Marshall Wace LLP Cuts Stake in WisdomTree, Inc. (NYSE:WT)

Marshall Wace LLP reduced its stake in shares of WisdomTree, Inc. (NYSE:WT - Free Report) by 29.4% in the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 264,016 shares of the company's stock after selling 109,928 shares during the period. Marshall Wace LLP owned about 0.18% of WisdomTree worth $2,772,000 at the end of the most recent reporting period.

Several other large investors also recently modified their holdings of the stock. Principal Financial Group Inc. grew its holdings in WisdomTree by 26.9% during the 3rd quarter. Principal Financial Group Inc. now owns 708,842 shares of the company's stock valued at $7,081,000 after buying an additional 150,257 shares in the last quarter. Truist Financial Corp increased its holdings in WisdomTree by 142.9% during the 4th quarter. Truist Financial Corp now owns 73,579 shares of the company's stock worth $773,000 after acquiring an additional 43,293 shares during the period. Barclays PLC lifted its stake in WisdomTree by 201.3% in the 3rd quarter. Barclays PLC now owns 268,668 shares of the company's stock worth $2,684,000 after purchasing an additional 179,493 shares in the last quarter. Caas Capital Management LP boosted its holdings in WisdomTree by 73.8% in the 4th quarter. Caas Capital Management LP now owns 129,184 shares of the company's stock valued at $1,356,000 after purchasing an additional 54,863 shares during the period. Finally, Gabelli Funds LLC grew its position in shares of WisdomTree by 448.6% during the 4th quarter. Gabelli Funds LLC now owns 109,717 shares of the company's stock valued at $1,152,000 after purchasing an additional 89,717 shares in the last quarter. Hedge funds and other institutional investors own 78.64% of the company's stock.

Analyst Upgrades and Downgrades

WT has been the topic of a number of recent analyst reports. The Goldman Sachs Group lowered their price objective on WisdomTree from $9.75 to $8.50 and set a "sell" rating on the stock in a research report on Monday, April 14th. Northcoast Research cut WisdomTree from a "buy" rating to a "neutral" rating in a report on Thursday, January 2nd. Finally, Keefe, Bruyette & Woods cut their price objective on WisdomTree from $12.00 to $10.50 and set a "market perform" rating for the company in a report on Tuesday, January 14th. One investment analyst has rated the stock with a sell rating, two have issued a hold rating and four have given a buy rating to the company. According to MarketBeat, the company presently has an average rating of "Hold" and a consensus target price of $12.42.

WisdomTree Trading Up 3.5 %

Shares of WT traded up $0.31 during mid-day trading on Friday, reaching $9.04. The company's stock had a trading volume of 539,657 shares, compared to its average volume of 1,530,662. WisdomTree, Inc. has a 52 week low of $7.47 and a 52 week high of $12.45. The stock has a market cap of $1.33 billion, a PE ratio of 29.18 and a beta of 1.26. The company's fifty day moving average price is $8.59 and its two-hundred day moving average price is $9.82. The company has a current ratio of 2.92, a quick ratio of 2.13 and a debt-to-equity ratio of 1.28.

WisdomTree (NYSE:WT - Get Free Report) last posted its quarterly earnings results on Friday, May 2nd. The company reported $0.16 earnings per share for the quarter, hitting the consensus estimate of $0.16. WisdomTree had a net margin of 15.59% and a return on equity of 24.67%. During the same period in the prior year, the firm earned $0.12 earnings per share. WisdomTree's revenue was up 11.7% on a year-over-year basis. On average, analysts predict that WisdomTree, Inc. will post 0.72 earnings per share for the current fiscal year.

Insider Activity at WisdomTree

In other news, insider Alexis Marinof sold 90,980 shares of the company's stock in a transaction dated Tuesday, February 4th. The shares were sold at an average price of $9.87, for a total transaction of $897,972.60. Following the completion of the transaction, the insider now directly owns 221,146 shares of the company's stock, valued at approximately $2,182,711.02. This represents a 29.15 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. 7.80% of the stock is currently owned by company insiders.

WisdomTree 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.