XTX Topco Ltd Acquires 72,523 Shares of WisdomTree, Inc. (NYSE:WT)

Key Points

• XTX Topco Ltd increased its holdings in WisdomTree, Inc. by 88.9%, owning approximately 0.10% of the company with 154,068 shares valued at $1,374,000.
• WisdomTree reported earnings of $0.18 per share for the last quarter, matching analyst estimates, and experienced a 5.2% revenue increase year-over-year to $112.60 million.
• Analysts have shown a positive outlook for WisdomTree, with multiple upgrades resulting in a consensus target price of $12.90 and a rating of "Moderate Buy."

XTX Topco Ltd increased its position in shares of WisdomTree, Inc. (NYSE:WT - Free Report) by 88.9% during the first quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 154,068 shares of the company's stock after buying an additional 72,523 shares during the quarter. XTX Topco Ltd owned about 0.10% of WisdomTree worth $1,374,000 as of its most recent SEC filing.

A number of other institutional investors have also modified their holdings of the business. American Century Companies Inc. boosted its stake in shares of WisdomTree by 14.4% during the fourth quarter. American Century Companies Inc. now owns 332,404 shares of the company's stock valued at $3,490,000 after acquiring an additional 41,737 shares during the last quarter. KLP Kapitalforvaltning AS acquired a new position in WisdomTree during the 4th quarter valued at approximately $234,000. LPL Financial LLC bought a new stake in WisdomTree in the 4th quarter valued at about $132,000. JPMorgan Chase & Co. raised its holdings in shares of WisdomTree by 157.4% during the fourth quarter. JPMorgan Chase & Co. now owns 880,489 shares of the company's stock valued at $9,245,000 after buying an additional 538,385 shares during the last quarter. Finally, Norges Bank acquired a new position in shares of WisdomTree during the fourth quarter worth approximately $918,000. 78.64% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

A number of equities analysts recently commented on the stock. Morgan Stanley raised their price objective on shares of WisdomTree from $9.75 to $11.00 and gave the stock an "equal weight" rating in a research note on Wednesday, July 2nd. The Goldman Sachs Group raised WisdomTree from a "sell" rating to a "neutral" rating and boosted their target price for the stock from $9.50 to $11.90 in a report on Friday, June 27th. Oppenheimer increased their target price on WisdomTree from $12.00 to $15.00 and gave the stock an "outperform" rating in a report on Tuesday, July 22nd. Finally, Northcoast Research upgraded shares of WisdomTree from a "neutral" rating to a "buy" rating and set a $15.00 price target on the stock in a research report on Wednesday, July 2nd. Three analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. Based on data from MarketBeat, the company presently has an average rating of "Moderate Buy" and a consensus price target of $12.90.

WisdomTree Stock Performance

Shares of WisdomTree stock traded up $0.07 during mid-day trading on Tuesday, hitting $12.80. 1,015,191 shares of the stock were exchanged, compared to its average volume of 1,925,654. The company has a market capitalization of $1.88 billion, a P/E ratio of 32.81 and a beta of 1.16. The company has a debt-to-equity ratio of 0.82, a quick ratio of 1.04 and a current ratio of 1.44. The company has a 50-day simple moving average of $11.52 and a 200 day simple moving average of $9.91. WisdomTree, Inc. has a 12 month low of $7.47 and a 12 month high of $13.76.

WisdomTree (NYSE:WT - Get Free Report) last posted its quarterly earnings data on Thursday, July 31st. The company reported $0.18 earnings per share (EPS) for the quarter, meeting the consensus estimate of $0.18. The company had revenue of $112.60 million during the quarter, compared to analyst estimates 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 quarter last year, the company earned $0.16 earnings per share. Sell-side analysts anticipate that WisdomTree, Inc. will post 0.72 earnings per share for the current fiscal year.

WisdomTree Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Wednesday, August 27th. Stockholders of record on Wednesday, August 13th will be issued a dividend of $0.03 per share. This represents a $0.12 dividend on an annualized basis and a dividend yield of 0.9%. The ex-dividend date of this dividend is Wednesday, August 13th. WisdomTree's dividend payout ratio (DPR) is presently 30.77%.

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.