Waddell & Reed Financial, Inc. (WDR) Receives $18.21 Consensus Price Target from Brokerages

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30 May, 2017

Waddell & Reed Financial earned a media sentiment score of 0.19 on AlphaOne's scale. The institutional investor owned 111,239 shares of the asset manager's stock after buying an additional 12,541 shares during the period. Russell Investments Group Ltd. bought a new position in shares of Waddell & Reed Financial during the fourth quarter worth $563,000.

Large investors have recently modified their holdings of the stock. Envestnet Asset Management Inc. raised its stake in Waddell & Reed Financial by 31.1% in the fourth quarter. Barrow Hanley Mewhinney & Strauss LLC now owns 89,724 shares of the asset manager's stock worth $1,751,000 after buying an additional 31,671 shares in the last quarter.

News stories about Waddell & Reed Financial (NYSE:WDR) have trended positive this week, AlphaOne reports. FMR LLC now owns 2,899,094 shares of the asset manager's stock valued at $56,561,000 after buying an additional 1,714,078 shares during the last quarter.

When investors engage in short selling or "shorting a stock", they actually borrow shares from an existing owner, sell the borrowed shares at market price, and take the cash.

Shares of Waddell & Reed Financial, Inc.

Waddell & Reed Financial (NYSE:WDR) traded up 0.88% during mid-day trading on Friday, hitting $17.17. Volume on the day was 738.39 thousand shares. The stock's market capitalization is 1.40B, it has a 52-week low of 15.02 and a 52-week high of 22.45. However the price at the close of last session was -1.93% lower than its 50-day moving average and -7.95% under its 200-day moving average. Waddell & Reed Financial has a 12-month low of $15.02 and a 12-month high of $22.45.

Intrepid Potash, Inc. (NYSE:IPI), maintained return on investment for the last twelve months at -11.26, higher than what Reuters data shows regarding industry's average. For the outlook of the current financial quarter, Analysts think the firm will post 0.39 earnings per share. The firm had revenue of $286.54 million for the quarter, compared to the consensus estimate of $286.53 million. Waddell & Reed Financial posted sales of $319.21 million during the same quarter last year, which would indicate a negative year-over-year growth rate of 10.8%. During the same period past year, the firm earned $0.45 EPS.

The business also recently announced a quarterly dividend, which was paid on Monday, May 1st. Investors of record on Monday, April 10th were paid a $0.46 dividend. The ex-dividend date of this dividend was Thursday, April 6th. This represents a $1.84 dividend on an annualized basis and a yield of 11.00%. Waddell & Reed Financial's dividend payout ratio (DPR) is presently 103.37%.

10/19/2015 - Waddell & Reed Financial, Inc. was downgraded to " by analysts at William Blair. "(WDR) Stake Boosted by Clinton Group Inc." was originally posted by The Cerbat Gem and is the property of of The Cerbat Gem. If you are accessing this report on another domain, it was stolen and reposted in violation of USA and worldwide copyright and trademark laws. The legal version of this report can be read at https://www.thecerbatgem.com/2017/05/26/waddell-reed-financial-inc-wdr-stake-boosted-by-clinton-group-inc.html.

A number of equities analysts have recently issued reports on WDR shares. Credit Suisse Group AG reaffirmed an "underperform" rating and set a $16.00 price objective on shares of Waddell & Reed Financial in a research report on Sunday, February 5th. Evercore ISI cut shares of Waddell & Reed Financial from a "hold" rating to an "underperform" rating and set a $18.00 price target for the company.in a research report on Friday, March 3rd.

Heading into the stock price potential, Waddell & Reed Financial, Inc.by far traveled -2.87% after crossing its median price target of $16.25. According to Thomson Reuters, sell-side analysts are predicting a consensus target price of $19.89 on company stock.

03/24/2015 - Waddell & Reed Financial, Inc. was upgraded to " by analysts at Zacks. BlackRock Inc. increased its position in shares of Waddell & Reed Financial by 23,010.1% in the first quarter.


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