ArrowMark Colorado Holdings LLC Decreases Stock Holdings in WisdomTree, Inc. $WT

ArrowMark Colorado Holdings LLC reduced its stake in shares of WisdomTree, Inc. (NYSE:WT) by 24.2% during the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 3,292,145 shares of the company’s stock after selling 1,048,747 shares during the period. ArrowMark Colorado Holdings LLC owned 2.34% of WisdomTree worth $45,761,000 as of its most recent SEC filing.

A number of other large investors have also made changes to their positions in WT. First Horizon Corp acquired a new stake in shares of WisdomTree in the 3rd quarter worth $32,000. Neo Ivy Capital Management acquired a new position in shares of WisdomTree during the 3rd quarter valued at about $37,000. Federated Hermes Inc. grew its holdings in shares of WisdomTree by 105.7% in the third quarter. Federated Hermes Inc. now owns 3,011 shares of the company’s stock valued at $42,000 after purchasing an additional 1,547 shares during the period. Traub Capital Management LLC purchased a new stake in shares of WisdomTree in the second quarter valued at about $58,000. Finally, Wealth Enhancement Advisory Services LLC purchased a new stake in shares of WisdomTree in the 3rd quarter valued at approximately $118,000. 78.64% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

A number of research firms have recently weighed in on WT. Weiss Ratings reiterated a “buy (b-)” rating on shares of WisdomTree in a report on Wednesday, January 21st. Wall Street Zen raised shares of WisdomTree from a “hold” rating to a “buy” rating in a research note on Saturday, February 28th. The Goldman Sachs Group upped their price objective on shares of WisdomTree from $14.00 to $15.50 and gave the stock a “neutral” rating in a report on Monday, February 2nd. Zacks Research raised shares of WisdomTree from a “hold” rating to a “strong-buy” rating in a research report on Wednesday, February 25th. Finally, Morgan Stanley set a $16.75 target price on shares of WisdomTree in a report on Tuesday, February 10th. One research analyst has rated the stock with a Strong Buy rating, four have issued a Buy rating and two have issued a Hold rating to the stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average price target of $17.65.

WisdomTree Stock Performance

NYSE WT opened at $15.25 on Friday. The company has a debt-to-equity ratio of 1.94, a current ratio of 1.75 and a quick ratio of 1.37. The company has a market cap of $2.16 billion, a P/E ratio of 20.33 and a beta of 1.09. The stock has a 50-day moving average of $15.83 and a two-hundred day moving average of $13.71. WisdomTree, Inc. has a 1-year low of $7.47 and a 1-year high of $17.68.

WisdomTree (NYSE:WT) last issued its quarterly earnings results on Friday, January 30th. The company reported $0.29 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.23 by $0.06. WisdomTree had a net margin of 22.10% and a return on equity of 30.24%. The business had revenue of $147.43 million for the quarter, compared to analysts’ expectations of $142.78 million. During the same quarter in the prior year, the company earned $0.17 earnings per share. The business’s quarterly revenue was up 33.2% on a year-over-year basis. As a group, analysts anticipate that WisdomTree, Inc. will post 0.72 EPS for the current year.

WisdomTree Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Wednesday, February 25th. Shareholders of record on Wednesday, February 11th were issued a dividend of $0.03 per share. The ex-dividend date was Wednesday, February 11th. This represents a $0.12 dividend on an annualized basis and a yield of 0.8%. WisdomTree’s dividend payout ratio is 16.00%.

Insider Transactions at WisdomTree

In other WisdomTree news, COO R Jarrett Lilien sold 30,000 shares of the firm’s stock in a transaction that occurred on Wednesday, February 25th. The shares were sold at an average price of $16.84, for a total value of $505,200.00. Following the completion of the transaction, the chief operating officer owned 1,140,245 shares of the company’s stock, valued at $19,201,725.80. This trade represents a 2.56% decrease in their position. The sale was disclosed in a filing with the SEC, which is available at this link. 9.30% of the stock is currently owned by company insiders.

WisdomTree Company Profile

WisdomTree Investments, Inc (NYSE: WT) is a U.S.-based asset management firm specializing in exchange-traded funds (ETFs) and exchange-traded products (ETPs). Founded in 2006 by Jonathan Steinberg and headquartered in New York City, WisdomTree has developed a reputation for pioneering smart-beta and fundamentally weighted indexing approaches. The company designs strategies that seek to enhance returns and reduce volatility by weighting constituents based on dividends, earnings or other financial metrics rather than relying solely on market capitalization.

WisdomTree offers a broad suite of investment products covering equities, fixed income, currencies, commodities and digital assets.