Waddell & Reed Financial Inc. (NYSE:WDR) – Equities research analysts at Jefferies Group issued their Q1 2017 EPS estimates for shares of Waddell & Reed Financial in a note issued to investors on Tuesday. Jefferies Group analyst D. Fannon forecasts that the brokerage will earn $0.44 per share for the quarter. Jefferies Group has a “Hold” rating and a $19.00 price objective on the stock.

Waddell & Reed Financial (NYSE:WDR) last released its quarterly earnings results on Tuesday, July 26th. The company reported $0.59 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.48 by $0.11. The firm had revenue of $319.20 million for the quarter, compared to analysts’ expectations of $312.82 million. Waddell & Reed Financial had a net margin of 13.16% and a return on equity of 26.65%. The business’s revenue was down 19.0% on a year-over-year basis. During the same period in the prior year, the firm earned $0.80 EPS.

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

A number of other research analysts have also recently issued reports on the stock. Zacks Investment Research upgraded shares of Waddell & Reed Financial from a “sell” rating to a “hold” rating in a report on Monday, August 1st. Morgan Stanley reiterated a “sell” rating and set a $17.00 price objective on shares of Waddell & Reed Financial in a report on Thursday, July 28th. RBC Capital Markets set a $26.00 price objective on shares of Waddell & Reed Financial and gave the company a “buy” rating in a report on Wednesday, July 27th. Citigroup Inc. lifted their price objective on shares of Waddell & Reed Financial from $16.00 to $17.00 and gave the company a “neutral” rating in a report on Wednesday, July 27th. Finally, Royal Bank Of Canada reduced their price objective on shares of Waddell & Reed Financial from $29.00 to $26.00 and set an “outperform” rating for the company in a report on Wednesday, July 27th. Three analysts have rated the stock with a sell rating, seven have given a hold rating and two have given a buy rating to the stock. The stock presently has a consensus rating of “Hold” and a consensus price target of $23.82.

Waddell & Reed Financial (NYSE:WDR) traded up 1.71% on Wednesday, reaching $17.87. 311,947 shares of the company’s stock traded hands. The company’s 50 day moving average is $18.13 and its 200-day moving average is $19.36. The stock has a market cap of $1.48 billion, a price-to-earnings ratio of 8.15 and a beta of 1.78. Waddell & Reed Financial has a 52-week low of $15.70 and a 52-week high of $38.85.

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, November 1st. Shareholders of record on Tuesday, October 11th will be given a $0.46 dividend. This represents a $1.84 annualized dividend and a yield of 10.47%. The ex-dividend date is Thursday, October 6th. Waddell & Reed Financial’s dividend payout ratio is 83.64%.

Hedge funds have recently made changes to their positions in the company. Aperio Group LLC raised its stake in shares of Waddell & Reed Financial by 0.6% in the first quarter. Aperio Group LLC now owns 75,291 shares of the company’s stock valued at $1,772,000 after buying an additional 431 shares in the last quarter. Franklin Resources Inc. bought a new stake in shares of Waddell & Reed Financial during the first quarter valued at approximately $359,000. BlackRock Inc. raised its stake in shares of Waddell & Reed Financial by 88.2% in the first quarter. BlackRock Inc. now owns 66,841 shares of the company’s stock valued at $1,573,000 after buying an additional 31,321 shares in the last quarter. BlackRock Group LTD raised its stake in shares of Waddell & Reed Financial by 173.9% in the first quarter. BlackRock Group LTD now owns 186,692 shares of the company’s stock valued at $4,393,000 after buying an additional 118,521 shares in the last quarter. Finally, BlackRock Fund Advisors raised its stake in shares of Waddell & Reed Financial by 187.5% in the first quarter. BlackRock Fund Advisors now owns 8,746,488 shares of the company’s stock valued at $205,892,000 after buying an additional 5,704,745 shares in the last quarter. 83.13% of the stock is currently owned by institutional investors and hedge funds.

About Waddell & Reed Financial

Waddell & Reed Financial, Inc 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, Ivy Funds, Ivy Funds Variable Insurance Portfolios, InvestEd Portfolios and 529 college savings plan (collectively, the Funds), and the Ivy Global Investors Fund SICAV and its Ivy Global Investors sub-funds (the IGI Funds), and institutional and separately managed accounts.

5 Day Chart for NYSE:WDR

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