Waddell & Reed Financial, Inc. (WDR) Reaches $23.08 52-Week High; Chemed (CHE) Shorts Lowered By 16.9%

January 14, 2018 - By whatsonthorold

The stock of Waddell & Reed Financial, Inc. (NYSE:WDR) hit a new 52-week high and has $25.16 target or 9.00% above today’s $23.08 share price. The 8 months bullish chart indicates low risk for the $1.92B company. The 1-year high was reported on Jan, 14 by Barchart.com. If the $25.16 price target is reached, the company will be worth $173.16 million more. The stock increased 1.90% or $0.43 during the last trading session, reaching $23.08. About 1.13 million shares traded or 9.81% up from the average. Waddell & Reed Financial, Inc. (NYSE:WDR) has declined 11.92% since January 14, 2017 and is downtrending. It has underperformed by 28.62% the S&P500.

Chemed Corporation (NYSE:CHE) had a decrease of 16.9% in short interest. CHE’s SI was 1.13 million shares in January as released by FINRA. Its down 16.9% from 1.36M shares previously. With 98,600 avg volume, 12 days are for Chemed Corporation (NYSE:CHE)’s short sellers to cover CHE’s short positions. The SI to Chemed Corporation’s float is 7.12%. The stock decreased 0.74% or $1.95 during the last trading session, reaching $262.16. About 97,510 shares traded. Chemed Corporation (NYSE:CHE) has risen 54.48% since January 14, 2017 and is uptrending. It has outperformed by 37.78% the S&P500.

Investors sentiment decreased to 1.05 in 2017 Q3. Its down 0.14, from 1.19 in 2017Q2. It dropped, as 20 investors sold Waddell & Reed Financial, Inc. shares while 64 reduced holdings. 30 funds opened positions while 58 raised stakes. 79.83 million shares or 0.88% more from 79.13 million shares in 2017Q2 were reported. Valley National Advisers invested 0.17% in Waddell & Reed Financial, Inc. (NYSE:WDR). Piedmont Investment Ltd Liability Co holds 18,208 shares. 16,134 are held by Gargoyle Advisor Limited Com. Prudential Financial invested in 390,126 shares or 0.01% of the stock. Arizona State Retirement Sys reported 43,400 shares. Utd Service Automobile Association accumulated 44,250 shares or 0% of the stock. Ubs Asset Americas owns 99,268 shares for 0% of their portfolio. Citigroup Inc has 77,115 shares. Dimensional Fund Advsrs Lp holds 0.03% in Waddell & Reed Financial, Inc. (NYSE:WDR) or 2.95M shares. Invesco Limited reported 0.03% of its portfolio in Waddell & Reed Financial, Inc. (NYSE:WDR). First L P accumulated 542,018 shares. Northwestern Mutual Wealth Mngmt Co has invested 0% in Waddell & Reed Financial, Inc. (NYSE:WDR). Van Berkom And Assoc invested in 1.71% or 2.37M shares. Gamco Invsts Inc Et Al has invested 0.22% in Waddell & Reed Financial, Inc. (NYSE:WDR). 380 are owned by Fny Managed Accounts Limited Com.

Waddell & Reed Financial, Inc., through its subsidiaries, provides investment management and advisory, investment product underwriting and distribution, and shareholder services administration to mutual funds, and institutional and separately managed accounts in the United States. The company has market cap of $1.92 billion. The firm acts as an investment adviser for institutional and other private investors, and provides sub advisory services to other investment companies; and underwrites and distributes registered open-end mutual fund portfolios. It has a 16.51 P/E ratio. It also offers fee asset allocation investment advisory products to advisors channel customers; distributes business partnersÂ’ variable annuity products, and retirement and life insurance products to advisors channel customers; and sells life insurance and disability products underwritten by various carriers.

Among 9 analysts covering Waddell & Reed Financial Inc. (NYSE:WDR), 0 have Buy rating, 4 Sell and 5 Hold. Therefore 0 are positive. Waddell & Reed Financial Inc. has $49 highest and $16 lowest target. $24’s average target is 3.99% above currents $23.08 stock price. Waddell & Reed Financial Inc. had 46 analyst reports since August 27, 2015 according to SRatingsIntel. The company was downgraded on Monday, September 21 by Morgan Stanley. As per Wednesday, January 6, the company rating was maintained by RBC Capital Markets. The company was maintained on Thursday, December 21 by Keefe Bruyette & Woods. The firm earned “Neutral” rating on Thursday, September 3 by Susquehanna. On Wednesday, January 10 the stock rating was maintained by Jefferies with “Hold”. Keefe Bruyette & Woods maintained the stock with “Hold” rating in Tuesday, August 1 report. The stock has “Mkt Perform” rating by Keefe Bruyette & Woods on Wednesday, June 14. The rating was maintained by Credit Suisse with “Underperform” on Wednesday, October 25. Jefferies maintained it with “Hold” rating and $18 target in Monday, July 11 report. Keefe Bruyette & Woods maintained Waddell & Reed Financial, Inc. (NYSE:WDR) on Monday, September 4 with “Hold” rating.

Analysts await Waddell & Reed Financial, Inc. (NYSE:WDR) to report earnings on January, 30. They expect $0.40 earnings per share, down 16.67% or $0.08 from last year’s $0.48 per share. WDR’s profit will be $33.34M for 14.43 P/E if the $0.40 EPS becomes a reality. After $0.45 actual earnings per share reported by Waddell & Reed Financial, Inc. for the previous quarter, Wall Street now forecasts -11.11% negative EPS growth.

Since August 3, 2017, it had 0 insider purchases, and 2 selling transactions for $604,615 activity. Clouse Benjamin R sold 5,903 shares worth $118,141. Another trade for 25,076 shares valued at $486,474 was sold by KOSLOFF ALAN W.

Since September 1, 2017, it had 0 insider purchases, and 4 selling transactions for $2.70 million activity. 500 shares valued at $100,740 were sold by GRACE PATRICK P on Monday, October 2. Shares for $197,460 were sold by LEE SPENCER S. 750 shares were sold by Dallob Naomi C, worth $166,568 on Monday, October 30. Another trade for 10,000 shares valued at $2.23M was made by MCNAMARA KEVIN J on Monday, October 30.

Chemed Corporation provides hospice and palliative care services in the United States. The company has market cap of $4.19 billion. It operates through two divisions, VITAS and Roto-Rooter. It has a 57.78 P/E ratio. The firm offers its services to patients through a network of physicians, registered nurses, home health aides, social workers, clergy, and volunteers.

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