Connor Clark & Lunn Investment Management Ltd. Makes New $8.26 Million Investment in WisdomTree, Inc. $WT

Connor Clark & Lunn Investment Management Ltd. acquired a new position in WisdomTree, Inc. (NYSE:WT) in the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund acquired 487,766 shares of the company’s stock, valued at approximately $8,263,000. Connor Clark & Lunn Investment Management Ltd. owned about 0.32% of WisdomTree as of its most recent filing with the Securities and Exchange Commission.

Several other large investors have also recently modified their holdings of WT. Principal Financial Group Inc. increased its stake in shares of 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 buying an additional 1,013,658 shares during the period. Bank of America Corp DE boosted its position 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 acquiring an additional 1,972,847 shares in the last quarter. Chase Investment Counsel Corp purchased a new stake in WisdomTree in the second quarter worth $3,268,000. Capital Management Corp VA boosted its stake in WisdomTree by 108.1% during the fourth quarter. Capital Management Corp VA now owns 561,886 shares of the company’s stock worth $6,849,000 after acquiring an additional 291,851 shares in the last quarter. Finally, Wakefield Asset Management LLLP purchased a new stake in shares of WisdomTree in the 4th quarter worth approximately $1,298,000. Hedge funds and other institutional investors own 78.64% of the company’s stock.

WisdomTree Price Performance

NYSE WT opened at $24.83 on Thursday. WisdomTree, Inc. has a one year low of $10.69 and a one year high of $24.93. The stock has a 50-day moving average of $20.21 and a 200 day moving average of $18.08. The company has a market capitalization of $3.76 billion, a price-to-earnings ratio of 47.75 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.

WisdomTree (NYSE:WT) last issued its earnings results on Friday, July 31st. The company reported $0.31 earnings per share for the quarter, topping analysts’ consensus estimates 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%.WisdomTree’s revenue was up 57.3% on a year-over-year basis. During the same quarter in the previous year, the firm earned $0.18 EPS. On average, sell-side analysts forecast that WisdomTree, Inc. will post 1.18 EPS for the current year.

WisdomTree Dividend Announcement

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

Wall Street Analysts Forecast Growth

Several brokerages have recently weighed in on WT. Wall Street Zen upgraded 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 shares of WisdomTree in a research note on Wednesday, July 29th. Zacks Research cut shares of WisdomTree from a “strong-buy” rating to a “hold” rating in a report on Monday, July 27th. The Goldman Sachs Group upped their target price on shares of WisdomTree from $16.40 to $18.30 and gave the stock a “neutral” rating in a research note on Tuesday, August 4th. Finally, Northland Securities increased their price target on shares of WisdomTree from $22.00 to $26.00 and gave the company an “outperform” rating in a report on Wednesday, August 19th. Four investment analysts have rated the stock with a Buy rating and three have issued a Hold rating to the company. Based on data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus target price of $22.46.

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.