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

WisdomTree, Inc. (NYSE:WT) declared a quarterly dividend on Friday, January 31st,NASDAQ Dividends reports. Investors 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 yield of 1.26%. The ex-dividend date is Wednesday, February 12th.

WisdomTree has a dividend payout ratio of 15.6% meaning its dividend is sufficiently covered by earnings. Analysts expect WisdomTree to earn $0.79 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 15.2%.

WisdomTree Stock Down 0.6 %

NYSE:WT opened at $9.54 on Monday. The stock has a 50-day simple moving average of $10.32 and a 200 day simple moving average of $10.38. WisdomTree has a 52-week low of $6.78 and a 52-week high of $12.45. The company has a market cap of $1.39 billion, a PE ratio of 30.77 and a beta of 1.47. The company has a debt-to-equity ratio of 1.28, a quick ratio of 2.13 and a current ratio of 2.92.

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 the consensus estimate of $0.19 by ($0.02). WisdomTree had a net margin of 15.59% and a return on equity of 24.67%. On average, sell-side analysts expect that WisdomTree will post 0.72 EPS for the current fiscal year.

Insider Buying and Selling

In related news, insider Alexis Marinof sold 90,980 shares of the stock in a transaction on Tuesday, February 4th. The stock was 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 in the company, valued at $2,182,711.02. This represents a 29.15 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, insider Peter M. Ziemba sold 100,000 shares of WisdomTree stock in a transaction dated Friday, November 15th. The stock was sold at an average price of $11.43, for a total value of $1,143,000.00. Following the transaction, the insider now directly owns 948,386 shares in the company, valued at $10,840,051.98. The trade was a 9.54 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 3,190,980 shares of company stock worth $36,060,973. Company insiders own 7.80% of the company’s stock.

Analysts Set New Price Targets

A number of equities analysts recently weighed in on the stock. Northcoast Research downgraded shares of WisdomTree from a “buy” rating to a “neutral” rating in a report on Thursday, January 2nd. Keefe, Bruyette & Woods decreased their price objective 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. Finally, UBS Group raised their price objective on shares of WisdomTree from $12.00 to $14.00 and gave the stock a “buy” rating in a research report on Tuesday, October 22nd. Three investment analysts have rated the stock with a hold rating and four have given a buy rating to the stock. According to data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average price target 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.