Hsbc Holdings PLC Raises Stock Holdings in WisdomTree, Inc. (NYSE:WT)

Hsbc Holdings PLC boosted its holdings in shares of WisdomTree, Inc. (NYSE:WT) by 3.4% during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 47,546 shares of the company’s stock after purchasing an additional 1,576 shares during the quarter. Hsbc Holdings PLC’s holdings in WisdomTree were worth $467,000 at the end of the most recent reporting period.

Other hedge funds also recently bought and sold shares of the company. Azora Capital LP boosted its position in WisdomTree by 3.6% during the fourth quarter. Azora Capital LP now owns 7,793,321 shares of the company’s stock worth $54,008,000 after purchasing an additional 268,277 shares in the last quarter. Point72 Europe London LLP lifted its position in shares of WisdomTree by 18.9% in the fourth quarter. Point72 Europe London LLP now owns 516,800 shares of the company’s stock valued at $3,581,000 after acquiring an additional 82,300 shares in the last quarter. UniSuper Management Pty Ltd purchased a new position in shares of WisdomTree in the first quarter valued at approximately $423,000. ClariVest Asset Management LLC purchased a new position in shares of WisdomTree in the first quarter valued at approximately $3,840,000. Finally, SG Americas Securities LLC lifted its position in shares of WisdomTree by 588.2% in the second quarter. SG Americas Securities LLC now owns 73,295 shares of the company’s stock valued at $726,000 after acquiring an additional 62,644 shares in the last quarter. Hedge funds and other institutional investors own 78.64% of the company’s stock.

Wall Street Analyst Weigh In

Several equities analysts have recently weighed in on WT shares. Keefe, Bruyette & Woods restated a “market perform” rating and issued a $12.00 target price (up previously from $11.00) on shares of WisdomTree in a research report on Monday, July 29th. Northland Securities raised their target price on WisdomTree from $12.00 to $13.50 and gave the company an “outperform” rating in a research report on Monday, July 29th. Oppenheimer raised their target price on WisdomTree from $12.00 to $13.00 and gave the company an “outperform” rating in a research report on Monday, July 29th. Northcoast Research downgraded WisdomTree from a “strong-buy” rating to a “hold” rating in a research report on Sunday, September 15th. Finally, Craig Hallum increased their price target on WisdomTree from $12.00 to $15.00 and gave the company a “buy” rating in a report on Monday, July 29th. Three research analysts have rated the stock with a hold rating and four have issued a buy rating to the company. According to data from MarketBeat, WisdomTree presently has a consensus rating of “Moderate Buy” and an average target price of $11.96.

WisdomTree Price Performance

WT stock opened at $9.98 on Wednesday. The business has a fifty day moving average of $10.11 and a two-hundred day moving average of $9.74. The company has a quick ratio of 2.18, a current ratio of 3.01 and a debt-to-equity ratio of 0.62. The stock has a market cap of $1.52 billion, a price-to-earnings ratio of 14.68 and a beta of 1.43. WisdomTree, Inc. has a 52-week low of $6.06 and a 52-week high of $12.02.

WisdomTree (NYSE:WT) last released its quarterly earnings results on Friday, July 26th. The company reported $0.16 EPS for the quarter, topping the consensus estimate of $0.14 by $0.02. WisdomTree had a return on equity of 19.22% and a net margin of 19.72%. The business had revenue of $107.03 million during the quarter, compared to analyst estimates of $103.75 million. As a group, research analysts anticipate that WisdomTree, Inc. will post 0.62 earnings per share for the current year.

WisdomTree Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Wednesday, August 21st. Stockholders of record on Wednesday, August 7th were given a dividend of $0.03 per share. The ex-dividend date of this dividend was Wednesday, August 7th. This represents a $0.12 annualized dividend and a dividend yield of 1.20%. WisdomTree’s dividend payout ratio is currently 17.65%.

WisdomTree Company Profile

WisdomTree, Inc, through its subsidiaries, operates as an exchange-traded funds (ETFs) sponsor and asset manager. It offers ETFs in equities, currency, fixed income, and alternatives asset classes. The company also licenses its indexes to third parties for proprietary products, as well as offers a platform to promote the use of WisdomTree ETFs in 401(k) plans.