Waddell & Reed Financial (WDR) Earns Daily Coverage Optimism Rating of 0.15
Media stories about Waddell & Reed Financial (NYSE:WDR) have trended somewhat positive this week, according to Accern. The research group identifies positive and negative media coverage by monitoring more than 20 million news and blog sources in real time. Accern ranks coverage of companies on a scale of negative one to one, with scores closest to one being the most favorable. Waddell & Reed Financial earned a daily sentiment score of 0.15 on Accern’s scale. Accern also gave news stories about the asset manager an impact score of 45.6090308365124 out of 100, indicating that recent media coverage is somewhat unlikely to have an effect on the company’s share price in the near term.
These are some of the media headlines that may have effected Accern Sentiment’s scoring:
- Waddell & Reed Financial, Inc. (NYSE:WDR) Price Target Cut to $18.00 (americanbankingnews.com)
- Validea Benjamin Graham Strategy Daily Upgrade Report – 8/11/2017 – Nasdaq (nasdaq.com)
- Where Does Waddell & Reed Financial, Inc. (WDR) Stock Go From Here? – AllStockNews (allstocknews.com)
- Waddell & Reed Financial, Inc. (WDR) Position Up in Latest Report from Dimensional Fund Advisors Lp Last Quarter – First News 24 (firstnewspaper24.com)
- Waddell & Reed Financial, Inc. (WDR) Receives Average Recommendation of “Hold” from Brokerages (americanbankingnews.com)
Shares of Waddell & Reed Financial (NYSE WDR) traded down 0.16% on Friday, reaching $18.73. 882,536 shares of the company were exchanged. Waddell & Reed Financial has a 52 week low of $15.02 and a 52 week high of $22.45. The firm’s 50 day moving average price is $19.87 and its 200 day moving average price is $18.23. The stock has a market capitalization of $1.57 billion, a price-to-earnings ratio of 11.77 and a beta of 2.04.
Waddell & Reed Financial (NYSE:WDR) last posted its quarterly earnings data on Tuesday, August 1st. The asset manager reported $0.39 EPS for the quarter, topping the consensus estimate of $0.37 by $0.02. The firm had revenue of $286.70 million during the quarter, compared to analyst estimates of $285.25 million. Waddell & Reed Financial had a net margin of 11.34% and a return on equity of 18.75%. Waddell & Reed Financial’s revenue was down 10.2% on a year-over-year basis. During the same quarter in the previous year, the business posted $0.59 EPS. Equities research analysts anticipate that Waddell & Reed Financial will post $1.45 EPS for the current year.
The business also recently announced a quarterly dividend, which was paid on Tuesday, August 1st. Shareholders of record on Tuesday, July 11th were given a dividend of $0.46 per share. This represents a $1.84 annualized dividend and a yield of 9.82%. The ex-dividend date of this dividend was Friday, July 7th. Waddell & Reed Financial’s dividend payout ratio is presently 115.72%.
A number of equities research analysts have recently commented on the stock. Keefe, Bruyette & Woods reiterated a “hold” rating and set a $20.00 price target on shares of Waddell & Reed Financial in a report on Thursday, August 3rd. Jefferies Group LLC reiterated a “hold” rating and set a $19.00 price target (down previously from $20.00) on shares of Waddell & Reed Financial in a report on Wednesday, August 2nd. BidaskClub cut shares of Waddell & Reed Financial from a “buy” rating to a “hold” rating in a report on Friday. Credit Suisse Group cut their price target on shares of Waddell & Reed Financial from $19.00 to $18.00 and set an “underperform” rating on the stock in a report on Friday. Finally, Royal Bank Of Canada set a $18.00 price target on shares of Waddell & Reed Financial and gave the company a “sell” rating in a report on Wednesday, August 2nd. Five investment analysts have rated the stock with a sell rating, four have assigned a hold rating and one has given a buy rating to the stock. Waddell & Reed Financial has a consensus rating of “Hold” and an average target price of $18.06.
In other Waddell & Reed Financial news, Director Alan W. Kosloff sold 25,076 shares of the business’s stock in a transaction that occurred on Thursday, August 3rd. The shares were sold at an average price of $19.40, for a total transaction of $486,474.40. Following the sale, the director now owns 71,873 shares of the company’s stock, valued at approximately $1,394,336.20. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, VP Benjamin R. Clouse sold 5,903 shares of the business’s stock in a transaction that occurred on Monday, August 7th. The stock was sold at an average price of $20.01, for a total transaction of $118,119.03. Following the sale, the vice president now directly owns 25,845 shares in the company, valued at approximately $517,158.45. The disclosure for this sale can be found here. 3.80% of the stock is currently owned by insiders.
Waddell & Reed Financial Company Profile
Waddell & Reed Financial, Inc, incorporated on December 24, 1981, is a holding company. The Company 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 (the Advisors Funds), Ivy Funds, Ivy Funds Variable Insurance Portfolios (Ivy Funds VIP), InvestEd Portfolios and 529 college savings plan (collectively, the Funds), and the Ivy Global Investors Fund SICAV (the SICAV) and its Ivy Global Investors sub-funds (the IGI Funds), and institutional and separately managed accounts.
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