Waddell & Reed Financial, Inc. (WDR) Director Alan W. Kosloff Sells 19,178 Shares

Waddell & Reed Financial, Inc. (NYSE:WDR) Director Alan W. Kosloff sold 19,178 shares of Waddell & Reed Financial stock in a transaction 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 completion of the transaction, the director now directly owns 52,695 shares of the company’s stock, valued at approximately $1,044,414.90. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link.

Waddell & Reed Financial, Inc. (NYSE:WDR) opened at $21.46 on Friday. The company has a debt-to-equity ratio of 0.11, a quick ratio of 1.14 and a current ratio of 3.02. Waddell & Reed Financial, Inc. has a 52 week low of $16.11 and a 52 week high of $22.45. The company has a market cap of $1,759.13, a PE ratio of 12.34 and a beta of 2.10.

Waddell & Reed Financial (NYSE:WDR) last issued its earnings results on Tuesday, October 24th. The asset manager reported $0.45 EPS for the quarter, topping analysts’ consensus estimates 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 company had revenue of $289.45 million for the quarter, compared to the consensus estimate of $285.30 million. During the same period in the previous year, the firm earned $0.65 earnings per share. Waddell & Reed Financial’s quarterly revenue was down 4.5% compared to the same quarter last year. equities analysts predict that Waddell & Reed Financial, Inc. will post 1.52 EPS for the current fiscal year.

The business also recently declared a quarterly dividend, which will be paid on Thursday, February 1st. Stockholders of record on Thursday, January 11th will be paid a $0.25 dividend. This represents a $1.00 dividend on an annualized basis and a dividend yield of 4.66%. The ex-dividend date of this dividend is Wednesday, January 10th. Waddell & Reed Financial’s dividend payout ratio (DPR) is 132.38%.

WDR has been the topic of a number of recent research reports. Credit Suisse Group lowered 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 report on Friday, August 11th. BidaskClub lowered shares of Waddell & Reed Financial from a “hold” rating to a “sell” rating in a research report on Saturday, August 19th. ValuEngine lowered shares of Waddell & Reed Financial from a “buy” rating to a “hold” rating in a research report on Wednesday, September 6th. Zacks Investment Research lowered shares of Waddell & Reed Financial from a “buy” rating to a “hold” rating and set a $23.00 price target on the stock. in a research report on Thursday, October 12th. Finally, Bank of America boosted their price target on shares of Waddell & Reed Financial from $17.00 to $18.00 and gave the stock an “underperform” rating in a research report on Wednesday, October 25th. Six equities research analysts have rated the stock with a sell rating, three have given a hold rating and one has assigned a buy rating to the stock. The stock currently has a consensus rating of “Hold” and an average target price of $19.00.

Several institutional investors have recently added to or reduced their stakes in WDR. Teachers Advisors LLC raised its stake in shares of Waddell & Reed Financial by 5.9% in the 1st quarter. Teachers Advisors LLC now owns 148,404 shares of the asset manager’s stock valued at $2,523,000 after acquiring an additional 8,226 shares during the period. Thrivent Financial For Lutherans raised its stake in shares of Waddell & Reed Financial by 12.8% in the 1st quarter. Thrivent Financial For Lutherans now owns 16,030 shares of the asset manager’s stock valued at $273,000 after acquiring an additional 1,820 shares during the period. Vanguard Group Inc. raised its stake in shares of Waddell & Reed Financial by 5.8% in the 1st quarter. Vanguard Group Inc. now owns 6,814,895 shares of the asset manager’s stock valued at $115,853,000 after acquiring an additional 374,949 shares during the period. Dimensional Fund Advisors LP raised its stake 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 acquiring an additional 1,091,695 shares during the period. Finally, Teachers Retirement System of The State of Kentucky raised its stake in shares of Waddell & Reed Financial by 10.5% in the 1st quarter. Teachers Retirement System of The State of Kentucky now owns 22,540 shares of the asset manager’s stock valued at $383,000 after acquiring an additional 2,140 shares during the period. 97.45% of the stock is currently owned by institutional investors and hedge funds.

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Waddell & Reed Financial Company Profile

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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