Quantbot Technologies LP Buys Shares of 77,903 WisdomTree, Inc. $WT

Quantbot Technologies LP bought a new stake in WisdomTree, Inc. (NYSE:WT) in the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor bought 77,903 shares of the company’s stock, valued at approximately $1,320,000. Quantbot Technologies LP owned approximately 0.05% of WisdomTree as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also modified their holdings of WT. Team Financial Group LLC acquired a new position in WisdomTree during the first quarter valued at $29,000. Caitong International Asset Management Co. Ltd boosted its position in WisdomTree by 163.0% during the 4th quarter. Caitong International Asset Management Co. Ltd now owns 2,454 shares of the company’s stock worth $30,000 after acquiring an additional 1,521 shares during the period. Quarry LP boosted its position in WisdomTree by 1,679.0% during the 3rd quarter. Quarry LP now owns 2,206 shares of the company’s stock worth $31,000 after acquiring an additional 2,082 shares during the period. Quattro Advisors LLC purchased a new position in WisdomTree during the 4th quarter valued at about $31,000. Finally, Hantz Financial Services Inc. increased its holdings in shares of WisdomTree by 84.1% in the 4th quarter. Hantz Financial Services Inc. now owns 2,929 shares of the company’s stock valued at $36,000 after purchasing an additional 1,338 shares during the period. Institutional investors and hedge funds own 78.64% of the company’s stock.

WisdomTree Trading Up 1.3%

NYSE:WT opened at $24.16 on Wednesday. The company has a market capitalization of $3.66 billion, a P/E ratio of 46.46 and a beta of 1.17. The stock’s 50 day moving average price is $20.07 and its 200 day moving average price is $18.01. 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, Inc. has a 52 week low of $10.69 and a 52 week high of $24.22.

WisdomTree (NYSE:WT) last posted its earnings results on Friday, July 31st. The company reported $0.31 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.26 by $0.05. WisdomTree had a net margin of 13.27% and a return on equity of 39.12%. The firm had revenue of $177.16 million during the quarter, compared to analysts’ expectations of $170.62 million. During the same period in the previous year, the company earned $0.18 earnings per share. The company’s revenue was up 57.3% compared to the same quarter last year. On average, research analysts forecast that WisdomTree, Inc. will post 1.18 EPS for the current fiscal year.

WisdomTree Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, August 26th. Investors of record on Wednesday, August 12th will be issued a $0.03 dividend. The ex-dividend date is Wednesday, August 12th. This represents a $0.12 dividend on an annualized basis and a yield of 0.5%. WisdomTree’s dividend payout ratio is currently 23.08%.

Analysts Set New Price Targets

WT has been the topic of a number of research analyst reports. Morgan Stanley set a $21.00 price objective on shares of WisdomTree in a research report on Wednesday, July 29th. The Goldman Sachs Group lifted their target price on shares of WisdomTree from $16.40 to $18.30 and gave the company a “neutral” rating in a research note on Tuesday, August 4th. Zacks Research cut shares of WisdomTree from a “strong-buy” rating to a “hold” rating in a report on Monday, July 27th. Oppenheimer upped their price target on shares of WisdomTree from $21.00 to $22.00 and gave the stock an “outperform” rating in a research note on Monday, August 3rd. Finally, Northland Securities increased their price objective on WisdomTree from $22.00 to $26.00 and gave the stock an “outperform” rating in a report on Wednesday, August 19th. Four equities research analysts have rated the stock with a Buy rating and three have given a Hold rating to the company. According to data from MarketBeat, WisdomTree currently has a consensus rating of “Moderate Buy” and a consensus target price of $21.46.

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.