Public Sector Pension Investment Board Has $6.52 Million Stock Position in WisdomTree, Inc. $WT

Public Sector Pension Investment Board lifted its stake in shares of WisdomTree, Inc. (NYSE:WT) by 18.8% during the third quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 469,086 shares of the company’s stock after purchasing an additional 74,070 shares during the quarter. Public Sector Pension Investment Board owned about 0.32% of WisdomTree worth $6,520,000 at the end of the most recent reporting period.

Other large investors also recently made changes to their positions in the company. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC boosted its holdings in WisdomTree by 2.8% in the first quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 456,990 shares of the company’s stock worth $4,076,000 after acquiring an additional 12,402 shares in the last quarter. Jane Street Group LLC lifted its holdings in shares of WisdomTree by 379.3% in the 1st quarter. Jane Street Group LLC now owns 880,977 shares of the company’s stock worth $7,858,000 after purchasing an additional 697,156 shares in the last quarter. Vanguard Personalized Indexing Management LLC bought a new position in shares of WisdomTree in the 2nd quarter worth $128,000. CWM LLC grew its position in WisdomTree by 312.8% in the 2nd quarter. CWM LLC now owns 12,429 shares of the company’s stock valued at $143,000 after purchasing an additional 9,418 shares during the period. Finally, Nordea Investment Management AB increased its stake in WisdomTree by 1.2% during the 2nd quarter. Nordea Investment Management AB now owns 411,472 shares of the company’s stock valued at $4,720,000 after purchasing an additional 4,839 shares in the last quarter. 78.64% of the stock is currently owned by institutional investors and hedge funds.

Insider Transactions at WisdomTree

In related news, COO R Jarrett Lilien sold 12,500 shares of the company’s stock in a transaction that occurred on Tuesday, November 25th. The stock was sold at an average price of $11.01, for a total value of $137,625.00. Following the transaction, the chief operating officer owned 998,638 shares in the company, valued at approximately $10,995,004.38. This represents a 1.24% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, insider David M. Yates sold 6,820 shares of the firm’s stock in a transaction on Tuesday, December 2nd. The stock was sold at an average price of $11.12, for a total value of $75,838.40. Following the completion of the sale, the insider directly owned 152,123 shares of the company’s stock, valued at $1,691,607.76. This represents a 4.29% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Company insiders own 9.30% of the company’s stock.

Analyst Upgrades and Downgrades

A number of brokerages have recently issued reports on WT. Oppenheimer lifted their price objective on shares of WisdomTree from $17.00 to $21.00 and gave the company an “outperform” rating in a report on Tuesday, February 3rd. Zacks Research downgraded WisdomTree from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, January 27th. Wall Street Zen raised WisdomTree from a “hold” rating to a “buy” rating in a research note on Saturday, November 8th. Weiss Ratings restated a “buy (b-)” rating on shares of WisdomTree in a report on Wednesday, January 21st. Finally, Northland Securities set a $20.00 price target on WisdomTree in a report on Monday, February 2nd. Four investment 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, the stock presently has an average rating of “Moderate Buy” and an average price target of $17.65.

WisdomTree Price Performance

Shares of NYSE WT opened at $17.02 on Thursday. The company has a market capitalization of $2.39 billion, a PE ratio of 22.69 and a beta of 1.09. The company has a quick ratio of 1.37, a current ratio of 1.75 and a debt-to-equity ratio of 1.94. The stock’s 50 day moving average price is $14.32 and its 200-day moving average price is $13.30. WisdomTree, Inc. has a twelve month low of $7.47 and a twelve month high of $17.09.

WisdomTree (NYSE:WT) last issued its quarterly earnings results on Friday, January 30th. The company reported $0.29 EPS for the quarter, topping analysts’ consensus estimates of $0.23 by $0.06. The business had revenue of $147.40 million for the quarter, compared to analyst estimates of $142.78 million. WisdomTree had a return on equity of 30.24% and a net margin of 22.10%.WisdomTree’s quarterly revenue was up 33.2% compared to the same quarter last year. During the same period last year, the company posted $0.17 earnings per share. On average, equities analysts anticipate that WisdomTree, Inc. will post 0.72 EPS for the current year.

WisdomTree Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Wednesday, February 25th. Investors of record on Wednesday, February 11th will be given a dividend of $0.03 per share. The ex-dividend date is Wednesday, February 11th. This represents a $0.12 annualized dividend and a yield of 0.7%. WisdomTree’s dividend payout ratio is presently 16.00%.

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.