Insider Selling: James M. Raines Sells 4,143 Shares of Waddell & Reed Financial Stock (WDR)
Waddell & Reed Financial (NYSE:WDR) Director James M. Raines unloaded 4,143 shares of the company’s stock on the open market in a transaction dated Thursday, February 6th. The shares were sold at an average price of $67.73, for a total transaction of $280,605.39. Following the completion of the sale, the director now directly owns 12,492 shares of the company’s stock, valued at approximately $846,083. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link.
Waddell & Reed Financial (NYSE:WDR) traded up 3.46% on Friday, hitting $67.05. 790,232 shares of the company’s stock traded hands. Waddell & Reed Financial has a 52-week low of $38.70 and a 52-week high of $69.64. The stock has a 50-day moving average of $65.86 and a 200-day moving average of $58.38. The company has a market cap of $5.727 billion and a price-to-earnings ratio of 24.38.
Waddell & Reed Financial (NYSE:WDR) last announced its earnings results on Tuesday, February 4th. The company reported $0.92 earnings per share for the quarter, beating the analysts’ consensus estimate of $0.83 by $0.09. The company had revenue of $375.00 million for the quarter, compared to the consensus estimate of $370.47 million. During the same quarter last year, the company posted $0.61 earnings per share. Waddell & Reed Financial’s revenue was up 23.8% compared to the same quarter last year. Analysts expect that Waddell & Reed Financial will post $3.67 EPS for the current fiscal year.
WDR has been the subject of a number of recent research reports. Analysts at Keefe, Bruyette & Woods raised their price target on shares of Waddell & Reed Financial from $68.00 to $70.00 in a research note to investors on Wednesday. Separately, analysts at RBC Capital raised their price target on shares of Waddell & Reed Financial from $76.00 to $78.00 in a research note to investors on Wednesday. Finally, analysts at Citigroup Inc. upgraded shares of Waddell & Reed Financial from a “neutral” rating to a “buy” rating in a research note to investors on Wednesday. They now have a $76.00 price target on the stock, up previously from $66.00. One analyst has rated the stock with a sell rating, five have given a hold rating and two have given a buy rating to the stock. The stock currently has an average rating of “Hold” and an average price target of $66.63.
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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