Hsbc Holdings PLC Invests $1.75 Million in WisdomTree, Inc. $WT

Hsbc Holdings PLC purchased a new stake in shares of WisdomTree, Inc. (NYSE:WT) during the fourth quarter, HoldingsChannel.com reports. The institutional investor purchased 142,618 shares of the company’s stock, valued at approximately $1,752,000.

Several other large investors also recently bought and sold shares of WT. Wellington Management Group LLP raised its position in WisdomTree by 15.7% in the 4th quarter. Wellington Management Group LLP now owns 11,196,229 shares of the company’s stock worth $136,482,000 after buying an additional 1,521,599 shares during the last quarter. Azora Capital LP raised its holdings in shares of WisdomTree by 9.3% during the fourth quarter. Azora Capital LP now owns 6,150,111 shares of the company’s stock valued at $74,970,000 after purchasing an additional 521,179 shares during the last quarter. Simcoe Capital Management LLC lifted its position in WisdomTree by 11.3% during the fourth quarter. Simcoe Capital Management LLC now owns 5,253,340 shares of the company’s stock valued at $64,038,000 after purchasing an additional 535,015 shares during the period. Dimensional Fund Advisors LP boosted its holdings in WisdomTree by 1.7% in the fourth quarter. Dimensional Fund Advisors LP now owns 3,642,042 shares of the company’s stock worth $44,399,000 after purchasing an additional 61,699 shares during the last quarter. Finally, Goldman Sachs Group Inc. grew its position in WisdomTree by 116.5% in the 4th quarter. Goldman Sachs Group Inc. now owns 3,389,653 shares of the company’s stock worth $41,320,000 after purchasing an additional 1,823,777 shares during the period. 78.64% of the stock is currently owned by institutional investors.

WisdomTree Trading Down 0.2%

Shares of NYSE WT opened at $16.93 on Wednesday. The business’s 50 day moving average is $18.21 and its two-hundred day moving average is $16.10. WisdomTree, Inc. has a 1-year low of $10.69 and a 1-year high of $19.85. The stock has a market capitalization of $2.59 billion, a P/E ratio of 41.28 and a beta of 1.15. The company has a debt-to-equity ratio of 2.37, a current ratio of 4.57 and a quick ratio of 4.18.

WisdomTree (NYSE:WT) last issued its quarterly earnings results on Friday, May 1st. The company reported $0.27 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.25 by $0.02. WisdomTree had a return on equity of 33.31% and a net margin of 11.26%.The company had revenue of $159.50 million during the quarter, compared to the consensus estimate of $156.96 million. During the same period last year, the company earned $0.16 earnings per share. WisdomTree’s revenue was up 47.5% on a year-over-year basis. As a group, research analysts expect that WisdomTree, Inc. will post 1.15 EPS for the current year.

WisdomTree Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Wednesday, May 27th. Shareholders of record on Wednesday, May 13th were paid a $0.03 dividend. This represents a $0.12 dividend on an annualized basis and a yield of 0.7%. The ex-dividend date was Wednesday, May 13th. WisdomTree’s dividend payout ratio is currently 29.27%.

Insider Activity at WisdomTree

In other news, COO R Jarrett Lilien sold 30,000 shares of the firm’s stock in a transaction on Wednesday, May 20th. The stock was sold at an average price of $18.99, for a total transaction of $569,700.00. Following the transaction, the chief operating officer owned 1,110,245 shares in the company, valued at approximately $21,083,552.55. This trade represents a 2.63% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is accessible through this link. Also, insider David M. Yates sold 15,000 shares of the business’s stock in a transaction that occurred on Tuesday, May 5th. The stock was sold at an average price of $18.06, for a total transaction of $270,900.00. Following the completion of the transaction, the insider directly owned 157,499 shares of the company’s stock, valued at $2,844,431.94. This trade represents a 8.70% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. 10.10% of the stock is owned by corporate insiders.

Analysts Set New Price Targets

Several equities analysts have recently weighed in on WT shares. Northland Securities set a $22.00 price target on WisdomTree in a report on Tuesday, June 2nd. Weiss Ratings cut WisdomTree from a “buy (b)” rating to a “hold (c)” rating in a report on Friday, May 8th. Zacks Research raised shares of WisdomTree from a “hold” rating to a “strong-buy” rating in a report on Friday, June 26th. The Goldman Sachs Group reaffirmed a “neutral” rating and set a $16.80 price target on shares of WisdomTree in a report on Tuesday, May 5th. Finally, Oppenheimer increased their price objective on shares of WisdomTree from $20.00 to $21.00 and gave the stock an “outperform” rating in a research note on Wednesday, April 29th. One analyst has rated the stock with a Strong Buy rating, four have given a Buy rating and three have assigned a Hold rating to the company. According to MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average target price of $19.22.

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.