Integrated Quantitative Investments LLC Acquires New Stake in WisdomTree, Inc. $WT

Integrated Quantitative Investments LLC purchased a new stake in WisdomTree, Inc. (NYSE:WT) in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor purchased 80,180 shares of the company’s stock, valued at approximately $1,115,000. Integrated Quantitative Investments LLC owned 0.05% of WisdomTree at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also recently modified their holdings of WT. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC raised its stake in WisdomTree by 2.8% during the first quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 456,990 shares of the company’s stock worth $4,076,000 after buying an additional 12,402 shares during the last quarter. Jane Street Group LLC raised its position in shares of WisdomTree by 379.3% in the 1st quarter. Jane Street Group LLC now owns 880,977 shares of the company’s stock worth $7,858,000 after acquiring an additional 697,156 shares in the last quarter. Envestnet Asset Management Inc. lifted its stake in shares of WisdomTree by 12.0% in the 2nd quarter. Envestnet Asset Management Inc. now owns 905,422 shares of the company’s stock valued at $10,421,000 after purchasing an additional 97,070 shares during the period. Teacher Retirement System of Texas increased its holdings in WisdomTree by 10.8% in the second quarter. Teacher Retirement System of Texas now owns 18,928 shares of the company’s stock worth $218,000 after purchasing an additional 1,840 shares in the last quarter. Finally, Bank of New York Mellon Corp lifted its stake in WisdomTree by 8.1% in the second quarter. Bank of New York Mellon Corp now owns 1,425,822 shares of the company’s stock valued at $16,411,000 after buying an additional 107,076 shares during the period. Institutional investors and hedge funds own 78.64% of the company’s stock.

Analyst Upgrades and Downgrades

Several brokerages have recently commented on WT. Zacks Research raised shares of WisdomTree from a “hold” rating to a “strong-buy” rating in a research report on Wednesday, February 25th. Northland Securities set a $20.00 price target on shares of WisdomTree in a report on Monday, February 2nd. Wall Street Zen upgraded shares of WisdomTree from a “hold” rating to a “buy” rating in a report on Saturday, February 28th. The Goldman Sachs Group raised their target price on WisdomTree from $14.00 to $15.50 and gave the company a “neutral” rating in a research note on Monday, February 2nd. Finally, Morgan Stanley set a $16.75 price target on WisdomTree in a research note on Tuesday, February 10th. One research analyst has rated the stock with a Strong Buy rating, four have given a Buy rating and two have issued a Hold rating to the stock. According to data from MarketBeat, the company currently has an average rating of “Moderate Buy” and an average price target of $17.65.

Insider Activity at WisdomTree

In other news, COO R Jarrett Lilien sold 30,000 shares of the business’s stock in a transaction that occurred on Wednesday, February 25th. The stock was sold at an average price of $16.84, for a total value of $505,200.00. Following the transaction, the chief operating officer owned 1,140,245 shares in the company, valued at $19,201,725.80. The trade was a 2.56% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. 9.30% of the stock is currently owned by corporate insiders.

WisdomTree Trading Up 2.9%

NYSE WT opened at $17.49 on Thursday. The company has a current ratio of 1.75, a quick ratio of 1.37 and a debt-to-equity ratio of 1.94. The business has a fifty day simple moving average of $15.31 and a 200 day simple moving average of $13.57. WisdomTree, Inc. has a 12 month low of $7.47 and a 12 month high of $17.66. The firm has a market capitalization of $2.48 billion, a P/E ratio of 23.32 and a beta of 1.09.

WisdomTree (NYSE:WT) last posted its earnings results on Friday, January 30th. The company reported $0.29 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.23 by $0.06. The firm had revenue of $147.43 million during the quarter, compared to analyst estimates of $142.78 million. WisdomTree had a net margin of 22.10% and a return on equity of 30.24%. The business’s revenue was up 33.2% compared to the same quarter last year. During the same quarter in the prior year, the business posted $0.17 EPS. On average, analysts predict that WisdomTree, Inc. will post 0.72 EPS for the current fiscal year.

WisdomTree Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, February 25th. Shareholders of record on Wednesday, February 11th were paid a $0.03 dividend. The ex-dividend date was Wednesday, February 11th. This represents a $0.12 annualized dividend and a yield of 0.7%. WisdomTree’s dividend payout ratio (DPR) is 16.00%.

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.