Danske Bank A S Takes $11.32 Million Position in WisdomTree, Inc. $WT

Danske Bank A S purchased a new position in WisdomTree, Inc. (NYSE:WT) during the second quarter, HoldingsChannel.com reports. The fund purchased 668,432 shares of the company’s stock, valued at approximately $11,323,000.

Several other hedge funds and other institutional investors also recently made changes to their positions in the stock. Clearstead Trust LLC purchased a new stake in WisdomTree during the 2nd quarter valued at about $92,000. Team Financial Group LLC bought a new position in WisdomTree during the first quarter valued at approximately $29,000. Quarry LP lifted its holdings in WisdomTree by 1,679.0% in the third quarter. Quarry LP now owns 2,206 shares of the company’s stock valued at $31,000 after acquiring an additional 2,082 shares during the period. Caitong International Asset Management Co. Ltd boosted its position in WisdomTree by 163.0% in the fourth quarter. Caitong International Asset Management Co. Ltd now owns 2,454 shares of the company’s stock worth $30,000 after purchasing an additional 1,521 shares during the last quarter. Finally, Quattro Advisors LLC purchased a new position in WisdomTree in the fourth quarter worth about $31,000. Hedge funds and other institutional investors own 78.64% of the company’s stock.

WisdomTree Trading Up 3.6%

Shares of WisdomTree stock opened at $23.47 on Friday. The company has a market capitalization of $3.56 billion, a P/E ratio of 45.14 and a beta of 1.17. The company has a debt-to-equity ratio of 2.53, a quick ratio of 2.73 and a current ratio of 3.00. The company has a fifty day moving average of $19.85 and a 200 day moving average of $17.89. WisdomTree, Inc. has a fifty-two week low of $10.69 and a fifty-two week high of $23.54.

WisdomTree (NYSE:WT) last posted its quarterly earnings results on Friday, July 31st. The company reported $0.31 EPS for the quarter, beating analysts’ consensus estimates 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 for the quarter, compared to analysts’ expectations of $170.62 million. During the same period last year, the firm earned $0.18 earnings per share. The business’s quarterly revenue was up 57.3% on a year-over-year basis. On average, sell-side analysts anticipate that WisdomTree, Inc. will post 1.18 earnings per share for the current fiscal year.

WisdomTree Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, August 26th. Investors of record on Wednesday, August 12th will be 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 is Wednesday, August 12th. WisdomTree’s dividend payout ratio (DPR) is 23.08%.

Analysts Set New Price Targets

A number of equities research analysts have recently issued reports on the stock. Oppenheimer boosted their price objective on shares of WisdomTree from $21.00 to $22.00 and gave the company an “outperform” rating in a research report on Monday, August 3rd. The Goldman Sachs Group lifted their target price on WisdomTree from $16.40 to $18.30 and gave the company a “neutral” rating in a research report on Tuesday, August 4th. Wall Street Zen raised WisdomTree from a “hold” rating to a “buy” rating in a report on Saturday, August 1st. Morgan Stanley set a $21.00 price target on WisdomTree in a research report on Wednesday, July 29th. Finally, Zacks Research cut WisdomTree from a “strong-buy” rating to a “hold” rating in a research report on Monday, July 27th. Four investment analysts have rated the stock with a Buy rating and three have given a Hold rating to the company. According to MarketBeat, WisdomTree has a consensus rating of “Moderate Buy” and a consensus price target of $21.46.

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.