AMP Capital Investors Ltd Sells 5,100 Shares of Waddell & Reed Financial, Inc. (NYSE:WDR)

AMP Capital Investors Ltd decreased its stake in shares of Waddell & Reed Financial, Inc. (NYSE:WDR) by 8.5% in the 3rd quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 54,667 shares of the asset manager’s stock after selling 5,100 shares during the period. AMP Capital Investors Ltd owned 0.07% of Waddell & Reed Financial worth $1,097,000 at the end of the most recent reporting period.

Several other large investors have also made changes to their positions in WDR. Engineers Gate Manager LP acquired a new position in shares of Waddell & Reed Financial during the third quarter worth about $1,736,000. Dimensional Fund Advisors LP lifted its stake in shares of Waddell & Reed Financial by 9.2% during the third quarter. Dimensional Fund Advisors LP now owns 2,945,385 shares of the asset manager’s stock worth $59,113,000 after purchasing an additional 249,118 shares in the last quarter. Schwab Charles Investment Management Inc. lifted its stake in shares of Waddell & Reed Financial by 12.4% during the third quarter. Schwab Charles Investment Management Inc. now owns 615,338 shares of the asset manager’s stock worth $12,350,000 after purchasing an additional 68,080 shares in the last quarter. Wells Fargo & Company MN increased its position in shares of Waddell & Reed Financial by 43.3% during the third quarter. Wells Fargo & Company MN now owns 186,379 shares of the asset manager’s stock worth $3,742,000 after acquiring an additional 56,307 shares during the last quarter. Finally, JPMorgan Chase & Co. increased its position in shares of Waddell & Reed Financial by 17.5% during the third quarter. JPMorgan Chase & Co. now owns 247,639 shares of the asset manager’s stock worth $4,926,000 after acquiring an additional 36,927 shares during the last quarter. 97.43% of the stock is owned by institutional investors and hedge funds.

Several analysts recently weighed in on WDR shares. ValuEngine raised Waddell & Reed Financial from a “hold” rating to a “buy” rating in a report on Monday, October 2nd. Zacks Investment Research raised Waddell & Reed Financial from a “hold” rating to a “buy” rating and set a $23.00 price objective for the company in a report on Thursday, October 5th. Jefferies Group boosted their price objective on Waddell & Reed Financial from $19.00 to $20.00 and gave the company a “hold” rating in a report on Tuesday, October 10th. Royal Bank of Canada set a $18.00 price objective on Waddell & Reed Financial and gave the company a “sell” rating in a report on Wednesday, October 18th. Finally, Bank of America boosted their price objective on Waddell & Reed Financial from $17.00 to $18.00 and gave the company an “underperform” rating in a report on Wednesday, October 25th. Six investment analysts have rated the stock with a sell rating, three have issued a hold rating and one has assigned a buy rating to the stock. The company has an average rating of “Hold” and an average price target of $19.75.

Waddell & Reed Financial, Inc. (NYSE:WDR) traded up $0.43 during trading hours on Friday, hitting $23.08. The stock had a trading volume of 1,130,000 shares, compared to its average volume of 1,010,000. The company has a market capitalization of $1,920.00, a price-to-earnings ratio of 16.49 and a beta of 2.10. Waddell & Reed Financial, Inc. has a 52 week low of $16.11 and a 52 week high of $23.13. The company has a debt-to-equity ratio of 0.11, a current ratio of 3.02 and a quick ratio of 1.14.

Waddell & Reed Financial (NYSE:WDR) last posted its earnings results on Tuesday, October 24th. The asset manager reported $0.45 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.41 by $0.04. The company had revenue of $289.45 million during the quarter, compared to analyst estimates of $285.30 million. Waddell & Reed Financial had a return on equity of 16.81% and a net margin of 10.10%. The business’s revenue was down 4.5% compared to the same quarter last year. During the same period in the prior year, the company earned $0.65 earnings per share. sell-side analysts forecast that Waddell & Reed Financial, Inc. will post 1.56 EPS for the current fiscal year.

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, February 1st. Stockholders of record on Thursday, January 11th will be given a dividend of $0.25 per share. The ex-dividend date is Wednesday, January 10th. This represents a $1.00 annualized dividend and a dividend yield of 4.33%. Waddell & Reed Financial’s dividend payout ratio is presently 71.43%.

In other Waddell & Reed Financial news, CAO John E. Sundeen, Jr. sold 45,168 shares of the company’s stock in a transaction that occurred on Thursday, December 21st. The stock was sold at an average price of $22.48, for a total value of $1,015,376.64. Following the completion of the sale, the chief accounting officer now directly owns 270,437 shares in the company, valued at $6,079,423.76. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Alan W. Kosloff sold 19,178 shares of the company’s stock in a transaction that occurred on Monday, November 20th. The stock was sold at an average price of $19.82, for a total value of $380,107.96. Following the completion of the sale, the director now owns 52,695 shares of the company’s stock, valued at $1,044,414.90. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 100,619 shares of company stock valued at $2,192,613. Insiders own 3.80% of the company’s stock.

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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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