WisdomTree, Inc. (NYSE:WT) Shares Sold by Voya Investment Management LLC

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

Several other large investors have also modified their holdings of the stock. Smartleaf Asset Management LLC boosted its stake in WisdomTree by 173.3% in the fourth quarter. Smartleaf Asset Management LLC now owns 3,793 shares of the company's stock valued at $39,000 after acquiring an additional 2,405 shares in the last quarter. Federated Hermes Inc. boosted its position in shares of WisdomTree by 60.7% in the 4th quarter. Federated Hermes Inc. now owns 4,705 shares of the company's stock valued at $49,000 after purchasing an additional 1,777 shares during the period. Stonebridge Financial Group LLC purchased a new position in WisdomTree during the 4th quarter worth approximately $60,000. KBC Group NV increased its position in WisdomTree by 48.4% during the fourth quarter. KBC Group NV now owns 7,792 shares of the company's stock worth $82,000 after buying an additional 2,540 shares during the period. Finally, Xponance Inc. purchased a new stake in WisdomTree in the fourth quarter valued at approximately $105,000. Institutional investors and hedge funds own 78.64% of the company's stock.

WisdomTree Stock Performance

Shares of WisdomTree stock traded down $0.06 on Tuesday, reaching $9.14. 94,138 shares of the stock were exchanged, compared to its average volume of 1,535,595. 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 firm has a market capitalization of $1.34 billion, a PE ratio of 29.50 and a beta of 1.07. WisdomTree, Inc. has a 1-year low of $7.47 and a 1-year high of $12.45. The business has a fifty day moving average price of $8.59 and a two-hundred day moving average price of $9.80.

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, meeting the consensus estimate of $0.16. WisdomTree had a return on equity of 24.67% and a net margin of 15.59%. The business had revenue of $108.08 million during the quarter, compared to analysts' expectations of $108.47 million. During the same period last year, the firm earned $0.12 EPS. The company's quarterly revenue was up 11.7% compared to the same quarter last year. As a group, research analysts anticipate that WisdomTree, Inc. will post 0.72 earnings per share for the current fiscal year.

WisdomTree Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Wednesday, May 28th. Shareholders of record on Wednesday, May 14th will be given a dividend of $0.03 per share. The ex-dividend date is Wednesday, May 14th. This represents a $0.12 annualized dividend and a dividend yield of 1.31%. WisdomTree's payout ratio is currently 34.29%.

Analysts Set New Price Targets

Several analysts recently commented on the stock. 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. The Goldman Sachs Group decreased their target price on shares of WisdomTree from $9.75 to $8.50 and set a "sell" rating for the company in a research note on Monday, April 14th. One research analyst has rated the stock with a sell rating, two have issued a hold rating and four have given a buy rating to the stock. Based on data from MarketBeat.com, the stock has a consensus rating of "Hold" and an average target price 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.