Bank of New York Mellon Corp Makes New $17.72 Million Investment in WisdomTree, Inc. $WT

Key Points

• Bank of New York Mellon acquired 1.05 million WisdomTree shares worth approximately $17.72 million, representing about 0.68% of the company. Institutional investors collectively own 78.64% of outstanding shares.
• WisdomTree reported strong quarterly results, with earnings of $0.31 per share versus the $0.26 estimate and revenue of $177.16 million, up 57.3% year over year.
• Analyst sentiment is moderately bullish, with a consensus “Moderate Buy” rating and a $23.66 target price. The company also maintains a quarterly dividend of $0.03 per share, yielding approximately 0.5%.

Bank of New York Mellon Corp acquired a new stake in shares of WisdomTree, Inc. (NYSE:WT - Free Report) during the second quarter, according to its most recent disclosure with the SEC. The fund acquired 1,046,226 shares of the company's stock, valued at approximately $17,723,000. Bank of New York Mellon Corp owned approximately 0.68% of WisdomTree as of its most recent SEC filing.

Other hedge funds also recently made changes to their positions in the company. Team Financial Group LLC purchased a new stake in shares of WisdomTree in the first quarter worth $29,000. Caitong International Asset Management Co. Ltd lifted its stake in shares of WisdomTree by 163.0% during the 4th quarter. Caitong International Asset Management Co. Ltd now owns 2,454 shares of the company's stock valued at $30,000 after buying an additional 1,521 shares in the last quarter. Quarry LP boosted its holdings in WisdomTree by 1,679.0% in the 3rd quarter. Quarry LP now owns 2,206 shares of the company's stock worth $31,000 after buying an additional 2,082 shares during the period. Quattro Advisors LLC purchased a new stake in WisdomTree in the 4th quarter worth $31,000. Finally, Hantz Financial Services Inc. increased its stake in WisdomTree by 84.1% in the 4th quarter. Hantz Financial Services Inc. now owns 2,929 shares of the company's stock worth $36,000 after buying an additional 1,338 shares in the last quarter. 78.64% of the stock is currently owned by institutional investors.

WisdomTree Stock Down 1.3%

Shares of WT opened at $24.12 on Tuesday. The firm has a fifty day moving average price of $20.58 and a 200-day moving average price of $18.26. 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 market capitalization of $3.65 billion, a P/E ratio of 46.39 and a beta of 1.17. WisdomTree, Inc. has a 12-month low of $10.69 and a 12-month high of $25.89.

WisdomTree (NYSE:WT - Get Free Report) last announced its quarterly earnings data on Friday, July 31st. The company reported $0.31 earnings per share for the quarter, beating analysts' consensus estimates of $0.26 by $0.05. The company had revenue of $177.16 million during 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 firm's revenue for the quarter was up 57.3% on a year-over-year basis. During the same quarter last year, the business posted $0.18 EPS. Equities research analysts expect that WisdomTree, Inc. will post 1.19 earnings per share for the current year.

WisdomTree Dividend Announcement

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

Wall Street Analyst Weigh In

Several analysts recently issued reports on the company. Zacks Research downgraded WisdomTree from a "strong-buy" rating to a "hold" rating in a research note on Monday, July 27th. Wall Street Zen raised WisdomTree from a "hold" rating to a "buy" rating in a research note on Saturday, August 1st. Morgan Stanley set a $21.00 price target on WisdomTree in a report on Wednesday, July 29th. Weiss Ratings raised WisdomTree from a "hold (c)" rating to a "buy (b-)" rating in a research note on Wednesday, August 19th. Finally, Northland Securities upped their price objective on WisdomTree from $22.00 to $26.00 and gave the stock an "outperform" rating in a report on Wednesday, August 19th. Four analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the company. According to MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and a consensus target price of $23.66.

WisdomTree Company 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.

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