Junto Capital Management LP Takes Position in WisdomTree, Inc. $WT

Junto Capital Management LP bought a new stake in shares of WisdomTree, Inc. (NYSE:WT) during the second quarter, HoldingsChannel.com reports. The institutional investor bought 1,171,066 shares of the company’s stock, valued at approximately $19,838,000.

Several other institutional investors have also recently made changes to their positions in the business. Russell Investments Group Ltd. lifted its stake in WisdomTree by 3.9% in the 4th quarter. Russell Investments Group Ltd. now owns 20,605 shares of the company’s stock worth $251,000 after purchasing an additional 778 shares in the last quarter. Clearstead Trust LLC bought a new position in WisdomTree during the second quarter valued at $92,000. Pictet Asset Management Holding SA grew its holdings in WisdomTree by 5.3% during the 1st quarter. Pictet Asset Management Holding SA now owns 21,947 shares of the company’s stock valued at $320,000 after purchasing an additional 1,108 shares during the last quarter. Osaic Holdings Inc. raised its holdings in shares of WisdomTree by 1.5% in the second quarter. Osaic Holdings Inc. now owns 87,126 shares of the company’s stock worth $1,003,000 after buying an additional 1,266 shares during the period. Finally, Illinois Municipal Retirement Fund lifted its position in shares of WisdomTree by 2.1% during the fourth quarter. Illinois Municipal Retirement Fund now owns 61,799 shares of the company’s stock worth $753,000 after purchasing an additional 1,281 shares during the last quarter. Hedge funds and other institutional investors own 78.64% of the company’s stock.

Wall Street Analysts Forecast Growth

WT has been the topic of a number of recent research reports. Zacks Research downgraded WisdomTree from a “strong-buy” rating to a “hold” rating in a research report on Monday, July 27th. Weiss Ratings downgraded shares of WisdomTree from a “buy (b-)” rating to a “hold (c+)” rating in a research report on Wednesday, September 2nd. Oppenheimer increased their price objective on shares of WisdomTree from $22.00 to $27.00 and gave the stock an “outperform” rating in a research note on Wednesday, August 26th. Northland Securities boosted their price target on WisdomTree from $22.00 to $26.00 and gave the company an “outperform” rating in a report on Wednesday, August 19th. Finally, Morgan Stanley set a $21.00 target price on shares of WisdomTree in a research note on Wednesday, July 29th. Three research analysts have rated the stock with a Buy rating and four have given a Hold rating to the stock. According to MarketBeat, WisdomTree presently has a consensus rating of “Hold” and an average target price of $23.66.

WisdomTree Stock Performance

Shares of NYSE:WT opened at $23.97 on Thursday. The company has a debt-to-equity ratio of 2.53, a current ratio of 3.00 and a quick ratio of 2.73. The business’s 50 day moving average price is $21.56 and its 200-day moving average price is $18.65. The firm has a market capitalization of $3.63 billion, a PE ratio of 46.10 and a beta of 1.20. WisdomTree, Inc. has a 1 year low of $10.69 and a 1 year high of $25.91.

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 firm had revenue of $177.16 million during the quarter, compared to the consensus estimate of $170.62 million. WisdomTree had a return on equity of 39.12% and a net margin of 13.27%.The firm’s revenue was up 57.3% compared to the same quarter last year. During the same period in the prior year, the company earned $0.18 EPS. As a group, equities research analysts expect that WisdomTree, Inc. will post 1.19 earnings per share for the current fiscal 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 issued a $0.03 dividend. This represents a $0.12 annualized dividend and a yield of 0.5%. The ex-dividend date was Wednesday, August 12th. WisdomTree’s dividend payout ratio is presently 23.08%.

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.