WisdomTree Investments, Inc. (NASDAQ: WETF) Announces Quarterly Dividend of $0.03

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WisdomTree Investments, Inc. (NASDAQ:WETF – Get Rating) announced a quarterly dividend on Friday, October 28, Zacks reports. Investors of record on Wednesday, November 9 will receive a dividend of 0.03 per share from the asset manager on Wednesday, November 23. This represents a dividend of $0.12 on an annualized basis and a yield of 2.22%. The ex-dividend date is Tuesday, November 8.

WisdomTree Investments has a payout ratio of 46.2%, which means its dividend is sufficiently covered by earnings. Research analysts expect WisdomTree Investments to earn $0.28 per share next year, meaning the company should continue to be able to cover its annual dividend of $0.12 with a ratio of expected future payout of 42.9%.

Performance of shares of WisdomTree Investments

The NASDAQ WETF opened at $5.40 on Friday. The company has a market capitalization of $791.59 million, a price-earnings ratio of 67.51 and a beta of 1.44. WisdomTree Investments has a 12-month low of $4.60 and a 12-month high of $6.92. The stock has a fifty-day simple moving average of $4.99 and a 200-day simple moving average of $5.34. The company has a quick ratio of 0.63, a current ratio of 1.17 and a debt ratio of 0.57.

WisdomTree Investments (NASDAQ:WETF – Get Rating) last released quarterly earnings data on Friday, July 29. The asset manager reported earnings per share of $0.07 for the quarter, missing analyst consensus estimates of $0.08 per ($0.01). The company posted revenue of $77.25 million in the quarter, compared to analyst estimates of $76.68 million. WisdomTree Investments had a net margin of 4.72% and a return on equity of 22.05%. Sell-side analysts expect WisdomTree Investments to post year-to-date EPS of 0.28.

WisdomTree Investments Institutional Trading

A number of institutional investors have recently bought and sold shares of the company. Legal & General Group Plc increased its position in WisdomTree Investments by 1.1% in the second quarter. Legal & General Group Plc now owns 328,137 shares in the asset manager valued at $1,663,000 after acquiring 3,616 additional shares in the last quarter. ExodusPoint Capital Management LP purchased a new equity position from WisdomTree Investments during Q2 for a value of approximately $116,000. Walleye Capital LLC increased its position in shares of WisdomTree Investments by 549.8% during the second quarter. Walleye Capital LLC now owns 71,329 shares of the asset manager worth $362,000 after buying an additional 60,352 shares last quarter. Jane Street Group LLC purchased a new equity position from WisdomTree Investments during Q2 for a value of approximately $182,000. Finally, Thrivent Financial for Lutherans increased its position in shares of WisdomTree Investments by 21.9% during the second quarter. Thrivent Financial for Lutherans now owns 107,991 shares of the asset manager worth $548,000 after buying an additional 19,395 shares last quarter. Institutional investors hold 95.95% of the company’s shares.

Wall Street analysts predict growth

A number of analysts have weighed in on WETF shares recently. Morgan Stanley lowered its price target on WisdomTree Investments from $6.00 to $5.75 and set an “equal weight” rating for the company in a Monday, Oct. 3 report. Deutsche Bank Aktiengesellschaft cut its price target on shares of WisdomTree Investments from $6.00 to $5.00 and set a “hold” rating on the stock in a Wednesday, July 13 research report. Finally, StockNews.com began covering shares of WisdomTree Investments in a research report on Wednesday, October 12. They have set a “holding” rating on the stock. One equity research analyst rated the stock with a sell rating and four rated the stock with a hold rating. According to MarketBeat, WisdomTree Investments has a consensus rating of “Hold” and an average target price of $5.31.

WisdomTree Investments Company Profile

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WisdomTree Investments, Inc, through its subsidiaries, operates as a sponsor and asset manager of exchange-traded funds (ETFs). It offers ETFs on stocks, currencies, fixed income securities and alternative asset classes. The company also licenses its indices to third parties for proprietary products, and offers a platform to promote the use of WisdomTree ETFs in 401(k) plans.

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Dividend history for WisdomTree Investments (NASDAQ:WETF)

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