Waddell & Reed Financial Inc. Sets New 1-Year High at $69.42 (WDR)
Shares of Waddell & Reed Financial (NYSE:WDR) hit a new 52-week high during trading hours on Wednesday, American Banking and Market News reports. The company traded as high as $69.42 and last traded at $69.24, with a volume of 448,005 shares trading hands. The stock had previously closed at $68.05.
Several analysts have recently commented on the stock. Analysts at RBC Capital raised their price target on shares of Waddell & Reed Financial from $64.00 to $76.00 in a research note to investors on Wednesday. They now have an “outperform” rating on the stock. Separately, analysts at Zacks reiterated an “outperform” rating on shares of Waddell & Reed Financial in a research note to investors on Monday. They now have a $80.00 price target on the stock. Finally, analysts at Keefe, Bruyette & Woods reiterated a “market perform” rating on shares of Waddell & Reed Financial in a research note to investors on Friday, January 10th. They now have a $68.00 price target on the stock, up previously from $64.00. One investment analyst has rated the stock with a sell rating, eight have issued a hold rating and two have assigned a buy rating to the company’s stock. The company has a consensus rating of “Hold” and a consensus price target of $61.33.
Waddell & Reed Financial has a 1-year low of $37.89 and a 1-year high of $69.13. The stock has a 50-day moving average of $64.95 and a 200-day moving average of $56.90. The company has a market cap of $5.930 billion and a P/E ratio of 25.60.
Waddell & Reed Financial (NYSE:WDR) last issued its quarterly earnings data on Tuesday, October 29th. The company reported $0.80 EPS for the quarter, beating the Thomson Reuters 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 in the prior year, the company posted $0.61 earnings per share. The company’s quarterly revenue was up 18.3% on a year-over-year basis. Analysts expect that Waddell & Reed Financial will post $2.82 EPS for the current fiscal year.
The company also recently announced a quarterly dividend, which is scheduled for Monday, February 3rd. Investors 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 1.96%. The ex-dividend date is Thursday, January 9th. This is an increase 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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