Integrated Quantitative Investments LLC Purchases New Stake in WisdomTree, Inc. $WT

Integrated Quantitative Investments LLC acquired a new position in shares of WisdomTree, Inc. (NYSE:WT) in the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm acquired 80,180 shares of the company’s stock, valued at approximately $1,115,000.

A number of other institutional investors and hedge funds have also recently modified their holdings of the stock. First Horizon Corp purchased a new position in WisdomTree in the 3rd quarter valued at approximately $32,000. Federated Hermes Inc. boosted its stake in WisdomTree by 105.7% in the 3rd quarter. Federated Hermes Inc. now owns 3,011 shares of the company’s stock worth $42,000 after purchasing an additional 1,547 shares during the period. Traub Capital Management LLC purchased a new position in WisdomTree during the 2nd quarter valued at about $58,000. Wealth Enhancement Advisory Services LLC bought a new stake in shares of WisdomTree during the third quarter valued at about $118,000. Finally, LSV Asset Management purchased a new stake in shares of WisdomTree in the third quarter worth about $124,000. 78.64% of the stock is owned by institutional investors.

WisdomTree Trading Up 2.9%

Shares of WT stock opened at $17.49 on Thursday. The firm has a market cap of $2.48 billion, a P/E ratio of 23.32 and a beta of 1.09. The business has a 50-day moving average price of $15.31 and a two-hundred day moving average price of $13.57. The company has a quick ratio of 1.37, a current ratio of 1.75 and a debt-to-equity ratio of 1.94. WisdomTree, Inc. has a 12-month low of $7.47 and a 12-month high of $17.66.

WisdomTree (NYSE:WT) last posted its quarterly earnings results on Friday, January 30th. The company reported $0.29 EPS for the quarter, topping the consensus estimate of $0.23 by $0.06. WisdomTree had a net margin of 22.10% and a return on equity of 30.24%. The firm had revenue of $147.43 million for the quarter, compared to the consensus estimate of $142.78 million. During the same period last year, the firm posted $0.17 earnings per share. The business’s revenue was up 33.2% compared to the same quarter last year. Equities analysts anticipate that WisdomTree, Inc. will post 0.72 EPS for the current fiscal year.

WisdomTree Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, February 25th. Stockholders of record on Wednesday, February 11th were issued a $0.03 dividend. The ex-dividend date was Wednesday, February 11th. This represents a $0.12 annualized dividend and a dividend yield of 0.7%. WisdomTree’s payout ratio is currently 16.00%.

Insider Buying and Selling at WisdomTree

In related news, COO R Jarrett Lilien sold 30,000 shares of the firm’s stock in a transaction that occurred on Wednesday, February 25th. The stock was sold at an average price of $16.84, for a total transaction of $505,200.00. Following the transaction, the chief operating officer directly owned 1,140,245 shares in the company, valued at $19,201,725.80. This trade represents a 2.56% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Company insiders own 9.30% of the company’s stock.

Wall Street Analyst Weigh In

Several equities analysts recently commented on WT shares. Weiss Ratings reaffirmed a “buy (b-)” rating on shares of WisdomTree in a research note on Wednesday, January 21st. Wall Street Zen upgraded WisdomTree from a “hold” rating to a “buy” rating in a research report on Saturday, February 28th. Oppenheimer lifted their price objective on WisdomTree from $17.00 to $21.00 and gave the company an “outperform” rating in a research note on Tuesday, February 3rd. Morgan Stanley set a $16.75 price target on WisdomTree in a report on Tuesday, February 10th. Finally, The Goldman Sachs Group boosted their price objective on WisdomTree from $14.00 to $15.50 and gave the stock a “neutral” rating in a report on Monday, February 2nd. One analyst has rated the stock with a Strong Buy rating, four have issued a Buy rating and two have issued a Hold rating to the company. According to data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average target price of $17.65.

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.