Systematic Financial Management LP decreased its position in Waddell & Reed Financial, Inc. (NYSE:WDR) by 9.1% during the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 200,951 shares of the asset manager’s stock after selling 20,012 shares during the quarter. Systematic Financial Management LP owned 0.24% of Waddell & Reed Financial worth $4,033,000 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 WDR. FMR LLC increased its stake in Waddell & Reed Financial by 73.2% in the 2nd quarter. FMR LLC now owns 4,856,894 shares of the asset manager’s stock worth $91,698,000 after acquiring an additional 2,052,378 shares during the last quarter. Dimensional Fund Advisors LP boosted its holdings in shares of Waddell & Reed Financial by 119.7% in the 1st quarter. Dimensional Fund Advisors LP now owns 2,003,501 shares of the asset manager’s stock worth $34,059,000 after purchasing an additional 1,091,695 shares during the period. Vanguard Group Inc. boosted its holdings in shares of Waddell & Reed Financial by 11.5% in the 2nd quarter. Vanguard Group Inc. now owns 7,596,348 shares of the asset manager’s stock worth $143,419,000 after purchasing an additional 781,453 shares during the period. Schroder Investment Management Group boosted its holdings in shares of Waddell & Reed Financial by 35.4% in the 2nd quarter. Schroder Investment Management Group now owns 2,930,633 shares of the asset manager’s stock worth $56,209,000 after purchasing an additional 765,800 shares during the period. Finally, Capital World Investors boosted its holdings in shares of Waddell & Reed Financial by 64.4% in the 2nd quarter. Capital World Investors now owns 1,850,000 shares of the asset manager’s stock worth $34,928,000 after purchasing an additional 725,000 shares during the period. 96.81% of the stock is currently owned by institutional investors and hedge funds.

Waddell & Reed Financial, Inc. (WDR) traded up $0.14 on Friday, hitting $19.34. The stock had a trading volume of 573,000 shares, compared to its average volume of 1,254,746. The company has a market cap of $1,612.40, a price-to-earnings ratio of 11.31 and a beta of 2.09. The company has a current ratio of 3.02, a quick ratio of 1.14 and a debt-to-equity ratio of 0.11. Waddell & Reed Financial, Inc. has a 52-week low of $16.11 and a 52-week high of $22.45.

Waddell & Reed Financial (NYSE:WDR) last released its quarterly earnings results on Tuesday, October 24th. The asset manager reported $0.45 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.41 by $0.04. The firm 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 for the quarter was down 4.5% compared to the same quarter last year. During the same period in the previous year, the company posted $0.65 EPS. research analysts forecast that Waddell & Reed Financial, Inc. will post 1.52 earnings per share for the current fiscal year.

The business also recently declared a quarterly dividend, which will be paid on Thursday, February 1st. Stockholders of record on Thursday, January 11th will be given a $0.25 dividend. This represents a $1.00 annualized dividend and a dividend yield of 5.17%. The ex-dividend date is Wednesday, January 10th. Waddell & Reed Financial’s payout ratio is 132.38%.

A number of brokerages have recently commented on WDR. Credit Suisse Group dropped their target price on Waddell & Reed Financial from $19.00 to $18.00 and set an “underperform” rating for the company in a report on Friday, August 11th. BidaskClub cut Waddell & Reed Financial from a “hold” rating to a “sell” rating in a report on Saturday, August 19th. ValuEngine cut Waddell & Reed Financial from a “buy” rating to a “hold” rating in a report on Wednesday, September 6th. 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, August 2nd. Finally, Keefe, Bruyette & Woods restated a “hold” rating and set a $20.00 price objective on shares of Waddell & Reed Financial in a report on Thursday, August 3rd. Six analysts have rated the stock with a sell rating, three have issued a hold rating and one has given a buy rating to the stock. Waddell & Reed Financial currently has a consensus rating of “Hold” and an average price target of $19.00.

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In related news, Director Alan W. Kosloff sold 19,178 shares of the company’s stock in a transaction dated Monday, November 20th. The stock was sold at an average price of $19.82, for a total transaction of $380,107.96. Following the transaction, the director now directly owns 52,695 shares of the company’s stock, valued at approximately $1,044,414.90. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, CMO Thomas W. Butch sold 5,000 shares of the company’s stock in a transaction dated Thursday, November 9th. The shares were sold at an average price of $19.26, for a total value of $96,300.00. Following the transaction, the chief marketing officer now directly owns 248 shares in the company, valued at $4,776.48. The disclosure for this sale can be found here. Insiders own 3.80% of the company’s stock.

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.

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

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