Waddell & Reed Financial (NYSE: WDR) has recently received a number of price target changes and ratings updates:

  • 8/3/2017 – Waddell & Reed Financial had its “hold” rating reaffirmed by analysts at Keefe, Bruyette & Woods. They now have a $20.00 price target on the stock.
  • 8/2/2017 – Waddell & Reed Financial was given a new $18.00 price target on by analysts at Royal Bank Of Canada. They now have a “sell” rating on the stock.
  • 8/2/2017 – Waddell & Reed Financial had its “hold” rating reaffirmed by analysts at Jefferies Group LLC. They now have a $19.00 price target on the stock, down previously from $20.00.
  • 7/25/2017 – Waddell & Reed Financial was downgraded by analysts at BidaskClub from a “strong-buy” rating to a “buy” rating.
  • 7/12/2017 – Waddell & Reed Financial was upgraded by analysts at BidaskClub from a “buy” rating to a “strong-buy” rating.
  • 7/10/2017 – Waddell & Reed Financial had its “underweight” rating reaffirmed by analysts at Morgan Stanley. They now have a $15.00 price target on the stock, up previously from $14.00.
  • 6/29/2017 – Waddell & Reed Financial is now covered by analysts at Royal Bank Of Canada. They set an “underperform” rating and a $17.00 price target on the stock.
  • 6/28/2017 – Waddell & Reed Financial had its “hold” rating reaffirmed by analysts at Jefferies Group LLC. They now have a $18.00 price target on the stock.
  • 6/20/2017 – Waddell & Reed Financial was upgraded by analysts at ValuEngine from a “hold” rating to a “buy” rating.
  • 6/15/2017 – Waddell & Reed Financial was upgraded by analysts at BidaskClub from a “hold” rating to a “buy” rating.
  • 6/14/2017 – Waddell & Reed Financial was upgraded by analysts at Keefe, Bruyette & Woods from an “underperform” rating to a “market perform” rating. They now have a $17.75 price target on the stock, up previously from $16.50.
  • 6/9/2017 – Waddell & Reed Financial had its “sell” rating reaffirmed by analysts at Keefe, Bruyette & Woods. They now have a $16.50 price target on the stock.

Waddell & Reed Financial, Inc. (NYSE:WDR) traded up 0.41% on Monday, reaching $19.67. 30,117 shares of the company’s stock were exchanged. The firm has a 50-day moving average of $19.77 and a 200-day moving average of $18.17. Waddell & Reed Financial, Inc. has a 12 month low of $15.02 and a 12 month high of $22.45. The firm has a market capitalization of $1.64 billion, a price-to-earnings ratio of 12.36 and a beta of 2.04.

Waddell & Reed Financial (NYSE:WDR) last announced its quarterly earnings data on Tuesday, August 1st. The asset manager reported $0.39 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.37 by $0.02. The company had revenue of $286.70 million during the quarter, compared to analysts’ expectations of $285.25 million. Waddell & Reed Financial had a net margin of 11.34% and a return on equity of 18.74%. The business’s revenue was down 10.2% on a year-over-year basis. During the same quarter in the prior year, the company posted $0.59 EPS. On average, equities analysts expect that Waddell & Reed Financial, Inc. will post $1.47 earnings per share for the current year.

The company also recently announced a quarterly dividend, which was paid on Tuesday, August 1st. Investors of record on Tuesday, July 11th were given a dividend of $0.46 per share. This represents a $1.84 dividend on an annualized basis and a dividend yield of 9.39%. The ex-dividend date was Friday, July 7th. Waddell & Reed Financial’s dividend payout ratio (DPR) is currently 115.72%.

Waddell & Reed Financial, Inc, incorporated on December 24, 1981, is a holding company. The Company 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 (the Advisors Funds), Ivy Funds, Ivy Funds Variable Insurance Portfolios (Ivy Funds VIP), InvestEd Portfolios and 529 college savings plan (collectively, the Funds), and the Ivy Global Investors Fund SICAV (the SICAV) and its Ivy Global Investors sub-funds (the IGI Funds), and institutional and separately managed accounts.

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