Cubist Systematic Strategies LLC Boosts Holdings in WisdomTree, Inc. $WT

Key Points

• Cubist Systematic Strategies LLC increased its holdings in WisdomTree, Inc. by 17.9%, owning over 1.16 million shares valued at approximately $10.38 million.
• WisdomTree has reported a quarterly earnings per share of $0.18, aligning with analyst expectations, and a revenue of $112.60 million, reflecting a 5.2% year-over-year increase.
• The company's quarterly dividend was recently set at $0.03, resulting in an annualized dividend yield of 0.9%, with a payout ratio of 30.77%.

Cubist Systematic Strategies LLC boosted its position in shares of WisdomTree, Inc. (NYSE:WT - Free Report) by 17.9% in the 1st quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 1,164,003 shares of the company's stock after buying an additional 176,816 shares during the quarter. Cubist Systematic Strategies LLC owned 0.79% of WisdomTree worth $10,383,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors and hedge funds also recently bought and sold shares of the company. Sheaff Brock Investment Advisors LLC boosted its stake in WisdomTree by 2.8% during the first quarter. Sheaff Brock Investment Advisors LLC now owns 42,908 shares of the company's stock worth $383,000 after buying an additional 1,155 shares during the period. Byrne Asset Management LLC boosted its stake in WisdomTree by 114.0% during the first quarter. Byrne Asset Management LLC now owns 3,852 shares of the company's stock worth $34,000 after buying an additional 2,052 shares during the period. Freedom Investment Management Inc. boosted its stake in WisdomTree by 13.9% during the first quarter. Freedom Investment Management Inc. now owns 18,043 shares of the company's stock worth $161,000 after buying an additional 2,204 shares during the period. Quarry LP boosted its stake in WisdomTree by 1,778.5% during the fourth quarter. Quarry LP now owns 2,799 shares of the company's stock worth $29,000 after buying an additional 2,650 shares during the period. Finally, MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. boosted its stake in WisdomTree by 3.5% during the fourth quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 79,343 shares of the company's stock worth $833,000 after buying an additional 2,709 shares during the period. 78.64% of the stock is owned by hedge funds and other institutional investors.

WisdomTree Stock Performance

WT stock opened at $13.63 on Tuesday. The company has a debt-to-equity ratio of 0.82, a current ratio of 1.44 and a quick ratio of 1.04. The business has a 50-day moving average price of $12.87 and a 200 day moving average price of $10.41. The company has a market capitalization of $2.00 billion, a P/E ratio of 34.94 and a beta of 1.19. WisdomTree, Inc. has a 1-year low of $7.47 and a 1-year high of $13.79.

WisdomTree (NYSE:WT - Get Free Report) last released its quarterly earnings data on Thursday, July 31st. The company reported $0.18 earnings per share for the quarter, meeting the consensus estimate of $0.18. The firm had revenue of $112.60 million during the quarter, compared to the consensus estimate of $110.66 million. WisdomTree had a return on equity of 25.17% and a net margin of 16.25%.The firm's quarterly revenue was up 5.2% on a year-over-year basis. During the same period in the previous year, the company posted $0.16 earnings per share. As a group, equities research analysts forecast that WisdomTree, Inc. will post 0.72 EPS for the current fiscal year.

WisdomTree Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, August 27th. Investors of record on Wednesday, August 13th were issued a $0.03 dividend. This represents a $0.12 annualized dividend and a dividend yield of 0.9%. The ex-dividend date was Wednesday, August 13th. WisdomTree's payout ratio is presently 30.77%.

Wall Street Analysts Forecast Growth

Several research analysts have commented on WT shares. Morgan Stanley lifted their price objective on shares of WisdomTree from $11.50 to $12.50 and gave the stock an "equal weight" rating in a research note on Monday, August 18th. Craig Hallum reiterated a "buy" rating on shares of WisdomTree in a research report on Monday, August 4th. Northcoast Research upgraded WisdomTree from a "neutral" rating to a "buy" rating and set a $15.00 target price for the company in a research report on Wednesday, July 2nd. Oppenheimer lifted their target price on WisdomTree from $12.00 to $15.00 and gave the stock an "outperform" rating in a research report on Tuesday, July 22nd. Finally, The Goldman Sachs Group upgraded WisdomTree from a "sell" rating to a "neutral" rating and lifted their target price for the stock from $9.50 to $11.90 in a research report on Friday, June 27th. Four analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the company. According to MarketBeat.com, WisdomTree presently has an average rating of "Moderate Buy" and a consensus target price of $13.15.

Insider Buying and Selling at WisdomTree

In related news, COO R Jarrett Lilien sold 12,500 shares of WisdomTree stock in a transaction dated Tuesday, August 26th. The stock was sold at an average price of $13.21, for a total value of $165,125.00. Following the completion of the sale, the chief operating officer directly owned 1,036,138 shares in the company, valued at $13,687,382.98. The trade was a 1.19% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. 9.30% of the stock is owned by insiders.

WisdomTree Company 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.

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