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

WisdomTree, Inc. (NYSE:WT) declared a quarterly dividend on Friday, July 31st. Stockholders of record on Wednesday, August 12th will be given a dividend of 0.03 per share on Wednesday, August 26th. This represents a c) dividend on an annualized basis and a dividend yield of 0.6%. The ex-dividend date is Wednesday, August 12th.

WisdomTree has a payout ratio of 16.2% indicating that its dividend is sufficiently covered by earnings. Research analysts expect WisdomTree to earn $1.28 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 9.4%.

WisdomTree Price Performance

Shares of WT traded up $0.51 during trading hours on Friday, reaching $19.31. The company had a trading volume of 3,275,414 shares, compared to its average volume of 3,426,594. The firm has a 50 day simple moving average of $18.65 and a 200-day simple moving average of $17.15. The company has a current ratio of 4.57, a quick ratio of 4.18 and a debt-to-equity ratio of 2.37. The company has a market capitalization of $2.95 billion, a price-to-earnings ratio of 47.11 and a beta of 1.18. WisdomTree has a 12-month low of $10.69 and a 12-month high of $21.23.

WisdomTree (NYSE:WT) last released its quarterly earnings data on Friday, July 31st. The company reported $0.31 EPS for the quarter, topping analysts’ consensus estimates of $0.26 by $0.05. WisdomTree had a net margin of 11.26% and a return on equity of 33.31%. The firm had revenue of $177.20 million for the quarter, compared to the consensus estimate of $170.62 million. During the same quarter in the previous year, the firm earned $0.18 earnings per share. The firm’s revenue was up 57.3% on a year-over-year basis. Research analysts expect that WisdomTree will post 1.14 earnings per share for the current year.

Analyst Upgrades and Downgrades

WT has been the subject of a number of research reports. Morgan Stanley set a $21.00 price target on shares of WisdomTree in a research report on Wednesday. Wall Street Zen downgraded WisdomTree from a “buy” rating to a “hold” rating in a research note on Saturday, June 20th. Northland Securities set a $22.00 price objective on WisdomTree in a report on Tuesday, June 2nd. Zacks Research downgraded WisdomTree from a “strong-buy” rating to a “hold” rating in a research report on Monday. Finally, Raymond James Financial initiated coverage on WisdomTree in a report on Tuesday, April 21st. They issued an “outperform” rating and a $20.00 target price on the stock. Three research analysts have rated the stock with a Buy rating and four have issued a Hold rating to the stock. Based on data from MarketBeat.com, the company has an average rating of “Hold” and a consensus price target of $20.16.

About WisdomTree

WisdomTree Investments, Inc (NYSE: WT) is a U.S.-based asset management firm specializing in exchange-traded funds (ETFs) and exchange-traded products (ETPs). Founded in 2006 by Jonathan Steinberg and headquartered in New York City, WisdomTree has developed a reputation for pioneering smart-beta and fundamentally weighted indexing approaches. The company designs strategies that seek to enhance returns and reduce volatility by weighting constituents based on dividends, earnings or other financial metrics rather than relying solely on market capitalization.

WisdomTree offers a broad suite of investment products covering equities, fixed income, currencies, commodities and digital assets.