Economy

Waddell & Reed tops Street 3Q forecasts

Overall, volume was down 98.81% under the stocks normal daily volume.

Several other research analysts have also commented on the company.

Bank of America Corp. lowered Waddell & Reed Financial from a "neutral" rating to an "underperform" rating in a research report on Tuesday, March 15th. Morgan Stanley cut their price objective on Waddell & Reed Financial from $21.00 to $20.00 and set an "underweight" rating on the stock in a research report on Sunday, March 13th. The asset manager reported $0.45 EPS for the quarter, beating the Zacks' consensus estimate of $0.41 by $0.04.

Now insiders hold 2,069,120 shares in the business which makes up 2.47% of shares. In the past 3-month period alone, shares of WDR have appreciated -0.24 - or -1.17%.

Flowserve Corporation (NYSE:FLS) has a market cap of $5.83 billion and over the last 12 months, FLS has risen by 2.32%. The company rocked its 52-Week High of $22.45 and touched its 52-Week Low of $15.02. (NYSE:WDR)'s stock about -3.51% from the 50-day high and 12.95% away from the 50-day low.

Waddell & Reed Financial (NYSE:WDR) last posted its quarterly earnings results on Monday, October 23rd.

They expect $0.4 EPS, down 60% or $0.24 from last year's $0.64 per share. Waddell & Reed Financial had a return on equity of 18.75% and a net margin of 11.34%. Analysts' estimates typically exclude special items.

The company said its earnings fell to $37.95 million, or $0.45 per share. During the same period previous year, the firm earned $0.65 earnings per share. Franklin Resources Inc. lifted its stake in shares of Waddell & Reed Financial by 3.9% during the second quarter. Investors of record on Wednesday, October 11th will be paid a $0.46 dividend. (WDR) Ex-Dividend Date Scheduled for October 10 ..." with publication date: "October 09, 2017 was also an interesting one. This represents a $1.84 dividend on an annualized basis and a dividend yield of 9.09%. Waddell & Reed Financial's dividend payout ratio is presently 115.72%. The biggest holder now is Philip James Sanders who owns 427,703 shares (0.51% of those outstanding), whilst John E. Sundeen, Jr holds 315,605 (0.38% of shares outstanding) and Brent K. Bloss holds 207,105 (0.25% of shares outstanding). Dimensional Fund Advisors LP grew its position in shares of Waddell & Reed Financial by 119.7% during the 1st quarter. Flowserve Corporation (NYSE:FLS) earnings have declined with a quarterly rate of -2.4% over the last 5 years. Schroder Investment Management Group grew its position in shares of Waddell & Reed Financial by 35.4% during the 2nd quarter. Equities research analysts predict that Waddell & Reed Financial, Inc. will post $1.46 EPS for the current year. Liberty Mutual Group Asset Management Inc. now owns 53,403 shares of the company's stock worth $1,531,000 after buying an additional 17,723 shares during the last quarter. South Dakota Investment Council increased its position in shares of Waddell & Reed Financial by 74.4% in the fourth quarter. The original version of this news story can be accessed at https://www.dispatchtribunal.com/2017/10/24/waddell-reed-financial-inc-wdr-stake-raised-by-tiaa-cref-investment-management-llc.html. Alliancebernstein L.P. owned 0.15% of Waddell & Reed Financial worth $2,344,000 at the end of the most recent reporting period. Additionally Waddell & Reed Financial, Inc. declared a dividend for shareholders payable on Wednesday the 1st of November 2017.



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