Waddell & Reed Financial Inc. (NYSE:WDR) had its price target increased by Jefferies Group from $18.00 to $19.00 in a report published on Tuesday. The firm currently has a hold rating on the stock.

A number of other research analysts have also weighed in on WDR. Zacks Investment Research upgraded shares of Waddell & Reed Financial from a sell rating to a hold rating in a research note on Monday, August 1st. Morgan Stanley reiterated a sell rating and issued a $17.00 price objective on shares of Waddell & Reed Financial in a research note 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 research note 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 research note 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 research note on Wednesday, July 27th. Three research analysts have rated the stock with a sell rating, seven have given a hold rating and two have issued a buy rating to the company’s stock. The stock has a consensus rating of Hold and an average target price of $23.82.

Waddell & Reed Financial (NYSE:WDR) opened at 17.57 on Tuesday. The company has a market capitalization of $1.46 billion, a PE ratio of 8.01 and a beta of 1.78. The stock has a 50 day moving average price of $18.13 and a 200-day moving average price of $19.36. Waddell & Reed Financial has a 52 week low of $15.70 and a 52 week high of $38.85.

Waddell & Reed Financial (NYSE:WDR) last posted its quarterly earnings results on Tuesday, July 26th. The company reported $0.59 EPS for the quarter, topping analysts’ consensus estimates of $0.48 by $0.11. The company 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%. Waddell & Reed Financial’s revenue was down 19.0% on a year-over-year basis. During the same quarter in the previous year, the firm posted $0.80 EPS. On average, equities analysts predict that Waddell & Reed Financial will post $1.86 earnings per share for the current fiscal year.

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

A number of hedge funds have recently bought and sold shares of the company. State Treasurer State of Michigan increased its stake in Waddell & Reed Financial by 0.3% in the second quarter. State Treasurer State of Michigan now owns 32,700 shares of the company’s stock valued at $563,000 after buying an additional 100 shares in the last quarter. Mutual of America Capital Management LLC increased its position in shares of Waddell & Reed Financial by 0.6% in the second quarter. Mutual of America Capital Management LLC now owns 58,787 shares of the company’s stock valued at $1,012,000 after buying an additional 373 shares during the period. Aperio Group LLC increased its position 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 during the period. Oregon Public Employees Retirement Fund increased its position in shares of Waddell & Reed Financial by 2.0% in the third quarter. Oregon Public Employees Retirement Fund now owns 28,534 shares of the company’s stock valued at $518,000 after buying an additional 562 shares during the period. Finally, UBS Asset Management Americas Inc. increased its position in shares of Waddell & Reed Financial by 0.7% in the second quarter. UBS Asset Management Americas Inc. now owns 85,056 shares of the company’s stock valued at $1,465,000 after buying an additional 595 shares during the period. 83.13% of the stock is owned by institutional investors and hedge funds.

Waddell & Reed Financial Company Profile

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.

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