Cookson Peirce & Co. Inc. Invests $1.44 Million in WisdomTree, Inc. $WT

Key Points

• Cookson Peirce & Co. acquired 84,818 WisdomTree shares worth approximately $1.44 million, giving it a 0.06% stake. Institutional investors collectively own 78.64% of the company.
• WisdomTree reported quarterly EPS of $0.31, beating estimates of $0.26, while revenue rose 57.3% year over year to $177.16 million. The company also declared a quarterly dividend of $0.03 per share.
• Analyst sentiment is moderately bullish, with a consensus rating of “Moderate Buy” and an average price target of $23.66; Oppenheimer recently raised its target to $27.00.

Cookson Peirce & Co. Inc. acquired a new stake in shares of WisdomTree, Inc. (NYSE:WT - Free Report) in the second quarter, according to the company in its most recent filing with the SEC. The firm acquired 84,818 shares of the company's stock, valued at approximately $1,437,000. Cookson Peirce & Co. Inc. owned approximately 0.06% of WisdomTree at the end of the most recent reporting period.

Several other large investors also recently added to or reduced their stakes in the stock. Russell Investments Group Ltd. boosted its holdings in shares of WisdomTree by 3.9% in the fourth quarter. Russell Investments Group Ltd. now owns 20,605 shares of the company's stock valued at $251,000 after purchasing an additional 778 shares during the period. Clearstead Trust LLC bought a new stake in WisdomTree during the 2nd quarter valued at $92,000. Pictet Asset Management Holding SA lifted its holdings in shares of WisdomTree by 5.3% in the 1st quarter. Pictet Asset Management Holding SA now owns 21,947 shares of the company's stock worth $320,000 after buying an additional 1,108 shares during the period. Osaic Holdings Inc. increased its stake in shares of WisdomTree by 1.5% during the second quarter. Osaic Holdings Inc. now owns 87,126 shares of the company's stock valued at $1,003,000 after buying an additional 1,266 shares during the period. Finally, Illinois Municipal Retirement Fund increased its stake in shares of WisdomTree by 2.1% during the fourth quarter. Illinois Municipal Retirement Fund now owns 61,799 shares of the company's stock valued at $753,000 after buying an additional 1,281 shares during the period. 78.64% of the stock is owned by hedge funds and other institutional investors.

WisdomTree Stock Performance

Shares of WT stock opened at $24.53 on Monday. WisdomTree, Inc. has a 12-month low of $10.69 and a 12-month high of $25.89. The business's fifty day simple moving average is $20.47 and its 200-day simple moving average is $18.20. 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 company has a market cap of $3.72 billion, a PE ratio of 47.17 and a beta of 1.17.

WisdomTree (NYSE:WT - Get Free Report) last issued its quarterly 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 net margin of 13.27% and a return on equity of 39.12%. The business 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 business posted $0.18 EPS. WisdomTree's revenue for the quarter was up 57.3% compared to the same quarter last year. Analysts expect that WisdomTree, Inc. will post 1.19 earnings per share for the current fiscal year.

WisdomTree Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Wednesday, August 26th. Investors of record on Wednesday, August 12th were given a dividend of $0.03 per share. This represents a $0.12 annualized dividend and a yield of 0.5%. The ex-dividend date was Wednesday, August 12th. WisdomTree's dividend payout ratio (DPR) is currently 23.08%.

Analysts Set New Price Targets

Several research firms have recently commented on WT. Oppenheimer boosted their price target on shares of WisdomTree from $22.00 to $27.00 and gave the company an "outperform" rating in a report on Wednesday. Zacks Research lowered shares of WisdomTree from a "strong-buy" rating to a "hold" rating in a report 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 upped their target price on WisdomTree from $16.40 to $18.30 and gave the stock a "neutral" rating in a report on Tuesday, August 4th. Finally, Morgan Stanley set a $21.00 price target on WisdomTree in a report on Wednesday, July 29th. Four analysts have rated the stock with a Buy rating and three have issued a Hold rating to the company's stock. According to data from MarketBeat.com, the company has a consensus rating of "Moderate Buy" and an average price target 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.

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).

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.

Continue following MarketBeat

Add MarketBeat as your preferred source on Google to see our latest stories in your feed.

Add As Preferred Source