BlackRock Inc. purchased a new position in shares of WisdomTree, Inc. (NYSE:WT - Free Report) during the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund purchased 19,274,687 shares of the company's stock, valued at approximately $326,513,000. BlackRock Inc. owned 12.60% of WisdomTree at the end of the most recent reporting period.
Other institutional investors also recently made changes to their positions in the company. Deutsche Bank AG acquired a new position in WisdomTree in the second quarter worth $2,358,000. Mitsubishi UFJ Asset Management Co. Ltd. acquired a new stake in WisdomTree in the 2nd quarter valued at about $171,000. Persistent Asset Partners Ltd bought a new stake in shares of WisdomTree during the 2nd quarter worth $75,000. Chase Investment Counsel Corp purchased a new stake in shares of WisdomTree in the 2nd quarter valued at approximately $3,268,000. Finally, Bank of New York Mellon Corp acquired a new position in shares of WisdomTree in the 2nd quarter valued at about $17,723,000. 78.64% of the stock is owned by institutional investors and hedge funds.
WisdomTree Stock Up 2.9%
WisdomTree stock opened at $24.83 on Thursday. 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 $3.76 billion, a price-to-earnings ratio of 47.75 and a beta of 1.17. The firm's fifty day moving average price is $20.21 and its two-hundred day moving average price is $18.08. WisdomTree, Inc. has a 1-year low of $10.69 and a 1-year high of $24.93.
WisdomTree (NYSE:WT - Get Free Report) last issued its quarterly earnings results on Friday, July 31st. The company reported $0.31 EPS for the quarter, topping analysts' consensus estimates of $0.26 by $0.05. The business had revenue of $177.16 million for the quarter, compared to analyst estimates of $170.62 million. WisdomTree had a return on equity of 39.12% and a net margin of 13.27%.WisdomTree's quarterly revenue was up 57.3% compared to the same quarter last year. During the same period last year, the company posted $0.18 earnings per share. On average, equities research analysts predict that WisdomTree, Inc. will post 1.18 earnings per share for the current fiscal year.
WisdomTree Announces Dividend
The business also recently announced a quarterly dividend, which was paid on Wednesday, August 26th. Stockholders of record on Wednesday, August 12th were paid 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 23.08%.
Analysts Set New Price Targets
A number of research firms recently issued reports on WT. Zacks Research lowered shares of WisdomTree from a "strong-buy" rating to a "hold" rating in a research note on Monday, July 27th. Wall Street Zen raised shares of WisdomTree from a "hold" rating to a "buy" rating in a research note on Saturday, August 1st. The Goldman Sachs Group lifted their price objective on WisdomTree from $16.40 to $18.30 and gave the company a "neutral" rating in a report on Tuesday, August 4th. Oppenheimer lifted their target price on WisdomTree from $22.00 to $27.00 and gave the company an "outperform" rating in a research report on Wednesday. Finally, Morgan Stanley set a $21.00 target price on shares of WisdomTree in a report on Wednesday, July 29th. Four equities research analysts have rated the stock with a Buy rating and three have issued a Hold rating to the company. According to MarketBeat, the stock has a consensus rating of "Moderate Buy" and a consensus target price of $22.46.
Get Our Latest Analysis on WT
About WisdomTree
(
Free Report)
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.
See Also
Want to see what other hedge funds are holding WT? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for WisdomTree, Inc. (NYSE:WT - Free Report).
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