Waddell & Reed Financial Inc. (NYSE:WDR) – Jefferies Group upped their Q3 2016 earnings per share estimates for shares of Waddell & Reed Financial in a research note issued to investors on Tuesday. Jefferies Group analyst D. Fannon now expects that the brokerage will earn $0.49 per share for the quarter, up from their prior estimate of $0.48. Jefferies Group has a “Hold” rating and a $19.00 price target on the stock. Jefferies Group also issued estimates for Waddell & Reed Financial’s Q4 2016 earnings at $0.50 EPS, FY2016 earnings at $2.02 EPS, Q2 2017 earnings at $0.46 EPS, Q3 2017 earnings at $0.48 EPS, Q4 2017 earnings at $0.49 EPS and FY2017 earnings at $1.88 EPS.

Several other equities analysts also recently commented on the stock. Zacks Investment Research upgraded shares of Waddell & Reed Financial from a “hold” rating to a “buy” rating and set a $20.00 price target on the stock in a research note on Thursday. Morgan Stanley restated a “sell” rating and issued a $17.00 price target on shares of Waddell & Reed Financial in a research note on Thursday, July 28th. RBC Capital Markets set a $26.00 price target on shares of Waddell & Reed Financial and gave the company a “buy” rating in a research note on Wednesday, July 27th. Citigroup Inc. upped their price target 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 decreased their price target on shares of Waddell & Reed Financial from $29.00 to $26.00 and set an “outperform” rating on the stock in a research note on Wednesday, July 27th. Three analysts have rated the stock with a sell rating, six have given a hold rating and three have issued a buy rating to the stock. Waddell & Reed Financial has a consensus rating of “Hold” and a consensus target price of $22.64.

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

Shares of Waddell & Reed Financial (NYSE:WDR) opened at 17.69 on Thursday. Waddell & Reed Financial has a 52-week low of $15.70 and a 52-week high of $38.85. The firm has a 50-day moving average of $18.08 and a 200 day moving average of $19.34. The firm has a market capitalization of $1.47 billion, a price-to-earnings ratio of 8.07 and a beta of 1.78.

Waddell & Reed Financial (NYSE:WDR) last posted its quarterly earnings results on Tuesday, July 26th. The company reported $0.59 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.48 by $0.11. The company had revenue of $319.20 million for the quarter, compared to analyst estimates 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 quarterly revenue was down 19.0% on a year-over-year basis. During the same period last year, the business posted $0.80 EPS.

Several hedge funds and other institutional investors have recently bought and sold shares of WDR. MSI Financial Services Inc boosted its position in Waddell & Reed Financial by 1.5% in the third quarter. MSI Financial Services Inc now owns 5,837 shares of the company’s stock worth $106,000 after buying an additional 89 shares during the period. Bellwether Investment Group LLC acquired a new position in shares of Waddell & Reed Financial during the second quarter worth about $115,000. Americafirst Capital Management LLC acquired a new position in shares of Waddell & Reed Financial during the second quarter worth about $168,000. Wrapmanager Inc. acquired a new position in shares of Waddell & Reed Financial during the second quarter worth about $180,000. Finally, CIBC World Markets Inc. acquired a new position in shares of Waddell & Reed Financial during the second quarter worth about $182,000. 83.13% of the stock is owned by hedge funds and other institutional investors.

The business also recently announced a quarterly dividend, which will be paid on Tuesday, November 1st. Stockholders of record on Tuesday, October 11th will be issued a $0.46 dividend. The ex-dividend date of this dividend is Thursday, October 6th. This represents a $1.84 dividend on an annualized basis and a dividend yield of 10.40%. Waddell & Reed Financial’s dividend payout ratio (DPR) is currently 83.64%.

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.

5 Day Chart for NYSE:WDR

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