Van Berkom & Associates Inc. lessened its position in Waddell & Reed Financial, Inc. (NYSE:WDR) by 0.3% in the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 2,366,910 shares of the asset manager’s stock after selling 6,990 shares during the quarter. Van Berkom & Associates Inc. owned 2.84% of Waddell & Reed Financial worth $47,504,000 at the end of the most recent reporting period.

Other institutional investors have also recently added to or reduced their stakes in the company. Global X MANAGEMENT CO LLC lifted its holdings in shares of Waddell & Reed Financial by 5.3% in the 3rd quarter. Global X MANAGEMENT CO LLC now owns 501,623 shares of the asset manager’s stock worth $10,068,000 after acquiring an additional 25,467 shares during the last quarter. Jensen Investment Management Inc. lifted its holdings in Waddell & Reed Financial by 24.2% during the 2nd quarter. Jensen Investment Management Inc. now owns 30,540 shares of the asset manager’s stock valued at $577,000 after buying an additional 5,950 shares in the last quarter. Cipher Capital LP lifted its holdings in Waddell & Reed Financial by 166.9% during the 2nd quarter. Cipher Capital LP now owns 35,035 shares of the asset manager’s stock valued at $661,000 after buying an additional 21,908 shares in the last quarter. Ameriprise Financial Inc. lifted its holdings in Waddell & Reed Financial by 81.3% during the 2nd quarter. Ameriprise Financial Inc. now owns 506,409 shares of the asset manager’s stock valued at $9,561,000 after buying an additional 227,014 shares in the last quarter. Finally, Great West Life Assurance Co. Can lifted its holdings in Waddell & Reed Financial by 145.2% during the 2nd quarter. Great West Life Assurance Co. Can now owns 119,647 shares of the asset manager’s stock valued at $2,257,000 after buying an additional 70,851 shares in the last quarter. Hedge funds and other institutional investors own 96.81% of the company’s stock.

Waddell & Reed Financial, Inc. (NYSE WDR) traded down $0.13 during midday trading on Monday, reaching $19.21. 238,400 shares of the company’s stock were exchanged, compared to its average volume of 1,250,269. The company has a quick ratio of 1.14, a current ratio of 3.02 and a debt-to-equity ratio of 0.11. The stock has a market cap of $1,600.00, a P/E ratio of 11.23 and a beta of 2.08. Waddell & Reed Financial, Inc. has a 1-year low of $16.11 and a 1-year high of $22.45.

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

The firm also recently announced a quarterly dividend, which will be paid on Thursday, February 1st. Shareholders of record on Thursday, January 11th will be given a dividend of $0.25 per share. This represents a $1.00 dividend on an annualized basis and a yield of 5.21%. The ex-dividend date of this dividend is Wednesday, January 10th. Waddell & Reed Financial’s dividend payout ratio (DPR) is 131.43%.

In other news, Director Alan W. Kosloff sold 19,178 shares of Waddell & Reed Financial stock in a transaction that occurred on Monday, November 20th. The shares were sold at an average price of $19.82, for a total value of $380,107.96. Following the transaction, the director now owns 52,695 shares of the company’s stock, valued at approximately $1,044,414.90. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, CMO Thomas W. Butch sold 5,000 shares of Waddell & Reed Financial stock in a transaction that occurred on Thursday, November 9th. The stock was sold at an average price of $19.26, for a total transaction of $96,300.00. Following the completion of the transaction, the chief marketing officer now directly owns 248 shares in the company, 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.

A number of brokerages recently weighed in on WDR. Credit Suisse Group decreased their price objective on shares of Waddell & Reed Financial from $19.00 to $18.00 and set an “underperform” rating for the company in a report on Friday, August 11th. BidaskClub lowered shares of Waddell & Reed Financial from a “hold” rating to a “sell” rating in a report on Saturday, August 19th. ValuEngine lowered shares of Waddell & Reed Financial from a “buy” rating to a “hold” rating in a report on Wednesday, September 6th. Royal Bank Of Canada set a $18.00 price objective on shares of Waddell & Reed Financial and gave the company a “sell” rating in a report on Wednesday, August 2nd. Finally, Keefe, Bruyette & Woods reiterated a “hold” rating and set a $20.00 price objective on shares of Waddell & Reed Financial in a report on Thursday, August 3rd. Six investment analysts have rated the stock with a sell rating, three have assigned a hold rating and one has assigned a buy rating to the company’s stock. The stock has an average rating of “Hold” and an average 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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