The Waddell & Reed Financial Inc. (WDR) Shares Sold by Valley National Advisers Inc.

The Waddell & Reed Financial Inc. (WDR) Shares Sold by Valley National Advisers Inc.

Valley National Advisers Inc. lowered its position in shares of Waddell & Reed Financial Inc. (NYSE:WDR) by 0.5% during the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 59,513 shares of the company’s stock after selling 317 shares during the period. Valley National Advisers Inc. owned about 0.07% of Waddell & Reed Financial worth $1,081,000 at the end of the most recent quarter.

A number of other large investors have also recently modified their holdings of WDR. BlackRock Fund Advisors increased its position in shares of Waddell & Reed Financial by 3.1% in the second quarter. BlackRock Fund Advisors now owns 9,018,786 shares of the company’s stock worth $155,303,000 after buying an additional 272,298 shares in the last quarter. Vanguard Group Inc. increased its position in shares of Waddell & Reed Financial by 2.0% in the second quarter. Vanguard Group Inc. now owns 5,722,165 shares of the company’s stock worth $98,536,000 after buying an additional 113,873 shares in the last quarter. State Street Corp increased its position in shares of Waddell & Reed Financial by 19.1% in the second quarter. State Street Corp now owns 2,864,834 shares of the company’s stock worth $49,329,000 after buying an additional 459,301 shares in the last quarter. Fisher Asset Management LLC increased its position in shares of Waddell & Reed Financial by 1.5% in the third quarter. Fisher Asset Management LLC now owns 1,939,684 shares of the company’s stock worth $35,225,000 after buying an additional 28,730 shares in the last quarter. Finally, AQR Capital Management LLC increased its position in shares of Waddell & Reed Financial by 377.4% in the second quarter. AQR Capital Management LLC now owns 1,558,654 shares of the company’s stock worth $26,841,000 after buying an additional 1,232,190 shares in the last quarter. 82.58% of the stock is owned by institutional investors and hedge funds.

Shares of Waddell & Reed Financial Inc. (NYSE:WDR) traded down 2.13% during trading on Thursday, hitting $18.37. The stock had a trading volume of 1,692,642 shares. The stock has a market cap of $1.52 billion, a price-to-earnings ratio of 8.11 and a beta of 2.02. The stock’s 50-day moving average is $19.95 and its 200-day moving average is $18.51. Waddell & Reed Financial Inc. has a 12-month low of $15.02 and a 12-month high of $27.44.

Waddell & Reed Financial (NYSE:WDR) last announced its quarterly earnings data on Tuesday, October 25th. The company reported $0.64 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.51 by $0.13. The business had revenue of $303.09 million for the quarter, compared to analysts’ expectations of $295.65 million. Waddell & Reed Financial had a return on equity of 25.38% and a net margin of 14.34%. The company’s revenue for the quarter was down 19.4% compared to the same quarter last year. During the same period last year, the firm earned $0.76 earnings per share. On average, equities research analysts expect that Waddell & Reed Financial Inc. will post $2.12 EPS for the current year.

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, February 1st. Shareholders of record on Wednesday, January 11th will be paid a $0.46 dividend. This represents a $1.84 dividend on an annualized basis and a yield of 10.02%. The ex-dividend date of this dividend is Monday, January 9th. Waddell & Reed Financial’s dividend payout ratio is presently 81.06%.

Several brokerages recently weighed in on WDR. Jefferies Group restated a “neutral” rating on shares of Waddell & Reed Financial in a research note on Wednesday, January 11th. Zacks Investment Research downgraded Waddell & Reed Financial from a “buy” rating to a “hold” rating in a research note on Thursday, January 12th. Credit Suisse Group AG restated an “underperform” rating on shares of Waddell & Reed Financial in a research note on Thursday, January 5th. Keefe, Bruyette & Woods restated a “sell” rating and set a $18.00 target price (up from $16.50) on shares of Waddell & Reed Financial in a research note on Wednesday, November 16th. Finally, Citigroup Inc. downgraded Waddell & Reed Financial from a “neutral” rating to a “sell” rating and dropped their target price for the stock from $17.00 to $14.50 in a research note on Monday, October 17th. Five equities research analysts have rated the stock with a sell rating, four have assigned a hold rating and two have given a buy rating to the stock. The company presently has an average rating of “Hold” and a consensus price target of $20.25.

Waddell & Reed Financial Company Profile

Waddell & Reed Financial, Inc 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, Ivy Funds, Ivy Funds Variable Insurance Portfolios, InvestEd Portfolios and 529 college savings plan (collectively, the Funds), and the Ivy Global Investors Fund SICAV and its Ivy Global Investors sub-funds (the IGI Funds), and institutional and separately managed accounts.

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