Raymond James Financial Inc. Acquires Shares of 405,946 WisdomTree, Inc. (NYSE:WT)

Raymond James Financial Inc. bought a new position in WisdomTree, Inc. (NYSE:WT - Free Report) during the fourth quarter, according to the company in its most recent 13F filing with the SEC. The fund bought 405,946 shares of the company's stock, valued at approximately $4,262,000. Raymond James Financial Inc. owned about 0.28% of WisdomTree as of its most recent SEC filing.

Several other institutional investors also recently modified their holdings of WT. Navellier & Associates Inc. increased its stake in shares of WisdomTree by 11.4% during the 4th quarter. Navellier & Associates Inc. now owns 15,226 shares of the company's stock worth $160,000 after purchasing an additional 1,556 shares during the last quarter. Federated Hermes Inc. increased its position in WisdomTree by 60.7% in the fourth quarter. Federated Hermes Inc. now owns 4,705 shares of the company's stock worth $49,000 after buying an additional 1,777 shares during the last quarter. EntryPoint Capital LLC increased its position in WisdomTree by 6.7% in the fourth quarter. EntryPoint Capital LLC now owns 29,622 shares of the company's stock worth $311,000 after buying an additional 1,870 shares during the last quarter. Bank of Montreal Can raised its stake in shares of WisdomTree by 11.6% in the fourth quarter. Bank of Montreal Can now owns 18,702 shares of the company's stock valued at $196,000 after buying an additional 1,951 shares during the period. Finally, Smartleaf Asset Management LLC lifted its position in shares of WisdomTree by 173.3% during the 4th quarter. Smartleaf Asset Management LLC now owns 3,793 shares of the company's stock valued at $39,000 after buying an additional 2,405 shares during the last quarter. 78.64% of the stock is owned by institutional investors.

Analyst Ratings Changes

A number of equities research analysts recently issued reports on WT shares. 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 note on Monday, April 14th. Keefe, Bruyette & Woods lowered their price target on shares of WisdomTree from $12.00 to $10.50 and set a "market perform" rating on the stock in a research report on Tuesday, January 14th. Finally, Northcoast Research downgraded shares of WisdomTree from a "buy" rating to a "neutral" rating in a report on Thursday, January 2nd. One analyst has rated the stock with a sell rating, two have assigned a hold rating and four have issued a buy rating to the company's stock. Based on data from MarketBeat.com, WisdomTree presently has an average rating of "Hold" and a consensus price target of $12.42.

WisdomTree Price Performance

NYSE WT traded up $0.25 on Friday, hitting $8.98. The stock had a trading volume of 467,943 shares, compared to its average volume of 1,530,281. The firm has a 50-day moving average of $8.59 and a 200-day moving average of $9.82. The company has a market capitalization of $1.32 billion, a price-to-earnings ratio of 28.95 and a beta of 1.26. The company has a debt-to-equity ratio of 1.28, a quick ratio of 2.13 and a current ratio of 2.92. WisdomTree, Inc. has a 52-week low of $7.47 and a 52-week high of $12.45.

WisdomTree (NYSE:WT - Get Free Report) last posted its earnings results on Friday, May 2nd. The company reported $0.16 EPS for the quarter, hitting the consensus estimate of $0.16. WisdomTree had a return on equity of 24.67% and a net margin of 15.59%. The business's revenue for the quarter was up 11.7% compared to the same quarter last year. During the same quarter in the previous year, the business earned $0.12 earnings per share. Equities analysts expect that WisdomTree, Inc. will post 0.72 EPS for the current year.

Insiders Place Their Bets

In other news, insider Alexis Marinof sold 90,980 shares of the company's stock in a transaction on Tuesday, February 4th. The shares were sold at an average price of $9.87, for a total value of $897,972.60. Following the completion of the sale, the insider now owns 221,146 shares of the company's stock, valued at approximately $2,182,711.02. This represents a 29.15 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Corporate insiders own 7.80% of the company's stock.

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.