Waddell & Reed Financial (NYSE:WDR) received a $18.00 price target from stock analysts at Bank of America in a report issued on Tuesday, TipRanks reports. The firm currently has a “sell” rating on the asset manager’s stock. Bank of America‘s price target would indicate a potential downside of 0.11% from the stock’s current price.

Several other research analysts also recently commented on WDR. Zacks Investment Research raised Waddell & Reed Financial from a “sell” rating to a “hold” rating in a research note on Tuesday. ValuEngine raised Waddell & Reed Financial from a “sell” rating to a “hold” rating in a research note on Friday, February 8th. Morgan Stanley set a $14.00 price objective on Waddell & Reed Financial and gave the company a “sell” rating in a research note on Friday, February 8th. Finally, Citigroup downgraded Waddell & Reed Financial from a “neutral” rating to a “sell” rating in a research note on Monday, January 14th. Five analysts have rated the stock with a sell rating and three have given a hold rating to the company’s stock. Waddell & Reed Financial has an average rating of “Sell” and an average price target of $19.00.

Shares of NYSE WDR opened at $18.02 on Tuesday. The company has a debt-to-equity ratio of 0.11, a current ratio of 3.27 and a quick ratio of 1.44. The stock has a market cap of $1.33 billion, a price-to-earnings ratio of 7.90, a price-to-earnings-growth ratio of 2.31 and a beta of 1.43. Waddell & Reed Financial has a 12 month low of $16.01 and a 12 month high of $21.83.

Waddell & Reed Financial (NYSE:WDR) last issued its earnings results on Tuesday, February 5th. The asset manager reported $0.60 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.49 by $0.11. The firm had revenue of $272.20 million during the quarter, compared to the consensus estimate of $273.78 million. Waddell & Reed Financial had a return on equity of 20.81% and a net margin of 15.82%. The business’s quarterly revenue was down 7.6% on a year-over-year basis. During the same quarter in the previous year, the firm earned $0.36 earnings per share. On average, sell-side analysts predict that Waddell & Reed Financial will post 1.38 earnings per share for the current year.

In other news, Director Dennis E. Logue sold 5,000 shares of the company’s stock in a transaction that occurred on Friday, March 22nd. The stock was sold at an average price of $16.72, for a total value of $83,600.00. Following the completion of the transaction, the director now owns 69,452 shares of the company’s stock, valued at $1,161,237.44. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Corporate insiders own 2.13% of the company’s stock.

Several institutional investors have recently added to or reduced their stakes in the company. Captrust Financial Advisors increased its stake in shares of Waddell & Reed Financial by 181.9% in the fourth quarter. Captrust Financial Advisors now owns 1,452 shares of the asset manager’s stock valued at $26,000 after buying an additional 937 shares during the period. Hsbc Holdings PLC boosted its holdings in Waddell & Reed Financial by 8.7% in the fourth quarter. Hsbc Holdings PLC now owns 12,236 shares of the asset manager’s stock valued at $221,000 after acquiring an additional 981 shares during the last quarter. Zurcher Kantonalbank Zurich Cantonalbank boosted its holdings in Waddell & Reed Financial by 17.7% in the fourth quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 6,744 shares of the asset manager’s stock valued at $122,000 after acquiring an additional 1,012 shares during the last quarter. Texas Permanent School Fund boosted its holdings in Waddell & Reed Financial by 2.1% in the fourth quarter. Texas Permanent School Fund now owns 51,251 shares of the asset manager’s stock valued at $927,000 after acquiring an additional 1,066 shares during the last quarter. Finally, Thrivent Financial for Lutherans boosted its holdings in Waddell & Reed Financial by 2.2% in the fourth quarter. Thrivent Financial for Lutherans now owns 55,319 shares of the asset manager’s stock valued at $1,000,000 after acquiring an additional 1,216 shares during the last quarter. 98.19% of the stock is owned by institutional investors.

About Waddell & Reed Financial

Waddell & Reed Financial, Inc, through its subsidiaries, provides investment management and advisory, investment product underwriting and distribution, and shareholder services administration to mutual funds, and institutional and separately managed accounts in the United States. The company acts as an investment adviser for institutional and other private investors, and provides sub advisory services to other investment companies; and underwrites and distributes registered open-end mutual fund portfolios.

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

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