Waddell & Reed Financial PT Raised to $76.00 (WDR)
Investment analysts at RBC Capital boosted their target price on shares of Waddell & Reed Financial (NYSE:WDR) from $64.00 to $76.00 in a note issued to investors on Wednesday, Analyst Ratings Net reports. The firm currently has an “outperform” rating on the stock. RBC Capital’s price target would suggest a potential upside of 11.68% from the stock’s previous close.
Several other analysts have also recently commented on the stock. 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. Separately, 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. Finally, 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. One analyst has rated the stock with a sell rating, eight have issued a hold rating and two have assigned a buy rating to the stock. The stock presently has an average rating of “Hold” and an average target price of $61.33.
Waddell & Reed Financial (NYSE:WDR) opened at 68.05 on Wednesday. Waddell & Reed Financial has a 52 week low of $37.89 and a 52 week high of $69.13. The stock’s 50-day moving average is $64.95 and its 200-day moving average is $56.90. The company has a market cap of $5.813 billion and a price-to-earnings ratio of 25.67.
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 $2.82 EPS for the current fiscal year.
The company also recently announced a quarterly dividend, which is scheduled for Monday, February 3rd. Stockholders 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 2.00%. The ex-dividend date is Thursday, January 9th. This is a boost 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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