Deutsche Bank AG Purchases Shares of 139,195 WisdomTree, Inc. $WT

Deutsche Bank AG acquired a new stake in shares of WisdomTree, Inc. (NYSE:WT) during the 2nd quarter, Holdings Channel reports. The fund acquired 139,195 shares of the company’s stock, valued at approximately $2,358,000.

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

Analyst Upgrades and Downgrades

Several brokerages recently commented on WT. Raymond James Financial reiterated an “outperform” rating and set a $26.00 price target on shares of WisdomTree in a report on Thursday. Morgan Stanley set a $21.00 target price on WisdomTree in a research note on Wednesday, July 29th. The Goldman Sachs Group increased their price target on WisdomTree from $16.40 to $18.30 and gave the stock a “neutral” rating in a report on Tuesday, August 4th. Weiss Ratings raised WisdomTree from a “hold (c)” rating to a “buy (b-)” rating in a research note on Wednesday, August 19th. Finally, Oppenheimer raised their price target on WisdomTree from $22.00 to $27.00 and gave the stock an “outperform” rating in a research note on Wednesday. Four analysts have rated the stock with a Buy rating and three have given a Hold rating to the stock. According to MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average price target of $23.66.

WisdomTree Stock Performance

WT stock opened at $24.99 on Friday. WisdomTree, Inc. has a 1-year low of $10.69 and a 1-year high of $25.53. The business has a 50-day moving average price of $20.34 and a 200 day moving average price of $18.14. The company has a market capitalization of $3.79 billion, a P/E ratio of 48.06 and a beta of 1.17. The company has a debt-to-equity ratio of 2.53, a current ratio of 3.00 and a quick ratio of 2.73.

WisdomTree (NYSE:WT) last issued its earnings results on Friday, July 31st. The company reported $0.31 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.26 by $0.05. The company 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 firm’s quarterly revenue was up 57.3% on a year-over-year basis. During the same period in the prior year, the business earned $0.18 EPS. As a group, equities research analysts forecast that WisdomTree, Inc. will post 1.18 EPS for the current fiscal year.

WisdomTree Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, August 26th. Stockholders of record on Wednesday, August 12th were paid 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 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.