The Waddell & Reed Financial, Inc. (WDR) Stake Decreased by BNP Paribas Arbitrage SA

The Waddell & Reed Financial, Inc. (WDR) Stake Decreased by BNP Paribas Arbitrage SA

Other large investors have also recently bought and sold shares of the company. Envestnet Asset Management Inc. boosted its stake in Waddell & Reed Financial by 31.1% in the fourth quarter. Envestnet Asset Management Inc. now owns 5,576 shares of the asset manager’s stock valued at $107,000 after buying an additional 1,323 shares during the period. Bridgecreek Investment Management LLC boosted its stake in Waddell & Reed Financial by 10.0% in the first quarter. Bridgecreek Investment Management LLC now owns 11,000 shares of the asset manager’s stock valued at $187,000 after buying an additional 1,000 shares during the period. Tudor Investment Corp Et Al purchased a new stake in Waddell & Reed Financial during the fourth quarter valued at $195,000. HPM Partners LLC purchased a new stake in Waddell & Reed Financial during the first quarter valued at $201,000. Finally, Ancora Advisors LLC purchased a new stake in Waddell & Reed Financial during the fourth quarter valued at $215,000. Institutional investors own 82.97% of the company’s stock.

BNP Paribas Arbitrage SA decreased its stake in Waddell & Reed Financial, Inc. (NYSE:WDR) by 33.1% during the first quarter, according to its most recent disclosure with the SEC. The fund owned 36,057 shares of the asset manager’s stock after selling 17,805 shares during the period. BNP Paribas Arbitrage SA’s holdings in Waddell & Reed Financial were worth $613,000 at the end of the most recent reporting period.

Waddell & Reed Financial, Inc. (WDR) opened at 17.07 on Monday. The company has a market capitalization of $1.43 billion, a price-to-earnings ratio of 9.93 and a beta of 1.99. The firm has a 50 day moving average of $17.17 and a 200-day moving average of $18.31. 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 earnings results on Tuesday, May 2nd. The asset manager reported $0.39 earnings per share for the quarter, missing the Zacks’ consensus estimate of $0.42 by $0.03. The business had revenue of $286.54 million during the quarter, compared to analysts’ expectations of $286.53 million. Waddell & Reed Financial had a return on equity of 22.74% and a net margin of 11.86%. The firm’s quarterly revenue was down 11.5% compared to the same quarter last year. During the same period in the prior year, the company earned $0.45 earnings per share. On average, equities research analysts anticipate that Waddell & Reed Financial, Inc. will post $1.55 earnings per share for the current fiscal year.

Several equities research analysts have recently weighed in on WDR shares. Jefferies Group LLC reiterated a “hold” rating and set a $18.00 price objective (down from $19.00) on shares of Waddell & Reed Financial in a research report on Wednesday, April 12th. Zacks Investment Research upgraded shares of Waddell & Reed Financial from a “sell” rating to a “hold” rating in a research report on Monday, April 10th. Evercore ISI lowered shares of Waddell & Reed Financial from a “hold” rating to an “underperform” rating and set a $18.00 target price on the stock. in a research note on Friday, March 3rd. Finally, Credit Suisse Group AG reissued an “underperform” rating and set a $16.00 target price on shares of Waddell & Reed Financial in a research note on Sunday, February 5th. Five research analysts have rated the stock with a sell rating, two have given a hold rating and one has issued a buy rating to the company. Waddell & Reed Financial presently has a consensus rating of “Hold” and an average price target of $18.69. 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.new TradingView.widget({ “height”: 400, “width”: 625, “symbol”: “WDR”, “interval”: “D”, “timezone”: “Etc/UTC”, “theme”: “White”, “style”: “1”, “locale”: “en”, “toolbar_bg”: “#f1f3f6”, “enable_publishing”: false, “hideideas”: true, “referral_id”: “2588”});

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