Cookson Peirce & Co. Inc. Acquires Shares of 84,818 WisdomTree, Inc. $WT

Cookson Peirce & Co. Inc. bought a new position in shares of WisdomTree, Inc. (NYSE:WT) in the 2nd quarter, according to its most recent disclosure with the SEC. The institutional investor bought 84,818 shares of the company’s stock, valued at approximately $1,437,000.

A number of other hedge funds and other institutional investors have also recently made changes to their positions in WT. Russell Investments Group Ltd. raised its position in WisdomTree by 3.9% during the fourth quarter. Russell Investments Group Ltd. now owns 20,605 shares of the company’s stock worth $251,000 after acquiring an additional 778 shares during the period. Clearstead Trust LLC acquired a new position in shares of WisdomTree during the 2nd quarter worth about $92,000. Pictet Asset Management Holding SA lifted its stake in WisdomTree by 5.3% in the 1st 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 in the last quarter. Osaic Holdings Inc. boosted its holdings in WisdomTree by 1.5% in the 2nd quarter. Osaic Holdings Inc. now owns 87,126 shares of the company’s stock worth $1,003,000 after buying an additional 1,266 shares during the last quarter. Finally, Illinois Municipal Retirement Fund boosted its holdings in WisdomTree by 2.1% in the 4th quarter. Illinois Municipal Retirement Fund now owns 61,799 shares of the company’s stock worth $753,000 after buying an additional 1,281 shares during the last quarter. Hedge funds and other institutional investors own 78.64% of the company’s stock.

Wall Street Analyst Weigh In

A number of equities analysts have commented on the company. Oppenheimer increased their target price on WisdomTree from $22.00 to $27.00 and gave the company an “outperform” rating in a report on Wednesday. Zacks Research lowered WisdomTree from a “strong-buy” rating to a “hold” rating in a report on Monday, July 27th. Raymond James Financial reissued an “outperform” rating and issued a $26.00 price target on shares of WisdomTree in a research note on Thursday. Weiss Ratings upgraded shares of WisdomTree from a “hold (c)” rating to a “buy (b-)” rating in a research report on Wednesday, August 19th. Finally, Northland Securities upped their price objective 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. Four analysts have rated the stock with a Buy rating and three have issued a Hold rating to the company’s stock. According to MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus target price of $23.66.

WisdomTree Stock Up 0.4%

NYSE WT opened at $24.53 on Monday. WisdomTree, Inc. has a 52 week low of $10.69 and a 52 week high of $25.89. The company has a quick ratio of 2.73, a current ratio of 3.00 and a debt-to-equity ratio of 2.53. The business’s fifty day simple moving average is $20.47 and its 200-day simple moving average is $18.20. The firm has a market cap of $3.72 billion, a PE ratio of 47.17 and a beta of 1.17.

WisdomTree (NYSE:WT) last issued its earnings results on Friday, July 31st. The company reported $0.31 EPS for the quarter, topping analysts’ consensus estimates of $0.26 by $0.05. The company had revenue of $177.16 million for the quarter, compared to the consensus estimate of $170.62 million. WisdomTree had a net margin of 13.27% and a return on equity of 39.12%. WisdomTree’s quarterly revenue was up 57.3% compared to the same quarter last year. During the same period in the previous year, the firm earned $0.18 earnings per share. As a group, equities analysts anticipate that WisdomTree, Inc. will post 1.19 earnings per share for the current year.

WisdomTree Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Wednesday, August 26th. Stockholders of record on Wednesday, August 12th were given 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%.

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.