Waddell & Reed Receives a Hold from Jefferies

In a report issued on July 11, Daniel Fannon from Jefferies reiterated a Hold rating on Waddell & Reed (NYSE: WDR), with a price target of $21. The company’s shares closed yesterday at $18.35, close to its 52-week low of $17.53.

According to, Fannon is a top 100 analyst with an average return of 15.9% and a 77.2% success rate. Fannon covers the Financial sector, focusing on stocks such as WisdomTree Investments, Gain Capital Holdings, and Federated Investors.

Waddell & Reed has an analyst consensus of Moderate Sell, with a price target consensus of $19.33.

See today’s analyst top recommended stocks >>

Waddell & Reed’s market cap is currently $1.52B and has a P/E ratio of 11.12. The company has a Price to Book ratio of 1.71.

Based on the recent corporate insider activity of 33 insiders, corporate insider sentiment is negative on the stock.

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.

From Our Partners