Voya Investment Management LLC Sells 45,493 Shares of WisdomTree, Inc. (NYSE:WT)

Voya Investment Management LLC cut its stake in shares of WisdomTree, Inc. (NYSE:WT - Free Report) by 9.1% in the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 456,947 shares of the company's stock after selling 45,493 shares during the period. Voya Investment Management LLC owned 0.31% of WisdomTree worth $4,798,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently made changes to their positions in the company. Barclays PLC grew its position in WisdomTree by 201.3% in the third quarter. Barclays PLC now owns 268,668 shares of the company's stock valued at $2,684,000 after acquiring an additional 179,493 shares during the last quarter. Franklin Resources Inc. acquired a new position in shares of WisdomTree in the third quarter worth approximately $888,000. Principal Financial Group Inc. boosted its holdings in WisdomTree by 26.9% in the third quarter. Principal Financial Group Inc. now owns 708,842 shares of the company's stock valued at $7,081,000 after acquiring an additional 150,257 shares during the last quarter. Nordea Investment Management AB increased its position in WisdomTree by 2.6% during the 4th quarter. Nordea Investment Management AB now owns 391,208 shares of the company's stock valued at $4,100,000 after purchasing an additional 9,912 shares during the period. Finally, Cooper Financial Group acquired a new position in shares of WisdomTree in the 4th quarter worth approximately $111,000. Institutional investors and hedge funds own 78.64% of the company's stock.

WisdomTree Stock Performance

Shares of NYSE:WT traded up $0.43 during midday trading on Friday, reaching $9.16. The company had a trading volume of 2,343,985 shares, compared to its average volume of 1,541,542. WisdomTree, Inc. has a 52-week low of $7.47 and a 52-week high of $12.45. The company's 50 day moving average price is $8.59 and its 200 day moving average price is $9.81. The company has a current ratio of 2.92, a quick ratio of 2.13 and a debt-to-equity ratio of 1.28. The stock has a market cap of $1.35 billion, a P/E ratio of 29.55 and a beta of 1.26.

WisdomTree (NYSE:WT - Get Free Report) last posted its quarterly earnings results on Friday, May 2nd. The company reported $0.16 EPS for the quarter, hitting analysts' consensus estimates of $0.16. WisdomTree had a net margin of 15.59% and a return on equity of 24.67%. The company had revenue of $108.08 million for the quarter, compared to analysts' expectations of $108.47 million. During the same quarter in the previous year, the firm posted $0.12 EPS. WisdomTree's revenue was up 11.7% on a year-over-year basis. As a group, sell-side analysts anticipate that WisdomTree, Inc. will post 0.72 EPS for the current fiscal year.

Insider Activity

In other WisdomTree news, insider Alexis Marinof sold 90,980 shares of WisdomTree stock in a transaction on Tuesday, February 4th. The stock was 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 trade represents a 29.15 % decrease in their position. The transaction 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.

Wall Street Analysts Forecast Growth

Several research analysts have issued reports on the company. The Goldman Sachs Group cut their price target on WisdomTree from $9.75 to $8.50 and set a "sell" rating on the stock in a report on Monday, April 14th. Keefe, Bruyette & Woods reduced their price target on shares of WisdomTree from $12.00 to $10.50 and set a "market perform" rating for the company in a research report on Tuesday, January 14th. 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 stock. Based on data from MarketBeat.com, WisdomTree presently has a consensus rating of "Hold" and a consensus price target of $12.42.

WisdomTree Company 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.