Waddell & Reed Financial, Inc. Plans Quarterly Dividend of $0.34 (WDR)
Waddell & Reed Financial (NYSE:WDR) declared a quarterly dividend on Friday, June 20th, Stock Ratings News reports. Investors of record on Friday, July 11th will be given a dividend of 0.34 per share on Friday, August 1st. This represents a $1.36 dividend on an annualized basis and a yield of 2.18%.
Several analysts have recently commented on the stock. Analysts at Evercore Partners initiated coverage on shares of Waddell & Reed Financial in a research note on Friday, May 30th. They set an “equal weight” rating and a $63.00 price target on the stock. On the ratings front, analysts at RBC Capital raised their price target on shares of Waddell & Reed Financial from $78.00 to $83.00 in a research note on Wednesday, April 30th. They now have an “outperform” rating on the stock. Finally, analysts at Keefe, Bruyette & Woods upgraded shares of Waddell & Reed Financial from a “market perform” rating to an “outperform” rating in a research note on Wednesday, April 30th. They now have a $80.00 price target on the stock, down previously from $82.00. Two equities research analysts have rated the stock with a hold rating and six have assigned a buy rating to the stock. Waddell & Reed Financial presently has a consensus rating of “Buy” and an average target price of $82.59.
Waddell & Reed Financial (NYSE:WDR) opened at 62.30 on Friday. Waddell & Reed Financial has a 52-week low of $41.53 and a 52-week high of $76.46. The stock’s 50-day moving average is $62.41 and its 200-day moving average is $66.42. The company has a market cap of $5.310 billion and a P/E ratio of 19.46. Waddell & Reed Financial also saw a significant increase in short interest in May. As of May 30th, there was short interest totalling 3,580,610 shares, an increase of 43.7% from the May 15th total of 2,491,313 shares. Currently, 4.4% of the shares of the stock are sold short. Based on an average daily trading volume, of 1,072,247 shares, the short-interest ratio is currently 3.3 days.
Waddell & Reed Financial (NYSE:WDR) last announced its earnings results on Tuesday, April 29th. The company reported $0.88 EPS for the quarter, beating the Thomson Reuters consensus estimate of $0.85 by $0.03. The company had revenue of $390.40 million for the quarter, compared to the consensus estimate of $388.87 million. During the same quarter in the prior year, the company posted $0.63 earnings per share. The company’s quarterly revenue was up 23.3% on a year-over-year basis. On average, analysts predict that Waddell & Reed Financial will post $3.75 earnings per share for the current fiscal year.
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.