Waddell & Reed Financial (NYSE:WDR) Reaches New 52-Week Low at $15.16

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Shares of Waddell & Reed Financial, Inc. (NYSE:WDR) reached a new 52-week low on Tuesday . The company traded as low as $15.16 and last traded at $15.20, with a volume of 9449 shares. The stock had previously closed at $15.33.

Several analysts have recently commented on WDR shares. Evercore ISI set a $17.00 price objective on Waddell & Reed Financial and gave the stock a “hold” rating in a research note on Monday, August 12th. Gabelli reissued a “buy” rating on shares of Waddell & Reed Financial in a research note on Wednesday, May 1st. Finally, Citigroup set a $15.00 price objective on Waddell & Reed Financial and gave the stock a “sell” rating in a research note on Wednesday, July 31st. Four equities research analysts have rated the stock with a sell rating, four have given a hold rating and one has issued a buy rating to the company’s stock. The stock presently has a consensus rating of “Hold” and an average price target of $17.08.

The company has a market capitalization of $1.13 billion, a P/E ratio of 6.66, a price-to-earnings-growth ratio of 3.64 and a beta of 1.43. The company has a debt-to-equity ratio of 0.11, a current ratio of 3.78 and a quick ratio of 1.20. The firm has a fifty day moving average price of $16.51 and a 200-day moving average price of $17.24.

Waddell & Reed Financial (NYSE:WDR) last released its earnings results on Tuesday, July 30th. The asset manager reported $0.42 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.37 by $0.05. The company had revenue of $270.20 million during the quarter, compared to analyst estimates of $267.48 million. Waddell & Reed Financial had a return on equity of 17.88% and a net margin of 14.48%. Waddell & Reed Financial’s quarterly revenue was down 8.5% on a year-over-year basis. During the same period in the prior year, the company posted $0.55 earnings per share. On average, research analysts forecast that Waddell & Reed Financial, Inc. will post 1.7 EPS for the current year.

The firm also recently announced a quarterly dividend, which was paid on Thursday, August 1st. Stockholders of record on Thursday, July 11th were issued a $0.25 dividend. This represents a $1.00 annualized dividend and a dividend yield of 6.59%. The ex-dividend date was Wednesday, July 10th. Waddell & Reed Financial’s dividend payout ratio is presently 43.86%.

Several hedge funds have recently added to or reduced their stakes in the company. Royal Bank of Canada raised its position in Waddell & Reed Financial by 15.5% during the second quarter. Royal Bank of Canada now owns 41,151 shares of the asset manager’s stock valued at $686,000 after purchasing an additional 5,518 shares in the last quarter. Verition Fund Management LLC purchased a new stake in Waddell & Reed Financial during the second quarter valued at about $170,000. Factorial Partners LLC raised its position in Waddell & Reed Financial by 2.0% during the second quarter. Factorial Partners LLC now owns 51,000 shares of the asset manager’s stock valued at $850,000 after purchasing an additional 1,000 shares in the last quarter. Schroder Investment Management Group raised its position in Waddell & Reed Financial by 189.2% during the second quarter. Schroder Investment Management Group now owns 45,988 shares of the asset manager’s stock valued at $767,000 after purchasing an additional 30,088 shares in the last quarter. Finally, Nuveen Asset Management LLC purchased a new stake in Waddell & Reed Financial during the second quarter valued at about $5,072,000. 99.63% of the stock is owned by institutional investors.

Waddell & Reed Financial Company Profile (NYSE:WDR)

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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