WisdomTree, Inc. (NYSE:WT) Shares Sold by First Trust Advisors LP

First Trust Advisors LP reduced its position in shares of WisdomTree, Inc. (NYSE:WT - Free Report) by 27.0% in the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 365,138 shares of the company's stock after selling 135,151 shares during the period. First Trust Advisors LP owned about 0.25% of WisdomTree worth $3,834,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors have also modified their holdings of WT. Smartleaf Asset Management LLC boosted its position in WisdomTree by 173.3% in 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 period. Federated Hermes Inc. grew its stake in WisdomTree by 60.7% during the 4th quarter. Federated Hermes Inc. now owns 4,705 shares of the company's stock worth $49,000 after purchasing an additional 1,777 shares in the last quarter. Stonebridge Financial Group LLC purchased a new stake in WisdomTree during the 4th quarter worth about $60,000. KBC Group NV raised its position in WisdomTree by 48.4% in the 4th quarter. KBC Group NV now owns 7,792 shares of the company's stock valued at $82,000 after purchasing an additional 2,540 shares in the last quarter. Finally, Xponance Inc. purchased a new position in shares of WisdomTree in the 4th quarter valued at about $105,000. 78.64% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

WT has been the topic of several analyst reports. Keefe, Bruyette & Woods reduced their target price on shares of WisdomTree from $12.00 to $10.50 and set a "market perform" rating on the stock in a report on Tuesday, January 14th. The Goldman Sachs Group reduced their price objective on shares of WisdomTree from $9.75 to $8.50 and set a "sell" rating on the stock in a report on Monday, April 14th. One investment analyst has rated the stock with a sell rating, two have given a hold rating and four have assigned a buy rating to the company. According to data from MarketBeat, the stock has an average rating of "Hold" and an average target price of $12.42.

Insiders Place Their Bets

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 value of $897,972.60. Following the completion of the sale, 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 filing with the Securities & Exchange Commission, which is accessible through this hyperlink. 7.80% of the stock is currently owned by corporate insiders.

WisdomTree Trading Up 4.9 %

Shares of WisdomTree stock opened at $9.16 on Friday. 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 company has a fifty day simple moving average of $8.59 and a 200-day simple moving average of $9.82. The stock has a market cap of $1.35 billion, a price-to-earnings ratio of 29.55 and a beta of 1.26. WisdomTree, Inc. has a 12-month low of $7.47 and a 12-month high of $12.45.

WisdomTree (NYSE:WT - Get Free Report) last released its quarterly earnings data on Friday, May 2nd. The company reported $0.16 earnings per share (EPS) for the quarter, meeting the consensus estimate 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 during the quarter, compared to the consensus estimate of $108.47 million. During the same quarter in the prior year, the firm posted $0.12 earnings per share. WisdomTree's revenue for the quarter was up 11.7% on a year-over-year basis. On average, equities analysts forecast that WisdomTree, Inc. will post 0.72 EPS for the current fiscal year.

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.

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