Analysts Set Waddell & Reed (WDR) PT at $21.14

Waddell & Reed (NYSE:WDR) has been assigned an average recommendation of “Hold” from the ten analysts that are presently covering the stock, Marketbeat.com reports. Five analysts have rated the stock with a sell recommendation, four have given a hold recommendation and one has given a buy recommendation to the company. The average twelve-month price target among brokers that have updated their coverage on the stock in the last year is $21.14.

WDR has been the subject of several research reports. Zacks Investment Research lowered Waddell & Reed from a “buy” rating to a “hold” rating and set a $24.00 target price for the company. in a research report on Saturday, January 6th. Royal Bank of Canada reissued a “sell” rating and issued a $20.00 target price on shares of Waddell & Reed in a research report on Wednesday, January 31st. Morgan Stanley increased their target price on Waddell & Reed from $20.00 to $21.00 and gave the stock an “underweight” rating in a research report on Tuesday, February 13th. Jefferies Group reissued a “hold” rating and issued a $23.00 target price on shares of Waddell & Reed in a research report on Thursday, January 11th. Finally, Bank of America set a $20.00 target price on Waddell & Reed and gave the stock a “sell” rating in a research report on Tuesday, January 30th.

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In related news, Director Jerry W. Walton sold 5,792 shares of the company’s stock in a transaction that occurred on Thursday, February 1st. The stock was sold at an average price of $22.95, for a total value of $132,926.40. Following the sale, the director now owns 81,332 shares in the company, valued at approximately $1,866,569.40. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Corporate insiders own 3.40% of the company’s stock.



Several institutional investors have recently bought and sold shares of WDR. Renaissance Technologies LLC grew its stake in shares of Waddell & Reed by 383.0% in the 4th quarter. Renaissance Technologies LLC now owns 822,500 shares of the asset manager’s stock worth $18,375,000 after buying an additional 652,200 shares during the last quarter. Chicago Equity Partners LLC grew its stake in shares of Waddell & Reed by 4,864.9% in the 4th quarter. Chicago Equity Partners LLC now owns 506,918 shares of the asset manager’s stock worth $11,325,000 after buying an additional 496,708 shares during the last quarter. Arrowstreet Capital Limited Partnership purchased a new stake in shares of Waddell & Reed in the 4th quarter worth approximately $7,059,000. Dimensional Fund Advisors LP grew its stake in shares of Waddell & Reed by 9.2% in the 3rd quarter. Dimensional Fund Advisors LP now owns 2,945,385 shares of the asset manager’s stock worth $59,113,000 after buying an additional 249,118 shares during the last quarter. Finally, TIAA CREF Investment Management LLC grew its stake in shares of Waddell & Reed by 67.8% in the 4th quarter. TIAA CREF Investment Management LLC now owns 426,338 shares of the asset manager’s stock worth $9,524,000 after buying an additional 172,332 shares during the last quarter. Institutional investors own 97.43% of the company’s stock.

Shares of NYSE:WDR traded down $0.06 during trading on Wednesday, hitting $20.26. The stock had a trading volume of 637,400 shares, compared to its average volume of 1,375,283. Waddell & Reed has a 12 month low of $16.32 and a 12 month high of $23.82. The firm has a market capitalization of $1,696.41, a P/E ratio of 10.55 and a beta of 1.95. The company has a debt-to-equity ratio of 0.11, a quick ratio of 1.16 and a current ratio of 3.09.

Waddell & Reed (NYSE:WDR) last announced its earnings results on Tuesday, January 30th. The asset manager reported $0.48 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.45 by $0.03. Waddell & Reed had a return on equity of 16.63% and a net margin of 10.72%. The firm had revenue of $294.48 million during the quarter, compared to analyst estimates of $286.55 million. During the same quarter in the prior year, the company earned $0.43 EPS. The business’s revenue was up .5% compared to the same quarter last year. equities analysts forecast that Waddell & Reed will post 2.18 EPS for the current fiscal year.

The business also recently declared a quarterly dividend, which will be paid on Tuesday, May 1st. Investors of record on Tuesday, April 10th will be paid a $0.25 dividend. The ex-dividend date of this dividend is Monday, April 9th. This represents a $1.00 annualized dividend and a dividend yield of 4.94%. Waddell & Reed’s payout ratio is currently 52.08%.

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About Waddell & Reed

Waddell & Reed Financial, Inc, through its subsidiaries, provides investment management and advisory, investment product underwriting and distribution, and shareholder services administration to mutual funds, and institutional and separately managed accounts in the United States. The company acts as an investment adviser for institutional and other private investors, and provides sub advisory services to other investment companies; and underwrites and distributes registered open-end mutual fund portfolios.

Analyst Recommendations for Waddell & Reed (NYSE:WDR)

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