Trade Report: Today, Waddell & Reed Financial Inc. (WDR) Earns Sell Rating from Credit Suisse Group AG

Today, Waddell & Reed Financial Inc. (WDR) Earns Sell Rating from Credit Suisse Group AG

Waddell & Reed Financial Inc. (NYSE:WDR)‘s stock had its “sell” rating reaffirmed by stock analysts at Credit Suisse Group AG in a research report issued to clients and investors on Monday. They presently have a $13.00 price target on the stock. Credit Suisse Group AG’s target price would suggest a potential downside of 34.97% from the company’s current price.

A number of other equities analysts have also recently commented on WDR. Jefferies Group reaffirmed a “hold” rating and set a $18.00 price target (down from $23.00) on shares of Waddell & Reed Financial in a research note on Monday, July 11th. Citigroup Inc. upgraded shares of Waddell & Reed Financial from a “sell” rating to a “neutral” rating and set a $16.00 price objective for the company in a report on Tuesday, July 12th. Royal Bank Of Canada decreased their price objective on shares of Waddell & Reed Financial from $29.00 to $26.00 and set an “outperform” rating for the company in a report on Wednesday, July 27th. RBC Capital Markets set a $26.00 price objective on shares of Waddell & Reed Financial and gave the company a “buy” rating in a report on Wednesday, July 27th. Finally, Morgan Stanley reiterated a “sell” rating and set a $17.00 price objective on shares of Waddell & Reed Financial in a report on Thursday, July 28th. Five investment analysts have rated the stock with a sell rating, five have issued a hold rating and two have given a buy rating to the stock. The company currently has an average rating of “Hold” and a consensus target price of $20.95.

Waddell & Reed Financial (NYSE:WDR) traded up 0.30% during midday trading on Monday, hitting $19.99. 260,474 shares of the stock were exchanged. The firm’s 50 day moving average price is $17.60 and its 200 day moving average price is $18.40. Waddell & Reed Financial has a 12 month low of $15.02 and a 12 month high of $37.76. The company has a market cap of $1.66 billion, a PE ratio of 8.82 and a beta of 1.93.

Waddell & Reed Financial (NYSE:WDR) last released its quarterly earnings results on Tuesday, October 25th. The company reported $0.64 EPS for the quarter, topping analysts’ consensus estimates of $0.51 by $0.13. Waddell & Reed Financial had a net margin of 14.34% and a return on equity of 25.38%. The firm earned $303.09 million during the quarter, compared to analysts’ expectations of $295.65 million. During the same period in the previous year, the company earned $0.76 EPS. The firm’s revenue for the quarter was down 19.4% compared to the same quarter last year. On average, equities research analysts forecast that Waddell & Reed Financial will post $1.81 earnings per share for the current fiscal year.

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, November 1st. Investors of record on Tuesday, October 11th were paid a dividend of $0.46 per share. The ex-dividend date was Thursday, October 6th. This represents a $1.84 annualized dividend and a dividend yield of 9.20%. Waddell & Reed Financial’s dividend payout ratio (DPR) is presently 81.06%.

Several hedge funds and other institutional investors have recently bought and sold shares of the company. Franklin Resources Inc. purchased a new position in Waddell & Reed Financial during the first quarter valued at approximately $359,000. Canada Pension Plan Investment Board raised its position in Waddell & Reed Financial by 24.2% in the first quarter. Canada Pension Plan Investment Board now owns 11,300 shares of the company’s stock valued at $266,000 after buying an additional 2,200 shares during the period. State Street Corp raised its position in Waddell & Reed Financial by 4.3% in the first quarter. State Street Corp now owns 2,405,533 shares of the company’s stock valued at $56,628,000 after buying an additional 99,456 shares during the period. UBS Group AG raised its position in Waddell & Reed Financial by 856.8% in the first quarter. UBS Group AG now owns 69,030 shares of the company’s stock valued at $1,625,000 after buying an additional 61,815 shares during the period. Finally, Goldman Sachs Group Inc. raised its position in Waddell & Reed Financial by 29.5% in the first quarter. Goldman Sachs Group Inc. now owns 1,100,916 shares of the company’s stock valued at $25,915,000 after buying an additional 250,751 shares during the period. Hedge funds and other institutional investors own 86.25% of the company’s stock.

Waddell & Reed Financial Company Profile

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