Assets Under Management (AUM) and ETF/ETP Performance - The company's AUM (Assets Under Management) reached $109.7 billion as of June 30, 2024, up from $107.2 billion in the previous quarter[115][116] - The company's U.S. listed ETFs AUM increased from $78.1 billion in Q1 2024 to $79.7 billion in Q2 2024, driven by market appreciation and net inflows[121] - European listed ETPs AUM grew from $29.1 billion in Q1 2024 to $30.0 billion in Q2 2024, despite net outflows of $0.8 billion[121] - Global ETPs end of period assets increased to $109,686 million in June 2024, up from $93,666 million in June 2023[133] - U.S. Listed ETFs saw inflows of $1,106 million in June 2024, compared to $3,249 million in June 2023[133] - European Listed ETPs experienced outflows of $766 million in June 2024, compared to outflows of $922 million in June 2023[133] - U.S. Equity ETPs had inflows of $221 million in June 2024, down from $414 million in June 2023[133] - Commodity & Currency ETPs saw outflows of $1,499 million in June 2024, compared to outflows of $1,513 million in June 2023[133] - Fixed Income ETPs recorded inflows of $236 million in June 2024, a decrease from $1,471 million in June 2023[133] - International Developed Market Equity ETPs had inflows of $1,253 million in June 2024, down from $1,593 million in June 2023[133] - Emerging Market Equity assets increased from $10,726 million at the beginning of the period to $11,875 million at the end, driven by $629 million in market appreciation and $57 million in inflows[134] - Leveraged & Inverse assets grew from $1,828 million to $1,922 million, with $112 million in market appreciation offsetting $18 million in outflows[134] - Cryptocurrency assets decreased from $874 million to $838 million, with $111 million in market depreciation and $75 million in inflows[134] - Average AUM increased by 18.4% from $91,578 million in Q2 2023 to $108,392 million in Q2 2024[135] - Average AUM grew by 17.7% from $89,543 million in H1 2023 to $105,376 million in H1 2024[145] Financial Performance and Revenues - Total revenues increased by 24.9% year-over-year to $107.0 million for the three months ended June 30, 2024[123] - Net income for Q2 2024 was $21.8 million, compared to $54.3 million in the same period last year[123] - Advisory fee revenues rose 20.7% from $82.0 million in Q2 2023 to $98.9 million in Q2 2024, with average advisory fees at 0.37%[136] - Other revenues surged 117.6% from $3.7 million in Q2 2023 to $8.1 million in Q2 2024, driven by European listed products[135] - Advisory fee revenues increased by 19.9% from $159.6 million in H1 2023 to $191.4 million in H1 2024, driven by higher average AUM[146] - Other revenues surged by 53.0% from $8.1 million in H1 2023 to $12.4 million in H1 2024, attributed to European listed products[146] - Adjusted net income for Q2 2024 was $27.1 million, compared to $14.9 million in Q2 2023[164] - Adjusted diluted earnings per share for Q2 2024 was $0.16, compared to $0.09 in Q2 2023[164] Expenses and Compensation - Compensation expense for 2024 is estimated to range from 28% to 29% of revenue, with planned hires and incentive compensation variability factored in[124] - Total operating expenses increased 8.9% from $67.5 million in Q2 2023 to $73.5 million in Q2 2024, with compensation and benefits up 17.0% to $30.8 million[137] - Headcount grew from 291 in June 2023 to 304 in June 2024, contributing to higher compensation costs[138] - Total operating expenses increased by 7.1% from $133.0 million in H1 2023 to $142.4 million in H1 2024[147] - Compensation and benefits expense rose by 15.1% from $53.7 million in H1 2023 to $61.8 million in H1 2024 due to higher incentive and stock-based compensation[149] - Fund management and administration expense increased by 15.0% from $34.9 million in H1 2023 to $40.1 million in H1 2024, driven by higher AUM and product launches[150] - Depreciation and amortization expense surged by 248.3% from $0.2 million in H1 2023 to $0.8 million in H1 2024 due to software development costs[152] Cash Flow and Liquidity - Cash, cash equivalents, and restricted cash increased by $3.2 million in the first half of 2024, reaching $132.5 million[164][166] - Operating cash flows for the first half of 2024 were $31.2 million, compared to $20.0 million in the same period of 2023[165] - Total available liquidity as of June 30, 2024, was $103.6 million, up from $73.1 million at the end of 2023[164] - The company's corporate cash investments totaled $83.0 million as of June 30, 2024, primarily in federal agency debt instruments, WisdomTree fixed income ETFs, U.S. treasuries, and corporate bonds[183] Debt and Financial Instruments - The company issued $130.0 million in 5.75% Convertible Senior Notes due 2028 in February 2023[167] - Financial instruments owned, at fair value, increased to $69.8 million as of June 30, 2024, from $58.7 million at the end of 2023[164] - The company repurchased $115.0 million of 2020 Convertible Notes, resulting in a $9.7 million loss on extinguishment in Q1 2023[167] - The company has $280.0 million in aggregate principal amount of Convertible Notes outstanding, with $150.0 million maturing on June 15, 2026, and $130.0 million maturing on August 15, 2028[172] - The 2023 Convertible Notes have an interest rate of 5.75%, while the 2021 Convertible Notes have an interest rate of 3.25%[168] - The company repurchased 1,096,278 shares of its common stock for an aggregate cost of $7.8 million during the six months ended June 30, 2024, with $88.6 million remaining under the repurchase program[171] - The company repurchased its Series C Preferred Stock from GBH for aggregate cash consideration of approximately $84.4 million on November 20, 2023[173] Guidance and Projections - The company updated its gross margin guidance for 2024 to 80%-81%, up from the previous range of 79%-80%[126] - Discretionary spending for 2024 is projected to be between $64.0 million and $68.0 million, with a skew towards Q4 due to seasonality[125] Blockchain and Digital Assets - The company's blockchain-native digital wallet, WisdomTree Prime, is available in 44 U.S. states, covering approximately 79% of the U.S. population[115] Regulatory and Tax Considerations - The effective income tax rate for H1 2024 was 23.5%, resulting in an income tax expense of $13.5 million, influenced by non-deductible executive compensation and state taxes[161] - The company's subsidiaries are required to maintain a minimum level of regulatory capital, which was approximately $37.0 million in the aggregate as of June 30, 2024[171] Miscellaneous - The company terminated a deferred consideration—gold payments obligation for $137.0 million in Q2 2023[162] - The company repurchased Series C Preferred Stock for $84.4 million in Q4 2023, with $40.0 million paid upfront[162] - The company's total future minimum lease payments with respect to operating lease liabilities were $0.9 million as of June 30, 2024[174] - The company recognized gains of $1.8 million on its financial instruments during the six months ended June 30, 2024[183] - The company's advisory fees are based on a percentage of the ETPs' average daily net assets, with revenue recognized over time as the performance obligation is satisfied[180] - The company's European listed ETPs predominantly earn advisory fees in U.S. dollars, with expenses for corporate overhead generally incurred in British pounds[186]

