Shares of Waddell & Reed Financial, Inc. (NYSE:WDR) have earned an average rating of “Hold” from the ten brokerages that are covering the stock, MarketBeat.com reports. Six investment analysts have rated the stock with a sell recommendation, three have issued a hold recommendation and one has given a buy recommendation to the company. The average 1-year price target among brokers that have updated their coverage on the stock in the last year is $19.38.

A number of equities analysts have recently weighed in on WDR shares. ValuEngine raised Waddell & Reed Financial from a “hold” rating to a “buy” rating in a research note on Monday, October 2nd. Zacks Investment Research raised Waddell & Reed Financial from a “hold” rating to a “buy” rating and set a $23.00 price objective for the company in a research note on Thursday, October 5th. Jefferies Group boosted their target price on Waddell & Reed Financial from $19.00 to $20.00 and gave the stock a “hold” rating in a research report on Tuesday, October 10th. Royal Bank of Canada set a $18.00 target price on Waddell & Reed Financial and gave the stock a “sell” rating in a research report on Wednesday, October 18th. Finally, Bank of America boosted their target price on Waddell & Reed Financial from $17.00 to $18.00 and gave the stock an “underperform” rating in a research report on Wednesday, October 25th.

Waddell & Reed Financial (NYSE:WDR) traded up $0.04 during trading hours on Monday, reaching $21.86. The company’s stock had a trading volume of 878,500 shares, compared to its average volume of 753,550. Waddell & Reed Financial has a twelve month low of $16.11 and a twelve month high of $22.88. The company has a quick ratio of 1.14, a current ratio of 3.02 and a debt-to-equity ratio of 0.11. The company has a market capitalization of $1,830.00, a price-to-earnings ratio of 15.61 and a beta of 2.10.

Waddell & Reed Financial (NYSE:WDR) last released its quarterly earnings results on Tuesday, October 24th. The asset manager reported $0.45 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $0.41 by $0.04. Waddell & Reed Financial had a return on equity of 16.81% and a net margin of 10.10%. The business had revenue of $289.45 million during the quarter, compared to analyst estimates of $285.30 million. During the same quarter in the previous year, the company posted $0.65 earnings per share. Waddell & Reed Financial’s revenue for the quarter was down 4.5% on a year-over-year basis. equities analysts anticipate that Waddell & Reed Financial will post 1.56 earnings per share for the current year.

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, February 1st. Shareholders of record on Thursday, January 11th will be given a dividend of $0.25 per share. The ex-dividend date is Wednesday, January 10th. This represents a $1.00 dividend on an annualized basis and a yield of 4.57%. Waddell & Reed Financial’s dividend payout ratio (DPR) is presently 131.43%.

In other news, CMO Thomas W. Butch sold 5,000 shares of the company’s stock in a transaction that occurred on Thursday, November 9th. The stock was sold at an average price of $19.26, for a total transaction of $96,300.00. Following the transaction, the chief marketing officer now owns 248 shares of the company’s stock, valued at $4,776.48. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Also, SVP Wendy J. Hills sold 31,273 shares of the company’s stock in a transaction that occurred on Friday, December 22nd. The shares were sold at an average price of $22.41, for a total value of $700,827.93. Following the transaction, the senior vice president now directly owns 151,602 shares in the company, valued at approximately $3,397,400.82. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 100,619 shares of company stock worth $2,192,613. Company insiders own 3.80% of the company’s stock.

A number of large investors have recently made changes to their positions in WDR. Russell Investments Group Ltd. boosted its position in Waddell & Reed Financial by 43.4% during the 2nd quarter. Russell Investments Group Ltd. now owns 45,086 shares of the asset manager’s stock valued at $851,000 after acquiring an additional 13,636 shares in the last quarter. Bank of New York Mellon Corp boosted its position in Waddell & Reed Financial by 1.5% during the 2nd quarter. Bank of New York Mellon Corp now owns 1,555,870 shares of the asset manager’s stock valued at $29,376,000 after acquiring an additional 23,436 shares in the last quarter. Legal & General Group Plc boosted its position in Waddell & Reed Financial by 102.5% during the 2nd quarter. Legal & General Group Plc now owns 222,784 shares of the asset manager’s stock valued at $4,207,000 after acquiring an additional 112,791 shares in the last quarter. Victory Capital Management Inc. boosted its position in Waddell & Reed Financial by 8.1% during the 2nd quarter. Victory Capital Management Inc. now owns 23,384 shares of the asset manager’s stock valued at $441,000 after acquiring an additional 1,747 shares in the last quarter. Finally, American Century Companies Inc. bought a new stake in Waddell & Reed Financial during the 2nd quarter valued at $567,000. 97.43% of the stock is currently owned by institutional investors.

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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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