Waddell & Reed Financial (NYSE:WDR) had its target price boosted by Morgan Stanley from $20.00 to $21.00 in a report issued on Tuesday. They currently have an underweight rating on the asset manager’s stock.

Several other research firms have also issued reports on WDR. Royal Bank of Canada restated a sell rating and issued a $20.00 price target on shares of Waddell & Reed Financial in a research report on Wednesday, January 31st. Bank of America set a $20.00 price target on shares of Waddell & Reed Financial and gave the stock a sell rating in a research report on Tuesday, January 30th. Citigroup upgraded shares of Waddell & Reed Financial 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. Keefe, Bruyette & Woods reiterated a hold rating and set a $23.00 price objective on shares of Waddell & Reed Financial in a research report on Friday, December 22nd. Finally, Jefferies Group reiterated a hold rating and set a $23.00 price objective on shares of Waddell & Reed Financial in a research report on Thursday, January 11th. Six research analysts have rated the stock with a sell rating, four have issued a hold rating and one has assigned a buy rating to the company. The company presently has a consensus rating of Hold and a consensus price target of $21.33.

Waddell & Reed Financial (WDR) opened at $20.40 on Tuesday. The company has a debt-to-equity ratio of 0.11, a current ratio of 3.02 and a quick ratio of 1.14. The stock has a market cap of $1,700.00, a P/E ratio of 12.22 and a beta of 1.99. Waddell & Reed Financial has a 12-month low of $16.11 and a 12-month high of $23.82.

Waddell & Reed Financial (NYSE:WDR) last posted its quarterly earnings results on Tuesday, January 30th. The asset manager reported $0.48 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.45 by $0.03. The firm had revenue of $294.48 million for the quarter, compared to analyst estimates of $286.55 million. Waddell & Reed Financial had a net margin of 10.72% and a return on equity of 16.72%. The firm’s quarterly revenue was up .5% compared to the same quarter last year. During the same quarter in the previous year, the business posted $0.43 earnings per share. equities analysts forecast that Waddell & Reed Financial will post 2.07 EPS for the current year.

In other Waddell & Reed Financial news, CAO John E. Sundeen, Jr. sold 45,168 shares of Waddell & Reed Financial stock in a transaction that occurred on Thursday, December 21st. The shares were sold at an average price of $22.48, for a total transaction of $1,015,376.64. Following the transaction, the chief accounting officer now directly owns 270,437 shares in the company, valued at approximately $6,079,423.76. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Also, SVP Wendy J. Hills sold 31,273 shares of Waddell & Reed Financial stock in a transaction that occurred on Friday, December 22nd. The stock was sold at an average price of $22.41, for a total transaction of $700,827.93. Following the transaction, the senior vice president now owns 151,602 shares in the company, valued at $3,397,400.82. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 101,411 shares of company stock worth $2,229,239. Corporate insiders own 3.80% of the company’s stock.

Hedge funds and other institutional investors have recently bought and sold shares of the business. Assetmark Inc. acquired a new stake in shares of Waddell & Reed Financial during the 4th quarter valued at $103,000. IFG Advisory LLC acquired a new stake in shares of Waddell & Reed Financial during the 4th quarter valued at $563,000. Contravisory Investment Management Inc. acquired a new stake in shares of Waddell & Reed Financial during the 4th quarter valued at $161,000. Chicago Equity Partners LLC acquired a new stake in shares of Waddell & Reed Financial during the 3rd quarter valued at $205,000. Finally, Trilogy Capital Inc. acquired a new stake in shares of Waddell & Reed Financial during the 4th quarter valued at $257,000. Hedge funds and other institutional investors own 97.03% of the company’s stock.

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About Waddell & Reed Financial

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.

Analyst Recommendations for Waddell & Reed Financial (NYSE:WDR)

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