Shares of Waddell & Reed Financial, Inc. (NYSE:WDR) have been assigned an average rating of “Hold” from the ten analysts that are currently covering the stock, MarketBeat reports. Six research analysts have rated the stock with a sell rating, two have given a hold rating and two have given a buy rating to the company. The average 1-year price target among brokers that have covered the stock in the last year is $18.19.

WDR has been the topic of several research reports. ValuEngine raised shares of Waddell & Reed Financial from a “hold” rating to a “buy” rating in a research note on Tuesday, June 20th. BidaskClub raised shares of Waddell & Reed Financial from a “hold” rating to a “buy” rating in a research note on Thursday, June 15th. Zacks Investment Research raised shares of Waddell & Reed Financial from a “hold” rating to a “buy” rating and set a $23.00 price target on the stock in a research note on Thursday. Keefe, Bruyette & Woods reissued a “hold” rating and set a $20.00 price target on shares of Waddell & Reed Financial in a research note on Thursday, August 3rd. Finally, Jefferies Group LLC reissued a “hold” rating and set a $19.00 price target (down from $20.00) on shares of Waddell & Reed Financial in a research note on Wednesday, August 2nd.

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

Institutional investors have recently modified their holdings of the company. Riverhead Capital Management LLC grew its holdings in shares of Waddell & Reed Financial by 79.0% in the second quarter. Riverhead Capital Management LLC now owns 6,624 shares of the asset manager’s stock worth $125,000 after purchasing an additional 2,924 shares during the last quarter. Flinton Capital Management LLC grew its holdings in shares of Waddell & Reed Financial by 80.3% in the second quarter. Flinton Capital Management LLC now owns 9,010 shares of the asset manager’s stock worth $170,000 after purchasing an additional 4,012 shares during the last quarter. C M Bidwell & Associates Ltd. bought a new position in shares of Waddell & Reed Financial in the second quarter worth approximately $173,000. Advantus Capital Management Inc grew its holdings in shares of Waddell & Reed Financial by 4.8% in the first quarter. Advantus Capital Management Inc now owns 10,790 shares of the asset manager’s stock worth $183,000 after purchasing an additional 498 shares during the last quarter. Finally, CIBC Asset Management Inc bought a new position in shares of Waddell & Reed Financial in the second quarter worth approximately $194,000. Hedge funds and other institutional investors own 96.37% of the company’s stock.

Shares of Waddell & Reed Financial (NYSE WDR) traded down 1.57% during midday trading on Friday, hitting $20.05. 1,054,711 shares of the company traded hands. The stock has a 50 day moving average of $18.68 and a 200-day moving average of $18.32. Waddell & Reed Financial has a 52 week low of $15.02 and a 52 week high of $22.45. The stock has a market capitalization of $1.68 billion, a PE ratio of 12.60 and a beta of 2.04.

Waddell & Reed Financial (NYSE:WDR) last posted its quarterly earnings results on Tuesday, August 1st. The asset manager reported $0.39 EPS for the quarter, topping the consensus estimate of $0.37 by $0.02. The firm had revenue of $286.70 million for the quarter, compared to the consensus estimate of $285.25 million. Waddell & Reed Financial had a net margin of 11.34% and a return on equity of 18.75%. The business’s revenue was down 10.2% compared to the same quarter last year. During the same period last year, the firm posted $0.59 earnings per share. Equities analysts forecast that Waddell & Reed Financial will post $1.45 earnings per share for the current fiscal year.

The company also recently announced a quarterly dividend, which will be paid on Wednesday, November 1st. Stockholders of record on Wednesday, October 11th will be issued a $0.46 dividend. This represents a $1.84 annualized dividend and a dividend yield of 9.18%. The ex-dividend date is Tuesday, October 10th. Waddell & Reed Financial’s dividend payout ratio is 115.72%.

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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.

Analyst Recommendations for Waddell & Reed Financial (NYSE:WDR)

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