Fox Run Management L.L.C. purchased a new position in Waddell & Reed Financial, Inc. (NYSE:WDR) during the second quarter, according to its most recent filing with the SEC. The institutional investor purchased 32,000 shares of the asset manager’s stock, valued at approximately $604,000.

Other institutional investors also recently modified their holdings of the company. Comerica Bank raised its position in shares of Waddell & Reed Financial by 6.1% in the fourth quarter. Comerica Bank now owns 61,211 shares of the asset manager’s stock worth $1,156,000 after buying an additional 3,504 shares during the last quarter. Ameriprise Financial Inc. raised its position in shares of Waddell & Reed Financial by 14.7% in the first quarter. Ameriprise Financial Inc. now owns 279,395 shares of the asset manager’s stock worth $4,750,000 after buying an additional 35,876 shares during the last quarter. Norges Bank bought a new position in shares of Waddell & Reed Financial during the fourth quarter worth approximately $15,478,000. Guggenheim Capital LLC raised its position in shares of Waddell & Reed Financial by 96.8% in the fourth quarter. Guggenheim Capital LLC now owns 111,229 shares of the asset manager’s stock worth $2,169,000 after buying an additional 54,723 shares during the last quarter. Finally, FMR LLC raised its position in shares of Waddell & Reed Financial by 144.6% in the fourth quarter. FMR LLC now owns 2,899,094 shares of the asset manager’s stock worth $56,561,000 after buying an additional 1,714,078 shares during the last quarter. 93.99% of the stock is currently owned by hedge funds and other institutional investors.

Waddell & Reed Financial, Inc. (NYSE:WDR) traded down 1.46% during mid-day trading on Tuesday, reaching $19.64. 872,957 shares of the company’s stock were exchanged. The firm has a market capitalization of $1.64 billion, a P/E ratio of 12.34 and a beta of 2.04. The company’s 50-day moving average is $19.84 and its 200 day moving average is $18.20. Waddell & Reed Financial, Inc. has a one year low of $15.02 and a one year high of $22.45.

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

The business also recently announced a quarterly dividend, which was paid on Tuesday, August 1st. Stockholders of record on Tuesday, July 11th were paid a $0.46 dividend. The ex-dividend date was Friday, July 7th. This represents a $1.84 dividend on an annualized basis and a dividend yield of 9.37%. Waddell & Reed Financial’s dividend payout ratio (DPR) is currently 115.72%.

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Several research firms have recently commented on WDR. Zacks Investment Research raised shares of Waddell & Reed Financial from a “sell” rating to a “hold” rating in a research report on Monday, April 10th. Royal Bank Of Canada set a $18.00 price target on shares of Waddell & Reed Financial and gave the company a “sell” rating in a research report on Wednesday, August 2nd. Jefferies Group LLC reissued a “hold” rating and set a $18.00 price target (down from $19.00) on shares of Waddell & Reed Financial in a research report on Wednesday, April 12th. Morgan Stanley reissued an “underweight” rating and set a $15.00 price target (up from $14.00) on shares of Waddell & Reed Financial in a research report on Monday, July 10th. Finally, Keefe, Bruyette & Woods restated a “sell” rating and set a $16.50 price objective on shares of Waddell & Reed Financial in a research note on Friday, June 9th. Five research analysts have rated the stock with a sell rating, three have assigned a hold rating and two have assigned a buy rating to the company. Waddell & Reed Financial currently has a consensus rating of “Hold” and a consensus price target of $17.81.

In other news, Director Alan W. Kosloff sold 25,076 shares of the stock in a transaction dated Thursday, August 3rd. The stock was sold at an average price of $19.40, for a total value of $486,474.40. Following the completion of the sale, the director now owns 71,873 shares in the company, valued at $1,394,336.20. The transaction was disclosed in a legal filing with the SEC, which is available through this link. 3.80% of the stock is currently owned by company insiders.

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.

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

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