Deutsche Bank AG Invests $2.36 Million in WisdomTree, Inc. $WT

Key Points

• Deutsche Bank purchased 139,195 WisdomTree shares worth approximately $2.36 million, while institutional investors collectively owned 78.64% of the company.
• Analyst sentiment is favorable, with a consensus “Moderate Buy” rating and an average price target of $23.66; several firms recently raised their targets to between $26 and $27.
• WisdomTree exceeded quarterly expectations, reporting $0.31 in earnings per share and $177.16 million in revenue, up 57.3% year over year. The company also maintains a quarterly dividend of $0.03 per share.

Deutsche Bank AG purchased a new position in WisdomTree, Inc. (NYSE:WT - Free Report) during the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund purchased 139,195 shares of the company's stock, valued at approximately $2,358,000. Deutsche Bank AG owned 0.09% of WisdomTree at the end of the most recent quarter.

Several other institutional investors have also bought and sold shares of WT. Principal Financial Group Inc. boosted its position in WisdomTree by 101.8% during the first quarter. Principal Financial Group Inc. now owns 2,009,556 shares of the company's stock worth $29,259,000 after purchasing an additional 1,013,658 shares during the period. Bank of America Corp DE lifted its stake in shares of WisdomTree by 556.4% during the 1st quarter. Bank of America Corp DE now owns 2,327,389 shares of the company's stock valued at $33,887,000 after buying an additional 1,972,847 shares in the last quarter. Chase Investment Counsel Corp purchased a new stake in shares of WisdomTree during the 2nd quarter valued at approximately $3,268,000. Capital Management Corp VA boosted its holdings in WisdomTree by 108.1% in the 4th quarter. Capital Management Corp VA now owns 561,886 shares of the company's stock worth $6,849,000 after buying an additional 291,851 shares during the period. Finally, Wakefield Asset Management LLLP purchased a new position in WisdomTree in the 4th quarter valued at approximately $1,298,000. Hedge funds and other institutional investors own 78.64% of the company's stock.

Wall Street Analyst Weigh In

Several equities research analysts have issued reports on WT shares. The Goldman Sachs Group increased their target price on WisdomTree from $16.40 to $18.30 and gave the stock a "neutral" rating in a research report on Tuesday, August 4th. Northland Securities lifted their price target on WisdomTree from $22.00 to $26.00 and gave the company an "outperform" rating in a research report on Wednesday, August 19th. Zacks Research lowered WisdomTree from a "strong-buy" rating to a "hold" rating in a research note on Monday, July 27th. Oppenheimer increased their price objective on WisdomTree from $22.00 to $27.00 and gave the stock an "outperform" rating in a report on Wednesday. Finally, Weiss Ratings upgraded WisdomTree from a "hold (c)" rating to a "buy (b-)" rating in a research note on Wednesday, August 19th. Four investment analysts have rated the stock with a Buy rating and three have issued a Hold rating to the stock. Based on data from MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and an average price target of $23.66.

WisdomTree Stock Up 0.9%

Shares of NYSE WT opened at $24.99 on Friday. The stock has a market capitalization of $3.79 billion, a P/E ratio of 48.06 and a beta of 1.17. The firm's 50 day simple moving average is $20.34 and its two-hundred day simple moving average is $18.14. WisdomTree, Inc. has a one year low of $10.69 and a one year high of $25.53. The company has a debt-to-equity ratio of 2.53, a current ratio of 3.00 and a quick ratio of 2.73.

WisdomTree (NYSE:WT - Get Free Report) last announced its quarterly earnings data on Friday, July 31st. The company reported $0.31 earnings per share for the quarter, beating 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 firm had revenue of $177.16 million during the quarter, compared to the consensus estimate of $170.62 million. During the same quarter in the previous year, the company posted $0.18 earnings per share. The business's revenue was up 57.3% on a year-over-year basis. As a group, analysts expect that WisdomTree, Inc. will post 1.18 EPS for the current fiscal year.

WisdomTree Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Wednesday, August 26th. Stockholders of record on Wednesday, August 12th were given a $0.03 dividend. This represents a $0.12 dividend on an annualized basis and a dividend yield of 0.5%. The ex-dividend date of this dividend was Wednesday, August 12th. WisdomTree's payout ratio is currently 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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