Waddell & Reed Financial Stock Forecast, Price & News

Waddell & Reed Financial's stock was trading at $11.75 on March 11th, 2020 when Coronavirus reached pandemic status according to the World Health Organization (WHO). Since then, WDR shares have increased by 113.2% and is now trading at $25.05.
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4 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Waddell & Reed Financial in the last year. There are currently 2 sell ratings and 2 hold ratings for the stock. The consensus among Wall Street analysts is that investors should "hold" Waddell & Reed Financial stock. A hold rating indicates that analysts believe investors should maintain any existing positions they have in WDR, but not buy additional shares or sell existing shares.
View analyst ratings for Waddell & Reed Financial or view MarketBeat's top 5 stock picks.

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Waddell & Reed Financial is scheduled to release its next quarterly earnings announcement on Tuesday, February 2nd 2021.
View our earnings forecast for Waddell & Reed Financial.

Waddell & Reed Financial, Inc. (NYSE:WDR) released its earnings results on Tuesday, October, 27th. The asset manager reported $0.48 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.41 by $0.07. The asset manager had revenue of $267.70 million for the quarter, compared to analysts' expectations of $262.62 million. Waddell & Reed Financial had a net margin of 9.17% and a return on equity of 14.57%. The business's revenue for the quarter was down 1.1% compared to the same quarter last year. During the same quarter in the previous year, the business posted $0.46 EPS.
View Waddell & Reed Financial's earnings history.

Waddell & Reed Financial declared a quarterly dividend on Monday, December 21st. Investors of record on Monday, January 11th will be paid a dividend of $0.25 per share on Monday, February 1st. This represents a $1.00 dividend on an annualized basis and a yield of 3.99%. The ex-dividend date is Friday, January 8th.
View Waddell & Reed Financial's dividend history.

Waddell & Reed Financial pays an annual dividend of $1.00 per share and currently has a dividend yield of 4.00%. WDR has a dividend yield higher than 75% of all dividend-paying stocks, making it a leading dividend payer. Waddell & Reed Financial does not yet have a strock track record of dividend growth. The dividend payout ratio of Waddell & Reed Financial is 53.19%. This payout ratio is at a healthy, sustainable level, below 75%. Based on EPS estimates, Waddell & Reed Financial will have a dividend payout ratio of 78.13% in the coming year. This indicates that Waddell & Reed Financial may not be able to sustain their current dividend.
View Waddell & Reed Financial's dividend history.

4 analysts have issued twelve-month price targets for Waddell & Reed Financial's stock. Their forecasts range from $13.00 to $15.00. On average, they anticipate Waddell & Reed Financial's stock price to reach $14.00 in the next year. This suggests that the stock has a possible downside of 44.1%.
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Waddell & Reed Financial saw a decrease in short interest during the month of December. As of December 31st, there was short interest totaling 8,620,000 shares, a decrease of 45.8% from the December 15th total of 15,910,000 shares. Based on an average daily trading volume, of 1,700,000 shares, the days-to-cover ratio is currently 5.1 days. Approximately 14.4% of the shares of the company are short sold.
View Waddell & Reed Financial's Short Interest.

Some companies that are related to Waddell & Reed Financial include BlackRock (BLK), The Bank of New York Mellon (BK), T. Rowe Price Group (TROW), State Street (STT), Ameriprise Financial (AMP), Northern Trust (NTRS), Franklin Resources (BEN), C3.ai (AI), Invesco (IVZ), SEI Investments (SEIC), Eaton Vance (EV), Ares Capital (ARCC), Affiliated Managers Group (AMG), Cohen & Steers (CNS) and Golub Capital BDC (GBDC).
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Based on aggregate information from My MarketBeat watchlists, some companies that other Waddell & Reed Financial investors own include Pfizer (PFE), AbbVie (ABBV), Ford Motor (F), Gilead Sciences (GILD), AT&T (T), Johnson & Johnson (JNJ), Verizon Communications (VZ), General Electric (GE), YRC Worldwide (YRCW) and Alibaba Group (BABA).

Waddell & Reed Financial trades on the New York Stock Exchange (NYSE) under the ticker symbol "WDR."

Waddell & Reed Financial's stock is owned by many different retail and institutional investors. Top institutional shareholders include State of Alaska Department of Revenue (0.08%), Weather Gauge Advisory LLC (0.06%), Louisiana State Employees Retirement System (0.05%) and Kovack Advisors Inc. (0.02%). Company insiders that own Waddell & Reed Financial stock include Dennis E Logue, James M Raines and Jerry W Walton.
View institutional ownership trends for Waddell & Reed Financial.

WDR stock was sold by a variety of institutional investors in the last quarter, including State of Alaska Department of Revenue, Weather Gauge Advisory LLC, Kovack Advisors Inc., and Louisiana State Employees Retirement System.
View insider buying and selling activity for Waddell & Reed Financial or view top insider-selling stocks.

Shares of WDR can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include WeBull, Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Robinhood, Fidelity, and Charles Schwab.

One share of WDR stock can currently be purchased for approximately $25.05.

Waddell & Reed Financial has a market capitalization of $1.57 billion and generates $1.07 billion in revenue each year. The asset manager earns $114.99 million in net income (profit) each year or $1.88 on an earnings per share basis. Waddell & Reed Financial employs 1,162 workers across the globe.

The official website for Waddell & Reed Financial is www.waddell.com.

Waddell & Reed Financial's mailing address is 6300 LAMAR AVE, OVERLAND PARK KS, 66201. The asset manager can be reached via phone at 913-236-2000 or via email at [email protected]