Public Sector Pension investment Board bought a new position in Waddell & Reed Financial, Inc. (NYSE:WDR) in the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund bought 43,000 shares of the asset manager’s stock, valued at approximately $812,000. Public Sector Pension investment Board owned approximately 0.05% of Waddell & Reed Financial as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors have also recently made changes to their positions in the company. Ameriprise Financial Inc. raised its holdings in 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 purchasing an additional 35,876 shares in the last quarter. Jensen Investment Management Inc. raised its holdings in Waddell & Reed Financial by 24.2% in the second quarter. Jensen Investment Management Inc. now owns 30,540 shares of the asset manager’s stock worth $577,000 after purchasing an additional 5,950 shares in the last quarter. Vanguard Group Inc. raised its holdings in 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 purchasing an additional 374,949 shares in the last quarter. State Street Corp raised its holdings in 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 purchasing an additional 565,584 shares in the last quarter. Finally, Gotham Asset Management LLC raised its holdings in Waddell & Reed Financial by 19.3% in the first quarter. Gotham Asset Management LLC now owns 12,632 shares of the asset manager’s stock worth $215,000 after purchasing an additional 2,042 shares in the last quarter. Institutional investors and hedge funds own 96.37% of the company’s stock.

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A number of equities analysts have commented on the stock. BidaskClub downgraded shares of Waddell & Reed Financial from a “buy” rating to a “hold” rating in a report on Friday, August 11th. Keefe, Bruyette & Woods reiterated a “hold” rating and issued a $20.00 target price on shares of Waddell & Reed Financial in a report on Thursday, August 3rd. Credit Suisse Group reduced their target price on shares of Waddell & Reed Financial from $19.00 to $18.00 and set an “underperform” rating for the company in a report on Friday, August 11th. ValuEngine upgraded shares of Waddell & Reed Financial from a “hold” rating to a “buy” rating in a report on Monday. Finally, Jefferies Group LLC reiterated a “hold” rating and issued a $18.00 target price on shares of Waddell & Reed Financial in a report on Wednesday, June 28th. Six analysts have rated the stock with a sell rating, two have given a hold rating and one has assigned a buy rating to the company. Waddell & Reed Financial presently has a consensus rating of “Sell” and a consensus price target of $17.50.

Waddell & Reed Financial, Inc. (WDR) opened at 20.37 on Thursday. The stock’s 50 day moving average is $18.68 and its 200 day moving average is $18.32. Waddell & Reed Financial, Inc. has a 12-month low of $15.02 and a 12-month high of $22.45. The firm has a market cap of $1.70 billion, a P/E ratio of 12.80 and a beta of 2.04.

Waddell & Reed Financial (NYSE:WDR) last issued its earnings results on Tuesday, August 1st. The asset manager reported $0.39 earnings per share for the quarter, topping the consensus estimate of $0.37 by $0.02. Waddell & Reed Financial had a return on equity of 18.75% and a net margin of 11.34%. The business had revenue of $286.70 million for the quarter, compared to analyst estimates of $285.25 million. During the same quarter last year, the company earned $0.59 EPS. The business’s quarterly revenue was down 10.2% on a year-over-year basis. On average, equities research analysts expect that Waddell & Reed Financial, Inc. will post $1.45 EPS for the current year.

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, November 1st. Stockholders of record on Wednesday, October 11th will be given a dividend of $0.46 per share. This represents a $1.84 annualized dividend and a dividend yield of 9.03%. The ex-dividend date is Tuesday, October 10th. Waddell & Reed Financial’s dividend payout ratio (DPR) is presently 115.72%.

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

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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