Franklin Resources Inc. increased its holdings in Waddell & Reed Financial, Inc. (NYSE:WDR) by 3.9% during the 2nd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 12,607 shares of the asset manager’s stock after purchasing an additional 477 shares during the quarter. Franklin Resources Inc.’s holdings in Waddell & Reed Financial were worth $238,000 at the end of the most recent reporting period.

Other institutional investors have also modified their holdings of the company. Advantus Capital Management Inc grew its stake in shares of Waddell & Reed Financial by 4.8% in the first quarter. Advantus Capital Management Inc now owns 10,790 shares of the asset manager’s stock worth $183,000 after purchasing an additional 498 shares during the last quarter. CIBC Asset Management Inc bought a new stake in shares of Waddell & Reed Financial in the second quarter worth $194,000. CIBC World Markets Inc. bought a new stake in shares of Waddell & Reed Financial in the second quarter worth $205,000. Commonwealth of Pennsylvania Public School Empls Retrmt SYS grew its stake in shares of Waddell & Reed Financial by 0.4% in the first quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS now owns 12,310 shares of the asset manager’s stock worth $209,000 after purchasing an additional 50 shares during the last quarter. Finally, Gotham Asset Management LLC grew its stake in shares of Waddell & Reed Financial by 19.3% in the first quarter. Gotham Asset Management LLC now owns 12,632 shares of the asset manager’s stock worth $215,000 after purchasing an additional 2,042 shares during the last quarter. 96.37% of the stock is currently owned by institutional investors.

Shares of Waddell & Reed Financial, Inc. (NYSE:WDR) opened at 20.37 on Thursday. The company has a market cap of $1.70 billion, a PE ratio of 12.80 and a beta of 2.04. Waddell & Reed Financial, Inc. has a 12 month low of $15.02 and a 12 month high of $22.45. The firm’s 50-day moving average is $18.68 and its 200-day moving average is $18.32.

Waddell & Reed Financial (NYSE:WDR) last announced its quarterly earnings results on Tuesday, August 1st. The asset manager reported $0.39 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.37 by $0.02. The business had revenue of $286.70 million for the quarter, compared to analyst estimates of $285.25 million. Waddell & Reed Financial had a net margin of 11.34% and a return on equity of 18.75%. The company’s revenue was down 10.2% on a year-over-year basis. During the same quarter last year, the firm earned $0.59 EPS. On average, equities research analysts predict that Waddell & Reed Financial, Inc. will post $1.45 earnings per share for the current year.

The company also recently declared a quarterly dividend, which will be paid on Wednesday, November 1st. Shareholders of record on Wednesday, October 11th will be issued a $0.46 dividend. This represents a $1.84 dividend on an annualized basis and a yield of 9.03%. The ex-dividend date is Tuesday, October 10th. Waddell & Reed Financial’s dividend payout ratio (DPR) is presently 115.72%.

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In other news, Director Alan W. Kosloff sold 25,076 shares of Waddell & Reed Financial stock in a transaction dated Thursday, August 3rd. The shares were sold at an average price of $19.40, for a total transaction of $486,474.40. Following the sale, the director now owns 71,873 shares of the company’s stock, valued at approximately $1,394,336.20. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, VP Benjamin R. Clouse sold 5,903 shares of Waddell & Reed Financial stock in a transaction dated Monday, August 7th. The shares were sold at an average price of $20.01, for a total transaction of $118,119.03. Following the sale, the vice president now directly owns 25,845 shares in the company, valued at approximately $517,158.45. The disclosure for this sale can be found here. 3.80% of the stock is owned by company insiders.

Several brokerages recently weighed in on WDR. ValuEngine raised shares of Waddell & Reed Financial from a “hold” rating to a “buy” rating in a research note on Monday. BidaskClub cut shares of Waddell & Reed Financial from a “hold” rating to a “sell” rating in a research note on Saturday, August 19th. Credit Suisse Group reduced their price objective on shares of Waddell & Reed Financial from $19.00 to $18.00 and set an “underperform” rating on the stock in a research note on Friday, August 11th. Keefe, Bruyette & Woods reaffirmed a “hold” rating and set a $20.00 price target on shares of Waddell & Reed Financial in a research report on Thursday, August 3rd. Finally, Jefferies Group LLC reaffirmed a “hold” rating and set a $19.00 price target (down previously from $20.00) on shares of Waddell & Reed Financial in a research report on Wednesday, August 2nd. Six analysts have rated the stock with a sell rating, two have issued a hold rating and one has assigned a buy rating to the stock. The stock presently has an average rating of “Sell” and a consensus price target of $17.50.

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.

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

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