BlackRock Inc. Takes Position in WisdomTree, Inc. $WT

BlackRock Inc. bought a new stake in shares of WisdomTree, Inc. (NYSE:WT) during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund bought 19,274,687 shares of the company’s stock, valued at approximately $326,513,000. BlackRock Inc. owned approximately 0.13% of WisdomTree as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds and other institutional investors have also recently modified their holdings of the stock. Principal Financial Group Inc. lifted its stake in shares of WisdomTree by 101.8% in the 1st quarter. Principal Financial Group Inc. now owns 2,009,556 shares of the company’s stock valued at $29,259,000 after purchasing an additional 1,013,658 shares during the last quarter. Bank of America Corp DE boosted its holdings in shares of WisdomTree by 556.4% in 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 WisdomTree in the second quarter valued at approximately $3,268,000. Capital Management Corp VA raised its holdings in shares of WisdomTree by 108.1% in the fourth quarter. Capital Management Corp VA now owns 561,886 shares of the company’s stock valued at $6,849,000 after buying an additional 291,851 shares during the last quarter. Finally, Wakefield Asset Management LLLP acquired a new stake in shares of WisdomTree during the fourth quarter worth $1,298,000. Institutional investors own 78.64% of the company’s stock.

WisdomTree Stock Up 2.9%

NYSE:WT opened at $24.83 on Thursday. WisdomTree, Inc. has a 1-year low of $10.69 and a 1-year high of $24.93. The company has a current ratio of 3.00, a quick ratio of 2.73 and a debt-to-equity ratio of 2.53. The firm has a market capitalization of $3.76 billion, a price-to-earnings ratio of 47.75 and a beta of 1.17. The business’s fifty day moving average price is $20.21 and its 200 day moving average price is $18.08.

WisdomTree (NYSE:WT) last posted its earnings results on Friday, July 31st. The company reported $0.31 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.26 by $0.05. WisdomTree had a net margin of 13.27% and a return on equity of 39.12%. The firm had revenue of $177.16 million during the quarter, compared to analysts’ expectations of $170.62 million. During the same period in the previous year, the company earned $0.18 earnings per share. The company’s revenue was up 57.3% compared to the same quarter last year. On average, sell-side analysts forecast that WisdomTree, Inc. will post 1.18 earnings per share for the current fiscal year.

WisdomTree Dividend Announcement

The firm also recently declared 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. The ex-dividend date was Wednesday, August 12th. This represents a $0.12 dividend on an annualized basis and a yield of 0.5%. WisdomTree’s dividend payout ratio (DPR) is currently 23.08%.

Analysts Set New Price Targets

A number of equities research analysts recently commented on the stock. Zacks Research cut shares of WisdomTree from a “strong-buy” rating to a “hold” rating in a research note on Monday, July 27th. Wall Street Zen raised shares of WisdomTree from a “hold” rating to a “buy” rating in a research note on Saturday, August 1st. The Goldman Sachs Group raised 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. Weiss Ratings raised WisdomTree from a “hold (c)” rating to a “buy (b-)” rating in a report on Wednesday, August 19th. Finally, Morgan Stanley set a $21.00 price objective on shares of WisdomTree in a report on Wednesday, July 29th. Four investment analysts have rated the stock with a Buy rating and three have issued a Hold rating to the stock. According to MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average price target of $22.46.

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.