Waddell & Reed Financial, Inc. (NYSE:WDR) declared a quarterly dividend on Tuesday, September 15th, RTT News reports. Investors of record on Monday, October 12th will be paid a dividend of 0.25 per share by the asset manager on Monday, November 2nd. This represents a $1.00 dividend on an annualized basis and a dividend yield of 6.51%.
Waddell & Reed Financial has decreased its dividend payment by 45.7% over the last three years and has increased its dividend annually for the last 1 consecutive years.
Shares of NYSE WDR opened at $15.37 on Wednesday. The business has a fifty day simple moving average of $15.37 and a 200 day simple moving average of $14.10. The firm has a market capitalization of $1.00 billion, a price-to-earnings ratio of 11.06 and a beta of 1.47. Waddell & Reed Financial has a one year low of $9.87 and a one year high of $17.90.
Waddell & Reed Financial (NYSE:WDR) last issued its earnings results on Tuesday, July 28th. The asset manager reported $0.38 EPS for the quarter, beating analysts’ consensus estimates of $0.32 by $0.06. The business had revenue of $240.03 million during the quarter, compared to analyst estimates of $245.26 million. Waddell & Reed Financial had a return on equity of 14.57% and a net margin of 9.17%. Waddell & Reed Financial’s revenue was down 11.1% on a year-over-year basis. During the same period in the prior year, the company posted $0.45 earnings per share. On average, equities analysts anticipate that Waddell & Reed Financial will post 1.38 EPS for the current year.
Several equities analysts have issued reports on the company. Royal Bank of Canada reiterated a “sell” rating and issued a $13.00 price objective on shares of Waddell & Reed Financial in a research report on Thursday, July 30th. Bank of America lifted their price target on shares of Waddell & Reed Financial from $13.00 to $15.00 and gave the stock an “underperform” rating in a research report on Friday, July 10th. Morgan Stanley boosted their price objective on shares of Waddell & Reed Financial from $10.00 to $13.00 and gave the company an “underweight” rating in a report on Thursday, July 2nd. Citigroup raised Waddell & Reed Financial from a “sell” rating to a “neutral” rating and raised their price target for the stock from $11.50 to $14.00 in a research report on Wednesday, July 29th. Finally, Zacks Investment Research downgraded Waddell & Reed Financial from a “strong-buy” rating to a “hold” rating and set a $16.50 price target on the stock. in a research note on Wednesday, September 9th. Five investment analysts have rated the stock with a sell rating and two have assigned a hold rating to the company. Waddell & Reed Financial has a consensus rating of “Sell” and an average price target of $14.30.
Waddell & Reed Financial Company Profile
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.
Read More: What are catch-up contributions?
Receive News & Ratings for Waddell & Reed Financial Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Waddell & Reed Financial and related companies with MarketBeat.com's FREE daily email newsletter.