Waddell & Reed Financial (NYSE:WDR) : 1 brokerage houses believe that Waddell & Reed Financial (NYSE:WDR) is a Strong Buy at current levels. 1 Analyst considers the fundamentals to be worthy of a Buy recommendation. 3 analysts believe that the current prices are in a balance with the stocks fundamentals, hence they propose Hold on Waddell & Reed Financial (NYSE:WDR). Zacks Investment Research suggests a Hold with a rank of 3. 1 analysts perceive the stock to be overvalued at the existing levels, hence their call is to Sell the stock. 1 others believe that the stock has run up ahead of its fundamentals and advise a Strong Sell on the stock.The median of all the 7 Wall Street Analysts endorse the stock as a Hold with a rating of 2.9.
Waddell & Reed Financial (NYSE:WDR) has been rated by 5 research analysts. Fundamentally, the highest shorterm price forecast for the stock is expected to reach $29 and the lowest price target forecast is $19. The average forecast of all the analysts is $23.6 and the expected standard deviation is $3.97.
Company shares have received an average consensus rating of Hold for the current week
Waddell & Reed Financial (NYSE:WDR): On Tuesdays trading session , Opening price of the stock was $16.69 with an intraday high of $16.84. The bears continued to sell at higher levels and eventually sold the stock down to an intraday low of $16. However, the stock managed to close at $16.21, a loss of 0.86% for the day. On the previous day, the stock had closed at $16.35. The total traded volume of the day was 2,267,228 shares.
In an insider trading activity,The director of Waddell & Reed Financial Inc, Raines James M sold 3,000 shares at $44.96 on August 3, 2015. The Insider selling transaction had a total value worth of $134,880. The Insider information was disclosed with the Securities and Exchange Commission in a Form 4 filing.
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.