Waddell & Reed Financial, Inc. (NYSE:WDR) – Investment analysts at Jefferies Financial Group raised their Q2 2019 earnings per share (EPS) estimates for Waddell & Reed Financial in a research note issued to investors on Tuesday, July 9th. Jefferies Financial Group analyst D. Fannon now forecasts that the asset manager will post earnings of $0.37 per share for the quarter, up from their previous forecast of $0.35. Jefferies Financial Group also issued estimates for Waddell & Reed Financial’s Q3 2019 earnings at $0.40 EPS, Q4 2019 earnings at $0.41 EPS, FY2019 earnings at $1.60 EPS and FY2020 earnings at $1.64 EPS.
Waddell & Reed Financial (NYSE:WDR) last posted its quarterly earnings data on Tuesday, April 30th. The asset manager reported $0.42 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.36 by $0.06. The business had revenue of $259.40 million for the quarter, compared to analysts’ expectations of $262.55 million. Waddell & Reed Financial had a return on equity of 19.31% and a net margin of 15.09%. The business’s revenue was down 12.8% on a year-over-year basis. During the same quarter in the previous year, the firm earned $0.56 earnings per share.
Shares of WDR opened at $16.78 on Thursday. The company has a market capitalization of $1.24 billion, a price-to-earnings ratio of 7.36, a PEG ratio of 4.14 and a beta of 1.46. The company has a fifty day moving average price of $16.62. The company has a debt-to-equity ratio of 0.11, a quick ratio of 1.46 and a current ratio of 4.41. Waddell & Reed Financial has a 1 year low of $15.96 and a 1 year high of $21.63.
The company also recently announced a quarterly dividend, which will be paid on Thursday, August 1st. Shareholders of record on Thursday, July 11th will be paid a $0.25 dividend. The ex-dividend date of this dividend is Wednesday, July 10th. This represents a $1.00 annualized dividend and a dividend yield of 5.96%. Waddell & Reed Financial’s payout ratio is presently 43.86%.
Several institutional investors and hedge funds have recently modified their holdings of the business. Captrust Financial Advisors raised its stake in shares of Waddell & Reed Financial by 181.9% during the 4th quarter. Captrust Financial Advisors now owns 1,452 shares of the asset manager’s stock valued at $26,000 after purchasing an additional 937 shares during the period. Marshall Wace North America L.P. bought a new stake in shares of Waddell & Reed Financial during the 1st quarter valued at $26,000. Valeo Financial Advisors LLC bought a new stake in shares of Waddell & Reed Financial during the 2nd quarter valued at $50,000. NumerixS Investment Technologies Inc raised its stake in shares of Waddell & Reed Financial by 433.6% during the 1st quarter. NumerixS Investment Technologies Inc now owns 9,200 shares of the asset manager’s stock valued at $160,000 after purchasing an additional 7,476 shares during the period. Finally, Everence Capital Management Inc. bought a new stake in shares of Waddell & Reed Financial during the 1st quarter valued at $175,000. Hedge funds and other institutional investors own 98.19% of the company’s stock.
About Waddell & Reed Financial
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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