Jefferies Financial Group Inc. Makes New Investment in WisdomTree, Inc. $WT

Jefferies Financial Group Inc. bought a new position in WisdomTree, Inc. (NYSE:WT) in the 2nd quarter, according to its most recent filing with the SEC. The institutional investor bought 23,692 shares of the company’s stock, valued at approximately $401,000.

A number of other hedge funds and other institutional investors have also made changes to their positions in WT. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC raised its holdings in shares of WisdomTree by 2.8% in 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 in the last quarter. Jane Street Group LLC grew its holdings in WisdomTree by 379.3% during 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. Arrowstreet Capital Limited Partnership grew its holdings in WisdomTree by 35.5% during 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 in the last quarter. Sei Investments Co. raised 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 valued at $1,071,000 after purchasing an additional 81,725 shares in the last quarter. Finally, AQR Capital Management LLC lifted its position in shares of WisdomTree by 20.0% in 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.

WisdomTree Price Performance

Shares of WT opened at $24.12 on Tuesday. The firm has a market capitalization of $3.65 billion, a PE ratio of 46.39 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 1-year low of $10.69 and a 1-year high of $25.89. The company’s fifty day moving average price is $20.58 and its 200-day moving average price is $18.26.

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 analysts’ consensus estimates of $0.26 by $0.05. WisdomTree had a return on equity of 39.12% and a net margin of 13.27%.The company had revenue of $177.16 million during the quarter, compared to analyst estimates of $170.62 million. During the same quarter last year, the business posted $0.18 EPS. The firm’s quarterly revenue was up 57.3% on a year-over-year basis. On average, equities research analysts predict that WisdomTree, Inc. will post 1.19 EPS for the current year.

WisdomTree Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, August 26th. Stockholders of record on Wednesday, August 12th were issued a $0.03 dividend. The ex-dividend date of this dividend 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 is currently 23.08%.

Analysts Set New Price Targets

Several equities analysts recently issued reports on WT shares. Oppenheimer lifted their price objective on shares of WisdomTree from $22.00 to $27.00 and gave the company an “outperform” rating in a report on Wednesday, August 26th. The Goldman Sachs Group upped their target price on WisdomTree from $16.40 to $18.30 and gave the stock a “neutral” rating in a report on Tuesday, August 4th. Morgan Stanley set a $21.00 target price on WisdomTree in a research report on Wednesday, July 29th. Weiss Ratings upgraded WisdomTree from a “hold (c)” rating to a “buy (b-)” rating in a report on Wednesday, August 19th. Finally, Zacks Research lowered WisdomTree from a “strong-buy” rating to a “hold” rating in a research report on Monday, July 27th. Four equities research analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the company. According to MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $23.66.

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.