Wisdom Tree Investments Inc (NASDAQ:WETF) declared a quarterly dividend on Monday, February 4th, Wall Street Journal reports. Investors of record on Wednesday, February 13th will be given a dividend of 0.03 per share by the asset manager on Wednesday, February 27th. This represents a $0.12 dividend on an annualized basis and a dividend yield of 1.90%. The ex-dividend date of this dividend is Tuesday, February 12th.
Wisdom Tree Investments has decreased its dividend payment by an average of 27.9% per year over the last three years. Wisdom Tree Investments has a payout ratio of 33.3% indicating that its dividend is sufficiently covered by earnings. Equities research analysts expect Wisdom Tree Investments to earn $0.28 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 42.9%.
Shares of WETF traded up $0.33 during trading hours on Monday, reaching $6.30. 5,571,668 shares of the stock traded hands, compared to its average volume of 1,664,213. The stock has a market cap of $913.63 million, a price-to-earnings ratio of 19.69, a price-to-earnings-growth ratio of 2.31 and a beta of 1.66. Wisdom Tree Investments has a 52-week low of $5.73 and a 52-week high of $11.82. The company has a debt-to-equity ratio of 0.52, a quick ratio of 1.77 and a current ratio of 1.84.
Wisdom Tree Investments (NASDAQ:WETF) last announced its quarterly earnings results on Friday, February 1st. The asset manager reported $0.06 EPS for the quarter, missing the consensus estimate of $0.08 by ($0.02). The company had revenue of $67.90 million during the quarter, compared to analysts’ expectations of $68.18 million. Wisdom Tree Investments had a return on equity of 16.32% and a net margin of 13.33%. The firm’s revenue for the quarter was up 11.3% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $0.04 EPS. On average, equities research analysts predict that Wisdom Tree Investments will post 0.25 earnings per share for the current year.
Several brokerages have commented on WETF. Zacks Investment Research upgraded shares of Wisdom Tree Investments from a “sell” rating to a “hold” rating in a research note on Saturday, January 19th. ValuEngine cut shares of Wisdom Tree Investments from a “sell” rating to a “strong sell” rating in a research note on Monday, February 4th. Morgan Stanley set a $7.00 price target on shares of Wisdom Tree Investments and gave the stock a “hold” rating in a research note on Friday. Citigroup cut shares of Wisdom Tree Investments from a “neutral” rating to a “sell” rating in a research report on Monday, February 4th. Finally, Credit Suisse Group cut shares of Wisdom Tree Investments from a “neutral” rating to a “sell” rating and set a $8.00 target price on the stock. in a research report on Tuesday, February 5th. Four analysts have rated the stock with a sell rating, three have assigned a hold rating and one has assigned a buy rating to the stock. The stock has an average rating of “Hold” and an average target price of $8.70.
In other news, Director Anthony Bossone purchased 50,000 shares of the business’s stock in a transaction that occurred on Monday, February 4th. The shares were bought at an average cost of $5.92 per share, for a total transaction of $296,000.00. The purchase was disclosed in a filing with the SEC, which is available at this hyperlink. Also, CFO Amit Muni purchased 13,500 shares of the business’s stock in a transaction that occurred on Monday, February 4th. The shares were purchased at an average price of $5.99 per share, for a total transaction of $80,865.00. The disclosure for this purchase can be found here. Insiders have bought a total of 164,500 shares of company stock worth $982,285 over the last 90 days. Corporate insiders own 14.50% of the company’s stock.
Wisdom Tree Investments Company Profile
WisdomTree Investments, 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.
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