Financial Performance - WisdomTree reported a record AUM of $112.6 billion, a 2.6% increase from the prior quarter, driven by market appreciation despite $2.4 billion in net outflows[2] - The company experienced a diluted loss per share of -$0.13, while adjusted earnings per share increased by 80% year-over-year to $0.18[5] - Operating revenues reached $113.2 million, reflecting a 5.7% increase from the previous quarter due to higher average AUM[2] - Operating revenues increased by 5.7% from Q2 2024 and by 25.2% from Q3 2023, reaching $113.168 million in Q3 2024, driven by higher average AUM and additional revenues[11] - Operating revenues increased by 22.8% compared to 2023, driven by higher average AUM and recognition of $4.1 million in other revenue related to legal expenses[15] - Adjusted net income for Q3 2024 was $28,768,000, compared to $27,075,000 in Q2 2024, reflecting a 6.3% increase[30] - Adjusted earnings per share (EPS) for Q3 2024 was $0.18, up from $0.16 in Q2 2024, representing a 12.5% increase[30] - The company reported a net loss of $4,485,000 for Q3 2024, a significant improvement from a net loss of $21,759,000 in Q2 2024[30] Operating Efficiency - The adjusted operating income margin improved to 37.3%, an increase of 2.0 points compared to the prior quarter, attributed to higher revenues[3] - Total operating expenses for Q3 2024 were $72,376,000, compared to $73,523,000 in Q2 2024, indicating a decrease of 1.6%[32] - Adjusted total operating expenses for Q3 2024 were $68,715,000, down from $69,252,000 in Q2 2024, a reduction of 0.8%[32] - Adjusted operating income for Q3 2024 was $40,792,000, compared to $33,511,000 in Q2 2024, reflecting a significant increase of 21.5%[30] - Adjusted operating income margin for Q3 2024 was 37.3%, up from 35.3% in Q2 2024, indicating improved operational efficiency[30] Shareholder Actions - WisdomTree repurchased $198.8 million worth of shares, including all Series A Non-Voting Convertible Preferred Stock from ETFS Capital Limited[3] - WisdomTree declared a quarterly dividend of $0.03, payable on November 20, 2024[4] - The company repurchased Series A Non-Voting Convertible Preferred Stock for $143,812,000 during the period, indicating a significant capital allocation strategy[25] Debt and Interest - The company issued $345.0 million in convertible senior notes due 2029, with a conversion price of $11.82 per share[4] - Interest expense rose by 21.4% from Q2 2024 and by 45.2% from Q3 2023, reflecting a higher level of debt[13] - Interest income increased by 24.8% from Q2 2024 and by 126.9% from Q3 2023, due to a higher level of interest-earning assets[13] - The company reported a loss on extinguishment of convertible notes amounting to $30.6 million due to the repurchase of $104.2 million in 2028 Notes[15] - The company reported a loss on extinguishment of convertible notes of $30,632,000 for the nine months ended September 30, 2024, compared to $9,721,000 in the same period of 2023, which is an increase of 215.5%[25] Taxation - The effective income tax rate for Q3 2024 was 216.0%, resulting in an income tax expense of $8.4 million[14] - The adjusted effective income tax rate for Q3 2024 was 23.9%[14] - The effective income tax rate for 2024 was 35.6%, resulting in an income tax expense of $21.8 million, influenced by non-deductible losses and penalties[16] - Adjusted income tax expense for September 30, 2024, was $9,049 million, compared to $9,008 million in June 2024, and $6,731 million in March 2024[34] - The adjusted effective income tax rate decreased to 23.9% in September 2024 from 25.0% in June 2024[34] - Income tax expense increased to $8,351 million in September 2024 from $7,767 million in June 2024[34] Product Development and Innovation - WisdomTree launched WisdomTree Connect, a platform for tokenized real-world assets, expanding access to a broader range of users[7] - New products launched include WisdomTree Core Physical Silver and WisdomTree European Natural Gas, expanding the company's product offerings[9] - The company is developing next-generation digital products, including blockchain-enabled mutual funds and a digital wallet, WisdomTree Prime[17] - The company is focused on expanding its digital assets and blockchain-enabled financial services, including WisdomTree Prime and WisdomTree Connect[36] Market and Asset Management - Total assets under management globally reached approximately $112.9 billion[17] - Average assets during the nine months ended September 30, 2024, were $110.4 billion, reflecting growth from $95.7 billion in the same period last year[20] - The number of ETPs at the end of the period increased to 352, up from 344 in the previous year[20] - The company reported a net inflow of $201 thousand in cryptocurrency assets during the period, with end-of-period assets reaching $1,054 thousand[21] - Emerging Market Equity assets grew to $12,452 thousand, up from $11,875 thousand, indicating an increase of about 4.8%[21] - Average assets during the period for International Developed Market Equity were $18,636 thousand, compared to $13,873 thousand in the previous year, showing a growth of approximately 34.0%[21] Workforce and Operational Changes - The company’s headcount increased to 314 from 304, reflecting a growth in workforce[21] - Compensation and benefits payable decreased to $30,087 thousand from $38,111 thousand, a reduction of approximately 21.5%[23] - Operating expenses decreased by 1.6% from Q2 2024 to $72.376 million, primarily due to lower incentive compensation[12] - Operating expenses rose by 9.2% compared to 2023, primarily due to increased compensation expenses and headcount, totaling $4.1 million in legal expenses related to the SEC ESG Settlement[15] Risks and Future Outlook - The company anticipates trends in global markets and ETPs, with a focus on maintaining favorable rates of return for investors[36] - The company faces risks from declining prices of securities and commodities, which could adversely affect its business[36] - A significant portion of the company's assets under management (AUM) is exposed to U.S. and international developed markets, leading to currency exchange rate risks[36] - The company is subject to operational and regulatory risks as it expands its business internationally[36] - The company has no current intention to update its forward-looking statements except as required by law[36]

