Shares of Waddell & Reed Financial Inc. (NYSE:WDR) reached a new 52-week low during trading on Wednesday . The company traded as low as $15.98 and last traded at $16.63, with a volume of 1,108,445 shares traded. The stock had previously closed at $16.51.

A number of analysts have recently commented on WDR shares. Sandler O’Neill dropped their price objective on Waddell & Reed Financial from $24.00 to $23.00 in a research note on Tuesday, April 12th. Zacks Investment Research upgraded Waddell & Reed Financial from a “sell” rating to a “hold” rating in a report on Tuesday, April 5th. Piper Jaffray Cos. restated a “neutral” rating and issued a $25.00 target price (down from $28.00) on shares of Waddell & Reed Financial in a report on Thursday, April 28th. Royal Bank Of Canada restated an “outperform” rating and issued a $29.00 target price (down from $32.00) on shares of Waddell & Reed Financial in a report on Wednesday, April 27th. Finally, Morgan Stanley restated a “sell” rating on shares of Waddell & Reed Financial in a report on Wednesday, April 27th. Four analysts have rated the stock with a sell rating, six have issued a hold rating and one has given a buy rating to the company. The company has a consensus rating of “Hold” and a consensus price target of $26.20.

The stock’s 50 day moving average price is $19.14 and its 200-day moving average price is $22.53. The stock has a market capitalization of $1.30 billion and a PE ratio of 6.16.

Waddell & Reed Financial (NYSE:WDR) last posted its quarterly earnings data on Tuesday, April 26th. The company reported $0.45 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.56 by $0.11. The business earned $385.46 million during the quarter, compared to analysts’ expectations of $332.27 million. During the same quarter last year, the company posted $0.80 earnings per share. The business’s quarterly revenue was down 16.0% on a year-over-year basis. Equities analysts forecast that Waddell & Reed Financial Inc. will post $1.94 EPS for the current year.

The company also recently disclosed a quarterly dividend, which will be paid on Monday, August 1st. Shareholders of record on Monday, July 11th will be issued a dividend of $0.46 per share. This represents a $1.84 annualized dividend and a yield of 11.52%. The ex-dividend date is Thursday, July 7th.

A number of hedge funds and institutional investors have recently bought and sold shares of the company. Herndon Capital Management LLC increased its position in Waddell & Reed Financial by 36.6% in the fourth quarter. Herndon Capital Management LLC now owns 4,015,547 shares of the company’s stock valued at $115,086,000 after buying an additional 1,076,431 shares in the last quarter. Victory Capital Management Inc. increased its position in Waddell & Reed Financial by 8.4% in the fourth quarter. Victory Capital Management Inc. now owns 1,208,590 shares of the company’s stock valued at $34,638,000 after buying an additional 93,609 shares in the last quarter. Morgan Stanley increased its position in Waddell & Reed Financial by 145.3% in the fourth quarter. Morgan Stanley now owns 814,126 shares of the company’s stock valued at $23,332,000 after buying an additional 482,211 shares in the last quarter. Hodges Capital Management Inc. increased its position in Waddell & Reed Financial by 42.3% in the fourth quarter. Hodges Capital Management Inc. now owns 641,731 shares of the company’s stock valued at $18,392,000 after buying an additional 190,761 shares in the last quarter. Finally, First Trust Advisors LP increased its position in Waddell & Reed Financial by 46.3% in the fourth quarter. First Trust Advisors LP now owns 575,803 shares of the company’s stock valued at $16,503,000 after buying an additional 182,148 shares in the last quarter.

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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