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

WisdomTree, Inc. (NYSE:WT) announced a quarterly dividend on Friday, October 25th, NASDAQ reports. Shareholders of record on Wednesday, November 6th will be paid a dividend of 0.03 per share on Wednesday, November 20th. This represents a $0.12 annualized dividend and a yield of 1.15%. The ex-dividend date is Wednesday, November 6th.

WisdomTree has a payout ratio of 17.1% meaning its dividend is sufficiently covered by earnings. Research analysts expect WisdomTree to earn $0.69 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 17.4%.

WisdomTree Stock Up 0.9 %

WT traded up $0.09 on Friday, hitting $10.47. The company had a trading volume of 2,667,504 shares, compared to its average volume of 1,170,100. The company has a debt-to-equity ratio of 0.62, a current ratio of 3.01 and a quick ratio of 2.18. WisdomTree has a 52-week low of $6.06 and a 52-week high of $12.02. The stock has a fifty day simple moving average of $9.96 and a 200-day simple moving average of $9.85. The firm has a market capitalization of $1.59 billion, a P/E ratio of 21.37 and a beta of 1.43.

WisdomTree (NYSE:WT) last announced its quarterly earnings results on Friday, October 25th. The company reported $0.18 earnings per share for the quarter, beating the consensus estimate of $0.17 by $0.01. The company had revenue of $113.17 million during the quarter, compared to the consensus estimate of $110.80 million. WisdomTree had a net margin of 19.72% and a return on equity of 19.22%. As a group, equities analysts expect that WisdomTree will post 0.62 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

WT has been the subject of a number of research analyst reports. Northcoast Research downgraded shares of WisdomTree from a “strong-buy” rating to a “hold” rating in a research report on Sunday, September 15th. UBS Group boosted their price objective on shares of WisdomTree from $12.00 to $14.00 and gave the company a “buy” rating in a research report on Tuesday. Northland Securities boosted their price objective on shares of WisdomTree from $12.00 to $13.50 and gave the company an “outperform” rating in a research report on Monday, July 29th. Craig Hallum boosted their price objective on shares of WisdomTree from $12.00 to $15.00 and gave the company a “buy” rating in a research report on Monday, July 29th. Finally, Oppenheimer boosted their price objective on shares of WisdomTree from $12.00 to $13.00 and gave the company an “outperform” rating in a research report on Monday, July 29th. Three investment analysts have rated the stock with a hold rating and four have given a buy rating to the stock. Based on data from MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus target price of $12.25.

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.