From Investing.com: 2024-04-29 12:19:21

WisdomTree reported strong financial results for Q1 2024, with $2 billion in net inflows and record AUM of $107.2 billion. Revenue increased by 6.6% quarterly and 18% yearly, with adjusted operating margins expanding by 820 basis points. The company expects further margin expansion and accelerated EPS growth due to organic growth and favorable market conditions.
Key highlights include the company’s trust charter from the New York State Department of Financial Services for onboarding customers to WisdomTree Prime and the launch of a debit card for Prime users. While facing challenges in the European business, WisdomTree’s successful penetration into major advisory platforms and significant flows into higher fee products in the US are driving revenue growth.
Analysts are optimistic about WisdomTree’s future performance with six upward revisions in earnings. The company’s market capitalization of $1.3 billion, P/E ratio of 12.74, and PEG ratio of 0.31 indicate a balance between growth potential and earnings strength. Investors can access more insights and analysis on InvestingPro to inform their investment decisions.



Read more at Investing.com: WisdomTree sees growth with $2B inflows, record AUM By Investing.com