Danske Bank A S Acquires New Position in WisdomTree, Inc. $WT

Key Points

• Danske Bank initiated a position in WisdomTree during the second quarter, purchasing 668,432 shares valued at approximately $11.3 million, or about 0.44% of the company. Institutional investors collectively own 78.64% of WisdomTree.
• WisdomTree reported quarterly EPS of $0.31, beating estimates by $0.05, while revenue rose 57.3% year over year to $177.16 million. The stock was recently up 3.6% and trading near its 52-week high.
• The company declared a quarterly dividend of $0.03 per share, representing a $0.12 annualized payout and a 0.5% yield. Analysts maintain a “Moderate Buy” consensus with an average price target of $21.46.

Danske Bank A S bought a new position in WisdomTree, Inc. (NYSE:WT - Free Report) in the second quarter, according to the company in its most recent 13F filing with the SEC. The fund bought 668,432 shares of the company's stock, valued at approximately $11,323,000. Danske Bank A S owned about 0.44% of WisdomTree at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also bought and sold shares of the company. BlackRock Inc. purchased a new position in shares of WisdomTree during the second quarter worth approximately $326,513,000. Wellington Management Group LLP boosted its stake in shares of WisdomTree by 15.7% in the 4th quarter. Wellington Management Group LLP now owns 11,196,229 shares of the company's stock valued at $136,482,000 after purchasing an additional 1,521,599 shares in the last quarter. Azora Capital LP boosted its stake in shares of WisdomTree by 9.3% in the 4th quarter. Azora Capital LP now owns 6,150,111 shares of the company's stock valued at $74,970,000 after purchasing an additional 521,179 shares in the last quarter. Simcoe Capital Management LLC grew its holdings in shares of WisdomTree by 11.3% during the 4th quarter. Simcoe Capital Management LLC now owns 5,253,340 shares of the company's stock valued at $64,038,000 after purchasing an additional 535,015 shares during the last quarter. Finally, Arrowstreet Capital Limited Partnership grew its holdings in shares of WisdomTree by 41.1% during the 1st quarter. Arrowstreet Capital Limited Partnership now owns 4,134,430 shares of the company's stock valued at $60,197,000 after purchasing an additional 1,205,097 shares during the last quarter. Hedge funds and other institutional investors own 78.64% of the company's stock.

WisdomTree Stock Up 3.6%

NYSE WT opened at $23.47 on Friday. WisdomTree, Inc. has a 1 year low of $10.69 and a 1 year high of $23.54. The stock has a market capitalization of $3.56 billion, a PE ratio of 45.14 and a beta of 1.17. 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 business's 50-day moving average is $19.85 and its 200 day moving average is $17.89.

WisdomTree (NYSE:WT - Get Free Report) last announced its earnings results on Friday, July 31st. The company reported $0.31 EPS for the quarter, beating analysts' consensus estimates of $0.26 by $0.05. The company had revenue of $177.16 million during the quarter, compared to the consensus estimate of $170.62 million. WisdomTree had a return on equity of 39.12% and a net margin of 13.27%.The firm's revenue for the quarter was up 57.3% on a year-over-year basis. During the same quarter in the prior year, the company earned $0.18 earnings per share. Sell-side analysts forecast that WisdomTree, Inc. will post 1.18 earnings per share for the current year.

WisdomTree Announces Dividend

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

Wall Street Analyst Weigh In

WT has been the subject of several recent research reports. Zacks Research downgraded shares of WisdomTree from a "strong-buy" rating to a "hold" rating in a research note on Monday, July 27th. Oppenheimer raised their price objective on WisdomTree from $21.00 to $22.00 and gave the company an "outperform" rating in a research note on Monday, August 3rd. The Goldman Sachs Group lifted their price objective on WisdomTree from $16.40 to $18.30 and gave the stock a "neutral" rating in a report on Tuesday, August 4th. Morgan Stanley set a $21.00 target price on WisdomTree in a research note on Wednesday, July 29th. Finally, Northland Securities increased their target price on WisdomTree from $22.00 to $26.00 and gave the company an "outperform" rating in a report on Wednesday. Four research analysts have rated the stock with a Buy rating and three have issued a Hold rating to the stock. According to data from MarketBeat, WisdomTree presently has an average rating of "Moderate Buy" and an average price target of $21.46.

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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