MarketBeat.com, the company has a consensus rating of "Moderate Buy" and an average price target of $13.24.

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.

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