Waddell & Reed Financial VP Unloads $73,765 in Stock (WDR)
Waddell & Reed Financial (NYSE:WDR) VP Melissa A. Clouse sold 1,298 shares of the company’s stock on the open market in a transaction that occurred on Wednesday, September 3rd. The stock was sold at an average price of $56.83, for a total value of $73,765.34. Following the completion of the sale, the vice president now directly owns 8,391 shares of the company’s stock, valued at approximately $476,861. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link.
Waddell & Reed Financial (NYSE:WDR) traded up 0.97% on Thursday, hitting $57.05. The stock had a trading volume of 1,237,851 shares. Waddell & Reed Financial has a one year low of $47.98 and a one year high of $76.46. The stock has a 50-day moving average of $54.96 and a 200-day moving average of $63.32. The company has a market cap of $4.818 billion and a price-to-earnings ratio of 15.79.
Waddell & Reed Financial (NYSE:WDR) last released its earnings data on Tuesday, July 29th. The company reported $0.98 EPS for the quarter, beating the Thomson Reuters consensus estimate of $0.91 by $0.07. The company had revenue of $400.60 million for the quarter, compared to the consensus estimate of $405.90 million. During the same quarter in the prior year, the company posted $0.67 earnings per share. The company’s quarterly revenue was up 20.8% on a year-over-year basis. Analysts expect that Waddell & Reed Financial will post $3.77 EPS for the current fiscal year.
A number of analysts have recently weighed in on WDR shares. Analysts at Jefferies Group upgraded shares of Waddell & Reed Financial from a “hold” rating to a “buy” rating in a research note on Tuesday. They now have a $64.00 price target on the stock. Separately, analysts at Susquehanna initiated coverage on shares of Waddell & Reed Financial in a research note on Thursday, August 7th. They set a “neutral” rating and a $56.00 price target on the stock. Finally, analysts at Citigroup Inc. reiterated a “neutral” rating on shares of Waddell & Reed Financial in a research note on Wednesday, July 30th. They now have a $60.00 price target on the stock, down previously from $66.00. Four analysts have rated the stock with a hold rating and six have assigned a buy rating to the stock. Waddell & Reed Financial currently has a consensus rating of “Buy” and an average target price of $76.85.
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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