Comerica Bank boosted its position in Waddell & Reed Financial, Inc. (NYSE:WDR) by 29.9% in the second quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 105,099 shares of the asset manager’s stock after buying an additional 24,197 shares during the quarter. Comerica Bank owned approximately 0.13% of Waddell & Reed Financial worth $2,171,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other large investors have also recently added to or reduced their stakes in the business. BlackRock Inc. increased its position in Waddell & Reed Financial by 23,010.1% in the first quarter. BlackRock Inc. now owns 16,672,997 shares of the asset manager’s stock worth $283,440,000 after buying an additional 16,600,851 shares during the last quarter. Vanguard Group Inc. boosted its holdings in shares of Waddell & Reed Financial by 5.8% in the first quarter. Vanguard Group Inc. now owns 6,814,895 shares of the asset manager’s stock worth $115,853,000 after acquiring an additional 374,949 shares during the period. State Street Corp boosted its holdings in shares of Waddell & Reed Financial by 19.4% in the first quarter. State Street Corp now owns 3,481,236 shares of the asset manager’s stock worth $59,185,000 after acquiring an additional 565,584 shares during the period. Van Berkom & Associates Inc. boosted its holdings in shares of Waddell & Reed Financial by 16.7% in the second quarter. Van Berkom & Associates Inc. now owns 2,373,900 shares of the asset manager’s stock worth $44,819,000 after acquiring an additional 339,158 shares during the period. Finally, Schroder Investment Management Group boosted its holdings in shares of Waddell & Reed Financial by 24.4% in the first quarter. Schroder Investment Management Group now owns 2,164,833 shares of the asset manager’s stock worth $36,802,000 after acquiring an additional 424,885 shares during the period. 96.42% of the stock is owned by institutional investors and hedge funds.

In related news, VP Benjamin R. Clouse sold 5,903 shares of the company’s stock in a transaction dated Monday, August 7th. The shares were sold at an average price of $20.01, for a total transaction of $118,119.03. Following the completion of the sale, the vice president now owns 25,845 shares of the company’s stock, valued at approximately $517,158.45. The sale was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Also, Director Alan W. Kosloff sold 25,076 shares of the company’s stock in a transaction dated Thursday, August 3rd. The shares were sold at an average price of $19.40, for a total transaction of $486,474.40. Following the sale, the director now directly owns 71,873 shares of the company’s stock, valued at approximately $1,394,336.20. The disclosure for this sale can be found here. 3.80% of the stock is owned by insiders.

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Shares of Waddell & Reed Financial, Inc. (NYSE WDR) opened at 18.36 on Friday. The stock has a market capitalization of $1.53 billion, a price-to-earnings ratio of 11.54 and a beta of 2.06. The stock has a 50 day moving average price of $19.12 and a 200 day moving average price of $18.26. Waddell & Reed Financial, Inc. has a 1-year low of $15.02 and a 1-year high of $22.45.

Waddell & Reed Financial (NYSE:WDR) last released its quarterly earnings data on Tuesday, August 1st. The asset manager reported $0.39 earnings per share for the quarter, beating analysts’ consensus estimates of $0.37 by $0.02. Waddell & Reed Financial had a net margin of 11.34% and a return on equity of 18.75%. The company had revenue of $286.70 million during the quarter, compared to analysts’ expectations of $285.25 million. During the same quarter in the previous year, the company earned $0.59 earnings per share. The firm’s revenue for the quarter was down 10.2% on a year-over-year basis. Equities research analysts anticipate that Waddell & Reed Financial, Inc. will post $1.45 EPS for the current year.

WDR has been the subject of several research analyst reports. ValuEngine lowered Waddell & Reed Financial from a “buy” rating to a “hold” rating in a research note on Wednesday. BidaskClub lowered Waddell & Reed Financial from a “hold” rating to a “sell” rating in a research note on Saturday, August 19th. Credit Suisse Group dropped their price target on Waddell & Reed Financial from $19.00 to $18.00 and set an “underperform” rating for the company in a research note on Friday, August 11th. Keefe, Bruyette & Woods reiterated a “hold” rating and issued a $20.00 price objective on shares of Waddell & Reed Financial in a report on Thursday, August 3rd. Finally, Jefferies Group LLC reiterated a “hold” rating and issued a $19.00 price objective (down previously from $20.00) on shares of Waddell & Reed Financial in a report on Wednesday, August 2nd. Six equities research analysts have rated the stock with a sell rating and four have assigned a hold rating to the stock. The company presently has a consensus rating of “Sell” and a consensus target price of $18.06.

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

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