Waddell & Reed Financial, Inc. (NYSE:WDR) Director Alan W. Kosloff sold 19,178 shares of the business’s stock in a transaction that occurred on Monday, November 20th. The shares were sold at an average price of $19.82, for a total transaction of $380,107.96. Following the transaction, the director now directly owns 52,695 shares of the company’s stock, valued at $1,044,414.90. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink.
Shares of Waddell & Reed Financial, Inc. (NYSE WDR) traded up $0.38 on Wednesday, hitting $19.20. 934,200 shares of the stock traded hands, compared to its average volume of 1,257,776. Waddell & Reed Financial, Inc. has a 1-year low of $16.11 and a 1-year high of $22.45. The stock has a market capitalization of $1,569.04, a P/E ratio of 11.01 and a beta of 2.09. The company has a current ratio of 3.02, a quick ratio of 1.14 and a debt-to-equity ratio of 0.11.
Waddell & Reed Financial (NYSE:WDR) last announced its earnings results on Tuesday, October 24th. The asset manager reported $0.45 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.41 by $0.04. Waddell & Reed Financial had a net margin of 10.10% and a return on equity of 16.81%. The business had revenue of $289.45 million for the quarter, compared to the consensus estimate of $285.30 million. During the same quarter in the prior year, the firm posted $0.65 earnings per share. The business’s revenue for the quarter was down 4.5% on a year-over-year basis. sell-side analysts forecast that Waddell & Reed Financial, Inc. will post 1.52 EPS for the current year.
The business also recently declared a quarterly dividend, which will be paid on Thursday, February 1st. Investors of record on Thursday, January 11th will be paid a $0.25 dividend. This represents a $1.00 annualized dividend and a yield of 5.21%. 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 hedge funds have recently bought and sold shares of WDR. FMR LLC grew its holdings in Waddell & Reed Financial by 73.2% during the 2nd quarter. FMR LLC now owns 4,856,894 shares of the asset manager’s stock worth $91,698,000 after acquiring an additional 2,052,378 shares in the last quarter. Dimensional Fund Advisors LP boosted its holdings in shares of Waddell & Reed Financial by 119.7% in the 1st quarter. Dimensional Fund Advisors LP now owns 2,003,501 shares of the asset manager’s stock valued at $34,059,000 after buying an additional 1,091,695 shares in the last quarter. Vanguard Group Inc. boosted its holdings in shares of Waddell & Reed Financial by 11.5% in the 2nd quarter. Vanguard Group Inc. now owns 7,596,348 shares of the asset manager’s stock valued at $143,419,000 after buying an additional 781,453 shares in the last quarter. Schroder Investment Management Group boosted its holdings in shares of Waddell & Reed Financial by 35.4% in the 2nd quarter. Schroder Investment Management Group now owns 2,930,633 shares of the asset manager’s stock valued at $56,209,000 after buying an additional 765,800 shares in the last quarter. Finally, Capital World Investors boosted its holdings in shares of Waddell & Reed Financial by 64.4% in the 2nd quarter. Capital World Investors now owns 1,850,000 shares of the asset manager’s stock valued at $34,928,000 after buying an additional 725,000 shares in the last quarter. 96.81% of the stock is currently owned by institutional investors.
A number of analysts have commented on WDR shares. BidaskClub cut shares of Waddell & Reed Financial from a “strong-buy” rating to a “buy” rating in a report on Tuesday, July 25th. Royal Bank Of Canada set a $18.00 target price on shares of Waddell & Reed Financial and gave the company a “sell” rating in a report on Wednesday, August 2nd. Jefferies Group LLC reaffirmed a “hold” rating and set a $19.00 target price (down from $20.00) on shares of Waddell & Reed Financial in a report on Wednesday, August 2nd. Keefe, Bruyette & Woods reaffirmed a “hold” rating and set a $20.00 target price on shares of Waddell & Reed Financial in a report on Thursday, August 3rd. Finally, Credit Suisse Group reduced their target price on shares of Waddell & Reed Financial from $19.00 to $18.00 and set an “underperform” rating for the company in a report on Friday, August 11th. Six investment analysts have rated the stock with a sell rating, three have assigned a hold rating and one has issued a buy rating to the company’s stock. Waddell & Reed Financial currently has an average rating of “Hold” and an average target price of $19.00.
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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