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.



Like this

Latest


25 October 2017
Sergio Aguero to captain Manchester City against Wolverhampton Wanderers
But second-tier Bristol City hit back through goals from Matt Taylor, Milan Djuric, Joe Bryan and Callum O'Dowda. But City finally got an edge in the shootout as Claudio Bravo saved Alfred N'Diaye and Conor Coady efforts.

25 October 2017
Stock Upsurging Yielding Gains in Session ICICI Bank Limited (NYSE:IBN)
The stock is now moving below its 20-Day Simple Moving Average of -4.97% with a 50-Day Simple Moving Average of -9.92 percent. CAPROCK Group Inc. purchased a new position in ICICI Bank Limited in the 2nd quarter valued at approximately $107,000.

25 October 2017
Monro, Inc. (NASDAQ:MNRO) To Report Earnings
Nisa Investment Advisors LLC's holdings in Monro Muffler Brake were worth $269,000 at the end of the most recent quarter. Following the transaction, the vice president now owns 58,000 shares in the company, valued at approximately $2,785,160.

25 October 2017
Amir Khan calls out Floyd Mayweather
But it is fellow Brit Kell Brook who has always been raring to go against Khan, though it has so far failed to transpire. Mayweather doesn't have the power.in any fight I've never been out boxed.

25 October 2017
Typhoon Lan sweeps across Japan; 2 reported dead
Toyota Motor Corp canceled the first shift at all of its assembly plants but said it would operate the second shift as normal. Hirashima, who saw the scaffolding collapsing as he was passing by, was unable to get out of the way, the police said.

25 October 2017
Next Weeks Broker Price Targets For United Parcel Service, Inc. (NYSE:UPS)
Maximum and minimum EPS estimate for the current quarter is projected at $1.72 and $1.6, respectively, according to 20 analysts. Since June 5, 2017, it had 0 buys, and 1 insider sale for $214,980 activity. 3,442 were accumulated by Texas Capital Bank Tx.

25 October 2017
South Park: The Fractured But Whole Now Has a Free Trial
All you have to do is go to the game in the store and find the trial and begin the download completely free of charge. The answer to your question is, "Yes, Ubisoft is trying to give you 0 excuse to play their South Park game".

25 October 2017
India vs New Zealand 2nd ODI: Bowling coach backs wrist spin duo
Numerous tours to India for national team and stints with IPL franchise certainly came in handy for the 33-year-old. Past year they lost the decider in Visakhapatnam to go down 3-2, mirroring the final scores in 1995 and 1999.

25 October 2017
Castleark Management LLC Sells 134340 Shares of Marathon Petroleum Corporation (MPC)
The sales growth rate for a stock is a measure of how the stock's sales per share (SPS) has grown over a specific period of time. Khayyal Al has seen steady activity on the buy side, and on October 2, 2017, executed an option to buy 604 shares.

25 October 2017
Astros or Dodgers? Sporting News experts make their picks
The Dodgers will be at home for the first two games before heading to Houston's Minute Maid Park for Game 3 on Friday. Want more World Series coverage? The Dodgers haven't won a championship since they last won the NL pennant in 1988.



Recommended