Growth stocks are attractive to many investors, as above-average financial growth helps these stocks easily grab the market's attention and produce exceptional returns. However, it isn't easy to find a great growth stock.In addition to volatility, these stocks carry above-average risk by their very nature. Also, one could end up losing from a stock whose growth story is actually over or nearing its end.However, it's pretty easy to find cutting-edge growth stocks with the help of the Zacks Growth Style Score ...

Have you been searching for a stock that might be well-positioned to maintain its earnings-beat streak in its upcoming report? It is worth considering WisdomTree, Inc. (WT) , which belongs to the Zacks Financial - Miscellaneous Services industry.This company has an established record of topping earnings estimates, especially when looking at the previous two reports. The company boasts an average surprise for the past two quarters of 11.69%.For the last reported quarter, WisdomTree, Inc. Came out with earnin ...

WisdomTree, Inc. (WT) could be a solid choice for investors given its recent upgrade to a Zacks Rank #1 (Strong Buy). This rating change essentially reflects an upward trend in earnings estimates -- one of the most powerful forces impacting stock prices. The Zacks rating relies solely on a company's changing earnings picture. It tracks EPS estimates for the current and following years from the sell-side analysts covering the stock through a consensus measure -- the Zacks Consensus Estimate. The power of a c ...

Core Viewpoint - The WisdomTree U.S. High Yield Corporate Bond ETF (QHY) offers investors exposure to the high-yield corporate bond market, aiming to match the performance of the WisdomTree U.S. High Yield Corporate Bond Index, which focuses on issuers with attractive fundamental and income characteristics [1][3]. Fund Overview - QHY was launched on April 27, 2016, and has accumulated over $220.56 million in assets, categorizing it as an average-sized ETF in the high-yield bond space [1][3]. - The fund is managed by WisdomTree and seeks to replicate the performance of a rule-based alternatively weighted index [3]. Cost Structure - The annual operating expenses for QHY are 0.38%, which is competitive within its peer group [4]. - The fund's 12-month trailing dividend yield is reported at 6.26% [4]. Holdings and Sector Exposure - The fund's top holdings include ViacomCBS Inc (4.95% due 1/15/2031) and Organon Finance 1 LLC (5.125% due 4/30/2031), with the top 10 holdings accounting for approximately 8.14% of total assets [5]. - The fund has a diversified portfolio with about 479 holdings, which helps mitigate company-specific risk [6][7]. Performance Metrics - As of October 18, 2024, QHY has increased by approximately 3.97% year-to-date and has remained flat over the past year [6]. - The ETF has traded within a range of $44.85 to $46.48 over the past 52 weeks [6]. Alternatives in the Market - Other ETFs in the high-yield bond space include iShares iBoxx $ High Yield Corporate Bond ETF (HYG) and iShares Broad USD High Yield Corporate Bond ETF (USHY), with assets of $14.46 billion and $19.95 billion respectively [7]. - HYG has an expense ratio of 0.49%, while USHY charges 0.08%, indicating potential alternatives for cost-conscious investors [7].

