In a report released today, William Katz from Citigroup maintained a Hold rating on Waddell & Reed (NYSE: WDR), with a price target of $18. The company’s shares closed yesterday at $18.51.
According to TipRanks.com, Katz is a 4-star analyst with an average return of 4.7% and a 58.9% success rate. Katz covers the Financial sector, focusing on stocks such as Apollo Global Management LLC, WisdomTree Investments, and Affiliated Managers.
Waddell & Reed has an analyst consensus of Hold, with a price target consensus of $22.
Find more picks by Best Performing Analysts >>
Based on Waddell & Reed’s latest earnings report for the quarter ending March 31, the company posted quarterly revenue of $298 million and quarterly net profit of $46.34 million. In comparison, last year the company earned revenue of $287 million and had a net profit of $33.06 million.
TipRanks has tracked 36,000 company insiders and found that a few of them are better than others when it comes to timing their transactions. See which 3 stocks are most likely to make moves following their insider activities.
Waddell & Reed Financial, Inc. provides investment advisory, investment management, investment product underwriting, distribution and administrative services. It operates through distinct distribution business channels: Advisors channel, Wholesale channel and Institutional channel.
