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Shares of Waddell & Reed Financial (NYSE:WDR) have earned a consensus rating of “Buy” from the twelve brokerages that are presently covering the company, American Banking and Market News reports. Four analysts have rated the stock with a hold rating and six have given a buy rating to the company. The average 1-year target price among brokerages that have issued ratings on the stock in the last year is $81.24.

Shares of Waddell & Reed Financial (NYSE:WDR) opened at 57.52 on Friday. Waddell & Reed Financial has a one year low of $47.20 and a one year high of $76.46. The stock has a 50-day moving average of $61.08 and a 200-day moving average of $66.03. The company has a market cap of $4.902 billion and a P/E ratio of 18.15.

Waddell & Reed Financial (NYSE:WDR) last announced its earnings results on Tuesday, April 29th. The company reported $0.88 earnings per share (EPS) for the quarter, beating the 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 previous year, the company posted $0.63 earnings per share. The company’s revenue for the quarter was up 23.3% on a year-over-year basis. Analysts expect that Waddell & Reed Financial will post $3.76 EPS for the current fiscal year.

The company also recently declared a quarterly dividend, which is scheduled for Friday, August 1st. Investors of record on Friday, July 11th will be given a dividend of $0.34 per share. This represents a $1.36 dividend on an annualized basis and a yield of 2.36%. The ex-dividend date of this dividend is Wednesday, July 9th.

Several analysts have recently commented on the stock. Analysts at Citigroup Inc. downgraded shares of Waddell & Reed Financial from a “buy” rating to a “neutral” rating in a research note on Thursday, July 10th. Separately, analysts at Zacks downgraded shares of Waddell & Reed Financial from an “outperform” rating to a “neutral” rating in a research note on Tuesday, July 8th. They now have a $66.00 price target on the stock. Finally, analysts at William Blair initiated coverage on shares of Waddell & Reed Financial in a research note on Tuesday, July 8th. They set an “outperform” rating on the stock.

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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