Waddell & Reed Financial, Inc. (NYSE:WDR) Director Sells $166,060.00 in Stock

Waddell & Reed Financial, Inc. (NYSE:WDR) Director Jerry W. Walton sold 9,500 shares of the company’s stock in a transaction that occurred on Tuesday, November 5th. The shares were sold at an average price of $17.48, for a total transaction of $166,060.00. Following the completion of the sale, the director now owns 69,327 shares of the company’s stock, valued at approximately $1,211,835.96. The sale was disclosed in a filing with the SEC, which is accessible through this link.

WDR stock opened at $17.15 on Friday. The company has a 50 day moving average of $16.36 and a two-hundred day moving average of $16.77. Waddell & Reed Financial, Inc. has a 12-month low of $14.91 and a 12-month high of $20.63. The company has a market cap of $1.23 billion, a price-to-earnings ratio of 7.52 and a beta of 1.46. The company has a quick ratio of 1.20, a current ratio of 3.73 and a debt-to-equity ratio of 0.11.

Waddell & Reed Financial (NYSE:WDR) last announced its quarterly earnings results on Tuesday, October 29th. The asset manager reported $0.46 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.39 by $0.07. Waddell & Reed Financial had a net margin of 13.57% and a return on equity of 16.62%. The company had revenue of $270.70 million for the quarter, compared to analyst estimates of $266.84 million. During the same quarter in the prior year, the business posted $0.58 EPS. Waddell & Reed Financial’s quarterly revenue was down 8.3% on a year-over-year basis. On average, research analysts anticipate that Waddell & Reed Financial, Inc. will post 1.7 EPS for the current year.

The firm also recently declared a — dividend, which was paid on Friday, November 1st. Stockholders of record on Friday, October 11th were paid a dividend of $0.25 per share. The ex-dividend date was Thursday, October 10th. This represents a dividend yield of 5.7%. Waddell & Reed Financial’s dividend payout ratio (DPR) is 43.86%.

Several institutional investors and hedge funds have recently made changes to their positions in the company. BlackRock Inc. increased its stake in shares of Waddell & Reed Financial by 0.6% during the 2nd quarter. BlackRock Inc. now owns 11,721,219 shares of the asset manager’s stock worth $195,393,000 after purchasing an additional 67,173 shares during the last quarter. Invesco Ltd. increased its stake in shares of Waddell & Reed Financial by 1.6% during the 2nd quarter. Invesco Ltd. now owns 3,727,860 shares of the asset manager’s stock worth $62,144,000 after purchasing an additional 59,506 shares during the last quarter. APG Asset Management N.V. increased its stake in shares of Waddell & Reed Financial by 21.3% during the 2nd quarter. APG Asset Management N.V. now owns 2,497,900 shares of the asset manager’s stock worth $36,565,000 after purchasing an additional 438,900 shares during the last quarter. Fisher Asset Management LLC increased its stake in shares of Waddell & Reed Financial by 1.3% during the 2nd quarter. Fisher Asset Management LLC now owns 1,747,294 shares of the asset manager’s stock worth $29,127,000 after purchasing an additional 22,533 shares during the last quarter. Finally, Bank of New York Mellon Corp increased its stake in shares of Waddell & Reed Financial by 7.7% during the 2nd quarter. Bank of New York Mellon Corp now owns 1,381,305 shares of the asset manager’s stock worth $23,026,000 after purchasing an additional 99,178 shares during the last quarter.

Several brokerages recently commented on WDR. Citigroup set a $15.00 price target on shares of Waddell & Reed Financial and gave the company a “sell” rating in a research report on Wednesday, July 31st. Evercore ISI downgraded shares of Waddell & Reed Financial from an “in-line” rating to an “underperform” rating in a research report on Tuesday, October 22nd. Morgan Stanley cut their target price on shares of Waddell & Reed Financial from $15.00 to $14.00 and set an “underweight” rating for the company in a research report on Tuesday, October 8th. Bank of America downgraded shares of Waddell & Reed Financial from a “neutral” rating to an “underperform” rating and set a $17.00 target price for the company. in a research report on Friday, September 13th. Finally, ValuEngine upgraded shares of Waddell & Reed Financial from a “hold” rating to a “buy” rating in a research report on Wednesday, October 30th. Four investment analysts have rated the stock with a sell rating, one has assigned a hold rating and two have assigned a buy rating to the company. The stock has a consensus rating of “Hold” and a consensus target price of $16.60.

About Waddell & Reed Financial

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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