Waddell & Reed Financial (WDR) : Zacks Investment Research ranks Waddell & Reed Financial (WDR) as 3, which is a Hold recommendation. 1 research analysts consider that the stocks fundamentals point to a bright future, hence they rate the stock as a Strong Buy. 1 other analysts are mildly bullish on the stock and favor a Buy. Not everyone is convinced about the stocks future, hence, the stock receives 1 Sell recommendation. 1 more believe that the stock has more downside risks, hence they propose a Strong Sell. A total of 2 analysts believe that the stock has a limited upside, hence they advise a Hold. The average broker rating of 6 research analysts is 2.88, which indicates as a Hold.
Waddell & Reed Financial (WDR) : 5 investment research analysts covering Waddell & Reed Financial (WDR) have an average price target of $20.8 for the near short term. The highest target price given by the Brokerage Firm to the stock is $26 and the lowest target is $17 for the short term. Analysts expect the variance to be within $4.76 of the average price.
Company shares have received an average consensus rating of Hold for the current week Waddell & Reed Financial (NYSE:WDR): During Thursdays trading session, Bulls were in full control of the stock right from the opening. The stock opened at $19.15 and $19.06 proved to be the low of the day. Continuous buying at higher levels pushed the stock towards an intraday high of $19.31. The buying momentum continued till the end and the stock did not give up its gains. It closed at $19.21, notching a gain of 0.79% for the day. The total traded volume was 725,006 . The stock had closed at $19.06 on the previous day.
In a related news,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.