Waddell & Reed Financial Inc. Sets New 1-Year High at $66.24 (WDR)
Waddell & Reed Financial (NYSE:WDR) set a new 52-week high on Friday, American Banking & Market News reports. The company traded as high as $66.24 and last traded at $66.07, with a volume of 606,489 shares. The stock had previously closed at $64.76.
A number of research firms have recently commented on WDR. Analysts at Citigroup Inc. reiterated a “neutral” rating on shares of Waddell & Reed Financial in a research note to investors on Monday, November 18th. They now have a $68.00 price target on the stock, up previously from $63.00. Separately, analysts at Morgan Stanley raised their price target on shares of Waddell & Reed Financial from $58.00 to $63.00 in a research note to investors on Wednesday, October 30th. They now have an “equal weight” rating on the stock. Finally, analysts at Keefe, Bruyette & Woods raised their price target on shares of Waddell & Reed Financial from $58.00 to $64.00 in a research note to investors on Wednesday, October 30th. One research analyst has rated the stock with a sell rating, seven have given a hold rating and one has issued a buy rating to the stock. The stock presently has a consensus rating of “Hold” and a consensus price target of $56.22.
Waddell & Reed Financial has a one year low of $35.85 and a one year high of $66.09. The stock’s 50-day moving average is $63.93 and its 200-day moving average is $54.74. The company has a market cap of $5.642 billion and a price-to-earnings ratio of 24.36.
Waddell & Reed Financial (NYSE:WDR) last announced its earnings results on Tuesday, October 29th. The company reported $0.80 earnings per share for the quarter, beating the analysts’ consensus estimate of $0.70 by $0.10. The company had revenue of $347.10 million for the quarter, compared to the consensus estimate of $335.30 million. During the same quarter last year, the company posted $0.61 earnings per share. Waddell & Reed Financial’s revenue was up 18.3% compared to the same quarter last year. Analysts expect that Waddell & Reed Financial will post $2.79 EPS for the current fiscal year.
The company also recently announced a quarterly dividend, which is scheduled for Monday, February 3rd. Shareholders of record on Monday, January 13th will be paid a dividend of 0.34 per share. This represents a $1.36 annualized dividend and a dividend yield of 2.06%. The ex-dividend date is Thursday, January 9th. This is a positive change from Waddell & Reed Financial’s previous quarterly dividend of $0.28.
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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