Waddell & Reed Financial, Inc. (WDR) CMO Thomas W. Butch Sells 5,000 Shares of Stock

Waddell & Reed Financial, Inc. (NYSE:WDR) CMO Thomas W. Butch sold 5,000 shares of Waddell & Reed Financial stock in a transaction that occurred on Thursday, November 9th. The shares were sold at an average price of $19.26, for a total transaction of $96,300.00. Following the completion of the transaction, the chief marketing officer now directly owns 248 shares in the company, valued at approximately $4,776.48. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link.

Shares of Waddell & Reed Financial, Inc. (NYSE:WDR) opened at $19.10 on Tuesday. The company has a quick ratio of 1.14, a current ratio of 3.02 and a debt-to-equity ratio of 0.11. The company has a market cap of $1,616.56, a price-to-earnings ratio of 11.34 and a beta of 2.09. Waddell & Reed Financial, Inc. has a 1 year low of $16.11 and a 1 year high of $22.45.

Waddell & Reed Financial (NYSE:WDR) last announced its quarterly earnings data on Tuesday, October 24th. The asset manager reported $0.45 EPS for the quarter, topping the Zacks’ consensus estimate of $0.41 by $0.04. The business had revenue of $289.45 million for the quarter, compared to analyst estimates of $285.30 million. Waddell & Reed Financial had a net margin of 10.10% and a return on equity of 16.81%. The firm’s revenue for the quarter was down 4.5% on a year-over-year basis. During the same quarter in the previous year, the firm posted $0.65 earnings per share. research analysts forecast that Waddell & Reed Financial, Inc. will post 1.52 EPS for the current year.

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, February 1st. Stockholders of record on Thursday, January 11th will be given a $0.25 dividend. This represents a $1.00 dividend on an annualized basis and a dividend yield of 5.24%. The ex-dividend date is Wednesday, January 10th. Waddell & Reed Financial’s dividend payout ratio is presently 132.38%.

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A number of research analysts have weighed in on the stock. BidaskClub lowered shares of Waddell & Reed Financial from a “buy” rating to a “hold” rating in a research note on Friday, August 11th. Keefe, Bruyette & Woods reaffirmed a “hold” rating and issued a $20.00 price target on shares of Waddell & Reed Financial in a research note on Thursday, August 3rd. Credit Suisse Group cut their price target on shares of Waddell & Reed Financial from $19.00 to $18.00 and set an “underperform” rating on the stock in a research note on Friday, August 11th. Royal Bank Of Canada set a $18.00 price target on shares of Waddell & Reed Financial and gave the company a “sell” rating in a research note on Wednesday, October 18th. Finally, Jefferies Group LLC reaffirmed a “hold” rating and issued a $19.00 price target (down previously from $20.00) on shares of Waddell & Reed Financial in a research note on Wednesday, August 2nd. Six investment analysts have rated the stock with a sell rating, three have given a hold rating and one has given a buy rating to the company. Waddell & Reed Financial currently has an average rating of “Hold” and an average price target of $19.00.

Several hedge funds have recently made changes to their positions in WDR. Principal Financial Group Inc. lifted its position in shares of Waddell & Reed Financial by 0.3% in the first quarter. Principal Financial Group Inc. now owns 330,247 shares of the asset manager’s stock worth $5,614,000 after purchasing an additional 1,033 shares in the last quarter. Teachers Advisors LLC lifted its position in shares of Waddell & Reed Financial by 5.9% in the first quarter. Teachers Advisors LLC now owns 148,404 shares of the asset manager’s stock worth $2,523,000 after purchasing an additional 8,226 shares in the last quarter. Legal & General Group Plc lifted its position in shares of Waddell & Reed Financial by 12.5% in the first quarter. Legal & General Group Plc now owns 109,993 shares of the asset manager’s stock worth $1,870,000 after purchasing an additional 12,232 shares in the last quarter. Thrivent Financial For Lutherans lifted its position in shares of Waddell & Reed Financial by 12.8% in the first quarter. Thrivent Financial For Lutherans now owns 16,030 shares of the asset manager’s stock worth $273,000 after purchasing an additional 1,820 shares in the last quarter. Finally, Vanguard Group Inc. lifted its position in shares of Waddell & Reed Financial by 5.8% in the first quarter. Vanguard Group Inc. now owns 6,814,895 shares of the asset manager’s stock worth $115,853,000 after purchasing an additional 374,949 shares in the last quarter. 97.43% of the stock is currently owned by institutional investors and hedge funds.

About Waddell & Reed Financial

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.

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