WisdomTree (NYSE:WT) COO R Jarrett Lilien Sells 30,000 Shares of Stock

Key Points

• WisdomTree COO R. Jarrett Lilien sold 30,000 shares at an average price of $24.56, generating $736,800. His remaining stake totals 1,080,245 shares, valued at approximately $26.5 million.
• WisdomTree recently reported stronger-than-expected quarterly results, with EPS of $0.31 versus the $0.26 consensus estimate and revenue of $177.16 million, up 57.3% year over year.
• Analyst sentiment remains mixed, with a consensus rating of Hold and an average price target of $23.66, while institutional investors own 78.64% of the company.

WisdomTree, Inc. (NYSE:WT - Get Free Report) COO R. Jarrett Lilien sold 30,000 shares of the stock in a transaction on Wednesday, September 9th. The stock was sold at an average price of $24.56, for a total value of $736,800.00. Following the sale, the chief operating officer owned 1,080,245 shares in the company, valued at $26,530,817.20. The trade was a 2.70% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through the SEC website.

WisdomTree Price Performance

Shares of WisdomTree stock traded up $0.36 during trading on Thursday, reaching $24.26. The company's stock had a trading volume of 1,762,400 shares, compared to its average volume of 3,285,199. The stock has a 50-day moving average price of $21.56 and a two-hundred day moving average price of $18.65. The company has a current ratio of 3.00, a quick ratio of 2.73 and a debt-to-equity ratio of 2.53. WisdomTree, Inc. has a one year low of $10.69 and a one year high of $25.91. The stock has a market capitalization of $3.68 billion, a P/E ratio of 46.65 and a beta of 1.20.

WisdomTree (NYSE:WT - Get Free Report) last issued its quarterly earnings data on Friday, July 31st. The company reported $0.31 EPS for the quarter, topping analysts' consensus estimates of $0.26 by $0.05. The firm had revenue of $177.16 million for the quarter, compared to analyst estimates of $170.62 million. WisdomTree had a net margin of 13.27% and a return on equity of 39.12%. The company's revenue was up 57.3% on a year-over-year basis. During the same quarter in the prior year, the firm earned $0.18 EPS. As a group, sell-side analysts anticipate that WisdomTree, Inc. will post 1.19 EPS for the current fiscal year.

WisdomTree Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Wednesday, August 26th. Stockholders of record on Wednesday, August 12th were paid a dividend of $0.03 per share. This represents a $0.12 annualized dividend and a dividend yield of 0.5%. The ex-dividend date of this dividend was Wednesday, August 12th. WisdomTree's dividend payout ratio is 23.08%.

Analyst Ratings Changes

Several research firms have issued reports on WT. Morgan Stanley set a $21.00 price objective on WisdomTree in a report on Wednesday, July 29th. Weiss Ratings cut WisdomTree from a "buy (b-)" rating to a "hold (c+)" rating in a research note on Wednesday, September 2nd. Raymond James Financial reissued an "outperform" rating and issued a $26.00 target price on shares of WisdomTree in a research note on Thursday, August 27th. Oppenheimer boosted their target price on WisdomTree from $22.00 to $27.00 and gave the stock an "outperform" rating in a research report on Wednesday, August 26th. Finally, Wall Street Zen raised WisdomTree from a "hold" rating to a "buy" rating in a research note on Saturday, August 1st. Three equities research analysts have rated the stock with a Buy rating and four have given a Hold rating to the company. Based on data from MarketBeat.com, the company currently has a consensus rating of "Hold" and a consensus target price of $23.66.

Institutional Investors Weigh In On WisdomTree

A number of institutional investors and hedge funds have recently modified their holdings of the business. BlackRock Inc. bought a new position in WisdomTree in the second quarter valued at approximately $326,513,000. Wellington Management Group LLP grew its holdings in WisdomTree by 15.7% during the 4th quarter. Wellington Management Group LLP now owns 11,196,229 shares of the company's stock worth $136,482,000 after acquiring an additional 1,521,599 shares during the period. Azora Capital LP bought a new stake in shares of WisdomTree during the 2nd quarter valued at $104,698,000. Simcoe Capital Management LLC grew its stake in shares of WisdomTree by 11.3% during the fourth quarter. Simcoe Capital Management LLC now owns 5,253,340 shares of the company's stock worth $64,038,000 after purchasing an additional 535,015 shares during the period. Finally, Arrowstreet Capital Limited Partnership boosted its holdings in WisdomTree by 41.1% during the first quarter. Arrowstreet Capital Limited Partnership now owns 4,134,430 shares of the company's stock worth $60,197,000 after buying an additional 1,205,097 shares during the last quarter. 78.64% of the stock is owned by institutional investors.

About WisdomTree

WisdomTree Investments, Inc NYSE: WT is a U.S.-based asset management firm specializing in exchange-traded funds (ETFs) and exchange-traded products (ETPs). Founded in 2006 by Jonathan Steinberg and headquartered in New York City, WisdomTree has developed a reputation for pioneering smart-beta and fundamentally weighted indexing approaches. The company designs strategies that seek to enhance returns and reduce volatility by weighting constituents based on dividends, earnings or other financial metrics rather than relying solely on market capitalization.

WisdomTree offers a broad suite of investment products covering equities, fixed income, currencies, commodities and digital assets.

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