Quantinno Capital Management LP Acquires 105,023 Shares of WisdomTree, Inc. $WT

Quantinno Capital Management LP increased its stake in WisdomTree, Inc. (NYSE:WT) by 178.9% in the 1st quarter, HoldingsChannel reports. The fund owned 163,727 shares of the company’s stock after acquiring an additional 105,023 shares during the period. Quantinno Capital Management LP’s holdings in WisdomTree were worth $2,384,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also added to or reduced their stakes in WT. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC lifted its stake in shares of WisdomTree by 2.8% in the 1st quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 456,990 shares of the company’s stock valued at $4,076,000 after purchasing an additional 12,402 shares during the last quarter. Jane Street Group LLC increased its position in shares of WisdomTree by 379.3% during the 1st quarter. Jane Street Group LLC now owns 880,977 shares of the company’s stock valued at $7,858,000 after purchasing an additional 697,156 shares during the last quarter. Arrowstreet Capital Limited Partnership raised its holdings in WisdomTree by 35.5% during the 2nd quarter. Arrowstreet Capital Limited Partnership now owns 301,138 shares of the company’s stock valued at $3,466,000 after buying an additional 78,837 shares during the period. Sei Investments Co. lifted its position in WisdomTree by 722.3% in the second quarter. Sei Investments Co. now owns 93,039 shares of the company’s stock worth $1,071,000 after buying an additional 81,725 shares during the last quarter. Finally, AQR Capital Management LLC lifted its position in WisdomTree by 20.0% in the second quarter. AQR Capital Management LLC now owns 482,313 shares of the company’s stock worth $5,551,000 after buying an additional 80,361 shares during the last quarter. 78.64% of the stock is currently owned by hedge funds and other institutional investors.

Insider Activity

In related news, COO R Jarrett Lilien sold 30,000 shares of the stock in a transaction that occurred on Wednesday, May 20th. The stock was sold at an average price of $18.99, for a total value of $569,700.00. Following the transaction, the chief operating officer owned 1,110,245 shares of the company’s stock, valued at $21,083,552.55. This represents a 2.63% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Insiders own 10.10% of the company’s stock.

Analysts Set New Price Targets

Several research analysts have commented on WT shares. Weiss Ratings reaffirmed a “hold (c)” rating on shares of WisdomTree in a research note on Wednesday, August 5th. Zacks Research lowered shares of WisdomTree from a “strong-buy” rating to a “hold” rating in a report on Monday, July 27th. Oppenheimer lifted their price target on shares of WisdomTree from $21.00 to $22.00 and gave the stock an “outperform” rating in a research note on Monday, August 3rd. Raymond James Financial assumed coverage on shares of WisdomTree in a report on Tuesday, April 21st. They set an “outperform” rating and a $20.00 price target on the stock. Finally, Wall Street Zen raised shares of WisdomTree from a “hold” rating to a “buy” rating in a research note on Saturday, August 1st. Two research analysts have rated the stock with a Buy rating and four have issued a Hold rating to the company’s stock. According to MarketBeat, WisdomTree currently has an average rating of “Hold” and an average price target of $20.66.

WisdomTree Trading Up 4.2%

NYSE WT opened at $22.15 on Tuesday. The stock has a market cap of $3.36 billion, a PE ratio of 42.60 and a beta of 1.17. WisdomTree, Inc. has a 12 month low of $10.69 and a 12 month high of $23.15. The company’s 50-day moving average price is $18.98 and its 200-day moving average price is $17.49. The company has a current ratio of 3.00, a quick ratio of 2.73 and a debt-to-equity ratio of 2.53.

WisdomTree (NYSE:WT) last released its quarterly earnings data on Friday, July 31st. The company reported $0.31 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.26 by $0.05. The company had revenue of $177.16 million during 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 firm’s quarterly revenue was up 57.3% on a year-over-year basis. During the same period in the previous year, the company earned $0.18 EPS. Equities research analysts forecast that WisdomTree, Inc. will post 1.17 earnings per share for the current year.

WisdomTree Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Wednesday, August 26th. Stockholders of record on Wednesday, August 12th will be paid 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 is Wednesday, August 12th. WisdomTree’s payout ratio is currently 23.08%.

WisdomTree 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.