Waddell & Reed Financial Inc. (WDR) to Post Q1 2017 Earnings of $0.44 Per Share, Jefferies Group Forecasts
Waddell & Reed Financial Inc. (NYSE:WDR) – Research analysts at Jefferies Group issued their Q1 2017 earnings estimates for Waddell & Reed Financial in a research report issued on Tuesday. Jefferies Group analyst D. Fannon expects that the brokerage will post earnings per share of $0.44 for the quarter. Jefferies Group currently has a “Hold” rating and a $19.00 target price on the stock.
WDR has been the subject of several other research reports. Zacks Investment Research lowered Waddell & Reed Financial from a “hold” rating to a “sell” rating in a research report on Friday, July 8th. Citigroup Inc. raised shares of Waddell & Reed Financial from a “sell” rating to a “neutral” rating and set a $16.00 price objective for the company in a research note on Tuesday, July 12th. Royal Bank Of Canada reduced their price objective on shares of Waddell & Reed Financial from $29.00 to $26.00 and set an “outperform” rating for the company in a research note on Wednesday, July 27th. RBC Capital Markets set a $26.00 price objective on shares of Waddell & Reed Financial and gave the stock a “buy” rating in a research note on Wednesday, July 27th. Finally, Morgan Stanley reaffirmed a “sell” rating and set a $17.00 price target on shares of Waddell & Reed Financial in a research report on Thursday, July 28th. Three investment analysts have rated the stock with a sell rating, six have issued a hold rating and three have issued a buy rating to the company. The company currently has a consensus rating of “Hold” and a consensus target price of $22.64.
Shares of Waddell & Reed Financial (NYSE:WDR) traded up 0.40% on Wednesday, hitting $17.76. The stock had a trading volume of 72,300 shares. Waddell & Reed Financial has a 52-week low of $15.70 and a 52-week high of $38.85. The company has a 50-day moving average of $18.08 and a 200-day moving average of $19.34. The company has a market cap of $1.47 billion, a P/E ratio of 8.10 and a beta of 1.78.
Waddell & Reed Financial (NYSE:WDR) last announced its earnings results on Tuesday, July 26th. The company reported $0.59 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.48 by $0.11. Waddell & Reed Financial had a return on equity of 26.65% and a net margin of 13.16%. The firm earned $319.20 million during the quarter, compared to analyst estimates of $312.82 million. During the same quarter in the prior year, the company earned $0.80 EPS. The business’s revenue was down 19.0% compared to the same quarter last year.
Several large investors have recently made changes to their positions in the stock. MSI Financial Services Inc raised its stake in shares of Waddell & Reed Financial by 1.5% in the third quarter. MSI Financial Services Inc now owns 5,837 shares of the company’s stock worth $106,000 after buying an additional 89 shares during the last quarter. Bellwether Investment Group LLC acquired a new position in Waddell & Reed Financial during the second quarter worth approximately $115,000. Americafirst Capital Management LLC acquired a new position in Waddell & Reed Financial during the second quarter worth approximately $168,000. Wrapmanager Inc. acquired a new position in Waddell & Reed Financial during the second quarter worth approximately $180,000. Finally, CIBC World Markets Inc. acquired a new position in Waddell & Reed Financial during the second quarter worth approximately $182,000. Institutional investors and hedge funds own 83.13% of the company’s stock.
The firm also recently declared a quarterly dividend, which will be paid on Tuesday, November 1st. Shareholders of record on Tuesday, October 11th will be given a $0.46 dividend. The ex-dividend date is Thursday, October 6th. This represents a $1.84 annualized dividend and a yield of 10.40%. Waddell & Reed Financial’s dividend payout ratio is presently 83.64%.
Waddell & Reed Financial Company Profile
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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