Waddell & Reed Financial (WDR) Given Daily Media Sentiment Score of 0.11
News coverage about Waddell & Reed Financial (NYSE:WDR) has been trending somewhat positive this week, according to Accern Sentiment Analysis. Accern identifies negative and positive media coverage by analyzing more than 20 million news and blog sources. Accern ranks coverage of public companies on a scale of negative one to positive one, with scores nearest to one being the most favorable. Waddell & Reed Financial earned a daily sentiment score of 0.11 on Accern’s scale. Accern also gave news articles about the asset manager an impact score of 47.6517207772642 out of 100, indicating that recent media coverage is somewhat unlikely to have an effect on the company’s share price in the immediate future.
Here are some of the news articles that may have impacted Accern Sentiment’s analysis:
- Invesco's (IVZ) July AUM Up on Higher Money Market Assets (finance.yahoo.com)
- Waddell & Reed Financial, Inc. Announces July 31, 2018 Assets Under Management (finance.yahoo.com)
- Waddell & Reed Financial (WDR) and Virtu Financial (VIRT) Head-To-Head Survey (americanbankingnews.com)
- Validea’s Top Five Financial Stocks Based On Benjamin Graham – 8/5/2018 (nasdaq.com)
- Gabelli Weighs in on Waddell & Reed Financial, Inc.’s FY2018 Earnings (WDR) (americanbankingnews.com)
Several analysts recently issued reports on the stock. Zacks Investment Research raised shares of Waddell & Reed Financial from a “hold” rating to a “buy” rating and set a $23.00 price target for the company in a research report on Friday, August 3rd. ValuEngine raised shares of Waddell & Reed Financial from a “strong sell” rating to a “sell” rating in a research report on Wednesday. Citigroup reduced their price target on shares of Waddell & Reed Financial from $19.50 to $18.00 and set a “neutral” rating for the company in a research report on Wednesday, May 2nd. Finally, Keefe, Bruyette & Woods reissued a “hold” rating and issued a $23.00 price target on shares of Waddell & Reed Financial in a research report on Wednesday, August 1st. Six investment analysts have rated the stock with a sell rating and four have given a hold rating to the stock. The stock currently has a consensus rating of “Sell” and a consensus price target of $20.63.
Waddell & Reed Financial (NYSE:WDR) last posted its quarterly earnings data on Tuesday, July 31st. The asset manager reported $0.55 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.48 by $0.07. The firm had revenue of $295.34 million for the quarter, compared to the consensus estimate of $288.92 million. Waddell & Reed Financial had a net margin of 13.47% and a return on equity of 19.29%. The business’s revenue for the quarter was up 3.0% compared to the same quarter last year. During the same period in the previous year, the firm earned $0.29 EPS. sell-side analysts predict that Waddell & Reed Financial will post 2.2 EPS for the current year.
The company also recently disclosed a quarterly dividend, which was paid on Wednesday, August 1st. Shareholders of record on Wednesday, July 11th were issued a dividend of $0.25 per share. This represents a $1.00 dividend on an annualized basis and a yield of 4.94%. The ex-dividend date was Tuesday, July 10th. Waddell & Reed Financial’s dividend payout ratio is 52.08%.
In other Waddell & Reed Financial news, Director James M. Raines sold 2,640 shares of Waddell & Reed Financial stock in a transaction on Tuesday, June 12th. The shares were sold at an average price of $19.93, for a total transaction of $52,615.20. Following the transaction, the director now directly owns 24,826 shares of the company’s stock, valued at approximately $494,782.18. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. 3.40% of the stock is owned by insiders.
About Waddell & Reed Financial
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.
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