Corient Private Wealth LP Takes $1.78 Million Position in WisdomTree, Inc. $WT

Corient Private Wealth LP bought a new stake in WisdomTree, Inc. (NYSE:WT) during the second quarter, according to its most recent disclosure with the SEC. The firm bought 104,858 shares of the company’s stock, valued at approximately $1,776,000.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Clearstead Trust LLC purchased a new stake in WisdomTree in the second quarter valued at $92,000. Team Financial Group LLC purchased a new stake in shares of WisdomTree in the 1st quarter valued at about $29,000. Quarry LP lifted its holdings in shares of WisdomTree by 1,679.0% in the 3rd quarter. Quarry LP now owns 2,206 shares of the company’s stock valued at $31,000 after purchasing an additional 2,082 shares during the last quarter. Caitong International Asset Management Co. Ltd boosted its position 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 purchasing an additional 1,521 shares during the period. Finally, Quattro Advisors LLC acquired a new stake in shares of WisdomTree in the 4th quarter valued at about $31,000. 78.64% of the stock is currently owned by institutional investors and hedge funds.

WisdomTree Stock Performance

NYSE WT opened at $24.80 on Friday. The company has a quick ratio of 2.73, a current ratio of 3.00 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. The business’s 50-day moving average price is $20.97 and its 200 day moving average price is $18.43. The firm has a market cap of $3.76 billion, a P/E ratio of 47.69 and a beta of 1.20.

WisdomTree (NYSE:WT) last issued its quarterly earnings results on Friday, July 31st. The company reported $0.31 earnings per share (EPS) for the quarter, beating 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 return on equity of 39.12% and a net margin of 13.27%.The firm’s revenue for the quarter was up 57.3% on a year-over-year basis. During the same quarter in the previous year, the firm 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 Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Wednesday, August 26th. Shareholders of record on Wednesday, August 12th were paid a $0.03 dividend. This represents a $0.12 annualized dividend and a dividend yield of 0.5%. The ex-dividend date was Wednesday, August 12th. WisdomTree’s dividend payout ratio (DPR) is 23.08%.

Wall Street Analyst Weigh In

A number of research analysts recently issued reports on the company. Morgan Stanley set a $21.00 price target on WisdomTree in a research note on Wednesday, July 29th. Weiss Ratings raised WisdomTree from a “hold (c)” rating to a “buy (b-)” rating in a report on Wednesday, August 19th. The Goldman Sachs Group raised their target price on shares of WisdomTree from $16.40 to $18.30 and gave the stock a “neutral” rating in a research report on Tuesday, August 4th. Raymond James Financial reaffirmed an “outperform” rating and issued a $26.00 target price on shares of WisdomTree in a report on Thursday, August 27th. Finally, Northland Securities upped their price target on shares of WisdomTree from $22.00 to $26.00 and gave the company an “outperform” rating in a research report on Wednesday, August 19th. Four investment analysts have rated the stock with a Buy rating and three have given a Hold rating to the stock. Based on data from MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus target price of $23.66.

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.