WisdomTree, Inc. $WT Holdings Raised by Odyssean LLC

Key Points

• Odyssean LLC increased its WisdomTree stake by 89% in the second quarter, bringing its holdings to 165,432 shares valued at approximately $2.8 million. Institutional investors collectively own 78.64% of the company.
• Analyst sentiment remains mixed, with a consensus rating of “Hold” and an average price target of $23.66, despite several firms raising targets and maintaining “Outperform” or “Buy” ratings.
• WisdomTree reported strong quarterly results, with EPS of $0.31 versus the $0.26 estimate and revenue up 57.3% year over year to $177.16 million. The company also paid a $0.03 quarterly dividend, equal to a 0.5% annualized yield.

Odyssean LLC increased its position in shares of WisdomTree, Inc. (NYSE:WT - Free Report) by 89.0% during the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 165,432 shares of the company's stock after purchasing an additional 77,923 shares during the quarter. Odyssean LLC owned 0.11% of WisdomTree worth $2,802,000 at the end of the most recent reporting period.

Other institutional investors have also recently added to or reduced their stakes in the company. Team Financial Group LLC bought a new position in shares of WisdomTree in the 1st quarter worth about $29,000. Caitong International Asset Management Co. Ltd boosted its holdings in shares of WisdomTree by 163.0% in the 4th quarter. Caitong International Asset Management Co. Ltd now owns 2,454 shares of the company's stock valued at $30,000 after buying an additional 1,521 shares during the period. Quarry LP grew its position in shares of WisdomTree by 1,679.0% during the 3rd quarter. Quarry LP now owns 2,206 shares of the company's stock valued at $31,000 after buying an additional 2,082 shares during the last quarter. Quattro Advisors LLC bought a new stake in shares of WisdomTree during the 4th quarter valued at about $31,000. Finally, Hantz Financial Services Inc. raised its stake in WisdomTree by 84.1% during the fourth quarter. Hantz Financial Services Inc. now owns 2,929 shares of the company's stock worth $36,000 after acquiring an additional 1,338 shares during the period. Institutional investors own 78.64% of the company's stock.

Wall Street Analyst Weigh In

WT has been the subject of a number of research reports. Northland Securities lifted their target price on WisdomTree from $22.00 to $26.00 and gave the company an "outperform" rating in a research note on Wednesday, August 19th. Wall Street Zen raised WisdomTree from a "hold" rating to a "buy" rating in a report on Saturday, August 1st. Oppenheimer boosted their price objective on WisdomTree from $22.00 to $27.00 and gave the company an "outperform" rating in a research report on Wednesday, August 26th. The Goldman Sachs Group upped their price objective on WisdomTree from $16.40 to $18.30 and gave the stock a "neutral" rating in a research note on Tuesday, August 4th. Finally, Raymond James Financial reaffirmed an "outperform" rating and issued a $26.00 target price on shares of WisdomTree in a research report on Thursday, August 27th. Three investment analysts have rated the stock with a Buy rating and four have issued a Hold rating to the company. According to data from MarketBeat.com, WisdomTree has a consensus rating of "Hold" and a consensus target price of $23.66.

WisdomTree Price Performance

Shares of NYSE:WT opened at $24.92 on Friday. The firm's 50 day moving average is $21.12 and its two-hundred day moving average is $18.47. The firm has a market capitalization of $3.78 billion, a P/E ratio of 47.92 and a beta of 1.20. 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 52 week low of $10.69 and a 52 week high of $25.91.

WisdomTree (NYSE:WT - Get Free Report) last issued its quarterly earnings data on Friday, July 31st. The company reported $0.31 earnings per share (EPS) for the quarter, topping 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 business had revenue of $177.16 million during the quarter, compared to the consensus estimate of $170.62 million. During the same period in the previous year, the firm posted $0.18 earnings per share. The business's revenue was up 57.3% on a year-over-year basis. Analysts anticipate that WisdomTree, Inc. will post 1.19 earnings per share for the current year.

WisdomTree Announces Dividend

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