Jupiter Topco LLC Makes New $24.62 Million Investment in WisdomTree, Inc. $WT

Jupiter Topco LLC bought a new position in shares of WisdomTree, Inc. (NYSE:WT) in the 2nd quarter, Holdings Channel.com reports. The institutional investor bought 1,453,084 shares of the company’s stock, valued at approximately $24,616,000.

A number of other institutional investors and hedge funds also recently modified their holdings of the stock. BlackRock Inc. acquired a new stake in shares of WisdomTree in the 2nd quarter valued at approximately $326,513,000. Wellington Management Group LLP grew its holdings in WisdomTree by 236.5% during the third quarter. Wellington Management Group LLP now owns 9,674,630 shares of the company’s stock valued at $134,477,000 after purchasing an additional 6,799,654 shares during the period. Capital World Investors bought a new stake in WisdomTree in the fourth quarter valued at approximately $30,835,000. Bank of America Corp DE increased its stake in WisdomTree by 556.4% in the first 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. Finally, Goldman Sachs Group Inc. increased its stake in WisdomTree by 116.5% in the fourth quarter. Goldman Sachs Group Inc. now owns 3,389,653 shares of the company’s stock valued at $41,320,000 after purchasing an additional 1,823,777 shares in the last quarter. 78.64% of the stock is owned by institutional investors.

WisdomTree Stock Down 2.0%

Shares of WT stock opened at $24.53 on Friday. The firm has a fifty day moving average of $20.47 and a 200-day moving average of $18.19. 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 12-month low of $10.69 and a 12-month high of $25.89. The company has a market capitalization of $3.72 billion, a price-to-earnings ratio of 47.17 and a beta of 1.17.

WisdomTree (NYSE:WT) last posted its quarterly earnings data on Friday, July 31st. The company reported $0.31 EPS for the quarter, beating the consensus estimate of $0.26 by $0.05. The business 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 firm’s revenue was up 57.3% compared to the same quarter last year. During the same period in the previous year, the firm posted $0.18 EPS. As a group, equities research analysts predict that WisdomTree, Inc. will post 1.19 earnings per share for the current fiscal year.

WisdomTree Dividend Announcement

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

Analyst Upgrades and Downgrades

A number of brokerages have recently weighed in on WT. Oppenheimer lifted 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. Zacks Research downgraded WisdomTree from a “strong-buy” rating to a “hold” rating in a research note on Monday, July 27th. Northland Securities lifted their target price on WisdomTree from $22.00 to $26.00 and gave the stock an “outperform” rating in a report on Wednesday, August 19th. Wall Street Zen raised WisdomTree from a “hold” rating to a “buy” rating in a research note on Saturday, August 1st. Finally, Raymond James Financial restated an “outperform” rating and issued a $26.00 price target on shares of WisdomTree in a report on Thursday. Four equities research analysts have rated the stock with a Buy rating and three have given a Hold rating to the company’s stock. Based on data from MarketBeat, WisdomTree currently has a consensus rating of “Moderate Buy” and a consensus target price of $23.66.

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.