4 Reasons To Add Waddell & Reed (WDR) To Your Portfolio Now
Zacks Investment Research | Mar 21, 2018 10:47PM ET
It seems to be a wise idea to add Waddell & Reed Financial, Inc. (NYSE:WDR) stock to your portfolio now, given its underlying strength and solid growth prospects. It has been making various efforts to improve efficiency and optimize its operations.
Moreover, its investment in the Retail Broker-Dealer channel, by providing additional support to its advisors through training opportunities and enhanced technology tools, is expected to boost revenues and assets under management (AUM) in future.
Also, the company’s Zacks Consensus Estimate for the current-year earnings has been revised 6.2% upward over the last 30 days, reflecting analysts’ optimism regarding its earnings growth potential. Thus, the stock currently sports a Zacks Rank #1 (Strong Buy).
While shares of the company have gained 22% in the past year, slightly underperforming the Zacks Investment Research
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