Waddell & Reed Financial, Inc (NYSE:WDR) reported on Tuesday before market open that fiscal Q4 earnings moved up 33% as the asset-management company observed higher fees.
The Overland Park, Kansas based Waddell & Reed also sold its Legend Group investment planning business prior current month to First Allied Holdings Inc in an attempt to concentrate on its key unit.
The company booked a profit of $53.3 million or 62 cents per share in the fiscal fourth quarter, high from $40 million or 47 cents in the similar period previous year.
Earnings from continuing operations moved up to 61 cents per-share from 46 cents per-share in previous year. Total operating revenue moved up 11% to $302.9 million.
Thomson Reuters analysts survey most recently estimated EPS of 58 cents per share on $301 million of revenue.
Its competitors include Eaton Vance Corp (NYSE:EV) that rose 0.78% to $36.15 with the total traded volume of 185,279.00 shares and Facebook Inc (NASDAQ:FB) that dropped -3.29% to $31.40 with the total traded volume of 28.64 million shares.
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Waddell & Reed Financial, Inc (NYSE:WDR) stock’s trade at beginning with a price of $41.21 and the current trading session climbed at a high of $41.35 other than the stock finally advanced 2.89% to $39.22.
Shares price of WDR moved up from its 20 days moving average with 4.96% and remote positively from 50 days moving average with 12.54%. WDR current year earnings per share experienced an addition with 11.60% while its current quarter performance remained 23.61%.
WDR has a trade volume of 411,216.00 shares is lesser as compared to average trading capacity of 745,325.00 shares.
WDR last month stock price volatility remained 1.58%. In its share capital WDR has 85.47 million outstanding shares among them 83.70 million shares have been floated in market exchange. WDR stock institutional ownership remained 88.02% while insider ownership included 1.74%.
The stock is ahead its 52 week low with 55.75% and going forward from its 52 week high price with +0.08%. Company’s beta coefficient included 1.76. Beta factors measures the amount of market risk associated with market trade.
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