WisdomTree, Inc. $WT Stock Position Boosted by Odyssean LLC

Odyssean LLC raised its stake in shares of WisdomTree, Inc. (NYSE:WT) by 89.0% during the 2nd quarter, Holdings Channel reports. The institutional investor owned 165,432 shares of the company’s stock after buying an additional 77,923 shares during the period. Odyssean LLC’s holdings in WisdomTree were worth $2,802,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. BlackRock Inc. bought a new stake in WisdomTree during the second quarter worth approximately $326,513,000. Principal Financial Group Inc. lifted its position in WisdomTree by 101.8% in the first quarter. Principal Financial Group Inc. now owns 2,009,556 shares of the company’s stock worth $29,259,000 after purchasing an additional 1,013,658 shares during the period. Bank of America Corp DE boosted its stake in WisdomTree by 556.4% during 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 purchasing an additional 1,972,847 shares in the last quarter. Chase Investment Counsel Corp bought a new position in WisdomTree during the 2nd quarter valued at $3,268,000. Finally, Wakefield Asset Management LLLP acquired a new position in shares of WisdomTree during the 4th quarter valued at $1,298,000. 78.64% of the stock is currently owned by institutional investors.

WisdomTree Price Performance

NYSE WT opened at $24.92 on Friday. WisdomTree, Inc. has a 1 year low of $10.69 and a 1 year high of $25.91. The business’s fifty day moving average is $21.12 and its two-hundred day moving average is $18.47. The stock 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 debt-to-equity ratio of 2.53, a quick ratio of 2.73 and a current ratio of 3.00.

WisdomTree (NYSE:WT) last released 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 business had revenue of $177.16 million during the quarter, compared to analyst estimates of $170.62 million. WisdomTree had a return on equity of 39.12% and a net margin of 13.27%.The company’s revenue was up 57.3% compared to the same quarter last year. During the same period last year, the company posted $0.18 EPS. On average, research analysts forecast that WisdomTree, Inc. will post 1.19 earnings per share for the current fiscal year.

WisdomTree Announces Dividend

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

Analysts Set New Price Targets

WT has been the topic of a number of research reports. Raymond James Financial reissued an “outperform” rating and issued a $26.00 price objective on shares of WisdomTree in a research note on Thursday, August 27th. Morgan Stanley set a $21.00 target price on WisdomTree in a research note on Wednesday, July 29th. Zacks Research lowered WisdomTree from a “strong-buy” rating to a “hold” rating in a report on Monday, July 27th. Weiss Ratings cut shares of WisdomTree from a “buy (b-)” rating to a “hold (c+)” rating in a research report on Wednesday. Finally, Oppenheimer upped their price target on shares of WisdomTree from $22.00 to $27.00 and gave the company an “outperform” rating in a report on Wednesday, August 26th. Three investment analysts have rated the stock with a Buy rating and four have given a Hold rating to the stock. According to data from MarketBeat, the company has an average rating of “Hold” and a consensus price target of $23.66.

WisdomTree Company 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.