Nordea Investment Management AB Trims Holdings in WisdomTree, Inc. $WT

Nordea Investment Management AB lowered its stake in shares of WisdomTree, Inc. (NYSE:WT) by 12.7% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 457,483 shares of the company’s stock after selling 66,531 shares during the quarter. Nordea Investment Management AB owned approximately 0.33% of WisdomTree worth $5,618,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Cooper Financial Group grew its holdings in WisdomTree by 6.6% during the 4th quarter. Cooper Financial Group now owns 12,849 shares of the company’s stock worth $157,000 after acquiring an additional 799 shares in the last quarter. Oregon Public Employees Retirement Fund raised its stake in shares of WisdomTree by 3.4% in the 3rd quarter. Oregon Public Employees Retirement Fund now owns 27,056 shares of the company’s stock valued at $376,000 after purchasing an additional 900 shares in the last quarter. Universal Beteiligungs und Servicegesellschaft mbH raised its stake in shares of WisdomTree by 4.2% in the 2nd quarter. Universal Beteiligungs und Servicegesellschaft mbH now owns 22,957 shares of the company’s stock valued at $264,000 after purchasing an additional 927 shares in the last quarter. Vanguard Personalized Indexing Management LLC lifted its position in shares of WisdomTree by 9.6% during the third quarter. Vanguard Personalized Indexing Management LLC now owns 12,220 shares of the company’s stock worth $170,000 after purchasing an additional 1,068 shares during the last quarter. Finally, Louisiana State Employees Retirement System grew its stake in WisdomTree by 2.2% in the third quarter. Louisiana State Employees Retirement System now owns 55,300 shares of the company’s stock worth $769,000 after purchasing an additional 1,200 shares in the last quarter. Institutional investors own 78.64% of the company’s stock.

WisdomTree Stock Performance

Shares of NYSE WT opened at $14.57 on Friday. 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 firm’s 50-day moving average price is $15.97 and its two-hundred day moving average price is $13.75. WisdomTree, Inc. has a 52-week low of $7.47 and a 52-week high of $17.68. The stock has a market capitalization of $2.06 billion, a P/E ratio of 19.42 and a beta of 1.09.

WisdomTree (NYSE:WT) last posted its earnings results on Friday, January 30th. The company reported $0.29 EPS for the quarter, beating the consensus estimate of $0.23 by $0.06. The company had revenue of $147.43 million during 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%.The business’s revenue was up 33.2% compared to the same quarter last year. During the same period in the prior year, the company earned $0.17 earnings per share. As a group, sell-side analysts forecast that WisdomTree, Inc. will post 0.72 earnings per share for the current year.

WisdomTree Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, February 25th. Investors of record on Wednesday, February 11th were paid a dividend of $0.03 per share. This represents a $0.12 dividend on an annualized basis and a yield of 0.8%. The ex-dividend date was Wednesday, February 11th. WisdomTree’s dividend payout ratio is presently 16.00%.

Insiders Place Their Bets

In other WisdomTree news, COO R Jarrett Lilien sold 30,000 shares of the stock in a transaction on Wednesday, February 25th. The stock was sold at an average price of $16.84, for a total value of $505,200.00. Following the sale, the chief operating officer directly owned 1,140,245 shares of the company’s stock, valued at $19,201,725.80. This trade represents a 2.56% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. 9.30% of the stock is owned by corporate insiders.

Analysts Set New Price Targets

Several analysts recently weighed in on WT shares. Wall Street Zen lowered WisdomTree from a “buy” rating to a “hold” rating in a report on Saturday, March 21st. Morgan Stanley set a $16.75 target price on WisdomTree in a research report on Tuesday, February 10th. Weiss Ratings reiterated a “buy (b-)” rating on shares of WisdomTree in a report on Wednesday, January 21st. Zacks Research raised WisdomTree from a “hold” rating to a “strong-buy” rating in a research report on Wednesday, February 25th. Finally, Northland Securities set a $20.00 price objective on WisdomTree in a research note on Monday, February 2nd. One investment analyst has rated the stock with a Strong Buy rating, four have issued a Buy rating and two have assigned a Hold rating to the company’s stock. Based on data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus price target of $17.45.

WisdomTree Profile

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.