487,766 Shares in WisdomTree, Inc. $WT Bought by Connor Clark & Lunn Investment Management Ltd.

Connor Clark & Lunn Investment Management Ltd. acquired a new stake in shares of WisdomTree, Inc. (NYSE:WT) in the second quarter, HoldingsChannel.com reports. The firm acquired 487,766 shares of the company’s stock, valued at approximately $8,263,000.

Other hedge funds also recently bought and sold shares of the company. Russell Investments Group Ltd. lifted its holdings in WisdomTree by 3.9% in the fourth quarter. Russell Investments Group Ltd. now owns 20,605 shares of the company’s stock valued at $251,000 after acquiring an additional 778 shares during the period. Clearstead Trust LLC bought a new stake in WisdomTree during the second quarter valued at approximately $92,000. Pictet Asset Management Holding SA increased its stake in shares of WisdomTree by 5.3% in the 1st quarter. Pictet Asset Management Holding SA now owns 21,947 shares of the company’s stock worth $320,000 after purchasing an additional 1,108 shares in the last quarter. Osaic Holdings Inc. increased its position in WisdomTree by 1.5% in the second quarter. Osaic Holdings Inc. now owns 87,126 shares of the company’s stock worth $1,003,000 after buying an additional 1,266 shares in the last quarter. Finally, Illinois Municipal Retirement Fund increased its holdings in WisdomTree by 2.1% in the 4th quarter. Illinois Municipal Retirement Fund now owns 61,799 shares of the company’s stock worth $753,000 after acquiring an additional 1,281 shares in the last quarter. Hedge funds and other institutional investors own 78.64% of the company’s stock.

WisdomTree Price Performance

Shares of WisdomTree stock opened at $24.83 on Thursday. The stock has a 50 day moving average of $20.21 and a 200 day moving average of $18.08. WisdomTree, Inc. has a 12 month low of $10.69 and a 12 month high of $24.93. The firm has a market cap of $3.76 billion, a PE ratio of 47.75 and a beta of 1.17. 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 (NYSE:WT) last released its quarterly earnings data on Friday, July 31st. The company reported $0.31 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.26 by $0.05. The business had revenue of $177.16 million for the quarter, compared to the consensus estimate of $170.62 million. WisdomTree had a return on equity of 39.12% and a net margin of 13.27%.The company’s revenue was up 57.3% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.18 EPS. On average, research analysts expect 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. Shareholders 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 annualized dividend and a yield of 0.5%. WisdomTree’s dividend payout ratio (DPR) is 23.08%.

Wall Street Analyst Weigh In

A number of brokerages have issued reports on WT. Zacks Research lowered WisdomTree from a “strong-buy” rating to a “hold” rating in a research note on Monday, July 27th. Northland Securities boosted their target price on shares of WisdomTree from $22.00 to $26.00 and gave the stock an “outperform” rating in a report on Wednesday, August 19th. The Goldman Sachs Group upped their target price on shares of WisdomTree from $16.40 to $18.30 and gave the stock a “neutral” rating in a research report on Tuesday, August 4th. Morgan Stanley set a $21.00 target price on shares of WisdomTree in a research note on Wednesday, July 29th. Finally, Oppenheimer lifted their price target on shares of WisdomTree from $22.00 to $27.00 and gave the company an “outperform” rating in a report on Wednesday. Four analysts have rated the stock with a Buy rating and three have issued a Hold rating to the company. Based on data from MarketBeat.com, WisdomTree presently has an average rating of “Moderate Buy” and a consensus price target of $22.46.

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.