Man Group plc Makes New $519,000 Investment in WisdomTree, Inc. $WT

Man Group plc acquired a new stake in shares of WisdomTree, Inc. (NYSE:WT) during the 2nd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm acquired 30,664 shares of the company’s stock, valued at approximately $519,000.

Several other institutional investors and hedge funds have also modified their holdings of the business. Clearstead Trust LLC bought a new position in WisdomTree during the second quarter valued at about $92,000. Team Financial Group LLC acquired a new position in WisdomTree in the 1st quarter valued at $29,000. Quarry LP lifted its position in WisdomTree by 1,679.0% during the 3rd quarter. Quarry LP now owns 2,206 shares of the company’s stock worth $31,000 after acquiring an additional 2,082 shares during the last quarter. Caitong International Asset Management Co. Ltd grew its position in shares of WisdomTree by 163.0% in the fourth quarter. Caitong International Asset Management Co. Ltd now owns 2,454 shares of the company’s stock valued at $30,000 after purchasing an additional 1,521 shares during the last quarter. Finally, Quattro Advisors LLC acquired a new position in shares of WisdomTree during the 4th quarter worth about $31,000. Institutional investors and hedge funds own 78.64% of the company’s stock.

WisdomTree Stock Up 4.5%

WT opened at $24.80 on Friday. WisdomTree, Inc. has a twelve month low of $10.69 and a twelve month high of $25.91. The firm has a market cap of $3.76 billion, a price-to-earnings ratio of 47.69 and a beta of 1.20. The firm’s 50-day simple moving average is $20.97 and its 200-day simple moving average is $18.43. The company has a debt-to-equity ratio of 2.53, a quick ratio of 2.73 and a current ratio of 3.00.

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

WisdomTree Announces Dividend

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

Wall Street Analysts Forecast Growth

A number of research analysts have recently commented on WT shares. Oppenheimer upped their price target on WisdomTree from $22.00 to $27.00 and gave the stock an “outperform” rating in a report on Wednesday, August 26th. The Goldman Sachs Group boosted their price target on WisdomTree from $16.40 to $18.30 and gave the company a “neutral” rating in a research note on Tuesday, August 4th. Zacks Research cut WisdomTree from a “strong-buy” rating to a “hold” rating in a research report on Monday, July 27th. Morgan Stanley set a $21.00 price target on shares of WisdomTree in a report on Wednesday, July 29th. Finally, Northland Securities upped 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. Four analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the stock. Based on data from MarketBeat, the stock presently 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.