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

by · The Markets Daily

WisdomTree, Inc. (NYSE:WT – Get Free Report) declared a quarterly dividend on Friday, October 25th, NASDAQ reports. Investors 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 dividend on an annualized basis and a yield of 1.15%. The ex-dividend date is Wednesday, November 6th.

WisdomTree has a dividend payout ratio of 17.1% indicating that its dividend is sufficiently covered by earnings. Equities 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 Trading Up 0.9 %

Shares of WT traded up $0.09 during midday trading on Friday, hitting $10.47. The stock had a trading volume of 2,667,504 shares, compared to its average volume of 1,170,100. WisdomTree has a fifty-two week low of $6.06 and a fifty-two week high of $12.02. The business has a 50-day simple moving average of $9.96 and a two-hundred day simple moving average of $9.85. The company has a current ratio of 3.01, a quick ratio of 2.18 and a debt-to-equity ratio of 0.62. The firm has a market cap of $1.59 billion, a P/E ratio of 21.37 and a beta of 1.43.

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

Analysts Set New Price Targets

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

View Our Latest Research Report on WisdomTree

WisdomTree Company Profile

(Get Free Report)

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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