ValuEngine upgraded shares of Waddell & Reed (NYSE:WDR) from a sell rating to a hold rating in a report published on Thursday morning.
Other research analysts have also recently issued reports about the stock. Citigroup upgraded shares of Waddell & Reed from a sell rating to a neutral rating and set a $24.00 price target on the stock in a research report on Wednesday, January 31st. Morgan Stanley increased their price target on shares of Waddell & Reed from $20.00 to $21.00 and gave the company an underweight rating in a research report on Tuesday, February 13th. Bank of America set a $20.00 price target on shares of Waddell & Reed and gave the company a sell rating in a research report on Tuesday, January 30th. Zacks Investment Research cut shares of Waddell & Reed from a strong-buy rating to a hold rating in a research report on Friday, April 13th. Finally, Royal Bank of Canada reiterated a sell rating and set a $20.00 price target on shares of Waddell & Reed in a research report on Wednesday, January 31st. Five equities research analysts have rated the stock with a sell rating and five have given a hold rating to the company’s stock. The stock currently has a consensus rating of Hold and an average target price of $20.75.
Shares of NYSE WDR opened at $19.67 on Thursday. Waddell & Reed has a one year low of $16.36 and a one year high of $23.82. The company has a current ratio of 4.27, a quick ratio of 1.59 and a debt-to-equity ratio of 0.11. The company has a market cap of $1.60 billion, a price-to-earnings ratio of 10.24 and a beta of 1.95.
Waddell & Reed (NYSE:WDR) last issued its quarterly earnings results on Tuesday, May 1st. The asset manager reported $0.56 EPS for the quarter, beating analysts’ consensus estimates of $0.54 by $0.02. Waddell & Reed had a net margin of 11.76% and a return on equity of 17.97%. The business had revenue of $297.60 million for the quarter, compared to analysts’ expectations of $288.38 million. During the same period last year, the business earned $0.40 earnings per share. The business’s quarterly revenue was up 3.9% on a year-over-year basis. sell-side analysts predict that Waddell & Reed will post 2.14 EPS for the current fiscal year.
The company also recently announced a quarterly dividend, which was paid on Tuesday, May 1st. Stockholders of record on Tuesday, April 10th were issued a $0.25 dividend. This represents a $1.00 annualized dividend and a dividend yield of 5.08%. The ex-dividend date was Monday, April 9th. Waddell & Reed’s dividend payout ratio is 52.08%.
Several institutional investors have recently modified their holdings of WDR. Assetmark Inc. bought a new position in shares of Waddell & Reed in the fourth quarter worth approximately $103,000. Contravisory Investment Management Inc. bought a new position in shares of Waddell & Reed in the fourth quarter worth approximately $161,000. Stratos Wealth Partners LTD. grew its holdings in shares of Waddell & Reed by 298.0% in the first quarter. Stratos Wealth Partners LTD. now owns 8,816 shares of the asset manager’s stock worth $178,000 after purchasing an additional 6,601 shares during the last quarter. Xact Kapitalforvaltning AB bought a new position in shares of Waddell & Reed in the fourth quarter worth approximately $224,000. Finally, Elkfork Partners LLC bought a new position in shares of Waddell & Reed in the fourth quarter worth approximately $234,000. Hedge funds and other institutional investors own 97.43% of the company’s stock.
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.
To view ValuEngine’s full report, visit ValuEngine’s official website.
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