Waddell & Reed Financial Inc. (NYSE:WDR)’s share price rose 5.3% during mid-day trading on Friday . The stock traded as high as $19.57 and last traded at $19.56, with a volume of 679,353 shares trading hands. The stock had previously closed at $18.58.

WDR has been the topic of several research analyst reports. Zacks Investment Research raised Waddell & Reed Financial from a “sell” rating to a “hold” rating in a research note on Monday, August 1st. Citigroup Inc. raised Waddell & Reed Financial from a “sell” rating to a “neutral” rating and set a $16.00 target price on the stock in a research note on Tuesday, July 12th. Jefferies Group reissued a “hold” rating and set a $18.00 target price (down from $23.00) on shares of Waddell & Reed Financial in a research note on Monday, July 11th. Royal Bank Of Canada reissued an “outperform” rating and set a $29.00 target price (down from $32.00) on shares of Waddell & Reed Financial in a research note on Wednesday, April 27th. Finally, Morgan Stanley reissued a “sell” rating on shares of Waddell & Reed Financial in a research note on Wednesday, April 27th. Three analysts have rated the stock with a sell rating, seven have assigned a hold rating and two have assigned a buy rating to the company. The company has a consensus rating of “Hold” and a consensus price target of $23.73.

The company has a 50 day moving average price of $17.89 and a 200-day moving average price of $21.31. The company has a market cap of $1.61 billion and a PE ratio of 8.88.

Waddell & Reed Financial (NYSE:WDR) last announced its earnings results on Tuesday, July 26th. The company reported $0.59 EPS for the quarter, topping the Zacks’ consensus estimate of $0.48 by $0.11. The company earned $319.20 million during the quarter, compared to analysts’ expectations of $312.82 million. During the same quarter last year, the firm posted $0.80 EPS. Waddell & Reed Financial’s revenue for the quarter was down 19.0% compared to the same quarter last year. Equities analysts anticipate that Waddell & Reed Financial Inc. will post $1.87 EPS for the current year.

The firm also recently declared a quarterly dividend, which was paid on Monday, August 1st. Investors of record on Monday, July 11th were paid a dividend of $0.46 per share. This represents a $1.84 dividend on an annualized basis and a dividend yield of 9.45%. The ex-dividend date was Thursday, July 7th.

Several large investors have modified their holdings of the company. Liberty Mutual Group Asset Management Inc. raised its stake in shares of Waddell & Reed Financial by 49.7% in the fourth quarter. Liberty Mutual Group Asset Management Inc. now owns 53,403 shares of the company’s stock worth $1,531,000 after buying an additional 17,723 shares in the last quarter. TrimTabs Asset Management LLC acquired a new stake in shares of Waddell & Reed Financial during the fourth quarter worth about $1,794,000. Trexquant Investment LP raised its stake in shares of 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 in the last quarter. Matarin Capital Management LLC acquired a new stake in shares of Waddell & Reed Financial during the fourth quarter worth about $4,302,000. Finally, Dean Investment Associates LLC raised its stake in shares of 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 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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