Victory Capital Management Inc. Has $1.72 Million Stake in Waddell & Reed Financial, Inc. (NYSE:WDR)

Victory Capital Management Inc. reduced its position in Waddell & Reed Financial, Inc. (NYSE:WDR) by 67.3% in the 3rd quarter, according to its most recent filing with the SEC. The firm owned 115,593 shares of the asset manager’s stock after selling 237,518 shares during the period. Victory Capital Management Inc. owned 0.18% of Waddell & Reed Financial worth $1,717,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Dupont Capital Management Corp acquired a new stake in shares of Waddell & Reed Financial in the 3rd quarter valued at $595,000. Robeco Institutional Asset Management B.V. lifted its holdings in Waddell & Reed Financial by 51.6% during the third quarter. Robeco Institutional Asset Management B.V. now owns 722,838 shares of the asset manager’s stock worth $10,735,000 after acquiring an additional 246,189 shares in the last quarter. Russell Investments Group Ltd. lifted its holdings in Waddell & Reed Financial by 8.4% during the second quarter. Russell Investments Group Ltd. now owns 463,107 shares of the asset manager’s stock worth $7,179,000 after acquiring an additional 35,901 shares in the last quarter. UBS Group AG lifted its holdings in Waddell & Reed Financial by 155.2% during the second quarter. UBS Group AG now owns 119,743 shares of the asset manager’s stock worth $1,857,000 after acquiring an additional 72,819 shares in the last quarter. Finally, Barclays PLC lifted its holdings in Waddell & Reed Financial by 12.8% during the second quarter. Barclays PLC now owns 97,842 shares of the asset manager’s stock worth $1,518,000 after acquiring an additional 11,124 shares in the last quarter.

Shares of NYSE WDR opened at $25.59 on Friday. The business’s 50 day moving average price is $16.61 and its two-hundred day moving average price is $15.45. The company has a market cap of $1.60 billion, a PE ratio of 18.41 and a beta of 1.44. Waddell & Reed Financial, Inc. has a twelve month low of $9.87 and a twelve month high of $25.63.

Waddell & Reed Financial (NYSE:WDR) last posted its earnings results on Tuesday, October 27th. The asset manager reported $0.48 EPS for the quarter, beating the consensus estimate of $0.41 by $0.07. Waddell & Reed Financial had a return on equity of 14.57% and a net margin of 9.17%. The company had revenue of $267.70 million for the quarter, compared to the consensus estimate of $262.62 million. During the same quarter in the prior year, the business earned $0.46 earnings per share. The firm’s revenue for the quarter was down 1.1% on a year-over-year basis. Equities analysts forecast that Waddell & Reed Financial, Inc. will post 1.49 EPS for the current fiscal year.

Several research analysts have weighed in on WDR shares. Zacks Investment Research lowered Waddell & Reed Financial from a “strong-buy” rating to a “hold” rating and set a $16.50 target price on the stock. in a report on Wednesday, September 9th. Morgan Stanley boosted their price target on Waddell & Reed Financial from $13.00 to $14.00 and gave the company an “underweight” rating in a report on Friday, October 9th. Finally, ValuEngine lowered Waddell & Reed Financial from a “sell” rating to a “strong sell” rating in a report on Tuesday. Four investment analysts have rated the stock with a sell rating and two have issued a hold rating to the company’s stock. The stock has an average rating of “Sell” and a consensus price target of $14.50.

Waddell & Reed Financial Company Profile

Waddell & Reed Financial, Inc, through its subsidiaries, provides investment management and advisory, investment product underwriting and distribution, and shareholder services administration to mutual funds, and institutional and separately managed accounts in the United States. The company acts as an investment adviser for institutional and other private investors, and provides sub advisory services to other investment companies; and underwrites and distributes registered open-end mutual fund portfolios.

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

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