Waddell & Reed Financial (WDR) Earning Favorable Media Coverage, Analysis Finds
Media stories about Waddell & Reed Financial (NYSE:WDR) have trended positive on Tuesday, according to Accern Sentiment. The research group ranks the sentiment of media coverage by analyzing more than twenty million blog and news sources in real-time. Accern ranks coverage of public companies on a scale of negative one to positive one, with scores closest to one being the most favorable. Waddell & Reed Financial earned a coverage optimism score of 0.31 on Accern’s scale. Accern also gave media stories about the asset manager an impact score of 0 out of 100, indicating that recent media coverage is extremely unlikely to have an impact on the stock’s share price in the next few days.
These are some of the news articles that may have effected Accern Sentiment’s analysis:
- Insider Selling: Waddell & Reed Financial, Inc. (NYSE:WDR) Director Sells 25,076 Shares of Stock (americanbankingnews.com)
- Waddell & Reed Financial, Inc. (NYSE:WDR) Experiences Lighter than Average Trading Volume – Modern Readers (modernreaders.com)
- FY2017 Earnings Estimate for Waddell & Reed Financial, Inc. Issued By William Blair (WDR) (americanbankingnews.com)
- Hudson’s Bay Company (TSX:HBC), Waddell & Reed Financial, Inc. (NYSE:WDR): How Do These Stocks Score in … – Evergreen Caller (evergreencaller.com)
- Waddell & Reed Financial Inc (WDR) Needle Moving 0.10% – Stock Press Daily (stockpressdaily.com)
WDR has been the topic of several research reports. Zacks Investment Research raised shares of Waddell & Reed Financial from a “sell” rating to a “hold” rating in a research report on Monday, April 10th. Royal Bank Of Canada set a $18.00 price objective on shares of Waddell & Reed Financial and gave the stock a “sell” rating in a research report on Wednesday, August 2nd. Jefferies Group LLC reaffirmed a “hold” rating and issued a $18.00 price objective (down previously from $19.00) on shares of Waddell & Reed Financial in a research report on Wednesday, April 12th. Morgan Stanley reaffirmed an “underweight” rating and issued a $15.00 price objective (up previously from $14.00) on shares of Waddell & Reed Financial in a research report on Monday, July 10th. Finally, Keefe, Bruyette & Woods reaffirmed a “sell” rating and issued a $16.50 price objective on shares of Waddell & Reed Financial in a research report on Friday, June 9th. Five research analysts have rated the stock with a sell rating, three have given a hold rating and two have given a buy rating to the company’s stock. The company presently has a consensus rating of “Hold” and a consensus target price of $17.81.
Waddell & Reed Financial (NYSE:WDR) traded down 1.46% during mid-day trading on Tuesday, hitting $19.64. 872,957 shares of the stock traded hands. The company’s 50 day moving average price is $19.84 and its 200-day moving average price is $18.20. Waddell & Reed Financial has a 1-year low of $15.02 and a 1-year high of $22.45. The stock has a market cap of $1.64 billion, a price-to-earnings ratio of 12.34 and a beta of 2.04.
Waddell & Reed Financial (NYSE:WDR) last released its earnings results on Tuesday, August 1st. The asset manager reported $0.39 EPS for the quarter, topping analysts’ consensus estimates of $0.37 by $0.02. Waddell & Reed Financial had a net margin of 11.34% and a return on equity of 18.74%. The company had revenue of $286.70 million for the quarter, compared to analysts’ expectations of $285.25 million. During the same quarter last year, the business earned $0.59 EPS. The firm’s revenue was down 10.2% compared to the same quarter last year. Analysts predict that Waddell & Reed Financial will post $1.47 earnings per share for the current year.
The company also recently announced a quarterly dividend, which was paid on Tuesday, August 1st. Shareholders of record on Tuesday, July 11th were paid a dividend of $0.46 per share. This represents a $1.84 dividend on an annualized basis and a yield of 9.37%. The ex-dividend date of this dividend was Friday, July 7th. Waddell & Reed Financial’s payout ratio is 115.72%.
In other Waddell & Reed Financial news, Director Alan W. Kosloff sold 25,076 shares of the firm’s stock in a transaction that occurred on Thursday, August 3rd. The shares were sold at an average price of $19.40, for a total transaction of $486,474.40. Following the sale, the director now owns 71,873 shares in the company, valued at approximately $1,394,336.20. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. 3.80% of the stock is currently owned by company insiders.
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Waddell & Reed Financial Company Profile
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.
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