Corient Private Wealth LP Makes New Investment in WisdomTree, Inc. $WT

Corient Private Wealth LP purchased a new stake in WisdomTree, Inc. (NYSE:WT - Free Report) in the 2nd quarter, according to the company in its most recent Form 13F filing with the SEC. The firm purchased 104,858 shares of the company's stock, valued at approximately $1,776,000. Corient Private Wealth LP owned 0.07% of WisdomTree as of its most recent SEC filing.

Other institutional investors have also modified their holdings of the company. Russell Investments Group Ltd. raised its stake 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 acquiring an additional 778 shares in the last quarter. Clearstead Trust LLC purchased a new position in WisdomTree in the second quarter valued at $92,000. Pictet Asset Management Holding SA grew its stake in WisdomTree by 5.3% during the 1st quarter. Pictet Asset Management Holding SA now owns 21,947 shares of the company's stock worth $320,000 after purchasing an additional 1,108 shares in the last quarter. Osaic Holdings Inc. grew its stake in WisdomTree by 1.5% during the 2nd quarter. Osaic Holdings Inc. now owns 87,126 shares of the company's stock worth $1,003,000 after purchasing an additional 1,266 shares in the last quarter. Finally, Illinois Municipal Retirement Fund increased its holdings in WisdomTree by 2.1% during the 4th quarter. Illinois Municipal Retirement Fund now owns 61,799 shares of the company's stock worth $753,000 after purchasing an additional 1,281 shares during the period. Institutional investors and hedge funds own 78.64% of the company's stock.

Analyst Upgrades and Downgrades

WT has been the subject of several recent research reports. Raymond James Financial reiterated an "outperform" rating and issued a $26.00 price objective on shares of WisdomTree in a research note on Thursday, August 27th. Northland Securities upped their target price on shares of WisdomTree from $22.00 to $26.00 and gave the stock an "outperform" rating in a research note on Wednesday, August 19th. Weiss Ratings raised shares of WisdomTree from a "hold (c)" rating to a "buy (b-)" rating in a report on Wednesday, August 19th. Oppenheimer lifted their price target on shares of WisdomTree from $22.00 to $27.00 and gave the stock an "outperform" rating in a research note on Wednesday, August 26th. Finally, The Goldman Sachs Group boosted their price target on shares of WisdomTree from $16.40 to $18.30 and gave the stock a "neutral" rating in a report on Tuesday, August 4th. Four equities research analysts have rated the stock with a Buy rating and three have given a Hold rating to the stock. According to data from MarketBeat.com, WisdomTree currently has a consensus rating of "Moderate Buy" and a consensus price target of $23.66.

WisdomTree Stock Up 4.5%

WisdomTree stock opened at $24.80 on Friday. WisdomTree, Inc. has a 1-year low of $10.69 and a 1-year high of $25.91. The company has a debt-to-equity ratio of 2.53, a current ratio of 3.00 and a quick ratio of 2.73. The stock has a market cap of $3.76 billion, a PE ratio of 47.69 and a beta of 1.20. The stock's fifty day moving average is $20.97 and its two-hundred day moving average is $18.43.

WisdomTree (NYSE:WT - Get Free Report) last released its quarterly earnings data on Friday, July 31st. The company reported $0.31 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.26 by $0.05. WisdomTree had a return on equity of 39.12% and a net margin of 13.27%.The business had revenue of $177.16 million during the quarter, compared to analysts' expectations of $170.62 million. During the same period in the prior year, the firm posted $0.18 EPS. The business's quarterly revenue was up 57.3% compared to the same quarter last year. On average, sell-side analysts expect that WisdomTree, Inc. will post 1.19 EPS for the current fiscal year.

WisdomTree Announces Dividend

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

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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