Waddell & Reed Financial Inc (NYSE:WDR) Institutional Investor Sentiment Is 1.05

January 15, 2018 - By Jan Rainey

 Waddell & Reed Financial Inc (NYSE:WDR) Institutional Investor Sentiment Is 1.05

Sentiment for Waddell & Reed Financial Inc (NYSE:WDR)

Waddell & Reed Financial Inc (NYSE:WDR) institutional sentiment decreased to 1.05 in 2017 Q3. Its down -0.14, from 1.19 in 2017Q2. The ratio dived, as 88 institutional investors increased or started new equity positions, while 84 cut down and sold their equity positions in Waddell & Reed Financial Inc. The institutional investors in our partner’s database reported: 79.83 million shares, up from 79.13 million shares in 2017Q2. Also, the number of institutional investors holding Waddell & Reed Financial Inc in their top 10 equity positions was flat from 2 to 2 for the same number . Sold All: 20 Reduced: 64 Increased: 58 New Position: 30.

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 has market cap of $1.92 billion. The firm 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. It has a 16.51 P/E ratio. It also offers fee asset allocation investment advisory products to advisors channel customers; distributes business partnersÂ’ variable annuity products, and retirement and life insurance products to advisors channel customers; and sells life insurance and disability products underwritten by various carriers.

The stock increased 1.90% or $0.43 during the last trading session, reaching $23.08. About 1.13 million shares traded or 9.81% up from the average. Waddell & Reed Financial, Inc. (NYSE:WDR) has declined 11.92% since January 15, 2017 and is downtrending. It has underperformed by 28.62% the S&P500.

Analysts await Waddell & Reed Financial, Inc. (NYSE:WDR) to report earnings on January, 30. They expect $0.40 EPS, down 16.67 % or $0.08 from last year’s $0.48 per share. WDR’s profit will be $33.34 million for 14.43 P/E if the $0.40 EPS becomes a reality. After $0.45 actual EPS reported by Waddell & Reed Financial, Inc. for the previous quarter, Wall Street now forecasts -11.11 % negative EPS growth.

Sterneck Capital Management Llc holds 2.33% of its portfolio in Waddell & Reed Financial, Inc. for 202,076 shares. Continental Advisors Llc owns 441,702 shares or 2.03% of their US portfolio. Moreover, Van Berkom & Associates Inc. has 1.71% invested in the company for 2.37 million shares. The Nebraska-based Cwm Llc has invested 1.22% in the stock. Matarin Capital Management Llc, a Connecticut-based fund reported 498,464 shares.#img1#

Since January 1, 0001, it had 0 insider purchases, and 2 sales for $604,615 activity.

Waddell & Reed Financial, Inc. (NYSE:WDR) Ratings Coverage

Ratings analysis reveals 0 of Waddell & Reed Financial Inc.’s analysts are positive. Out of 9 Wall Street analysts rating Waddell & Reed Financial Inc., 0 give it “Buy”, 4 “Sell” rating, while 5 recommend “Hold”. The lowest target is $16 while the high is $49. The stock’s average target of $24 is 3.99% above today’s ($23.08) share price. WDR was included in 46 notes of analysts from August 27, 2015. Credit Suisse maintained the stock with “Underperform” rating in Wednesday, October 25 report. The rating was maintained by Keefe Bruyette & Woods on Monday, September 4 with “Hold”. The stock of Waddell & Reed Financial, Inc. (NYSE:WDR) has “Neutral” rating given on Thursday, September 3 by Susquehanna. As per Wednesday, June 28, the company rating was maintained by Jefferies. The stock of Waddell & Reed Financial, Inc. (NYSE:WDR) has “Underperform” rating given on Friday, August 11 by Credit Suisse. The rating was upgraded by Keefe Bruyette & Woods to “Mkt Perform” on Wednesday, June 14. Jefferies maintained Waddell & Reed Financial, Inc. (NYSE:WDR) on Monday, July 11 with “Hold” rating. The firm earned “Hold” rating on Wednesday, August 2 by Jefferies. On Thursday, April 13 the stock rating was maintained by Jefferies with “Hold”. On Wednesday, November 16 the stock rating was downgraded by Keefe Bruyette & Woods to “Underperform”.

More news for Waddell & Reed Financial, Inc. (NYSE:WDR) were recently published by: Reuters.com, which released: “BRIEF-Waddell & Reed Financial, Inc. Announces December 31, 2017 Assets Under …” on January 11, 2018. Businesswire.com‘s article titled: “Waddell & Reed Financial, Inc. Announces December 31, 2017 Assets Under Management” and published on January 11, 2018 is yet another important article.

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