WisdomTree Investments, Inc. Announces Quarterly Dividend of $0.08 (WETF)
WisdomTree Investments, Inc. (NASDAQ:WETF) announced a quarterly dividend on Tuesday, October 24th, NASDAQ reports. Shareholders of record on Wednesday, November 8th will be given a dividend of 0.08 per share by the asset manager on Wednesday, November 22nd. This represents a $0.32 annualized dividend and a yield of 2.89%. The ex-dividend date of this dividend is Tuesday, November 7th.
WisdomTree Investments (NASDAQ:WETF) last issued its earnings results on Friday, October 27th. The asset manager reported $0.06 EPS for the quarter, hitting the consensus estimate of $0.06. The firm had revenue of $57.99 million during the quarter, compared to analysts’ expectations of $57.89 million. WisdomTree Investments had a return on equity of 15.47% and a net margin of 12.98%. WisdomTree Investments’s quarterly revenue was up 12.0% compared to the same quarter last year. During the same period last year, the business earned $0.06 earnings per share.
Several research firms have issued reports on WETF. Northland Securities reiterated a “hold” rating and set a $12.00 price objective on shares of WisdomTree Investments in a research note on Sunday. Citigroup Inc. reiterated a “buy” rating and set a $15.00 price objective on shares of WisdomTree Investments in a research note on Monday. Zacks Investment Research lowered WisdomTree Investments from a “hold” rating to a “sell” rating in a research note on Tuesday. Deutsche Bank AG began coverage on WisdomTree Investments in a research note on Tuesday, October 17th. They set a “buy” rating and a $13.00 price objective for the company. Finally, Keefe, Bruyette & Woods reiterated a “sell” rating and set a $10.00 price objective on shares of WisdomTree Investments in a research note on Thursday, October 12th. Six research analysts have rated the stock with a sell rating, two have given a hold rating and five have assigned a buy rating to the company. The company currently has an average rating of “Hold” and an average price target of $11.20.
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In related news, Director Bruce I. Lavine sold 10,289 shares of the firm’s stock in a transaction dated Friday, August 4th. The stock was sold at an average price of $10.10, for a total value of $103,918.90. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Company insiders own 16.10% of the company’s stock.
About WisdomTree Investments
WisdomTree Investments, Inc is an asset management company that focuses on exchange-traded funds (ETFs). The Company’s family of ETFs includes funds that track its own indexes, funds that track third party indexes and actively managed funds. It operates as an exchange traded products sponsor and asset manager providing investment advisory services in the United States, Europe, Canada and Japan.
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