Waddell & Reed Financial Inc. (NYSE:WDR) shares were down 2.1% during trading on Tuesday . The company traded as low as $18.13 and last traded at $18.25, with a volume of 1,638,850 shares. The stock had previously closed at $18.65.

A number of research analysts have commented on WDR shares. Royal Bank Of Canada reaffirmed an “outperform” rating and set a $29.00 target price (down previously from $32.00) on shares of Waddell & Reed Financial in a report on Wednesday, April 27th. Zacks Investment Research raised Waddell & Reed Financial from a “sell” rating to a “hold” rating in a report on Monday, June 6th. Jefferies Group reaffirmed a “hold” rating and set a $18.00 target price (down previously from $23.00) on shares of Waddell & Reed Financial in a report on Monday, July 11th. Morgan Stanley reaffirmed a “sell” rating on shares of Waddell & Reed Financial in a report on Wednesday, April 27th. Finally, Sandler O’Neill reduced their target price on Waddell & Reed Financial from $24.00 to $23.00 in a report on Tuesday, April 12th. Four analysts have rated the stock with a sell rating, six have assigned a hold rating and one has given a buy rating to the stock. The stock has an average rating of “Hold” and a consensus target price of $25.50.

The company’s 50 day moving average is $18.16 and its 200-day moving average is $21.58. The firm has a market cap of $1.50 billion and a PE ratio of 7.09.

Waddell & Reed Financial (NYSE:WDR) last posted its quarterly earnings data on Tuesday, July 26th. The company reported $0.59 EPS for the quarter, topping analysts’ consensus estimates of $0.48 by $0.11. During the same quarter in the previous year, the firm posted $0.80 earnings per share. The business earned $319.20 million during the quarter, compared to the consensus estimate of $312.82 million. The company’s revenue for the quarter was down 19.0% on a year-over-year basis. On average, equities analysts anticipate that Waddell & Reed Financial Inc. will post $1.91 earnings per share for the current year.

The company also recently announced a quarterly dividend, which will be paid on Monday, August 1st. Investors of record on Monday, July 11th will be given a dividend of $0.46 per share. This represents a $1.84 dividend on an annualized basis and a yield of 10.02%. The ex-dividend date of this dividend is Thursday, July 7th.

A number of large investors have recently added to or reduced their stakes in WDR. TrimTabs Asset Management LLC purchased a new stake in Waddell & Reed Financial during the fourth quarter worth $1,794,000. Dimensional Fund Advisors LP increased its stake in Waddell & Reed Financial by 10.2% in the fourth quarter. Dimensional Fund Advisors LP now owns 568,871 shares of the company’s stock worth $16,304,000 after buying an additional 52,610 shares during the period. Matarin Capital Management LLC purchased a new stake in Waddell & Reed Financial during the fourth quarter worth $4,302,000. Dean Investment Associates LLC increased its stake in Waddell & Reed Financial by 147.5% in the fourth quarter. Dean Investment Associates LLC now owns 162,655 shares of the company’s stock worth $4,662,000 after buying an additional 96,935 shares during the period. Finally, Trexquant Investment LP increased its stake in Waddell & Reed Financial by 309.1% in the fourth quarter. Trexquant Investment LP now owns 92,459 shares of the company’s stock worth $2,650,000 after buying an additional 69,859 shares during the period.

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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