Waddell & Reed Financial, Inc. (NYSE:WDR) announced a quarterly dividend on Monday, March 20th. Investors of record on Monday, April 10th will be given a dividend of 0.46 per share on Monday, May 1st. This represents a $1.84 annualized dividend and a dividend yield of 10.87%.
Shares of Waddell & Reed Financial (NYSE:WDR) opened at 16.93 on Tuesday. Waddell & Reed Financial has a 52-week low of $15.02 and a 52-week high of $26.54. The company has a 50 day moving average of $18.34 and a 200 day moving average of $18.51. The firm has a market capitalization of $1.43 billion, a PE ratio of 9.53 and a beta of 1.99.
Waddell & Reed Financial (NYSE:WDR) last issued its quarterly earnings results on Tuesday, January 31st. The company reported $0.48 earnings per share for the quarter, meeting the Zacks’ consensus estimate of $0.48. Waddell & Reed Financial had a net margin of 11.86% and a return on equity of 22.74%. The company earned $292.90 million during the quarter, compared to the consensus estimate of $290.76 million. During the same period in the prior year, the company earned $0.76 EPS. Waddell & Reed Financial’s revenue was down 18.9% on a year-over-year basis. On average, analysts anticipate that Waddell & Reed Financial will post $1.58 earnings per share for the current fiscal year.
WDR has been the subject of a number of research analyst reports. Zacks Investment Research raised shares of Waddell & Reed Financial from a “hold” rating to a “buy” rating and set a $22.00 price target for the company in a report on Tuesday, January 3rd. Credit Suisse Group AG reissued an “underperform” rating on shares of Waddell & Reed Financial in a report on Saturday, December 10th. Evercore ISI downgraded 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 report on Friday, March 3rd. Finally, Jefferies Group LLC reissued a “neutral” rating on shares of Waddell & Reed Financial in a report on Wednesday, January 11th. Five research analysts have rated the stock with a sell rating, three have issued a hold rating and one has given a buy rating to the stock. The company currently has an average rating of “Hold” and an average target price of $19.75.
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Waddell & Reed Financial Company Profile
Waddell & Reed Financial, Inc 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, Ivy Funds, Ivy Funds Variable Insurance Portfolios, InvestEd Portfolios and 529 college savings plan (collectively, the Funds), and the Ivy Global Investors Fund SICAV and its Ivy Global Investors sub-funds (the IGI Funds), and institutional and separately managed accounts.
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