Man Group plc bought a new position in shares of WisdomTree, Inc. (NYSE:WT – Free Report) during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund bought 30,664 shares of the company’s stock, valued at approximately $519,000.
A number of other institutional investors also recently made changes to their positions in WT. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC increased its stake in shares of WisdomTree by 2.8% in the first quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 456,990 shares of the company’s stock worth $4,076,000 after buying an additional 12,402 shares during the last quarter. Jane Street Group LLC grew its stake in WisdomTree by 379.3% in the first quarter. Jane Street Group LLC now owns 880,977 shares of the company’s stock worth $7,858,000 after purchasing an additional 697,156 shares in the last quarter. Arrowstreet Capital Limited Partnership raised its stake in WisdomTree by 35.5% during the second quarter. Arrowstreet Capital Limited Partnership now owns 301,138 shares of the company’s stock valued at $3,466,000 after buying an additional 78,837 shares in the last quarter. Sei Investments Co. grew its position in shares of WisdomTree by 722.3% in the 2nd quarter. Sei Investments Co. now owns 93,039 shares of the company’s stock worth $1,071,000 after acquiring an additional 81,725 shares in the last quarter. Finally, AQR Capital Management LLC increased its holdings in shares of WisdomTree by 20.0% in the 2nd quarter. AQR Capital Management LLC now owns 482,313 shares of the company’s stock valued at $5,551,000 after acquiring an additional 80,361 shares during the last quarter. 78.64% of the stock is owned by institutional investors and hedge funds.
Wall Street Analyst Weigh In
WT has been the topic of a number of recent research reports. Oppenheimer raised their price target on shares of WisdomTree from $22.00 to $27.00 and gave the stock an “outperform” rating in a research report on Wednesday, August 26th. Wall Street Zen raised shares of WisdomTree from a “hold” rating to a “buy” rating in a report on Saturday, August 1st. Morgan Stanley set a $21.00 price objective on shares of WisdomTree in a research report on Wednesday, July 29th. Weiss Ratings upgraded WisdomTree from a “hold (c)” rating to a “buy (b-)” rating in a research report on Wednesday, August 19th. Finally, Raymond James Financial reiterated an “outperform” rating and set a $26.00 price target on shares of WisdomTree in a research report on Thursday, August 27th. Four investment analysts have rated the stock with a Buy rating and three have issued a Hold rating to the stock. According to data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average target price of $23.66.
WisdomTree Stock Performance
Shares of WT opened at $24.80 on Friday. 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 stock has a market cap of $3.76 billion, a price-to-earnings ratio of 47.69 and a beta of 1.20. WisdomTree, Inc. has a one year low of $10.69 and a one year high of $25.91. The company has a 50-day moving average of $20.97 and a two-hundred day moving average of $18.43.
WisdomTree (NYSE:WT – Get Free Report) last posted its quarterly earnings data on Friday, July 31st. The company reported $0.31 earnings per share for the quarter, topping the consensus estimate of $0.26 by $0.05. The firm had revenue of $177.16 million for the quarter, compared to analysts’ expectations of $170.62 million. WisdomTree had a net margin of 13.27% and a return on equity of 39.12%. The company’s quarterly revenue was up 57.3% compared to the same quarter last year. During the same period in the previous year, the company posted $0.18 EPS. On average, equities research analysts expect that WisdomTree, Inc. will post 1.19 earnings per share for the current year.
WisdomTree Dividend Announcement
The firm also recently announced a quarterly dividend, which was paid on Wednesday, August 26th. Shareholders of record on Wednesday, August 12th were paid a dividend of $0.03 per share. This represents a $0.12 annualized dividend and a yield of 0.5%. The ex-dividend date of this dividend was Wednesday, August 12th. WisdomTree’s payout ratio is 23.08%.
WisdomTree 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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