Marshall Wace LLP Has $7.66 Million Stock Position in WisdomTree, Inc. (NYSE:WT)

Marshall Wace LLP lifted its holdings in WisdomTree, Inc. (NYSE:WT) by 82.3% in the 2nd quarter, Holdings Channel reports. The firm owned 772,543 shares of the company’s stock after buying an additional 348,850 shares during the quarter. Marshall Wace LLP’s holdings in WisdomTree were worth $7,656,000 as of its most recent SEC filing.

Other large investors have also recently bought and sold shares of the company. Public Sector Pension Investment Board lifted its holdings in WisdomTree by 7.2% in the 2nd quarter. Public Sector Pension Investment Board now owns 245,668 shares of the company’s stock worth $2,435,000 after purchasing an additional 16,528 shares during the last quarter. Sei Investments Co. bought a new position in shares of WisdomTree in the second quarter valued at approximately $1,780,000. Benjamin Edwards Inc. acquired a new stake in shares of WisdomTree in the second quarter worth $115,000. Hsbc Holdings PLC boosted its holdings in shares of WisdomTree by 3.4% during the 2nd quarter. Hsbc Holdings PLC now owns 47,546 shares of the company’s stock worth $467,000 after buying an additional 1,576 shares during the period. Finally, Mercer Global Advisors Inc. ADV acquired a new position in WisdomTree in the 2nd quarter valued at $140,000. 78.64% of the stock is currently owned by institutional investors.

WisdomTree Price Performance

Shares of NYSE:WT opened at $9.99 on Tuesday. The firm has a market capitalization of $1.52 billion, a PE ratio of 14.68 and a beta of 1.43. The company has a current ratio of 3.01, a quick ratio of 2.18 and a debt-to-equity ratio of 0.62. WisdomTree, Inc. has a 1-year low of $6.06 and a 1-year high of $12.02. The business’s 50 day moving average is $10.13 and its 200-day moving average is $9.73.

WisdomTree (NYSE:WT) last posted its quarterly earnings results on Friday, July 26th. The company reported $0.16 earnings per share for the quarter, topping analysts’ consensus estimates of $0.14 by $0.02. WisdomTree had a net margin of 19.72% and a return on equity of 19.22%. The firm had revenue of $107.03 million for the quarter, compared to the consensus estimate of $103.75 million. Sell-side analysts predict that WisdomTree, Inc. will post 0.62 earnings per share for the current year.

WisdomTree Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Wednesday, August 21st. Investors of record on Wednesday, August 7th were paid a $0.03 dividend. The ex-dividend date was Wednesday, August 7th. This represents a $0.12 dividend on an annualized basis and a yield of 1.20%. WisdomTree’s payout ratio is currently 17.65%.

Analysts Set New Price Targets

A number of research analysts have weighed in on WT shares. Northcoast Research lowered shares of WisdomTree from a “strong-buy” rating to a “hold” rating in a research report on Sunday, September 15th. Keefe, Bruyette & Woods reissued a “market perform” rating and set a $12.00 price objective (up previously from $11.00) on shares of WisdomTree in a research report on Monday, July 29th. Craig Hallum increased their target price on WisdomTree from $12.00 to $15.00 and gave the company a “buy” rating in a research note on Monday, July 29th. Oppenheimer lifted their price target on WisdomTree from $12.00 to $13.00 and gave the stock an “outperform” rating in a research report on Monday, July 29th. Finally, Northland Securities increased their price objective on WisdomTree from $12.00 to $13.50 and gave the company an “outperform” rating in a research report on Monday, July 29th. Three analysts have rated the stock with a hold rating and four have issued a buy rating to the stock. According to MarketBeat, WisdomTree presently has an average rating of “Moderate Buy” and an average target price of $11.96.

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.