Nisa Investment Advisors LLC reduced its stake in shares of Waddell & Reed Financial, Inc. (NYSE:WDR) by 29.8% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 44,500 shares of the asset manager’s stock after selling 18,900 shares during the quarter. Nisa Investment Advisors LLC owned 0.06% of Waddell & Reed Financial worth $744,000 as of its most recent SEC filing.
Other hedge funds and other institutional investors also recently modified their holdings of the company. Marshall Wace North America L.P. acquired a new position in shares of Waddell & Reed Financial in the 1st quarter worth approximately $26,000. Tower Research Capital LLC TRC acquired a new stake in Waddell & Reed Financial during the 3rd quarter valued at $30,000. Verition Fund Management LLC acquired a new stake in Waddell & Reed Financial during the 2nd quarter valued at $170,000. 6 Meridian increased its holdings in Waddell & Reed Financial by 18.9% during the 3rd quarter. 6 Meridian now owns 14,349 shares of the asset manager’s stock valued at $247,000 after purchasing an additional 2,283 shares in the last quarter. Finally, Hexavest Inc. acquired a new stake in Waddell & Reed Financial during the 3rd quarter valued at $252,000.
WDR opened at $15.93 on Tuesday. The company has a debt-to-equity ratio of 0.11, a current ratio of 3.73 and a quick ratio of 1.18. The stock has a market capitalization of $1.16 billion, a P/E ratio of 8.25 and a beta of 1.45. The company’s 50 day simple moving average is $16.65 and its 200-day simple moving average is $16.52. Waddell & Reed Financial, Inc. has a one year low of $14.91 and a one year high of $19.18.
Waddell & Reed Financial (NYSE:WDR) last posted its quarterly earnings data on Tuesday, October 29th. The asset manager reported $0.46 earnings per share for the quarter, topping the 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 firm had revenue of $270.70 million during the quarter, compared to analysts’ expectations of $266.84 million. During the same quarter in the previous year, the company posted $0.58 EPS. Waddell & Reed Financial’s revenue was down 8.3% on a year-over-year basis. As a group, analysts anticipate that Waddell & Reed Financial, Inc. will post 1.69 EPS for the current year.
The company also recently disclosed a quarterly dividend, which will be paid on Monday, February 3rd. Shareholders of record on Monday, January 13th will be given a $0.25 dividend. The ex-dividend date is Friday, January 10th. This represents a $1.00 dividend on an annualized basis and a yield of 6.28%. Waddell & Reed Financial’s payout ratio is 43.86%.
In other news, Director Jerry W. Walton sold 9,500 shares of Waddell & Reed Financial stock in a transaction on Tuesday, November 5th. The stock was sold at an average price of $17.48, for a total value of $166,060.00. Following the completion of the sale, the director now directly owns 69,327 shares of the company’s stock, valued at approximately $1,211,835.96. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. 2.13% of the stock is currently owned by company insiders.
A number of research firms have commented on WDR. Morgan Stanley reduced their price objective on Waddell & Reed Financial from $15.00 to $14.00 and set an “underweight” rating on the stock in a research note on Tuesday, October 8th. Evercore ISI cut Waddell & Reed Financial from an “in-line” rating to an “underperform” rating in a report on Tuesday, October 22nd. Royal Bank of Canada restated a “sell” rating and issued a $14.00 target price on shares of Waddell & Reed Financial in a research note on Monday, January 6th. Finally, ValuEngine raised Waddell & Reed Financial from a “hold” rating to a “buy” rating in a report on Wednesday, October 30th. Five research analysts have rated the stock with a sell rating, one has given a hold rating and two have assigned a buy rating to the company. The company has a consensus rating of “Hold” and an average target price of $16.17.
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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