Waddell & Reed Financial (WDR) Earning Favorable Press Coverage, Analysis Finds

News coverage about Waddell & Reed Financial (NYSE:WDR) has been trending positive on Tuesday, according to AlphaOne Sentiment Analysis. The research group, a division of Accern, ranks the sentiment of media coverage by analyzing more than twenty million blog and news sources in real time. AlphaOne 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 0.30 on AlphaOne’s scale. AlphaOne also assigned news stories about the asset manager an impact score of 20 out of 100, meaning that recent media coverage is very unlikely to have an effect on the stock’s share price in the near future.

Here are some of the news stories that may have impacted Alpha One’s analysis:

Insider Buying and Selling by Quarter for Waddell & Reed Financial (NYSE:WDR)

Shares of Waddell & Reed Financial (NYSE WDR) traded up 0.42% during mid-day trading on Tuesday, reaching $19.12. 129,763 shares of the company’s stock traded hands. The company has a market capitalization of $1.60 billion, a P/E ratio of 11.12 and a beta of 2.03. The firm has a 50-day moving average price of $17.36 and a 200-day moving average price of $18.19. Waddell & Reed Financial has a 1-year low of $15.02 and a 1-year high of $22.45.

Waddell & Reed Financial (NYSE:WDR) last issued its quarterly earnings results on Tuesday, May 2nd. The asset manager reported $0.39 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $0.42 by $0.03. The business had revenue of $286.54 million during the quarter, compared to the consensus estimate of $286.53 million. Waddell & Reed Financial had a return on equity of 20.88% and a net margin of 11.90%. The business’s quarterly revenue was down 11.5% on a year-over-year basis. During the same period in the prior year, the firm earned $0.45 earnings per share. On average, equities research analysts forecast that Waddell & Reed Financial will post $1.57 earnings per share for the current fiscal year.

Several brokerages have issued reports on WDR. Zacks Investment Research raised shares of Waddell & Reed Financial from a “sell” rating to a “hold” rating in a research report on Monday, April 10th. Evercore ISI downgraded shares of Waddell & Reed Financial from a “hold” rating to an “underperform” rating and set a $18.00 price objective for the company. in a research report on Friday, March 3rd. Jefferies Group LLC reaffirmed a “hold” rating and issued a $18.00 price objective (down previously from $19.00) on shares of Waddell & Reed Financial in a research report on Wednesday, April 12th. Keefe, Bruyette & Woods reaffirmed a “sell” rating and issued a $16.50 price objective on shares of Waddell & Reed Financial in a research report on Friday, June 9th. Finally, BidaskClub raised shares of Waddell & Reed Financial from a “hold” rating to a “buy” rating in a research report on Thursday, June 15th. Four investment analysts have rated the stock with a sell rating, three have assigned a hold rating and two have assigned a buy rating to the company. The company has an average rating of “Hold” and a consensus target price of $18.66.

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Waddell & Reed Financial Company Profile

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.

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