California State Teachers Retirement System Reduces Position in Waddell & Reed Financial, Inc. (WDR)

California State Teachers Retirement System trimmed its holdings in shares of Waddell & Reed Financial, Inc. (NYSE:WDR) by 5.1% in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 136,611 shares of the asset manager’s stock after selling 7,405 shares during the quarter. California State Teachers Retirement System owned 0.16% of Waddell & Reed Financial worth $2,742,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds also recently bought and sold shares of WDR. Riverhead Capital Management LLC lifted its holdings in shares of Waddell & Reed Financial by 79.0% during the second quarter. Riverhead Capital Management LLC now owns 6,624 shares of the asset manager’s stock worth $125,000 after purchasing an additional 2,924 shares during the period. Flinton Capital Management LLC lifted its holdings in shares of Waddell & Reed Financial by 80.3% during the second quarter. Flinton Capital Management LLC now owns 9,010 shares of the asset manager’s stock worth $170,000 after purchasing an additional 4,012 shares during the period. C M Bidwell & Associates Ltd. acquired a new stake in shares of Waddell & Reed Financial during the second quarter worth about $173,000. CIBC World Markets Inc. acquired a new stake in shares of Waddell & Reed Financial during the second quarter worth about $205,000. Finally, Chicago Equity Partners LLC acquired a new stake in shares of Waddell & Reed Financial during the third quarter worth about $205,000. Institutional investors own 95.95% of the company’s stock.

In other Waddell & Reed Financial news, Director Jerry W. Walton sold 5,792 shares of the stock in a transaction dated Thursday, February 1st. The stock was sold at an average price of $22.95, for a total value of $132,926.40. Following the sale, the director now owns 81,332 shares of the company’s stock, valued at approximately $1,866,569.40. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, CMO Thomas W. Butch sold 5,000 shares of the stock in a transaction dated Thursday, November 9th. The shares were sold at an average price of $19.26, for a total value of $96,300.00. Following the completion of the sale, the chief marketing officer now directly owns 248 shares in the company, valued at approximately $4,776.48. The disclosure for this sale can be found here. In the last three months, insiders have sold 106,411 shares of company stock worth $2,325,539. 3.80% of the stock is owned by corporate insiders.

WDR has been the subject of a number of analyst reports. Zacks Investment Research downgraded Waddell & Reed Financial from a “buy” rating to a “hold” rating and set a $24.00 price target for the company. in a report on Saturday, January 6th. Keefe, Bruyette & Woods reissued a “hold” rating and issued a $23.00 price target on shares of Waddell & Reed Financial in a report on Friday, December 22nd. Royal Bank of Canada reaffirmed a “sell” rating and set a $20.00 target price on shares of Waddell & Reed Financial in a research note on Wednesday. Jefferies Group reaffirmed a “hold” rating and set a $23.00 target price on shares of Waddell & Reed Financial in a research note on Thursday, January 11th. Finally, Credit Suisse Group upped their target price on Waddell & Reed Financial from $18.00 to $19.00 and gave the stock an “underperform” rating in a research note on Wednesday, October 25th. Six equities research analysts have rated the stock with a sell rating, four have given a hold rating and one has issued a buy rating to the company. The company currently has a consensus rating of “Hold” and an average price target of $20.67.

Shares of Waddell & Reed Financial, Inc. (NYSE:WDR) traded down $1.62 during trading hours on Friday, reaching $21.77. The company’s stock had a trading volume of 1,814,486 shares, compared to its average volume of 1,030,639. The stock has a market cap of $1,800.38, a PE ratio of 12.73 and a beta of 2.00. 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, Inc. has a 12 month low of $16.11 and a 12 month high of $23.82.

Waddell & Reed Financial (NYSE:WDR) last released its quarterly earnings results on Tuesday, January 30th. The asset manager reported $0.48 earnings per share for the quarter, topping analysts’ consensus estimates of $0.45 by $0.03. Waddell & Reed Financial had a return on equity of 16.72% and a net margin of 10.72%. The business had revenue of $294.48 million during the quarter, compared to analysts’ expectations of $286.55 million. During the same period in the prior year, the business posted $0.43 EPS. The company’s revenue was up .5% compared to the same quarter last year. analysts predict that Waddell & Reed Financial, Inc. will post 2.07 EPS for the current year.

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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.

Institutional Ownership by Quarter for Waddell & Reed Financial (NYSE:WDR)

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