WisdomTree, Inc. $WT Stock Holdings Lessened by Mutual of America Capital Management LLC

Mutual of America Capital Management LLC trimmed its stake in WisdomTree, Inc. (NYSE:WT) by 10.7% in the second quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 14,886 shares of the company’s stock after selling 1,778 shares during the quarter. Mutual of America Capital Management LLC’s holdings in WisdomTree were worth $171,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Maryland State Retirement & Pension System raised its holdings in shares of WisdomTree by 2.3% during the second quarter. Maryland State Retirement & Pension System now owns 34,056 shares of the company’s stock worth $392,000 after acquiring an additional 778 shares in the last quarter. Sheaff Brock Investment Advisors LLC raised its holdings in shares of WisdomTree by 2.8% during the first quarter. Sheaff Brock Investment Advisors LLC now owns 42,908 shares of the company’s stock worth $383,000 after acquiring an additional 1,155 shares in the last quarter. Freedom Investment Management Inc. raised its holdings in shares of WisdomTree by 13.9% during the first quarter. Freedom Investment Management Inc. now owns 18,043 shares of the company’s stock worth $161,000 after acquiring an additional 2,204 shares in the last quarter. Truist Financial Corp raised its stake in shares of WisdomTree by 3.7% during the 2nd quarter. Truist Financial Corp now owns 86,237 shares of the company’s stock worth $993,000 after purchasing an additional 3,085 shares in the last quarter. Finally, Quarry LP raised its stake in shares of WisdomTree by 112.4% during the 1st quarter. Quarry LP now owns 5,944 shares of the company’s stock worth $53,000 after purchasing an additional 3,145 shares in the last quarter. Hedge funds and other institutional investors own 78.64% of the company’s stock.

WisdomTree Stock Performance

Shares of WT opened at $11.57 on Friday. The company has a market capitalization of $1.70 billion, a PE ratio of 29.67 and a beta of 1.13. WisdomTree, Inc. has a one year low of $7.47 and a one year high of $14.95. The company has a debt-to-equity ratio of 0.82, a current ratio of 1.44 and a quick ratio of 1.04. The company’s fifty day moving average price is $13.44 and its 200 day moving average price is $11.80.

WisdomTree (NYSE:WT) last announced its earnings results on Thursday, July 31st. The company reported $0.18 EPS for the quarter, hitting the consensus estimate of $0.18. The firm had revenue of $112.60 million for the quarter, compared to the consensus estimate of $110.66 million. WisdomTree had a net margin of 16.25% and a return on equity of 25.17%. The business’s quarterly revenue was up 5.2% on a year-over-year basis. During the same quarter last year, the firm posted $0.16 EPS. As a group, analysts expect that WisdomTree, Inc. will post 0.72 earnings per share for the current year.

Analysts Set New Price Targets

A number of equities research analysts have recently weighed in on the company. Morgan Stanley raised their price target on WisdomTree from $12.50 to $13.50 and gave the stock an “equal weight” rating in a research note on Monday, October 6th. Oppenheimer raised their price objective on shares of WisdomTree from $12.00 to $15.00 and gave the company an “outperform” rating in a research report on Tuesday, July 22nd. The Goldman Sachs Group raised their price objective on shares of WisdomTree from $12.25 to $14.50 and gave the company a “neutral” rating in a research report on Monday, October 6th. Craig Hallum restated a “buy” rating on shares of WisdomTree in a report on Monday, August 4th. Finally, Weiss Ratings upgraded shares of WisdomTree from a “hold (c+)” rating to a “buy (b-)” rating in a report on Wednesday, October 8th. Four analysts have rated the stock with a Buy rating and three have given a Hold rating to the stock. According to MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average target price of $14.08.

Insider Activity at WisdomTree

In other news, COO R Jarrett Lilien sold 25,000 shares of WisdomTree stock in a transaction dated Tuesday, August 12th. The stock was sold at an average price of $13.33, for a total value of $333,250.00. Following the transaction, the chief operating officer directly owned 1,048,638 shares in the company, valued at approximately $13,978,344.54. The trade was a 2.33% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Insiders own 9.30% of the company’s stock.

About WisdomTree

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.