Waddell & Reed Financial (NYSE:WDR): The mean estimate for the short term price target for Waddell & Reed Financial (NYSE:WDR) stands at $23.6 according to 5 Analysts. The higher price target estimate for the stock has been calculated at $29 while the lower price target estimate is at $19.
Many analysts have stated their opinion on the company shares. Bank of America downgrades their rating on the shares of Waddell & Reed Financial (NYSE:WDR). The current rating of the shares is Underperform. Earlier, the shares were rated a Neutral by the brokerage firm. The rating by the firm was issued on March 15, 2016. Company shares have received an average consensus rating of Hold for the current week
On the companys insider trading activities, The Securities and Exchange Commission has divulged that Raines James M, director of Waddell & Reed Financial Inc, had unloaded 3,000 shares at an average price of $44.96 in a transaction dated on August 3, 2015. The total value of the transaction was worth $134,880.
Waddell & Reed Financial (NYSE:WDR) stock ended Monday session in the red zone in a volatile trading. The stock closed down 0.37 points or 1.92% at $18.95 with 1,451,519 shares getting traded. Post opening the session at $19.16, the shares hit an intraday low of $18.83 and an intraday high of $19.495 and the price was in this range throughout the day. The company has a market cap of $1,544 million and the number of outstanding shares have been calculated to be 81,489,802 shares. The 52-week high of Waddell & Reed Financial (NYSE:WDR) is $50.22 and the 52-week low is $18.57.
Waddell & Reed Financial, Inc. is a mutual fund and asset management company. The Company provides investment management, investment advisory, investment product underwriting and distribution and shareholder services administration to Waddell & Reed Advisors group of mutual funds, Ivy Funds, Ivy Funds Variable Insurance Portfolios, InvestEd Portfolios, 529 college savings and Selector Management Fund SICAV and its Ivy Global Investors sub-funds and institutional and separately managed accounts. The Company operates its business through a distribution network. Its retail products are distributed through its Wholesale channel, which includes third parties, such as other broker/dealers, registered investment advisors and various retirement platforms or through its Advisors channel sales force of independent financial advisors. It also markets investment advisory services to institutional investors, either directly or through consultants, in its Institutional channel.