Connor Clark & Lunn Investment Management Ltd. Purchases 238,977 Shares of WisdomTree, Inc. (NYSE:WT)

Key Points

• Connor Clark & Lunn Investment Management Ltd. increased its stake in WisdomTree, Inc. by 85.6%, now owning 518,252 shares worth approximately $4.62 million.
• Several large investors have also raised their positions in WisdomTree, including Deutsche Bank AG (up 52.6%) and XTX Topco Ltd (up 88.9%).
• WisdomTree announced a quarterly dividend of $0.03 per share, providing a dividend yield of 0.9%, with an expected EPS of 0.72 for the current fiscal year.

Connor Clark & Lunn Investment Management Ltd. boosted its holdings in WisdomTree, Inc. (NYSE:WT - Free Report) by 85.6% during the 1st quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 518,252 shares of the company's stock after buying an additional 238,977 shares during the period. Connor Clark & Lunn Investment Management Ltd. owned approximately 0.35% of WisdomTree worth $4,623,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also modified their holdings of the company. LPL Financial LLC bought a new stake in shares of WisdomTree during the fourth quarter worth $132,000. JPMorgan Chase & Co. boosted its holdings in WisdomTree by 157.4% in the fourth quarter. JPMorgan Chase & Co. now owns 880,489 shares of the company's stock valued at $9,245,000 after acquiring an additional 538,385 shares during the last quarter. Wells Fargo & Company MN boosted its holdings in WisdomTree by 17.3% in the fourth quarter. Wells Fargo & Company MN now owns 192,868 shares of the company's stock valued at $2,025,000 after acquiring an additional 28,497 shares during the last quarter. Federated Hermes Inc. lifted its stake in WisdomTree by 60.7% in the fourth quarter. Federated Hermes Inc. now owns 4,705 shares of the company's stock valued at $49,000 after buying an additional 1,777 shares during the period. Finally, Bank of Montreal Can lifted its stake in WisdomTree by 11.6% in the fourth quarter. Bank of Montreal Can now owns 18,702 shares of the company's stock valued at $196,000 after buying an additional 1,951 shares during the period. 78.64% of the stock is currently owned by institutional investors.

WisdomTree Stock Down 0.5%

Shares of WisdomTree stock traded down $0.07 on Thursday, hitting $13.54. The company had a trading volume of 5,503,038 shares, compared to its average volume of 3,370,039. The stock has a market capitalization of $1.99 billion, a price-to-earnings ratio of 34.71 and a beta of 1.16. WisdomTree, Inc. has a 1 year low of $7.47 and a 1 year high of $13.79. The stock has a 50 day moving average of $12.10 and a 200-day moving average of $10.10. The company has a debt-to-equity ratio of 0.82, a quick ratio of 1.04 and a current ratio of 1.44.

WisdomTree (NYSE:WT - Get Free Report) last released its earnings results on Thursday, July 31st. The company reported $0.18 earnings per share (EPS) for the quarter, meeting the consensus estimate of $0.18. The company had revenue of $112.60 million during the quarter, compared to analyst estimates of $110.66 million. WisdomTree had a return on equity of 25.17% and a net margin of 16.25%. WisdomTree's quarterly revenue was up 5.2% on a year-over-year basis. During the same period in the prior year, the company posted $0.16 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 Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Wednesday, August 27th. Shareholders of record on Wednesday, August 13th will be given a dividend of $0.03 per share. The ex-dividend date is Wednesday, August 13th. This represents a $0.12 dividend on an annualized basis and a yield of 0.9%. WisdomTree's dividend payout ratio (DPR) is presently 30.77%.

Analyst Upgrades and Downgrades

A number of research firms have weighed in on WT. Morgan Stanley raised their price target on WisdomTree from $9.75 to $11.00 and gave the company an "equal weight" rating in a research note on Wednesday, July 2nd. The Goldman Sachs Group raised WisdomTree from a "sell" rating to a "neutral" rating and lifted their price target for the stock from $9.50 to $11.90 in a report on Friday, June 27th. Northcoast Research raised WisdomTree from a "neutral" rating to a "buy" rating and set a $15.00 price objective for the company in a report on Wednesday, July 2nd. Oppenheimer lifted their price target on WisdomTree from $12.00 to $15.00 and gave the company an "outperform" rating in a research note on Tuesday, July 22nd. Finally, Craig Hallum restated a "buy" rating on shares of WisdomTree in a research report on Monday, August 4th. Three equities research analysts have rated the stock with a hold rating and four have given a buy rating to the company. According to data from MarketBeat.com, the stock has an average rating of "Moderate Buy" and a consensus price target of $12.90.

Insiders Place Their Bets

In other news, COO R Jarrett Lilien sold 25,000 shares of the firm's stock in a transaction dated Tuesday, August 12th. The stock was sold at an average price of $13.33, for a total transaction of $333,250.00. Following the transaction, the chief operating officer directly owned 1,048,638 shares of the company's stock, valued at approximately $13,978,344.54. This trade represents a 2.33% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. 9.30% of the stock is owned by insiders.

WisdomTree Profile

WisdomTree, Inc, through its subsidiaries, operates as an exchange-traded funds (ETFs) sponsor and asset manager. It offers ETFs in equities, currency, fixed income, and alternatives asset classes. The company also licenses its indexes to third parties for proprietary products, as well as offers a platform to promote the use of WisdomTree ETFs in 401(k) plans.