Amundi Raises Position in WisdomTree, Inc. $WT

Key Points

• Amundi increased its WisdomTree stake by 390.5% in the second quarter, bringing its holdings to 99,579 shares valued at approximately $1.69 million. Institutional investors collectively own 78.64% of the company.
• WisdomTree reported strong quarterly results, with EPS of $0.31 beating estimates of $0.26 and revenue rising 57.3% year over year to $177.16 million. The company also paid a quarterly dividend of $0.03 per share.
• WT shares opened at $23.91, near their 12-month high of $25.91. Analysts maintain a consensus “Hold” rating with an average price target of $23.66, while COO R. Jarrett Lilien sold 30,000 shares for about $736,800.

Amundi grew its holdings in WisdomTree, Inc. (NYSE:WT - Free Report) by 390.5% in the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 99,579 shares of the company's stock after acquiring an additional 79,279 shares during the period. Amundi owned about 0.07% of WisdomTree worth $1,687,000 as of its most recent filing with the Securities & Exchange Commission.

Several other large investors also recently bought and sold shares of WT. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC raised its holdings in shares of WisdomTree by 2.8% in the 1st quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 456,990 shares of the company's stock valued at $4,076,000 after purchasing an additional 12,402 shares in the last quarter. Jane Street Group LLC grew its holdings in shares of WisdomTree by 379.3% during the first 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 during the last quarter. Arrowstreet Capital Limited Partnership grew its holdings in shares of WisdomTree by 35.5% during the second quarter. Arrowstreet Capital Limited Partnership now owns 301,138 shares of the company's stock worth $3,466,000 after purchasing an additional 78,837 shares during the last quarter. Sei Investments Co. grew its stake in WisdomTree by 722.3% during the 2nd quarter. Sei Investments Co. now owns 93,039 shares of the company's stock worth $1,071,000 after buying an additional 81,725 shares during the last quarter. Finally, AQR Capital Management LLC grew its position in shares of WisdomTree by 20.0% during the second quarter. AQR Capital Management LLC now owns 482,313 shares of the company's stock worth $5,551,000 after acquiring an additional 80,361 shares during the last quarter. Hedge funds and other institutional investors own 78.64% of the company's stock.

WisdomTree Stock Performance

NYSE:WT opened at $23.91 on Monday. The company has a current ratio of 3.00, a quick ratio of 2.73 and a debt-to-equity ratio of 2.53. The firm has a 50-day moving average price of $21.80 and a two-hundred day moving average price of $18.76. WisdomTree, Inc. has a twelve month low of $10.69 and a twelve month high of $25.91. The company has a market capitalization of $3.62 billion, a P/E ratio of 45.99 and a beta of 1.20.

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

WisdomTree Announces Dividend

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

Insider Activity

In related news, COO R. Jarrett Lilien sold 30,000 shares of the company's stock in a transaction that occurred on Wednesday, September 9th. The shares were sold at an average price of $24.56, for a total transaction of $736,800.00. Following the transaction, the chief operating officer owned 1,080,245 shares of the company's stock, valued at approximately $26,530,817.20. This represents a 2.70% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Insiders own 10.10% of the company's stock.

Wall Street Analyst Weigh In

Several research firms recently commented on WT. Morgan Stanley set a $21.00 price target on shares of WisdomTree in a research report on Wednesday, July 29th. Oppenheimer raised their price objective on shares of WisdomTree from $22.00 to $27.00 and gave the stock an "outperform" rating in a research report on Wednesday, August 26th. The Goldman Sachs Group lifted their price objective on shares of WisdomTree from $16.40 to $18.30 and gave the company a "neutral" rating in a research note on Tuesday, August 4th. Raymond James Financial reaffirmed an "outperform" rating and issued a $26.00 target price on shares of WisdomTree in a report on Thursday, August 27th. Finally, Zacks Research downgraded shares of WisdomTree from a "strong-buy" rating to a "hold" rating in a research note on Monday, July 27th. Three investment analysts have rated the stock with a Buy rating and four have assigned a Hold rating to the company. According to MarketBeat.com, the stock has a consensus rating of "Hold" and an average target price of $23.66.

About WisdomTree

WisdomTree, Inc is a financial services company that operates as an exchange-traded fund (ETF) and exchange-traded product sponsor and asset manager. The company develops and manages investment strategies designed to provide exposure to equities, fixed income, currencies, commodities, alternatives and other asset classes.

Its product offerings include dividend-focused, growth and value ETFs, actively managed funds, currency and commodity products, and funds focused on environmental, social and governance themes.

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