Junto Capital Management LP Makes New Investment in WisdomTree, Inc. $WT

Key Points

• Junto Capital Management acquired 1.17 million WisdomTree shares worth approximately $19.8 million, representing a 0.77% stake. Institutional investors collectively own 78.64% of the company.
• Analyst sentiment remains mixed: three analysts rate WisdomTree a Buy and four rate it a Hold, with an average price target of $23.66. Northland Securities and Oppenheimer recently raised their targets to $26 and $27, respectively.
• WisdomTree reported quarterly EPS of $0.31 versus estimates of $0.26, while revenue rose 57.3% year over year to $177.16 million. The company also maintains a quarterly dividend of $0.03, equivalent to a 0.5% annual yield.

Junto Capital Management LP 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 Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 1,171,066 shares of the company's stock, valued at approximately $19,838,000. Junto Capital Management LP owned 0.77% of WisdomTree as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors have also recently made changes to their positions in the company. Nykredit A S purchased a new stake in shares of WisdomTree during the second quarter worth about $27,000. Team Financial Group LLC purchased a new position in WisdomTree during the 1st quarter valued at about $29,000. Caitong International Asset Management Co. Ltd raised its position in WisdomTree by 163.0% during the 4th quarter. Caitong International Asset Management Co. Ltd now owns 2,454 shares of the company's stock valued at $30,000 after purchasing an additional 1,521 shares during the last quarter. Quarry LP lifted its holdings in WisdomTree by 1,679.0% in the 3rd quarter. Quarry LP now owns 2,206 shares of the company's stock worth $31,000 after buying an additional 2,082 shares during the period. Finally, Quattro Advisors LLC purchased a new stake in WisdomTree in the 4th quarter worth approximately $31,000. Hedge funds and other institutional investors own 78.64% of the company's stock.

Analyst Ratings Changes

Several brokerages have commented on WT. Northland Securities upped their price objective on shares of WisdomTree from $22.00 to $26.00 and gave the stock an "outperform" rating in a report on Wednesday, August 19th. Oppenheimer increased 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. Zacks Research lowered shares of WisdomTree from a "strong-buy" rating to a "hold" rating in a report on Monday, July 27th. The Goldman Sachs Group lifted their price objective on WisdomTree from $16.40 to $18.30 and gave the company a "neutral" rating in a research report on Tuesday, August 4th. Finally, Morgan Stanley set a $21.00 target price on WisdomTree in a research note on Wednesday, July 29th. Three research analysts have rated the stock with a Buy rating and four have assigned a Hold rating to the company. According to data from MarketBeat, WisdomTree currently has an average rating of "Hold" and an average price target of $23.66.

WisdomTree Trading Down 1.8%

NYSE:WT opened at $23.97 on Thursday. The company has a current ratio of 3.00, a quick ratio of 2.73 and a debt-to-equity ratio of 2.53. WisdomTree, Inc. has a 12 month low of $10.69 and a 12 month high of $25.91. The company has a market cap of $3.63 billion, a PE ratio of 46.10 and a beta of 1.20. The company has a 50 day simple moving average of $21.56 and a two-hundred day simple moving average of $18.65.

WisdomTree (NYSE:WT - Get Free Report) last released its quarterly earnings results 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 for the quarter, compared to analysts' expectations of $170.62 million. During the same period in the prior year, the firm earned $0.18 EPS. The company's revenue was up 57.3% compared to the same quarter last year. Research analysts forecast that WisdomTree, Inc. will post 1.19 earnings per share for the current year.

WisdomTree Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, August 26th. Investors of record on Wednesday, August 12th were issued a $0.03 dividend. The ex-dividend date of this dividend was Wednesday, August 12th. This represents a $0.12 dividend on an annualized basis and a dividend yield of 0.5%. WisdomTree's dividend payout ratio (DPR) is presently 23.08%.

About WisdomTree

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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