TD Asset Management Inc. raised its position in shares of Waddell & Reed Financial, Inc. (NYSE:WDR) by 5.4% in the third quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 72,620 shares of the asset manager’s stock after purchasing an additional 3,700 shares during the quarter. TD Asset Management Inc. owned about 0.09% of Waddell & Reed Financial worth $1,457,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also recently modified their holdings of WDR. FMR LLC boosted its stake in Waddell & Reed Financial by 73.2% during the 2nd quarter. FMR LLC now owns 4,856,894 shares of the asset manager’s stock valued at $91,698,000 after purchasing an additional 2,052,378 shares in the last quarter. Vanguard Group Inc. boosted its stake in shares of Waddell & Reed Financial by 11.5% during the 2nd quarter. Vanguard Group Inc. now owns 7,596,348 shares of the asset manager’s stock worth $143,419,000 after acquiring an additional 781,453 shares in the last quarter. Schroder Investment Management Group boosted its stake in shares of Waddell & Reed Financial by 35.4% during the 2nd quarter. Schroder Investment Management Group now owns 2,930,633 shares of the asset manager’s stock worth $56,209,000 after acquiring an additional 765,800 shares in the last quarter. Capital World Investors boosted its stake in shares of Waddell & Reed Financial by 64.4% during the 2nd quarter. Capital World Investors now owns 1,850,000 shares of the asset manager’s stock worth $34,928,000 after acquiring an additional 725,000 shares in the last quarter. Finally, Dimensional Fund Advisors LP boosted its stake in shares of Waddell & Reed Financial by 34.6% during the 2nd quarter. Dimensional Fund Advisors LP now owns 2,696,267 shares of the asset manager’s stock worth $50,907,000 after acquiring an additional 692,766 shares in the last quarter. 97.45% of the stock is owned by hedge funds and other institutional investors.

Shares of Waddell & Reed Financial, Inc. (WDR) traded down $0.65 during trading on Tuesday, hitting $20.97. The stock had a trading volume of 1,122,900 shares, compared to its average volume of 1,248,811. The firm has a market capitalization of $1,802.48, a PE ratio of 12.64 and a beta of 2.10. The company has a current ratio of 3.02, a quick ratio of 1.14 and a debt-to-equity ratio of 0.11. Waddell & Reed Financial, Inc. has a 1-year low of $16.11 and a 1-year high of $21.85.

Waddell & Reed Financial (NYSE:WDR) last issued its earnings results on Tuesday, October 24th. The asset manager reported $0.45 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.41 by $0.04. The business had revenue of $289.45 million during the quarter, compared to analysts’ expectations of $285.30 million. Waddell & Reed Financial had a return on equity of 16.81% and a net margin of 10.10%. Waddell & Reed Financial’s revenue was down 4.5% compared to the same quarter last year. During the same quarter last year, the firm posted $0.65 earnings per share. research analysts anticipate that Waddell & Reed Financial, Inc. will post 1.52 earnings per share for the current fiscal year.

The firm also recently announced a quarterly dividend, which will be paid on Thursday, February 1st. Stockholders of record on Thursday, January 11th will be given a $0.25 dividend. The ex-dividend date is Wednesday, January 10th. This represents a $1.00 annualized dividend and a dividend yield of 4.77%. Waddell & Reed Financial’s dividend payout ratio (DPR) is presently 132.38%.

In other news, Director Alan W. Kosloff sold 19,178 shares of the firm’s stock in a transaction on Monday, November 20th. The stock was sold at an average price of $19.82, for a total value of $380,107.96. Following the completion of the sale, the director now owns 52,695 shares of the company’s stock, valued at $1,044,414.90. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Also, CMO Thomas W. Butch sold 5,000 shares of the firm’s stock in a transaction on Thursday, November 9th. The stock was sold at an average price of $19.26, for a total value of $96,300.00. Following the completion of the sale, the chief marketing officer now directly owns 248 shares of the company’s stock, valued at approximately $4,776.48. The disclosure for this sale can be found here. Company insiders own 3.80% of the company’s stock.

Several equities research analysts have recently weighed in on the company. Royal Bank of Canada set a $18.00 price objective on Waddell & Reed Financial and gave the stock a “sell” rating in a research note on Wednesday, October 18th. ValuEngine raised Waddell & Reed Financial from a “hold” rating to a “buy” rating in a research note on Monday, October 2nd. Zacks Investment Research lowered Waddell & Reed Financial from a “buy” rating to a “hold” rating and set a $23.00 price objective for the company. in a research note on Thursday, October 12th. BidaskClub lowered Waddell & Reed Financial from a “hold” rating to a “sell” rating in a research note on Saturday, August 19th. Finally, Jefferies Group raised their price objective on Waddell & Reed Financial from $19.00 to $20.00 and gave the stock a “hold” rating in a research note on Tuesday, October 10th. Six analysts have rated the stock with a sell rating, three have issued a hold rating and one has given a buy rating to the company. Waddell & Reed Financial presently has an average rating of “Hold” and a consensus price target of $19.00.

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Waddell & Reed Financial 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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