Jupiter Topco LLC Takes $24.62 Million Position in WisdomTree, Inc. $WT

Jupiter Topco LLC acquired a new stake in shares of WisdomTree, Inc. (NYSE:WT) during the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 1,453,084 shares of the company’s stock, valued at approximately $24,616,000. Jupiter Topco LLC owned 0.96% of WisdomTree as of its most recent SEC filing.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. BlackRock Inc. bought a new position in shares of WisdomTree in the second quarter worth about $326,513,000. Principal Financial Group Inc. lifted its position in shares of WisdomTree by 101.8% during the first quarter. Principal Financial Group Inc. now owns 2,009,556 shares of the company’s stock worth $29,259,000 after purchasing an additional 1,013,658 shares in the last quarter. Bank of America Corp DE grew its stake in shares of WisdomTree by 556.4% during the first quarter. Bank of America Corp DE now owns 2,327,389 shares of the company’s stock valued at $33,887,000 after purchasing an additional 1,972,847 shares during the last quarter. Chase Investment Counsel Corp bought a new stake in shares of WisdomTree during the second quarter valued at approximately $3,268,000. Finally, Capital Management Corp VA increased its holdings in shares of WisdomTree by 108.1% in the fourth quarter. Capital Management Corp VA now owns 561,886 shares of the company’s stock valued at $6,849,000 after purchasing an additional 291,851 shares in the last quarter. Hedge funds and other institutional investors own 78.64% of the company’s stock.

WisdomTree Trading Down 2.0%

WT opened at $24.53 on Friday. The firm has a 50 day simple moving average of $20.47 and a 200 day simple moving average of $18.19. WisdomTree, Inc. has a fifty-two week low of $10.69 and a fifty-two week high of $25.89. The company has a market cap of $3.72 billion, a price-to-earnings ratio of 47.17 and a beta of 1.17. The company has a debt-to-equity ratio of 2.53, a current ratio of 3.00 and a quick ratio of 2.73.

WisdomTree (NYSE:WT) last announced its quarterly earnings data 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 for the quarter, compared to analysts’ expectations of $170.62 million. During the same period last year, the firm earned $0.18 earnings per share. The business’s revenue for the quarter was up 57.3% on a year-over-year basis. On average, sell-side analysts anticipate that WisdomTree, Inc. will post 1.19 earnings per share for the current year.

WisdomTree Announces Dividend

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

Wall Street Analysts Forecast Growth

Several research analysts recently weighed in on the stock. The Goldman Sachs Group boosted their price objective on shares of WisdomTree from $16.40 to $18.30 and gave the stock a “neutral” rating in a research report on Tuesday, August 4th. Northland Securities boosted their target price on WisdomTree from $22.00 to $26.00 and gave the stock an “outperform” rating in a research report on Wednesday, August 19th. Wall Street Zen upgraded WisdomTree from a “hold” rating to a “buy” rating in a research report 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. Finally, Oppenheimer raised their price target on WisdomTree from $22.00 to $27.00 and gave the company an “outperform” rating in a report on Wednesday. Four investment analysts have rated the stock with a Buy rating and three have given a Hold rating to the stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average target price of $23.66.

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.