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

WisdomTree, Inc. (NYSE:WT - Get Free Report) announced a quarterly dividend on Monday, May 5th, Wall Street Journal reports. Shareholders of record on Wednesday, May 14th will be paid a dividend of 0.03 per share on Wednesday, May 28th. This represents a $0.12 dividend on an annualized basis and a yield of 1.31%. The ex-dividend date of this dividend is Wednesday, May 14th.

WisdomTree has a payout ratio of 17.1% meaning its dividend is sufficiently covered by earnings. Equities analysts expect WisdomTree to earn $0.79 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 15.2%.

WisdomTree Stock Up 0.7 %

NYSE:WT traded up $0.06 during trading hours on Monday, reaching $9.19. 961,148 shares of the company traded hands, compared to its average volume of 1,541,326. The company has a current ratio of 2.92, a quick ratio of 2.13 and a debt-to-equity ratio of 1.28. The business's 50-day moving average price is $8.59 and its two-hundred day moving average price is $9.81. WisdomTree has a 1 year low of $7.47 and a 1 year high of $12.45. The stock has a market capitalization of $1.35 billion, a P/E ratio of 29.65 and a beta of 1.26.

WisdomTree (NYSE:WT - Get Free Report) last announced its quarterly earnings data on Friday, May 2nd. The company reported $0.16 earnings per share for the quarter, hitting analysts' consensus estimates of $0.16. The company had revenue of $108.08 million during the quarter, compared to analyst estimates of $108.47 million. WisdomTree had a net margin of 15.59% and a return on equity of 24.67%. The firm's revenue for the quarter was up 11.7% on a year-over-year basis. During the same period in the previous year, the business earned $0.12 EPS. Analysts predict that WisdomTree will post 0.72 earnings per share for the current year.

Analyst Ratings Changes

Several research analysts have recently weighed in on the stock. The Goldman Sachs Group dropped their price target on shares of WisdomTree from $9.75 to $8.50 and set a "sell" rating on the stock in a research note on Monday, April 14th. Keefe, Bruyette & Woods lowered their price target on shares of WisdomTree from $12.00 to $10.50 and set a "market perform" rating on the stock in a report on Tuesday, January 14th. One equities research analyst has rated the stock with a sell rating, two have issued a hold rating and four have issued a buy rating to the company's stock. Based on data from MarketBeat, the stock presently has an average rating of "Hold" and a consensus target price of $12.42.

Insider Buying and Selling

In other WisdomTree news, insider Alexis Marinof sold 90,980 shares of WisdomTree stock in a transaction on Tuesday, February 4th. The shares were sold at an average price of $9.87, for a total value of $897,972.60. Following the transaction, the insider now directly owns 221,146 shares of the company's stock, valued at approximately $2,182,711.02. The trade was a 29.15 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. 7.80% of the stock is owned by insiders.

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.

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