Waddell & Reed Financial, Inc. (NYSE:WDR) has earned an average rating of “Hold” from the eleven research firms that are covering the stock, MarketBeat reports. Six analysts have rated the stock with a sell recommendation, four have assigned a hold recommendation and one has assigned a buy recommendation to the company. The average 12-month target price among analysts that have issued ratings on the stock in the last year is $21.33.
A number of brokerages have commented on WDR. Citigroup upgraded shares of Waddell & Reed Financial from a “sell” rating to a “neutral” rating and set a $24.00 price objective on the stock in a report on Wednesday, January 31st. Morgan Stanley boosted their price objective on shares of Waddell & Reed Financial from $20.00 to $21.00 and gave the stock an “underweight” rating in a report on Tuesday, February 13th. Bank of America set a $20.00 price objective on shares of Waddell & Reed Financial and gave the stock a “sell” rating in a report on Tuesday, January 30th. Jefferies Group restated a “hold” rating and issued a $23.00 target price on shares of Waddell & Reed Financial in a research note on Thursday, January 11th. Finally, Royal Bank of Canada restated a “sell” rating and issued a $20.00 target price on shares of Waddell & Reed Financial in a research note on Wednesday, January 31st.
In other news, SVP Wendy J. Hills sold 31,273 shares of the company’s stock in a transaction dated Friday, December 22nd. The shares were sold at an average price of $22.41, for a total value of $700,827.93. Following the sale, the senior vice president now owns 151,602 shares in the company, valued at approximately $3,397,400.82. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, CAO John E. Sundeen, Jr. sold 45,168 shares of the company’s stock in a transaction dated Thursday, December 21st. The shares were sold at an average price of $22.48, for a total transaction of $1,015,376.64. Following the completion of the sale, the chief accounting officer now owns 270,437 shares in the company, valued at approximately $6,079,423.76. The disclosure for this sale can be found here. In the last 90 days, insiders sold 82,233 shares of company stock worth $1,849,131. Company insiders own 3.80% of the company’s stock.
Several institutional investors have recently modified their holdings of WDR. Cubist Systematic Strategies LLC bought a new stake in shares of Waddell & Reed Financial during the 2nd quarter valued at about $265,000. Nationwide Fund Advisors grew its position in shares of Waddell & Reed Financial by 65.4% during the 3rd quarter. Nationwide Fund Advisors now owns 79,937 shares of the asset manager’s stock valued at $1,604,000 after buying an additional 31,605 shares during the last quarter. First Trust Advisors LP grew its position in shares of Waddell & Reed Financial by 1.1% during the 3rd quarter. First Trust Advisors LP now owns 542,018 shares of the asset manager’s stock valued at $10,878,000 after buying an additional 5,792 shares during the last quarter. Crossmark Global Holdings Inc. bought a new stake in shares of Waddell & Reed Financial during the 3rd quarter valued at about $364,000. Finally, Victory Capital Management Inc. grew its position in shares of Waddell & Reed Financial by 52.2% during the 3rd quarter. Victory Capital Management Inc. now owns 35,590 shares of the asset manager’s stock valued at $714,000 after buying an additional 12,206 shares during the last quarter. Institutional investors and hedge funds own 98.10% of the company’s stock.
Shares of Waddell & Reed Financial (NYSE WDR) traded down $0.72 during mid-day trading on Tuesday, reaching $20.32. 824,880 shares of the company’s stock were exchanged, compared to its average volume of 1,133,453. Waddell & Reed Financial has a 52-week low of $16.11 and a 52-week high of $23.82. The company has a debt-to-equity ratio of 0.11, a current ratio of 3.02 and a quick ratio of 1.14. The firm has a market cap of $1,722.25, a price-to-earnings ratio of 13.73 and a beta of 2.00.
Waddell & Reed Financial (NYSE:WDR) last issued its quarterly earnings data on Tuesday, January 30th. The asset manager reported $0.48 EPS for the quarter, topping analysts’ consensus estimates of $0.45 by $0.03. Waddell & Reed Financial had a net margin of 10.72% and a return on equity of 16.72%. The firm had revenue of $294.48 million for the quarter, compared to analyst estimates of $286.55 million. During the same quarter in the previous year, the business posted $0.43 EPS. The firm’s revenue was up .5% compared to the same quarter last year. research analysts predict that Waddell & Reed Financial will post 2.11 EPS for the current fiscal year.
About Waddell & Reed Financial
Waddell & Reed Financial, Inc, incorporated on December 24, 1981, is a holding company. The Company is a mutual fund and asset management company. The Company provides investment management, investment advisory, investment product underwriting, and distribution and shareholder services administration to Waddell & Reed Advisors group of mutual funds (the Advisors Funds), Ivy Funds, Ivy Funds Variable Insurance Portfolios (Ivy Funds VIP), InvestEd Portfolios and 529 college savings plan (collectively, the Funds), and the Ivy Global Investors Fund SICAV (the SICAV) and its Ivy Global Investors sub-funds (the IGI Funds), and institutional and separately managed accounts.
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