Waddell & Reed Financial, Inc. (NYSE:WDR) – Equities researchers at Jefferies Group upped their Q3 2017 earnings estimates for Waddell & Reed Financial in a research report issued on Tuesday. Jefferies Group analyst D. Fannon now expects that the asset manager will post earnings per share of $0.38 for the quarter, up from their prior estimate of $0.37. Jefferies Group currently has a “Hold” rating and a $20.00 price objective on the stock. Jefferies Group also issued estimates for Waddell & Reed Financial’s Q4 2017 earnings at $0.38 EPS, FY2017 earnings at $1.46 EPS, Q3 2018 earnings at $0.42 EPS, Q4 2018 earnings at $0.42 EPS, FY2018 earnings at $1.64 EPS and FY2019 earnings at $1.74 EPS.

Waddell & Reed Financial (NYSE:WDR) last posted its earnings results on Tuesday, August 1st. The asset manager reported $0.39 earnings per share for the quarter, topping analysts’ consensus estimates of $0.37 by $0.02. Waddell & Reed Financial had a net margin of 11.34% and a return on equity of 18.75%. The firm had revenue of $286.70 million for the quarter, compared to the consensus estimate of $285.25 million. During the same period in the previous year, the firm posted $0.59 EPS. The business’s quarterly revenue was down 10.2% on a year-over-year basis.

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Several other brokerages also recently issued reports on WDR. Royal Bank Of Canada set a $18.00 price target on Waddell & Reed Financial and gave the stock a “sell” rating in a report on Wednesday, August 2nd. BidaskClub downgraded Waddell & Reed Financial from a “strong-buy” rating to a “buy” rating in a report on Tuesday, July 25th. Zacks Investment Research upgraded Waddell & Reed Financial from a “hold” rating to a “buy” rating and set a $23.00 price objective for the company in a report on Thursday, October 5th. ValuEngine upgraded Waddell & Reed Financial from a “hold” rating to a “buy” rating in a report on Monday, October 2nd. Finally, Morgan Stanley reiterated an “underweight” rating and set a $15.00 price objective (up from $14.00) on shares of Waddell & Reed Financial in a report on Monday, July 10th. Six research analysts have rated the stock with a sell rating, two have issued a hold rating and two have assigned a buy rating to the stock. The company presently has a consensus rating of “Hold” and an average price target of $18.31.

Waddell & Reed Financial (NYSE WDR) opened at 20.23 on Thursday. The company’s 50-day moving average is $18.95 and its 200 day moving average is $18.44. The company has a market capitalization of $1.69 billion, a P/E ratio of 12.72 and a beta of 2.04. Waddell & Reed Financial has a one year low of $15.02 and a one year high of $22.45.

The business also recently declared a quarterly dividend, which will be paid on Wednesday, November 1st. Investors of record on Wednesday, October 11th will be given a dividend of $0.46 per share. The ex-dividend date is Tuesday, October 10th. This represents a $1.84 annualized dividend and a yield of 9.10%. Waddell & Reed Financial’s dividend payout ratio (DPR) is presently 115.72%.

In related news, Director Alan W. Kosloff sold 25,076 shares of the stock in a transaction that occurred on Thursday, August 3rd. The stock was sold at an average price of $19.40, for a total transaction of $486,474.40. Following the completion of the transaction, the director now directly owns 71,873 shares of the company’s stock, valued at $1,394,336.20. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, VP Benjamin R. Clouse sold 5,903 shares of the stock in a transaction that occurred on Monday, August 7th. The shares were sold at an average price of $20.01, for a total value of $118,119.03. Following the transaction, the vice president now directly owns 25,845 shares of the company’s stock, valued at $517,158.45. The disclosure for this sale can be found here. Corporate insiders own 3.80% of the company’s stock.

A number of hedge funds and other institutional investors have recently modified their holdings of the stock. BlackRock Inc. boosted its position in Waddell & Reed Financial by 23,010.1% during the first quarter. BlackRock Inc. now owns 16,672,997 shares of the asset manager’s stock valued at $283,440,000 after purchasing an additional 16,600,851 shares during the last quarter. Vanguard Group Inc. boosted its position in Waddell & Reed Financial by 11.5% during the second quarter. Vanguard Group Inc. now owns 7,596,348 shares of the asset manager’s stock valued at $143,419,000 after purchasing an additional 781,453 shares during the last quarter. FMR LLC boosted its position in Waddell & Reed Financial by 73.2% during the second quarter. FMR LLC now owns 4,856,894 shares of the asset manager’s stock valued at $91,698,000 after purchasing an additional 2,052,378 shares during the last quarter. State Street Corp boosted its position in Waddell & Reed Financial by 19.4% during the first quarter. State Street Corp now owns 3,481,236 shares of the asset manager’s stock valued at $59,185,000 after purchasing an additional 565,584 shares during the last quarter. Finally, Schroder Investment Management Group boosted its position in Waddell & Reed Financial by 35.4% during the second quarter. Schroder Investment Management Group now owns 2,930,633 shares of the asset manager’s stock valued at $56,209,000 after purchasing an additional 765,800 shares during the last quarter. 96.37% of the stock is owned by hedge funds and other institutional investors.

About Waddell & Reed Financial

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.

Earnings History and Estimates for Waddell & Reed Financial (NYSE:WDR)

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