Waddell & Reed Financial, Inc. (NYSE:WDR) Given Price Target Of $22.8


As per Waddell & Reed Financial, Inc. (NYSE:WDR)’s news release on 2016-06-20, its shareholders will get cash dividend of $0.46 per share. The recent press release updated on the record date and payout date, which stands at 2016-07-11 and 2016-08-01, respectively.

The stock of Waddell & Reed Financial, Inc. (NYSE:WDR) will commence trading ex-dividend from 2016-07-07, until which the shareholders are compelled to keep the holdings so as to qualify for the dividend. Evaluating the dividend distribution mode, it was noted that last year Waddell & Reed Financial, Inc. (NYSE:WDR) disbursed $1.78 in dividend compared to distribution of $1.36, a year ago. It highlights a sharp difference in cash payouts of the two years. This shows a major deviation of 26.4706%.

The past track record of five years substantiates that the average payout of Waddell & Reed Financial, Inc. (NYSE:WDR) stands at $1.36, implying 17.4377% growth. The company recorded earnings of $0.8 a share in the preceding fiscal.

The interim price target for Waddell & Reed Financial, Inc. (NYSE:WDR) is set at $22.8. This level is the mean price reached by averaging the stock views of 5 analysts. All these are top brokerages of Wall Street and trail the company’s performance regularly. The best price estimate is seen at $29 and the lowest level is established at 17. This broad range highlights a standard deviation of $4.919 in reported estimates.

AlphaOne has allotted A sentiment score of -0.02 to Waddell & Reed Financial, Inc. (NYSE:WDR) while impact score assigned is 0 as on as on 2016-06-24.

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