Waddell & Reed Financial, Inc. (NYSE:WDR) – Stock analysts at Jefferies Financial Group increased their FY2018 earnings per share estimates for Waddell & Reed Financial in a research report issued to clients and investors on Wednesday, October 10th. Jefferies Financial Group analyst D. Fannon now expects that the asset manager will post earnings per share of $2.25 for the year, up from their prior forecast of $2.16. Jefferies Financial Group also issued estimates for Waddell & Reed Financial’s FY2019 earnings at $2.15 EPS.

WDR has been the subject of a number of other research reports. Zacks Investment Research upgraded shares of Waddell & Reed Financial from a “sell” rating to a “hold” rating in a research report on Wednesday, June 20th. ValuEngine upgraded shares of Waddell & Reed Financial from a “strong sell” rating to a “sell” rating in a research report on Wednesday, August 8th. Finally, Keefe, Bruyette & Woods restated a “hold” rating and set a $23.00 target price on shares of Waddell & Reed Financial in a research report on Wednesday, August 1st. Five equities research analysts have rated the stock with a sell rating, three have given a hold rating and one has given a buy rating to the stock. The stock currently has an average rating of “Hold” and a consensus target price of $20.63.

Shares of WDR opened at $20.60 on Monday. The company has a quick ratio of 1.75, a current ratio of 3.99 and a debt-to-equity ratio of 0.11. The stock has a market cap of $1.69 billion, a price-to-earnings ratio of 10.73, a price-to-earnings-growth ratio of 1.28 and a beta of 1.84. Waddell & Reed Financial has a 12-month low of $17.53 and a 12-month high of $23.82.

Waddell & Reed Financial (NYSE:WDR) last announced its earnings results on Tuesday, July 31st. The asset manager reported $0.55 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.48 by $0.07. The company had revenue of $295.34 million during the quarter, compared to analysts’ expectations of $288.92 million. Waddell & Reed Financial had a net margin of 13.47% and a return on equity of 19.29%. The firm’s quarterly revenue was up 3.0% compared to the same quarter last year. During the same quarter in the previous year, the business posted $0.29 earnings per share.

The firm also recently announced a quarterly dividend, which will be paid on Thursday, November 1st. Shareholders of record on Thursday, October 11th will be given a dividend of $0.25 per share. This represents a $1.00 dividend on an annualized basis and a yield of 4.85%. The ex-dividend date of this dividend is Wednesday, October 10th. Waddell & Reed Financial’s payout ratio is currently 52.08%.

In other Waddell & Reed Financial news, Director Alan W. Kosloff sold 19,614 shares of Waddell & Reed Financial stock in a transaction dated Wednesday, September 12th. The shares were sold at an average price of $20.42, for a total transaction of $400,517.88. Following the completion of the transaction, the director now owns 22,184 shares in the company, valued at $452,997.28. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Insiders own 3.40% of the company’s stock.

Hedge funds and other institutional investors have recently modified their holdings of the company. Laurion Capital Management LP purchased a new stake in shares of Waddell & Reed Financial during the second quarter worth about $191,000. First Trust Advisors LP grew its holdings in shares of Waddell & Reed Financial by 4.4% during the second quarter. First Trust Advisors LP now owns 327,347 shares of the asset manager’s stock worth $5,882,000 after buying an additional 13,659 shares in the last quarter. Wells Fargo & Company MN grew its holdings in shares of Waddell & Reed Financial by 7.6% during the first quarter. Wells Fargo & Company MN now owns 191,842 shares of the asset manager’s stock worth $3,877,000 after buying an additional 13,606 shares in the last quarter. Cambria Investment Management L.P. purchased a new stake in shares of Waddell & Reed Financial during the second quarter worth about $1,458,000. Finally, Systematic Financial Management LP grew its holdings in shares of Waddell & Reed Financial by 2.5% during the second quarter. Systematic Financial Management LP now owns 304,848 shares of the asset manager’s stock worth $5,478,000 after buying an additional 7,313 shares in the last quarter. Institutional investors and hedge funds own 98.16% of the company’s stock.

Waddell & Reed Financial Company Profile

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

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