Waddell & Reed Financial Announces Quarterly Dividend of $0.28 (WDR)
Waddell & Reed Financial (NYSE:WDR) declared a quarterly dividend on Wednesday, March 20th. Stockholders of record on Wednesday, April 10th will be given a dividend of $0.28 per share on Wednesday, May 1st. This represents a $1.12 dividend on an annualized basis and a yield of 2.63%.
WDR has been the subject of a number of recent research reports. Analysts at Citigroup reiterated a “neutral” rating on shares of Waddell & Reed Financial in a research note to investors on Wednesday, January 30th. They now have a $39.00 price target on the stock, up previously from $35.00. On the ratings front, analysts at Barclays Capital raised their price target on shares of Waddell & Reed Financial from $37.00 to $40.00 in a research note to investors on Wednesday, January 30th. They now have an “overweight” rating on the stock. Finally, analysts at RBC Capital raised their price target on shares of Waddell & Reed Financial from $31.00 to $37.00 in a research note to investors on Wednesday, January 30th. They now have a “sector perform” rating on the stock.
Eight equities research analysts have rated the stock with a hold rating and two have issued a buy rating to the stock. Waddell & Reed Financial presently has a consensus rating of “Hold” and an average price target of $36.11.
Shares of Waddell & Reed Financial (NYSE: WDR) opened at 42.59 on Wednesday. Waddell & Reed Financial has a 52 week low of $26.55 and a 52 week high of $43.62. The stock’s 50-day moving average is currently $41.5. The company has a market cap of $3.645 billion and a P/E ratio of 24.19.
Waddell & Reed Financial (NYSE: WDR) last announced its earnings results on Tuesday, January 29th. The company reported $0.61 EPS for the quarter, beating the Thomson Reuters consensus estimate of $0.58 by $0.03. The company had revenue of $278.40 million for the quarter, compared to the consensus estimate of $301.02 million. During the same quarter in the prior year, the company posted $0.46 earnings per share. The company’s quarterly revenue was down 4.4% on a year-over-year basis. On average, analysts predict that Waddell & Reed Financial will post $2.55 earnings per share for the current fiscal year.
Waddell & Reed Financial, Inc. is engaged in providing investment management, investment product underwriting and distribution, and shareholder services administration to mutual funds and institutional and separately managed accounts.
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