Hsbc Holdings PLC Has $6.15 Million Stock Position in WisdomTree, Inc. $WT

Hsbc Holdings PLC increased its holdings in shares of WisdomTree, Inc. (NYSE:WT) by 576.4% in the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 362,700 shares of the company’s stock after purchasing an additional 309,078 shares during the quarter. Hsbc Holdings PLC’s holdings in WisdomTree were worth $6,148,000 as of its most recent SEC filing.

A number of other hedge funds have also added to or reduced their stakes in the business. Team Financial Group LLC bought a new position in shares of WisdomTree in the 1st quarter valued at about $29,000. Caitong International Asset Management Co. Ltd increased 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 acquiring an additional 1,521 shares during the last quarter. Quarry LP raised its holdings in WisdomTree by 1,679.0% during the third quarter. Quarry LP now owns 2,206 shares of the company’s stock worth $31,000 after acquiring an additional 2,082 shares in the last quarter. Quattro Advisors LLC bought a new stake in WisdomTree during the fourth quarter worth about $31,000. Finally, Hantz Financial Services Inc. boosted its position in WisdomTree by 84.1% during the fourth quarter. Hantz Financial Services Inc. now owns 2,929 shares of the company’s stock valued at $36,000 after purchasing an additional 1,338 shares during the last quarter. Institutional investors own 78.64% of the company’s stock.

WisdomTree Stock Performance

WT opened at $23.97 on Thursday. The company has a quick ratio of 2.73, a current ratio of 3.00 and a debt-to-equity ratio of 2.53. WisdomTree, Inc. has a 12-month low of $10.69 and a 12-month high of $25.91. The business has a 50 day moving average of $21.56 and a 200-day moving average of $18.65. The stock has a market cap of $3.63 billion, a price-to-earnings ratio of 46.10 and a beta of 1.20.

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

WisdomTree Announces Dividend

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

Analysts Set New Price Targets

Several research firms recently weighed in on WT. Wall Street Zen raised shares of WisdomTree from a “hold” rating to a “buy” rating in a research note on Saturday, August 1st. Oppenheimer upped their price target on shares of WisdomTree from $22.00 to $27.00 and gave the stock an “outperform” rating in a research report on Wednesday, August 26th. Northland Securities increased their price target 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. Zacks Research downgraded shares of WisdomTree from a “strong-buy” rating to a “hold” rating in a research report on Monday, July 27th. Finally, 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 note on Tuesday, August 4th. Three research analysts have rated the stock with a Buy rating and four have issued a Hold rating to the company. According to data from MarketBeat, the company presently has a consensus rating of “Hold” and a consensus target price of $23.66.

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.