Jefferies Financial Group Inc. Acquires Shares of 23,692 WisdomTree, Inc. $WT

Jefferies Financial Group Inc. acquired a new stake in WisdomTree, Inc. (NYSE:WT) during the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor acquired 23,692 shares of the company’s stock, valued at approximately $401,000.

Other institutional investors have also recently made changes to their positions in the company. BlackRock Inc. acquired a new position in shares of WisdomTree in the 2nd quarter valued at about $326,513,000. Wellington Management Group LLP boosted its stake in shares of WisdomTree by 236.5% in the third quarter. Wellington Management Group LLP now owns 9,674,630 shares of the company’s stock worth $134,477,000 after buying an additional 6,799,654 shares during the last quarter. Azora Capital LP acquired a new stake in WisdomTree during the second quarter worth about $104,698,000. Capital World Investors acquired a new stake in WisdomTree during the fourth quarter worth about $30,835,000. Finally, Bank of America Corp DE purchased a new position in WisdomTree during the second quarter valued at approximately $33,743,000. Hedge funds and other institutional investors own 78.64% of the company’s stock.

Analysts Set New Price Targets

A number of research analysts have issued reports on the company. Oppenheimer boosted their price target on WisdomTree from $22.00 to $27.00 and gave the company an “outperform” rating in a report on Wednesday, August 26th. Northland Securities lifted their target price on shares of WisdomTree from $22.00 to $26.00 and gave the company an “outperform” rating in a report on Wednesday, August 19th. Weiss Ratings upgraded shares of WisdomTree from a “hold (c)” rating to a “buy (b-)” 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 report on Monday, July 27th. Finally, Morgan Stanley set a $21.00 price target on shares of WisdomTree in a research report on Wednesday, July 29th. Four equities research analysts have rated the stock with a Buy rating and three have given a Hold rating to the company. Based on data from MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus price target of $23.66.

WisdomTree Stock Performance

NYSE WT opened at $24.12 on Tuesday. The stock has a market capitalization of $3.65 billion, a price-to-earnings ratio of 46.39 and a beta of 1.17. The stock has a 50-day moving average of $20.58 and a 200 day moving average of $18.26. 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, Inc. has a twelve month low of $10.69 and a twelve month high of $25.89.

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

WisdomTree Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Wednesday, August 26th. Stockholders of record on Wednesday, August 12th were given a dividend of $0.03 per share. The ex-dividend date was Wednesday, August 12th. This represents a $0.12 dividend on an annualized basis and a dividend yield of 0.5%. WisdomTree’s dividend payout ratio (DPR) is 23.08%.

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.