Waddell & Reed Financial, Inc. (NYSE:WDR) has been given a consensus recommendation of “Sell” by the nine ratings firms that are currently covering the firm, MarketBeat Ratings reports. Five equities research analysts have rated the stock with a sell rating and four have given a hold rating to the company. The average twelve-month target price among brokerages that have issued a report on the stock in the last year is $20.00.
Several equities analysts recently issued reports on WDR shares. Zacks Investment Research raised Waddell & Reed Financial from a “hold” rating to a “buy” rating and set a $24.00 target price on the stock in a research report on Monday, October 8th. ValuEngine raised Waddell & Reed Financial from a “strong sell” rating to a “sell” rating in a research report on Wednesday, August 8th. Royal Bank of Canada set a $17.00 target price on Waddell & Reed Financial and gave the company a “sell” rating in a research report on Wednesday, October 31st. Citigroup set a $20.00 target price on Waddell & Reed Financial and gave the company a “hold” rating in a research report on Wednesday, October 31st. Finally, Credit Suisse Group cut their target price on Waddell & Reed Financial from $20.00 to $18.00 and set an “underperform” rating on the stock in a research report on Wednesday, October 31st.
In other Waddell & Reed Financial news, Director Alan W. Kosloff sold 19,614 shares of the stock in a transaction dated Wednesday, September 12th. The stock was sold at an average price of $20.42, for a total transaction of $400,517.88. Following the sale, the director now directly owns 22,184 shares of the company’s stock, valued at approximately $452,997.28. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Jerry W. Walton sold 9,427 shares of the stock in a transaction dated Friday, November 16th. The stock was sold at an average price of $19.05, for a total value of $179,584.35. The disclosure for this sale can be found here. 3.40% of the stock is currently owned by company insiders.
NYSE WDR opened at $20.36 on Thursday. The company has a debt-to-equity ratio of 0.11, a quick ratio of 1.80 and a current ratio of 4.04. Waddell & Reed Financial has a 1 year low of $17.53 and a 1 year high of $23.82. The firm has a market capitalization of $1.59 billion, a P/E ratio of 9.34, a PEG ratio of 1.17 and a beta of 1.64.
Waddell & Reed Financial (NYSE:WDR) last released its earnings results on Tuesday, October 30th. The asset manager reported $0.58 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.56 by $0.02. Waddell & Reed Financial had a return on equity of 20.10% and a net margin of 14.11%. The firm had revenue of $295.10 million for the quarter, compared to the consensus estimate of $293.63 million. During the same period in the prior year, the firm earned $0.44 EPS. The firm’s revenue was up 2.0% on a year-over-year basis. On average, analysts expect that Waddell & Reed Financial will post 2.22 earnings per share for the current fiscal year.
About Waddell & Reed Financial
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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