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.
Other Equity analysts have also commented on the company shares. Major Brokerage house, Bank of America downgrades its ratings on Waddell & Reed Financial (NYSE:WDR). According to the latest information available, the shares are now rated Underperform by the analysts at the agency. Previously, the analysts had a Neutral rating on the shares. The rating by the firm was issued on March 15, 2016.
Waddell & Reed Financial (NYSE:WDR): stock turned positive on Thursday. Though the stock opened at $18.76, the bulls momentum made the stock top out at $19.03 level for the day. The stock recorded a low of $18.55 and closed the trading day at $19.02, in the green by 4.05%. The total traded volume for the day was 2,810,843. The stock had closed at $18.28 in the previous days trading.
The company shares have dropped -62.32% from its 1 Year high price. On Jun 25, 2015, the shares registered one year high at $49.23 and the one year low was seen on Jun 21, 2016. The 50-Day Moving Average price is $19.85 and the 200 Day Moving Average price is recorded at $23.57. 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, 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.