WisdomTree, Inc. (NYSE:WT) Announces Quarterly Dividend of $0.03

WisdomTree, Inc. (NYSE:WT) declared a quarterly dividend on Friday, January 31st,NASDAQ Dividends reports. Stockholders of record on Wednesday, February 12th will be paid a dividend of 0.03 per share on Wednesday, February 26th. This represents a $0.12 dividend on an annualized basis and a dividend yield of 1.23%. The ex-dividend date of this dividend is Wednesday, February 12th.

WisdomTree has a dividend payout ratio of 15.8% meaning its dividend is sufficiently covered by earnings. Equities research analysts expect WisdomTree to earn $0.70 per share next year, which means the company should continue to be able to cover its $0.12 annual dividend with an expected future payout ratio of 17.1%.

WisdomTree Price Performance

Shares of NYSE:WT traded down $0.03 on Friday, hitting $9.80. The company had a trading volume of 2,503,654 shares, compared to its average volume of 1,823,519. The company has a market cap of $1.43 billion, a PE ratio of 33.78 and a beta of 1.49. The business has a 50 day moving average of $10.55 and a 200 day moving average of $10.42. WisdomTree has a 52-week low of $6.67 and a 52-week high of $12.45. The company has a current ratio of 2.88, a quick ratio of 2.16 and a debt-to-equity ratio of 1.36.

WisdomTree (NYSE:WT) last issued its quarterly earnings results on Friday, January 31st. The company reported $0.17 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.19 by ($0.02). WisdomTree had a return on equity of 22.91% and a net margin of 14.33%. As a group, equities analysts anticipate that WisdomTree will post 0.64 earnings per share for the current fiscal year.

Insiders Place Their Bets

In other WisdomTree news, insider Etfs Capital Limited. sold 3,000,000 shares of the company’s stock in a transaction dated Monday, December 2nd. The shares were sold at an average price of $11.34, for a total transaction of $34,020,000.00. Following the completion of the sale, the insider now directly owns 12,250,000 shares of the company’s stock, valued at approximately $138,915,000. This represents a 19.67 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, CEO Jonathan L. Steinberg bought 67,869 shares of the company’s stock in a transaction dated Friday, November 8th. The stock was purchased at an average cost of $10.84 per share, for a total transaction of $735,699.96. Following the completion of the transaction, the chief executive officer now owns 9,240,707 shares of the company’s stock, valued at $100,169,263.88. This represents a 0.74 % increase in their ownership of the stock. The disclosure for this purchase can be found here. 7.80% of the stock is currently owned by insiders.

Wall Street Analysts Forecast Growth

Several equities analysts recently weighed in on the stock. UBS Group lifted their target price on shares of WisdomTree from $12.00 to $14.00 and gave the company a “buy” rating in a report on Tuesday, October 22nd. Northcoast Research cut WisdomTree from a “buy” rating to a “neutral” rating in a research note on Thursday, January 2nd. Finally, Keefe, Bruyette & Woods lowered their target price on WisdomTree from $12.00 to $10.50 and set a “market perform” rating for the company in a research note on Tuesday, January 14th. Three investment analysts have rated the stock with a hold rating and four have issued a buy rating to the stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $12.54.

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.