NEW YORK, Sept. 09, 2024 (GLOBE NEWSWIRE) -- Bragar Eagel & Squire, P.C., a nationally recognized shareholder rights law firm, is investigating potential claims against WisdomTree, Inc. (NYSE:WT) and Franklin Resources, Inc. (NYSE: BEN). Our investigations concern whether these companies have violated the federal securities laws and/or engaged in other unlawful business practices. Additional information about each case can be found at the link provided. WisdomTree, Inc. (NYSE:WT) On August 6, 2024, WisdomTr ...

WisdomTree, Inc. (WT) has been on a downward spiral lately with significant selling pressure. After declining 6.4% over the past four weeks, the stock looks well positioned for a trend reversal as it is now in oversold territory and there is strong agreement among Wall Street analysts that the company will report better earnings than they predicted earlier. Here is How to Spot Oversold Stocks We use Relative Strength Index (RSI), one of the most commonly used technical indicators, for spotting whether a sto ...

Core Viewpoint - Investors are seeking growth stocks that can deliver above-average growth and exceptional returns, but identifying such stocks can be challenging due to inherent risks and volatility [1] Group 1: Growth Stock Identification - The Zacks Growth Style Score system aids in identifying promising growth stocks by analyzing real growth prospects beyond traditional metrics [2] - WisdomTree, Inc. (WT) is highlighted as a recommended stock with a favorable Growth Score and a top Zacks Rank [2] Group 2: Earnings Growth - Earnings growth is crucial for investors, with double-digit growth being a strong indicator of future stock price gains [3] - WisdomTree, Inc. has a historical EPS growth rate of 11.4%, but projected EPS growth for this year is expected to be 67.6%, significantly higher than the industry average of 13.5% [4] Group 3: Asset Utilization - The asset utilization ratio, or sales-to-total-assets (S/TA) ratio, is an important metric for growth investing, indicating how efficiently a company generates sales from its assets [5] - WisdomTree, Inc. has an S/TA ratio of 0.41, outperforming the industry average of 0.21, indicating higher efficiency in generating sales [6] Group 4: Sales Growth - WisdomTree, Inc. is also well-positioned for sales growth, with expected sales growth of 21.3% this year compared to the industry average of 1% [6] Group 5: Earnings Estimate Revisions - Trends in earnings estimate revisions are correlated with near-term stock price movements, with positive revisions being favorable [7] - Current-year earnings estimates for WisdomTree, Inc. have been revised upward, with the Zacks Consensus Estimate increasing by 2.2% over the past month [8] Group 6: Overall Assessment - WisdomTree, Inc. has achieved a Zacks Rank of 2 and a Growth Score of B based on various favorable metrics, indicating its potential as a solid choice for growth investors [8][9]

If you're interested in broad exposure to the Large Cap Value segment of the US equity market, look no further than the WisdomTree U.S. LargeCap ETF (EPS) , a passively managed exchange traded fund launched on 02/23/2007. The fund is sponsored by Wisdomtree. It has amassed assets over $964.81 million, making it one of the average sized ETFs attempting to match the Large Cap Value segment of the US equity market. Why Large Cap Value Companies that find themselves in the large cap category typically have a ma ...

NEW YORK, Aug. 30, 2024 /PRNewswire/ -- Wolf Haldenstein Adler Freeman & Herz LLP ("Wolf Haldenstein"), a preeminent national shareholder rights litigation firm, announces that it is investigating claims on behalf of investors in WisdomTree. Inc. (NYSE: WT) ("WisdomTree" or the "Company") The investigation focuses on whether the Company issued false and/or misleading statements and/or did not disclose information pertinent to investors. PLEASE CLICK HERE TO PROVIDE YOUR CONTACT INFORMATION On August 6, 2024 ...