Equities Analysts Set Expectations for Waddell & Reed Financial Inc.’s Q1 2017 Earnings (WDR)
Waddell & Reed Financial Inc. (NYSE:WDR) – Research analysts at Jefferies Group issued their Q1 2017 EPS estimates for Waddell & Reed Financial in a report released on Tuesday. Jefferies Group analyst D. Fannon expects that the brokerage will post earnings of $0.44 per share for the quarter. Jefferies Group has a “Hold” rating and a $19.00 price objective on the stock.
Other research analysts also recently issued reports about the company. RBC Capital Markets set a $26.00 target price on Waddell & Reed Financial and gave the company a “buy” rating in a research note on Wednesday, July 27th. Zacks Investment Research upgraded Waddell & Reed Financial from a “sell” rating to a “hold” rating in a research note on Monday, August 1st. Citigroup Inc. upgraded Waddell & Reed Financial from a “sell” rating to a “neutral” rating and set a $16.00 target price on the stock in a research note on Tuesday, July 12th. Royal Bank Of Canada lowered their target price on Waddell & Reed Financial from $29.00 to $26.00 and set an “outperform” rating on the stock in a research note on Wednesday, July 27th. Finally, Morgan Stanley reiterated a “sell” rating and issued a $17.00 target price on shares of Waddell & Reed Financial in a research note on Thursday, July 28th. Three analysts have rated the stock with a sell rating, seven have assigned a hold rating and two have issued a buy rating to the company’s stock. Waddell & Reed Financial currently has an average rating of “Hold” and a consensus price target of $23.82.
Shares of Waddell & Reed Financial (NYSE:WDR) traded up 1.71% during mid-day trading on Wednesday, hitting $17.87. The company’s stock had a trading volume of 311,947 shares. The stock has a 50-day moving average of $18.13 and a 200-day moving average of $19.36. Waddell & Reed Financial has a 12-month low of $15.70 and a 12-month high of $38.85. The company has a market cap of $1.48 billion, a PE ratio of 8.15 and a beta of 1.78.
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Waddell & Reed Financial (NYSE:WDR) last issued its earnings results on Tuesday, July 26th. The company reported $0.59 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.48 by $0.11. Waddell & Reed Financial had a return on equity of 26.65% and a net margin of 13.16%. The business earned $319.20 million during the quarter, compared to the consensus estimate of $312.82 million. During the same period last year, the company earned $0.80 EPS. The company’s revenue for the quarter was down 19.0% on a year-over-year basis.
The company also recently announced a quarterly dividend, which will be paid on Tuesday, November 1st. Shareholders of record on Tuesday, October 11th will be given a dividend of $0.46 per share. The ex-dividend date of this dividend is Thursday, October 6th. This represents a $1.84 dividend on an annualized basis and a yield of 10.47%. Waddell & Reed Financial’s payout ratio is 83.64%.
A number of hedge funds have recently bought and sold shares of the company. Fisher Asset Management LLC increased its stake in Waddell & Reed Financial by 1.5% in the third quarter. Fisher Asset Management LLC now owns 1,939,684 shares of the company’s stock worth $35,225,000 after buying an additional 28,730 shares during the last quarter. Oregon Public Employees Retirement Fund increased its stake in Waddell & Reed Financial by 2.0% in the third quarter. Oregon Public Employees Retirement Fund now owns 28,534 shares of the company’s stock worth $518,000 after buying an additional 562 shares during the last quarter. Foundry Partners LLC increased its stake in Waddell & Reed Financial by 5.1% in the third quarter. Foundry Partners LLC now owns 150,969 shares of the company’s stock worth $2,742,000 after buying an additional 7,332 shares during the last quarter. Mason Street Advisors LLC purchased a new stake in Waddell & Reed Financial during the second quarter worth approximately $640,000. Finally, Schwab Charles Investment Management Inc. increased its stake in Waddell & Reed Financial by 36.1% in the second quarter. Schwab Charles Investment Management Inc. now owns 565,361 shares of the company’s stock worth $9,736,000 after buying an additional 149,894 shares during the last quarter. Institutional investors own 83.13% of the company’s stock.
Waddell & Reed Financial Company Profile
Waddell & Reed Financial, Inc is a mutual fund and asset management company. The Company provides investment management, investment advisory, investment product underwriting and distribution and shareholder services administration to Waddell & Reed Advisors group of mutual funds, Ivy Funds, Ivy Funds Variable Insurance Portfolios, InvestEd Portfolios and 529 college savings plan (collectively, the Funds), and the Ivy Global Investors Fund SICAV and its Ivy Global Investors sub-funds (the IGI Funds), and institutional and separately managed accounts.
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