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

WisdomTree, Inc. (NYSE:WT) announced a quarterly dividend on Friday, April 26th, Wall Street Journal reports. Stockholders of record on Wednesday, May 8th will be paid a dividend of 0.03 per share on Wednesday, May 22nd. This represents a $0.12 annualized dividend and a dividend yield of 1.30%. The ex-dividend date is Tuesday, May 7th.

WisdomTree has a payout ratio of 20.0% meaning its dividend is sufficiently covered by earnings. Equities research analysts expect WisdomTree to earn $0.60 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 20.0%.

WisdomTree Stock Up 2.1 %

Shares of WT opened at $9.26 on Friday. The stock has a market capitalization of $1.41 billion, a PE ratio of 13.62 and a beta of 1.48. WisdomTree has a 1 year low of $6.06 and a 1 year high of $9.69. The company has a debt-to-equity ratio of 0.65, a quick ratio of 2.18 and a current ratio of 2.95. The company’s 50-day simple moving average is $8.80 and its 200-day simple moving average is $7.49.

WisdomTree (NYSE:WT) last issued its quarterly earnings results on Friday, April 26th. The company reported $0.12 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.11 by $0.01. The business had revenue of $96.84 million for the quarter, compared to analysts’ expectations of $94.32 million. WisdomTree had a net margin of 29.80% and a return on equity of 16.31%. The business’s quarterly revenue was up 18.0% on a year-over-year basis. During the same quarter in the prior year, the company earned $0.07 earnings per share. Analysts forecast that WisdomTree will post 0.56 earnings per share for the current fiscal year.

Insider Activity at WisdomTree

In related news, CEO Jonathan L. Steinberg acquired 303,781 shares of the business’s stock in a transaction on Tuesday, February 13th. The shares were bought at an average price of $7.20 per share, with a total value of $2,187,223.20. Following the completion of the acquisition, the chief executive officer now owns 9,172,838 shares in the company, valued at $66,044,433.60. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. 7.80% of the stock is owned by corporate insiders.

Analyst Ratings Changes

WT has been the topic of several research reports. UBS Group increased their price target on shares of WisdomTree from $9.00 to $12.00 and gave the stock a “buy” rating in a research report on Friday, April 12th. Northland Securities raised shares of WisdomTree from a “market perform” rating to an “outperform” rating and set a $12.00 target price on the stock in a report on Wednesday, April 3rd. Morgan Stanley raised their target price on shares of WisdomTree from $7.75 to $9.25 and gave the company an “equal weight” rating in a report on Wednesday, April 17th. Oppenheimer reaffirmed an “outperform” rating and issued a $11.00 target price on shares of WisdomTree in a report on Monday, April 29th. Finally, Craig Hallum assumed coverage on shares of WisdomTree in a report on Wednesday, March 6th. They issued a “buy” rating and a $12.00 target price on the stock. One analyst has rated the stock with a hold rating and five have assigned a buy rating to the stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average price target of $10.88.

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.