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

WisdomTree, Inc. (NYSE:WT) announced a quarterly dividend on Friday, April 26th, Wall Street Journal reports. Investors 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 dividend on an annualized basis and a yield of 1.30%. The ex-dividend date is Tuesday, May 7th.

WisdomTree has a dividend payout ratio of 20.0% indicating that 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 Trading Up 2.1 %

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

WisdomTree (NYSE:WT) last announced its quarterly earnings data on Friday, April 26th. The company reported $0.12 earnings per share for the quarter, beating analysts’ consensus estimates of $0.11 by $0.01. WisdomTree had a net margin of 29.80% and a return on equity of 16.31%. The company had revenue of $96.84 million during the quarter, compared to analyst estimates of $94.32 million. During the same quarter last year, the business posted $0.07 EPS. The firm’s revenue for the quarter was up 18.0% on a year-over-year basis. On average, research analysts expect that WisdomTree will post 0.56 EPS for the current year.

Wall Street Analyst Weigh In

WT has been the subject of several recent research reports. Craig Hallum initiated coverage on shares of WisdomTree in a report on Wednesday, March 6th. They issued a “buy” rating and a $12.00 price target for the company. Morgan Stanley boosted their price target 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 restated an “outperform” rating and issued a $11.00 price target on shares of WisdomTree in a report on Monday, April 29th. Northland Securities upgraded shares of WisdomTree from a “market perform” rating to an “outperform” rating and set a $12.00 price target for the company in a report on Wednesday, April 3rd. Finally, UBS Group boosted their price target on shares of WisdomTree from $9.00 to $12.00 and gave the company a “buy” rating in a report on Friday, April 12th. One equities research analyst has rated the stock with a hold rating and five have assigned a buy rating to the stock. According to data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus target price of $10.88.

Insider Transactions at WisdomTree

In other news, CEO Jonathan L. Steinberg acquired 303,781 shares of the business’s stock in a transaction dated Tuesday, February 13th. The shares were purchased at an average price of $7.20 per share, with a total value of $2,187,223.20. Following the transaction, the chief executive officer now directly owns 9,172,838 shares in the company, valued at $66,044,433.60. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink. 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.