Waddell & Reed Financial, Inc. Reports Fourth Quarter Results
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Piper Jaffray Remains Sidelined on Waddell & Reed Financial (WDR) Despite Compelling Valuation
February 3, 2016 8:30 AM ESTPiper Jaffray maintained a Neutral rating on Waddell & Reed (NYSE: WDR), and cut the price target to $28.00 (from $37.00), following the company's 4Q earnings report. While valuation is very compelling, particularly when factoring in the level of excess capital on the balance sheet, Piper Jaffray remains... More
Waddell & Reed Financial (WDR) Tops Q4 EPS by 1c
February 2, 2016 6:46 AM ESTWaddell & Reed Financial (NYSE: WDR) reported Q4 EPS of $0.76, $0.01 better than the analyst estimate of $0.75. Revenue for the quarter came in at $390.4 million versus the consensus estimate of $350.27 million.
Assets under management ended the year at $104 billion; down 2% during the quarter as... More
