WisdomTree, Inc. $WT Shares Sold by Janus Henderson Group PLC

Janus Henderson Group PLC decreased its stake in shares of WisdomTree, Inc. (NYSE:WT) by 18.1% during the first quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 1,742,489 shares of the company’s stock after selling 385,369 shares during the quarter. Janus Henderson Group PLC’s holdings in WisdomTree were worth $25,372,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Sowell Financial Services LLC grew its holdings in WisdomTree by 6.3% in the 4th quarter. Sowell Financial Services LLC now owns 11,518 shares of the company’s stock valued at $140,000 after buying an additional 680 shares in the last quarter. Russell Investments Group Ltd. increased its position in WisdomTree by 3.9% during the fourth quarter. Russell Investments Group Ltd. now owns 20,605 shares of the company’s stock worth $251,000 after purchasing an additional 778 shares during the last quarter. Pictet Asset Management Holding SA increased its position in WisdomTree by 5.3% during the first quarter. Pictet Asset Management Holding SA now owns 21,947 shares of the company’s stock worth $320,000 after purchasing an additional 1,108 shares during the last quarter. Osaic Holdings Inc. raised its stake in WisdomTree by 1.5% during the second quarter. Osaic Holdings Inc. now owns 87,126 shares of the company’s stock worth $1,003,000 after purchasing an additional 1,266 shares during the period. Finally, Illinois Municipal Retirement Fund boosted its holdings in WisdomTree by 2.1% in the 4th quarter. Illinois Municipal Retirement Fund now owns 61,799 shares of the company’s stock valued at $753,000 after purchasing an additional 1,281 shares during the last quarter. Institutional investors and hedge funds own 78.64% of the company’s stock.

Analyst Upgrades and Downgrades

Several analysts have recently weighed in on WT shares. Raymond James Financial assumed coverage on shares of WisdomTree in a research note on Tuesday, April 21st. They issued an “outperform” rating and a $20.00 price target for the company. Morgan Stanley set a $21.00 price objective on WisdomTree in a report on Wednesday, July 29th. Oppenheimer increased their price objective on WisdomTree from $21.00 to $22.00 and gave the stock an “outperform” rating in a research report on Monday. Wall Street Zen raised WisdomTree from a “hold” rating to a “buy” rating in a research note on Saturday. Finally, The Goldman Sachs Group restated a “neutral” rating and issued a $16.80 target price on shares of WisdomTree in a research report on Tuesday, May 5th. Two investment analysts have rated the stock with a Buy rating and four have assigned a Hold rating to the company’s stock. Based on data from MarketBeat.com, the company presently has an average rating of “Hold” and an average price target of $20.36.

WisdomTree Price Performance

Shares of WT opened at $20.96 on Tuesday. The firm has a 50-day simple moving average of $18.69 and a two-hundred day simple moving average of $17.24. The company has a debt-to-equity ratio of 2.53, a current ratio of 3.00 and a quick ratio of 2.73. WisdomTree, Inc. has a 1-year low of $10.69 and a 1-year high of $21.29. The stock has a market cap of $3.21 billion, a PE ratio of 40.31 and a beta of 1.17.

WisdomTree (NYSE:WT) last posted its earnings results on Friday, July 31st. The company reported $0.31 earnings per share for the quarter, beating the consensus estimate of $0.26 by $0.05. WisdomTree had a net margin of 13.27% and a return on equity of 39.12%. The firm had revenue of $177.20 million during the quarter, compared to the consensus estimate of $170.62 million. During the same quarter last year, the firm earned $0.18 EPS. The firm’s revenue for the quarter was up 57.3% on a year-over-year basis. As a group, analysts forecast that WisdomTree, Inc. will post 1.14 EPS for the current year.

WisdomTree Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Wednesday, August 26th. Investors of record on Wednesday, August 12th will be issued a dividend of $0.03 per share. This represents a $0.12 dividend on an annualized basis and a yield of 0.6%. The ex-dividend date is Wednesday, August 12th. WisdomTree’s dividend payout ratio (DPR) is 23.08%.

Insider Transactions at WisdomTree

In other news, COO R Jarrett Lilien sold 30,000 shares of the stock in a transaction dated Wednesday, May 20th. The shares were sold at an average price of $18.99, for a total transaction of $569,700.00. Following the sale, the chief operating officer owned 1,110,245 shares of the company’s stock, valued at approximately $21,083,552.55. This represents a 2.63% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. 10.10% of the stock is owned by company insiders.

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.