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ValuEngine upgraded Waddell & Reed Financial, Inc. (NYSE:WDR) to Buy in a report released today.

ValuEngine has upgraded Waddell & Reed Financial, Inc. (NYSE:WDR) to Buy in a report released on Tuesday June 20, 2017.

Just yesterday Waddell & Reed Financial, Inc. (NYSE:WDR) traded -0.77% lower at $19.05. Waddell & Reed Financial, Inc.’s 50-day moving average is $18.79 and its 200-day moving average is $18.23. The last stock price is up -0.67% from the 200-day moving average, compared to the Standard & Poor's 500 Index which has increased 0.04% over the same time period. 1,672,484 shares of WDR traded hands, up from an average trading volume of 1,016,490

Recent Performance Chart

Waddell & Reed Financial, Inc. (NYSE:WDR)

Waddell & Reed Financial, Inc. has 52 week low of $15.02 and a 52 week high of $22.45 with a PE ratio of 11.38 and has a market capitalization of $0.

In addition to ValuEngine reporting its stock price target, a total of 10 brokerages have issued a ratings update on the company. The average stock price target is $22.10 with 0 brokerages rating the stock a strong buy, 2 brokerages rating the stock a buy, 6 brokerages rating the stock a hold, 3 brokerages rating the stock a underperform, and finally 1 brokerage rating the stock a sell.

Brief Synopsis On Waddell & Reed Financial, Inc. (NYSE:WDR)

Waddell & Reed Financial, Inc., incorporated on December 24, 1981, is a holding company. The Company 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 (the Advisors Funds), Ivy Funds, Ivy Funds Variable Insurance Portfolios (Ivy Funds VIP), InvestEd Portfolios and 529 college savings plan (collectively, the Funds), and the Ivy Global Investors Fund SICAV (the SICAV) and its Ivy Global Investors sub-funds (the IGI Funds), and institutional and separately managed accounts. The Company operates its business through a distribution network. Its retail products are distributed through third parties, such as other broker-dealers, registered investment advisors and various retirement platforms or through associated independent contractor financial advisors.

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