The Manufacturers Life Insurance Company Acquires Shares of 62,620 WisdomTree, Inc. $WT

The Manufacturers Life Insurance Company bought a new stake in WisdomTree, Inc. (NYSE:WT) during the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor bought 62,620 shares of the company’s stock, valued at approximately $1,061,000.

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

WisdomTree Price Performance

Shares of WT stock opened at $24.92 on Friday. WisdomTree, Inc. has a twelve month low of $10.69 and a twelve month high of $25.91. The stock has a market capitalization of $3.78 billion, a price-to-earnings ratio of 47.92 and a beta of 1.20. The stock has a fifty day simple moving average of $21.12 and a two-hundred day simple moving average of $18.47. The company has a current ratio of 3.00, a quick ratio of 2.73 and a debt-to-equity ratio of 2.53.

WisdomTree (NYSE:WT) last posted its quarterly earnings results on Friday, July 31st. The company reported $0.31 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.26 by $0.05. The business had revenue of $177.16 million for 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 business’s revenue was up 57.3% compared to the same quarter last year. During the same quarter in the prior year, the company earned $0.18 EPS. On average, analysts predict that WisdomTree, Inc. will post 1.19 EPS for the current fiscal year.

WisdomTree Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Wednesday, August 26th. Shareholders of record on Wednesday, August 12th were issued a dividend of $0.03 per share. 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%.

Wall Street Analyst Weigh In

A number of brokerages recently issued reports on WT. Wall Street Zen raised WisdomTree from a “hold” rating to a “buy” rating in a research note on Saturday, August 1st. Zacks Research lowered WisdomTree from a “strong-buy” rating to a “hold” rating in a research note on Monday, July 27th. Northland Securities boosted their target price on shares of WisdomTree from $22.00 to $26.00 and gave the company an “outperform” rating in a research note on Wednesday, August 19th. Raymond James Financial restated an “outperform” rating and issued a $26.00 price target on shares of WisdomTree in a report on Thursday, August 27th. Finally, Morgan Stanley set a $21.00 price objective on shares of WisdomTree in a report on Wednesday, July 29th. Three research analysts have rated the stock with a Buy rating and four have issued a Hold rating to the company’s stock. According to MarketBeat.com, the stock presently has an average rating of “Hold” and a consensus price target of $23.66.

About WisdomTree

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.