Waddell & Reed Financial, Inc. (WDR) down -0.38 per cent in the past week, is under coverage of 10 analysts who collectively recommend a sell rating on stock. 2 of the analysts have a buy or better rating; the 1 sells versus 3 underperforms. The 8 equity analysts who rate the stock have an average target price at $21.63, with individual targets ranging between $16 and $29. The shares closed last trade at $21.01, implying that analysts see shares rising about 2.95 per cent in 12 months’ time.
Insider Activity: Insiders look pessimistic about the prospects of the company that they seem to offload shares while they are -23.9 down so far this year. A Director at Waddell & Reed Financial, Inc. (WDR) sold shares in the company in a transaction completed on Monday August 03, 2015. Raines James M offloaded 3,000 shares in the company at an average price of $44.96 and ended up generating $134,880 in proceeds. Raines James M retains 12,021 shares in the company after this transaction. A Director in the company, Logue Dennis E, on Tuesday May 26, 2015 collected $130,410 from the sale of 2,700 shares at $44.96 each. Insiders are expected to know better about the health and prospects of their company, which is why insiders’ move deserves attention.
Earnings to Watch: Investors considering WDR stock at the going market price of $21.01/share should know the stock will next release quarterly results for the June 2016 quarter. For the reporting quarter, analysts expect the company to deliver $0.53 in earnings per share (EPS). That would represent a -33.75% year-over-year decrease. Revenue for the same period is expected to arrive at $314.5M.
Earnings Roundup: In the last fiscal quarter alone, Waddell & Reed Financial, Inc. generated around $323.82M in revenue and net income of $0.45/share. That compares with the consensus estimate $328.13M and $0.56/share, respectively. For the prior quarter revenue for the company hit $361.07M, with earnings at $0.76/share.
Analyst Coverage: BofA/Merrill has been a brokerage house following shares of Waddell & Reed Financial, Inc. (WDR), so its rating change is noteworthy. The stock was downgraded to Underperform from Neutral, wrote analysts at BofA/Merrill, in a note issued to clients on Tuesday March 15, 2016. There was another key note issued by Credit Suisse on Monday January 04, 2016. The firm lowered its rating on WDR from Neutral to Underperform.
Price Momentum: Despite the -2.6% decrease in value, the stock’s new closing price represents a -55.61% fall in value from company’s one year high of $50.22. The stock is currently holding above its 50 day moving average of $-0.78 and above its 200 day moving average of $20.67. Over the last three months and over the last six months, the shares of Waddell & Reed Financial, Inc. (WDR), have changed -24.21% and 24.81%, respectively.