WisdomTree Investments, Inc. (NASDAQ:WETF) announced a quarterly dividend on Monday, January 31, reports The Wall Street Journal. Investors of record on Wednesday February 9 will be paid a dividend of 0.03 per share by the asset manager on Wednesday February 23. This represents an annualized dividend of $0.12 and a yield of 2.14%. The ex-dividend date is Tuesday, February 8.
WisdomTree Investments has a payout ratio of 27.9%, indicating that its dividend is sufficiently covered by earnings. Equity research analysts expect WisdomTree Investments to earn $0.38 per share next year, meaning the company should continue to be able to cover its $0.12 annual dividend with an expected future payout ratio of 31.6%.
WETF traded $0.01 during trading hours on Monday, hitting $5.61. The company’s shares had a trading volume of 1,203,434 shares, compared to an average trading volume of 1,172,382 shares. The company’s 50-day moving average price is $6.17 and its 200-day moving average price is $6.15. WisdomTree Investments has a 12-month low of $5.28 and a 12-month high of $7.38. The stock has a market capitalization of $814.20 million, a price/earnings ratio of 40.00 and a beta of 1.72. The company has a current ratio of 3.77, a quick ratio of 2.19 and a debt ratio of 1.22.
WisdomTree Investments (NASDAQ:WETF) last reported quarterly results on Friday, January 28. The asset manager reported earnings per share of $0.10 for the quarter, beating the consensus estimate of $0.09 by $0.01. WisdomTree Investments had a net margin of 8.50% and a return on equity of 20.71%. The company posted revenue of $79.20 million for the quarter, compared to $78.62 million expected by analysts. In the same quarter a year earlier, the company posted earnings per share of $0.06. WisdomTree Investments quarterly revenue increased 18.0% year over year. On average, analysts expect WisdomTree Investments to post 0.37 earnings per share for the current year.
Several equity research analysts have recently weighed in on WETF stocks. Zacks Investment Research upgraded shares of WisdomTree Investments from a “sell” rating to a “hold” rating in a Thursday, January 13 research report. Deutsche Bank Aktiengesellschaft raised its price target on shares of WisdomTree Investments from $6.00 to $7.00 and gave the company a “holding” rating in a Monday, Nov. 1 research report. Four investment analysts gave the stock a hold rating and two gave the company a buy rating. According to MarketBeat.com, WisdomTree Investments currently has a consensus rating of “Hold” and a consensus price target of $7.23.
Separately, insider Peter M. Ziemba sold 5,000 shares of the company in a trade on Wednesday, November 17. The shares were sold at an average price of $6.76, for a total transaction of $33,800.00. The sale was disclosed in a document filed with the Securities & Exchange Commission, accessible via this link. 8.00% of the shares are currently held by insiders.
Institutional investors and hedge funds have recently changed their holdings in the company. Morgan Stanley increased its stake in shares of WisdomTree Investments by 51.6% during the second quarter. Morgan Stanley now owns 1,700,384 shares of the asset manager valued at $10,542,000 after purchasing an additional 578,514 shares during the period. Wells Fargo & Company MN increased its stake in WisdomTree Investments by 9.1% in the second quarter. Wells Fargo & Company MN now owns 181,390 shares of the asset manager worth $1,124,000 after acquiring an additional 15,160 shares during the period. BNP Paribas Arbitrage SA increased its stake in WisdomTree Investments by 184.9% in the third quarter. BNP Paribas Arbitrage SA now owns 114,251 shares in the asset manager worth $648,000 after acquiring an additional 74,142 shares during the period. Royal Bank of Canada increased its stake in WisdomTree Investments by 11.5% in the third quarter. Royal Bank of Canada now owns 78,102 shares of the asset manager worth $443,000 after acquiring an additional 8,079 shares during the period. Finally, Janus Henderson Group PLC acquired a new stake in WisdomTree Investments in the third quarter worth approximately $65,000. 70.76% of the shares are held by hedge funds and other institutional investors.
WisdomTree Investments Company Profile
WisdomTree Investments, Inc operates as an asset management company that focuses on exchange-traded products (ETPs). It distributes ETPs within the asset management industry, including brokerage firms, registered investment advisers, institutional investors, private wealth managers and discount brokers.
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