Shares of Waddell & Reed Financial (NYSE:WDR) moved higher by 0.0% in pre-market trading after the company reported Q4 results.
Quarterly Results
Earnings per share were down 19.61% over the past year to $0.41, which missed the estimate of $0.46.
Revenue of $278,060,000 higher by 2.96% from the same period last year, which beat the estimate of $270,750,000.
Guidance
Earnings guidance hasn't been issued by the company for now.
Revenue guidance hasn't been issued by the company for now.
Price Action
52-week high: $25.90
52-week low: $9.87
Price action over last quarter: Up 62.90%
Company Overview
Waddell & Reed is a midsize asset manager that had $66.2 billion in assets under management at the end of October 2020. The firm provides investment services for individual and institutional investors. Retail distribution, which accounts for 95% of managed assets, is handled through the company's own registered investment advisors (59% of AUM) and third-party broker/dealers and advisors (36%) in the wholesale channel. Equity-driven strategies account for an estimated 78% of total AUM, with fixed-income (20%) and money market (2%) offerings accounting for the remainder. The company has no discernible reach outside the United States.
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