FY2018 EPS Estimates for Waddell & Reed Financial, Inc. (WDR) Cut by William Blair

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Waddell & Reed Financial, Inc. (NYSE:WDR) – Investment analysts at William Blair dropped their FY2018 earnings per share (EPS) estimates for shares of Waddell & Reed Financial in a report issued on Tuesday, October 30th. William Blair analyst C. Shutler now expects that the asset manager will earn $2.21 per share for the year, down from their previous forecast of $2.23. William Blair also issued estimates for Waddell & Reed Financial’s Q4 2018 earnings at $0.53 EPS and FY2019 earnings at $1.79 EPS.

Waddell & Reed Financial (NYSE:WDR) last released its earnings results on Tuesday, October 30th. The asset manager reported $0.58 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.56 by $0.02. The business had revenue of $295.10 million during the quarter, compared to the consensus estimate of $293.63 million. Waddell & Reed Financial had a return on equity of 19.29% and a net margin of 13.47%. The business’s revenue for the quarter was up 2.0% on a year-over-year basis. During the same period last year, the business posted $0.44 earnings per share.

Several other equities analysts have also recently weighed in on the company. Zacks Investment Research cut Waddell & Reed Financial from a “buy” rating to a “hold” rating in a research report on Monday, August 6th. Keefe, Bruyette & Woods reiterated a “hold” rating and issued a $23.00 price target on shares of Waddell & Reed Financial in a research report on Wednesday, August 1st. ValuEngine upgraded Waddell & Reed Financial from a “strong sell” rating to a “sell” rating in a research report on Wednesday, August 8th. Credit Suisse Group reduced their price target on Waddell & Reed Financial from $20.00 to $18.00 and set an “underperform” rating for the company in a research report on Wednesday. Finally, Royal Bank of Canada set a $17.00 price target on Waddell & Reed Financial and gave the company a “sell” rating in a research report on Wednesday. Five equities research analysts have rated the stock with a sell rating and four have issued a hold rating to the company. The stock presently has an average rating of “Sell” and a consensus price target of $20.38.

Shares of NYSE WDR opened at $19.07 on Thursday. The firm has a market capitalization of $1.60 billion, a PE ratio of 9.93, a P/E/G ratio of 0.91 and a beta of 1.85. Waddell & Reed Financial has a fifty-two week low of $17.53 and a fifty-two week high of $23.82. The company has a debt-to-equity ratio of 0.11, a current ratio of 3.99 and a quick ratio of 1.75.

A number of large investors have recently bought and sold shares of WDR. BlackRock Inc. boosted its stake in Waddell & Reed Financial by 17.2% during the second quarter. BlackRock Inc. now owns 11,686,346 shares of the asset manager’s stock valued at $210,001,000 after buying an additional 1,714,970 shares during the period. Millennium Management LLC boosted its stake in Waddell & Reed Financial by 813.1% during the first quarter. Millennium Management LLC now owns 709,347 shares of the asset manager’s stock valued at $14,336,000 after buying an additional 631,665 shares during the period. WBI Investments Inc. bought a new stake in Waddell & Reed Financial during the third quarter valued at $9,419,000. FMR LLC boosted its stake in Waddell & Reed Financial by 10.0% during the second quarter. FMR LLC now owns 4,691,739 shares of the asset manager’s stock valued at $84,311,000 after buying an additional 424,816 shares during the period. Finally, Dimensional Fund Advisors LP boosted its stake in Waddell & Reed Financial by 7.9% during the second quarter. Dimensional Fund Advisors LP now owns 3,336,488 shares of the asset manager’s stock valued at $59,957,000 after buying an additional 245,242 shares during the period. 97.98% of the stock is owned by institutional investors.

In other news, Director Alan W. Kosloff sold 19,614 shares of Waddell & Reed Financial stock in a transaction on Wednesday, September 12th. The stock was sold at an average price of $20.42, for a total value of $400,517.88. Following the completion of the transaction, the director now directly owns 22,184 shares in the company, valued at $452,997.28. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. 3.40% of the stock is currently owned by insiders.

The business also recently declared a quarterly dividend, which will be paid on Thursday, November 1st. Stockholders of record on Thursday, October 11th will be given a $0.25 dividend. This represents a $1.00 annualized dividend and a dividend yield of 5.24%. The ex-dividend date is Wednesday, October 10th. Waddell & Reed Financial’s dividend payout ratio (DPR) is presently 52.08%.

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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Earnings History and Estimates for Waddell & Reed Financial (NYSE:WDR)

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