Waddell & Reed Financial, Inc. (WDR)

Elias Hubbard
October 27, 2017

Following the completion of the sale, the vice president now owns 25,845 shares of the company's stock, valued at $517,158.45. Fisher Asset Management LLC owned 2.30% of Waddell & Reed Financial worth $38,616,000 at the end of the most recent quarter. Franklin Resources Inc. lifted its stake in shares of Waddell & Reed Financial by 3.9% during the second quarter. They now have a $21.00 price objective on the asset manager's stock. A 22 analysts rate it as either a buy or a strong buy, while 1 believe that investors should either steer clear of (NYSE:HLT) or, if they already own its stock, sell it. Finally, Principal Financial Group Inc. boosted its stake in shares of Waddell & Reed Financial by 0.3% during the 1st quarter.

Analysts are also projecting an Average Revenue Estimate for Waddell & Reed Financial, Inc.as $285190 in the Current Quarter. Finally, CIBC World Markets Inc. acquired a new position in shares of Waddell & Reed Financial during the second quarter valued at about $182,000. That's a potential -8.05 decrease relative to where Waddell & Reed Financial, Inc.

Several hedge funds and other institutional investors have recently modified their holdings of the company. Also, Director Alan W. Kosloff sold 25,076 shares of Waddell & Reed Financial stock in a transaction that occurred on Thursday, August 3rd. The stock was sold at an average price of $19.40, for a total transaction of $486,474.40. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink.

In the past 5 years, the stock showed growth of -7.44% per annum. A total of 2.09 Million shares exchanged hands during the intra-day trade compared with its average trading volume of 917.75 Million shares, while its relative volume stands at 2.28.

The SEC says that an "insider" is anyone who owns at least a 10% stake in a company's stock. The disclosure for this sale can be found here. Waddell & Reed Financial, Inc. (NYSE:WDR) has gone stronger by 18.2%. Waddell & Reed Financial has a 52-week low of $15.02 and a 52-week high of $22.45. The level of 50 represents neutral market momentum and corresponds with the center line in other oscillators such as MACD (Moving Average Convergence/Divergence). The company has a market cap of $1.66 billion, a PE ratio of 12.50 and a beta of 2.04.

Waddell & Reed Financial (WDR) traded down 0.55% during midday trading on Thursday, reaching $19.89. A month ago, analyst EPS consensus estimated earnings of US$0.4 per share. The stock of Waddell & Reed Financial, Inc. The Q4 2017 consensus earnings estimates for the company have stabilized at US$0.37 per share. Waddell & Reed Financial's revenue was down 4.5% on a year-over-year basis. Royal Bank Of Canada started coverage on Waddell & Reed Financial in a research report on Thursday, June 29th. Shareholders of record on Thursday, January 11th will be issued a dividend of $0.25 per share. The average 1-year price target for (HLT) reveals an average price target of $71.96 per share. The ex-dividend date is Wednesday, January 10th. The correct version of this article can be read at https://stocknewstimes.com/2017/10/26/keefe-bruyette-woods-reiterates-hold-rating-for-waddell-reed-financial-inc-wdr.html.

ILLEGAL ACTIVITY NOTICE: This piece was posted by Dispatch Tribunal and is owned by of Dispatch Tribunal. If you are reading this article on another domain, it was stolen and republished in violation of United States and global copyright and trademark law. MSI Financial Services Inc now owns 5,837 shares of the company's stock valued at $106,000 after buying an additional 89 shares in the last quarter.

Waddell & Reed Financial, Inc. on 9/29/2017 reported its EPS as $0.43 with the analysts projecting the EPS of the stock as $0.48. Jefferies Group LLC reissued a "hold" rating and issued a $18.00 price objective on shares of Waddell & Reed Financial in a research report on Wednesday, June 28th. Waddell & Reed Financial (NYSE:WDR)'s price to free cash flow for trailing twelve months is 0. Bank of America Corporation boosted their price target on Waddell & Reed Financial from $17.00 to $18.00 and gave the stock an "underperform" rating in a research report on Wednesday. This is according to the analysts polled by Thomson Reuters which have recently published research reports on the firm. Five investment analysts have rated the stock with a sell rating, three have assigned a hold rating and one has assigned a buy rating to the company.

The average 1-year price target for Waddell & Reed Financial, Inc.

Waddell & Reed Financial, Inc, incorporated on December 24, 1981, is a holding company.

The top 5 institutional holders, in ascending order, are as follows: BLACKROCK INC. with 16.61 million shares, VANGUARD GROUP INC with 7.6 million shares, FMR LLC with 4.86 million shares, INVESCO LTD. with 4.45 million shares, and FULLER & THALER ASSET MANAGEMENT, INC. with 3.41 million shares.

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