Hsbc Holdings PLC Makes New Investment in WisdomTree, Inc. $WT

Hsbc Holdings PLC acquired a new stake in shares of WisdomTree, Inc. (NYSE:WT) in the second quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor acquired 362,700 shares of the company’s stock, valued at approximately $6,148,000. Hsbc Holdings PLC owned approximately 0.24% of WisdomTree at the end of the most recent quarter.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC raised its holdings in shares of 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 acquiring an additional 12,402 shares during the period. Jane Street Group LLC boosted its stake in 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 purchasing an additional 697,156 shares during the period. Arrowstreet Capital Limited Partnership boosted its stake in 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 purchasing an additional 78,837 shares during the period. Sei Investments Co. grew its position in WisdomTree by 722.3% during the 2nd quarter. Sei Investments Co. now owns 93,039 shares of the company’s stock worth $1,071,000 after purchasing an additional 81,725 shares in the last quarter. Finally, AQR Capital Management LLC grew its holdings in shares of WisdomTree by 20.0% during the second quarter. AQR Capital Management LLC now owns 482,313 shares of the company’s stock valued at $5,551,000 after buying an additional 80,361 shares in the last quarter. 78.64% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

Several equities research analysts recently issued reports on WT shares. Morgan Stanley set a $21.00 price objective on WisdomTree in a research note on Wednesday, July 29th. The Goldman Sachs Group boosted their price objective on shares of WisdomTree from $16.40 to $18.30 and gave the company a “neutral” rating in a research report on Tuesday, August 4th. Oppenheimer upped their price objective on shares of WisdomTree from $22.00 to $27.00 and gave the company an “outperform” rating in a research note on Wednesday. Northland Securities increased their target price on shares of WisdomTree from $22.00 to $26.00 and gave the stock an “outperform” rating in a research report on Wednesday, August 19th. Finally, Zacks Research lowered shares of WisdomTree from a “strong-buy” rating to a “hold” rating in a research note on Monday, July 27th. Four analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the stock. According to data from MarketBeat, WisdomTree has an average rating of “Moderate Buy” and a consensus price target of $23.66.

WisdomTree Stock Down 2.0%

WT opened at $24.53 on Friday. The company has a market capitalization of $3.72 billion, a PE ratio of 47.17 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, Inc. has a fifty-two week low of $10.69 and a fifty-two week high of $25.89. The business has a 50-day moving average of $20.47 and a 200-day moving average of $18.19.

WisdomTree (NYSE:WT) last announced its quarterly earnings results on Friday, July 31st. The company reported $0.31 EPS for the quarter, beating the consensus estimate 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 during the quarter, compared to analysts’ expectations of $170.62 million. During the same quarter in the previous year, the business posted $0.18 EPS. The firm’s quarterly revenue was up 57.3% compared to the same quarter last year. Equities research analysts forecast that WisdomTree, Inc. will post 1.19 EPS for the current fiscal year.

WisdomTree Dividend Announcement

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

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.