Vident Investment Advisory LLC trimmed its holdings in shares of Waddell & Reed Financial, Inc. (NYSE:WDR) by 5.5% during the fourth quarter, Holdings Channel.com reports. The firm owned 99,447 shares of the asset manager’s stock after selling 5,800 shares during the quarter. Vident Investment Advisory LLC’s holdings in Waddell & Reed Financial were worth $2,533,000 as of its most recent filing with the SEC.

Other institutional investors and hedge funds have also modified their holdings of the company. Marshall Wace North America L.P. acquired a new position in shares of Waddell & Reed Financial during the first quarter valued at $26,000. Hanseatic Management Services Inc. acquired a new position in Waddell & Reed Financial during the third quarter worth about $85,000. Point72 Hong Kong Ltd acquired a new position in Waddell & Reed Financial during the third quarter worth about $96,000. Advisors Asset Management Inc. grew its holdings in Waddell & Reed Financial by 14.1% during the third quarter. Advisors Asset Management Inc. now owns 8,013 shares of the asset manager’s stock worth $119,000 after acquiring an additional 991 shares during the period. Finally, Envestnet Asset Management Inc. acquired a new position in Waddell & Reed Financial during the third quarter worth about $155,000.

NYSE:WDR opened at $25.17 on Tuesday. Waddell & Reed Financial, Inc. has a 1-year low of $9.87 and a 1-year high of $25.90. The firm has a market capitalization of $1.57 billion, a price-to-earnings ratio of 18.11 and a beta of 1.44. The stock has a fifty day simple moving average of $25.11 and a 200 day simple moving average of $19.74.

Waddell & Reed Financial (NYSE:WDR) last released its quarterly earnings results on Monday, February 1st. The asset manager reported $0.41 earnings per share for the quarter, missing the Zacks’ consensus estimate of $0.46 by ($0.05). Waddell & Reed Financial had a net margin of 9.17% and a return on equity of 14.57%. The company had revenue of $278.10 million during the quarter, compared to analyst estimates of $267.05 million. During the same quarter last year, the business earned $0.51 EPS. The company’s revenue for the quarter was up 3.0% compared to the same quarter last year. On average, analysts anticipate that Waddell & Reed Financial, Inc. will post 1.49 EPS for the current year.

The business also recently declared a quarterly dividend, which will be paid on Friday, April 30th. Investors of record on Friday, April 9th will be given a $0.25 dividend. The ex-dividend date is Thursday, April 8th. This represents a $1.00 dividend on an annualized basis and a dividend yield of 3.97%. Waddell & Reed Financial’s dividend payout ratio (DPR) is 53.19%.

WDR has been the topic of a number of research analyst reports. Zacks Investment Research lowered Waddell & Reed Financial from a “buy” rating to a “hold” rating and set a $27.00 target price on the stock. in a report on Tuesday, December 29th. Morgan Stanley raised Waddell & Reed Financial from an “underweight” rating to an “equal weight” rating in a report on Friday, December 4th. Two investment analysts have rated the stock with a sell rating and three have assigned a hold rating to the company’s stock. The company has an average rating of “Hold” and an average price target of $16.60.

Waddell & Reed Financial Company Profile

Waddell & Reed Financial, Inc, through its subsidiaries, provides investment management and advisory, investment product underwriting and distribution, and shareholder services administration to mutual funds, and institutional and separately managed accounts in the United States. The company acts as an investment adviser for institutional and other private investors, and provides sub advisory services to other investment companies; and underwrites and distributes registered open-end mutual fund portfolios.

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

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