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

WisdomTree, Inc. (NYSE:WT) announced a quarterly dividend on Friday, January 31st,NASDAQ Dividends reports. Shareholders 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 is Wednesday, February 12th.

WisdomTree has a payout ratio of 15.8% indicating that 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 Stock Performance

Shares of NYSE WT traded down $0.03 during trading hours on Friday, hitting $9.80. 2,503,654 shares of the stock were exchanged, compared to its average volume of 1,823,519. The firm has a market capitalization of $1.43 billion, a P/E ratio of 33.78 and a beta of 1.49. The company’s 50 day moving average is $10.55 and its 200 day moving average is $10.42. WisdomTree has a one year low of $6.67 and a one year high of $12.45. The company has a debt-to-equity ratio of 1.36, a current ratio of 2.88 and a quick ratio of 2.16.

WisdomTree (NYSE:WT) last issued its quarterly earnings results on Friday, January 31st. The company reported $0.17 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%. On average, research analysts expect that WisdomTree will post 0.64 EPS for the current year.

Analysts Set New Price Targets

A number of research firms recently weighed in on WT. Northcoast Research downgraded WisdomTree from a “buy” rating to a “neutral” rating in a research report on Thursday, January 2nd. UBS Group lifted their price objective on WisdomTree from $12.00 to $14.00 and gave the stock a “buy” rating in a report on Tuesday, October 22nd. Finally, Keefe, Bruyette & Woods reduced their target price on WisdomTree from $12.00 to $10.50 and set a “market perform” rating for the company in a research report on Tuesday, January 14th. Three analysts have rated the stock with a hold rating and four have given a buy rating to the company’s stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average price target of $12.54.

Insiders Place Their Bets

In other WisdomTree news, insider Peter M. Ziemba sold 100,000 shares of the stock in a transaction dated Friday, November 15th. The shares were sold at an average price of $11.43, for a total transaction of $1,143,000.00. Following the sale, the insider now owns 948,386 shares of the company’s stock, valued at $10,840,051.98. This represents a 9.54 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CEO Jonathan L. Steinberg acquired 67,869 shares of the company’s stock in a transaction that occurred on Friday, November 8th. The stock was bought at an average price of $10.84 per share, with a total value of $735,699.96. Following the transaction, the chief executive officer now directly owns 9,240,707 shares in the company, valued at $100,169,263.88. The trade was a 0.74 % increase in their ownership of the stock. The disclosure for this purchase can be found here. Corporate insiders own 7.80% of the company’s stock.

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.