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

WisdomTree, Inc. (NYSE:WT) declared 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 dividend on an annualized basis and a dividend yield of 1.30%. The ex-dividend date of this dividend is Tuesday, May 7th.

WisdomTree has a dividend payout ratio of 20.0% indicating that its dividend is sufficiently covered by earnings. 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 Performance

NYSE WT opened at $9.26 on Monday. The company 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 quick ratio of 2.18, a current ratio of 2.95 and a debt-to-equity ratio of 0.65. WisdomTree has a twelve month low of $6.06 and a twelve month high of $9.69. The stock has a fifty day simple moving average of $8.80 and a 200 day simple moving average of $7.49.

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

Insiders Place Their Bets

In related news, CEO Jonathan L. Steinberg purchased 303,781 shares of the stock in a transaction that occurred on Tuesday, February 13th. The stock was acquired at an average cost of $7.20 per share, with a total value of $2,187,223.20. Following the transaction, the chief executive officer now owns 9,172,838 shares of the company’s stock, valued at approximately $66,044,433.60. The purchase was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Corporate insiders own 7.80% of the company’s stock.

Wall Street Analysts Forecast Growth

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

About WisdomTree

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.