3.2.00 Data 20 8-5-5-5 (C) 2017-12-24 and many GMS Hopen 8 e 2.25 ROQ $2 8.2.00 Quil 20 70 850.00 al Callery Bo @18.viselo 0 2.25 ROQ areau $2 Neils Christensen Share Neils Christensen has a diploma in journalism from Lethbridge College and has more than a decade of reporting experience working for news organizations throughout Canada. His experiences include covering territorial and federal politics in Nunavut, Canada. He has worked exclusively within the financial sector since 2007, when he started with t ...

WisdomTree, Inc. (WT) could be a solid addition to your portfolio given a notable revision in the company's earnings estimates. While the stock has been gaining lately, the trend might continue since its earnings outlook is still improving. The upward trend in estimate revisions for this company reflects growing optimism of analysts on its earnings prospects, which should get reflected in its stock price. After all, empirical research shows a strong correlation between trends in earnings estimate revisions ...

Growth investors focus on stocks that are seeing above-average financial growth, as this feature helps these securities garner the market's attention and deliver solid returns. But finding a great growth stock is not easy at all. Studies have shown that stocks with the best growth features consistently outperform the market. And for stocks that have a combination of a Growth Score of A or B and a Zacks Rank #1 (Strong Buy) or 2 (Buy), returns are even better. However, the task of finding cutting-edge growth ...

WisdomTree, Inc. (NYSE:WT) Q2 2024 Earnings Conference Call July 26, 2024 11:00 AM ET Company Participants Jessica Zaloom - Head, Corporate Communications Bryan Edmiston - Chief Financial Officer Jarrett Lilien - President & Chief Operating Officer Jono Steinberg - Founder & Chief Executive Officer Jeremy Campbell - Head of Investor Relations Jeremy Schwartz - Global Chief Investment Officer Will Peck - Head, Digital Assets Conference Call Participants Mike Grondahl - Northland Securities Keith Housum - Nor ...

WISDOMTREE® ● .Q2 2024 Results Forward Looking Statements In particular, forward-looking statements in this presentation may include statements about: anticipated trends, conditions and investor sentiment in the global markets and ETPs; anticipated levels of inflows into and outflows out of our ETPs; our ability to deliver favorable rates of return to investors; competition in our business; whether we will experience future growth; our ability to develop new products and services and their potential for suc ...

Here is how WisdomTree, Inc. performed in the just reported quarter in terms of the metrics most widely monitored and projected by Wall Street analysts: | --- | |-------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------- ...

Over the last four quarters, the company has surpassed consensus EPS estimates two times. WisdomTree, Inc. Shares have added about 57.6% since the beginning of the year versus the S&P 500's gain of 13.2%. There are no easy answers to this key question, but one reliable measure that can help investors address this is the company's earnings outlook. Not only does this include current consensus earnings expectations for the coming quarter(s), but also how these expectations have changed lately. It will be inte ...

WisdomTree Announces Second Quarter 2024 Results 940 bps of Operating Margin Expansion vs. YTD June 30, 2023 New York, NY – (Business Wire) – July 26, 2024 – WisdomTree, Inc. (NYSE: WT), a global financial innovator, today reported financial results for the second quarter of 2024. $109.7 billion of ending AUM, an increase of 2.3% from the prior quarter arising from market appreciation and net inflows. 0.37% average advisory fee, a 1 basis point increase from the prior quarter. 81.2% gross margin, a 1.8 poin ...

Momentum investing revolves around the idea of following a stock's recent trend in either direction. In the 'long' context, investors will be essentially be "buying high, but hoping to sell even higher." With this methodology, taking advantage of trends in a stock's price is key; once a stock establishes a course, it is more than likely to continue moving that way. The goal is that once a stock heads down a fixed path, it will lead to timely and profitable trades. Below, we take a look at WisdomTree, Inc. ( ...