Waddell & Reed Financial, Inc. (NYSE:WDR) Director Alan W. Kosloff sold 25,076 shares of the business’s stock in a transaction that occurred on Thursday, August 3rd. The shares were sold at an average price of $19.40, for a total transaction of $486,474.40. Following the completion of the transaction, the director now directly owns 71,873 shares of the company’s stock, valued at approximately $1,394,336.20. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink.

Waddell & Reed Financial, Inc. (NYSE:WDR) traded up 1.74% during midday trading on Monday, reaching $19.93. 717,668 shares of the company were exchanged. Waddell & Reed Financial, Inc. has a 52-week low of $15.02 and a 52-week high of $22.45. The firm’s 50-day moving average price is $19.77 and its 200 day moving average price is $18.17. The stock has a market capitalization of $1.67 billion, a price-to-earnings ratio of 12.53 and a beta of 2.04.

Waddell & Reed Financial (NYSE:WDR) last posted its quarterly earnings results on Tuesday, August 1st. The asset manager reported $0.39 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.37 by $0.02. The business had revenue of $286.70 million during the quarter, compared to analyst estimates of $285.25 million. Waddell & Reed Financial had a net margin of 11.34% and a return on equity of 18.74%. The firm’s revenue was down 10.2% compared to the same quarter last year. During the same period in the prior year, the firm earned $0.59 earnings per share. Equities analysts predict that Waddell & Reed Financial, Inc. will post $1.47 earnings per share for the current year.

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, August 1st. Investors of record on Tuesday, July 11th were issued a $0.46 dividend. The ex-dividend date was Friday, July 7th. This represents a $1.84 dividend on an annualized basis and a yield of 9.23%. Waddell & Reed Financial’s dividend payout ratio is currently 115.72%.

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A number of institutional investors have recently added to or reduced their stakes in WDR. BlackRock Inc. increased its position in Waddell & Reed Financial by 23,010.1% in the first quarter. BlackRock Inc. now owns 16,672,997 shares of the asset manager’s stock worth $283,440,000 after buying an additional 16,600,851 shares in the last quarter. Vanguard Group Inc. increased its position in 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 buying an additional 374,949 shares in the last quarter. State Street Corp increased its position in Waddell & Reed Financial by 19.4% in the first quarter. State Street Corp now owns 3,481,236 shares of the asset manager’s stock worth $59,185,000 after buying an additional 565,584 shares in the last quarter. Van Berkom & Associates Inc. increased its position in Waddell & Reed Financial by 16.7% in the second quarter. Van Berkom & Associates Inc. now owns 2,373,900 shares of the asset manager’s stock worth $44,819,000 after buying an additional 339,158 shares in the last quarter. Finally, Schroder Investment Management Group increased its position in Waddell & Reed Financial by 24.4% in the first quarter. Schroder Investment Management Group now owns 2,164,833 shares of the asset manager’s stock worth $36,802,000 after buying an additional 424,885 shares in the last quarter. Hedge funds and other institutional investors own 93.99% of the company’s stock.

WDR has been the subject of a number of recent analyst reports. Jefferies Group LLC restated a “hold” rating and issued a $19.00 target price (down from $20.00) on shares of Waddell & Reed Financial in a report on Wednesday, August 2nd. Zacks Investment Research upgraded shares of Waddell & Reed Financial from a “sell” rating to a “hold” rating in a report on Monday, April 10th. Keefe, Bruyette & Woods upgraded shares of Waddell & Reed Financial from an “underperform” rating to a “market perform” rating and boosted their target price for the company from $16.50 to $17.75 in a report on Wednesday, June 14th. Royal Bank Of Canada initiated coverage on shares of Waddell & Reed Financial in a report on Thursday, June 29th. They issued an “underperform” rating and a $17.00 target price for the company. Finally, Morgan Stanley restated an “underweight” rating and issued a $15.00 target price (up from $14.00) on shares of Waddell & Reed Financial in a report on Monday, July 10th. Five analysts have rated the stock with a sell rating, three have issued a hold rating and two have issued a buy rating to the company. Waddell & Reed Financial currently has an average rating of “Hold” and an average price target of $17.81.

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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