Waddell & Reed Financial Inc. Reaches New 12-Month High at $55.18 (WDR)
Waddell & Reed Financial (NYSE:WDR)’s share price reached a new 52-week high during trading hours on Monday, American Banking News.com reports. The company traded as high as $55.18 and last traded at $55.05, with a volume of 295,598 shares traded. The stock had previously closed at $54.67.
Several analysts have recently commented on the stock. Analysts at Zacks upgraded shares of Waddell & Reed Financial from a “neutral” rating to an “outperform” rating in a research note to investors on Thursday. They now have a $56.00 price target on the stock. Separately, analysts at Keefe, Bruyette & Woods raised their price target on shares of Waddell & Reed Financial from $53.00 to $58.00 in a research note to investors on Wednesday, October 9th. They now have a “hold” rating on the stock. Finally, analysts at Morgan Stanley raised their price target on shares of Waddell & Reed Financial from $51.00 to $58.00 in a research note to investors on Thursday, October 3rd. They now have an “equal weight” rating on the stock. One analyst has rated the stock with a sell rating, six have issued a hold rating and one has given a buy rating to the company. The stock presently has an average rating of “Hold” and a consensus price target of $48.78.
Waddell & Reed Financial has a 52-week low of $31.13 and a 52-week high of $55.03. The stock’s 50-day moving average is $51.00 and its 200-day moving average is $47.20. The company has a market cap of $4.752 billion and a price-to-earnings ratio of 27.99.
Waddell & Reed Financial (NYSE:WDR) last posted its quarterly earnings results on Tuesday, July 30th. The company reported $0.67 EPS for the quarter, beating the Thomson Reuters consensus estimate of $0.64 by $0.03. The company had revenue of $331.70 million for the quarter, compared to the consensus estimate of $329.30 million. During the same quarter in the prior year, the company posted $0.52 earnings per share. The company’s quarterly revenue was up 14.5% on a year-over-year basis. On average, analysts predict that Waddell & Reed Financial will post $2.71 earnings per share for the current fiscal year.
The company also recently announced a quarterly dividend, which is scheduled for Friday, November 1st. Stockholders of record on Friday, October 11th will be paid a dividend of $0.28 per share. This represents a $1.12 annualized dividend and a dividend yield of 2.02%. The ex-dividend date is Wednesday, October 9th.
Waddell & Reed Financial, Inc is engaged in providing investment management, investment product underwriting and distribution, and shareholder services administration to mutual funds and institutional and separately managed accounts.
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