Waddell & Reed Financial, Inc. (NYSE:WDR) Director Dennis E. Logue sold 5,000 shares of the firm’s stock in a transaction dated Friday, March 22nd. The shares were sold at an average price of $16.72, for a total value of $83,600.00. Following the transaction, the director now owns 69,452 shares in the company, valued at $1,161,237.44. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link.

Waddell & Reed Financial stock opened at $17.30 on Thursday. The company has a debt-to-equity ratio of 0.11, a quick ratio of 1.44 and a current ratio of 3.27. The stock has a market capitalization of $1.31 billion, a PE ratio of 7.59, a price-to-earnings-growth ratio of 2.18 and a beta of 1.44. Waddell & Reed Financial, Inc. has a 52 week low of $16.01 and a 52 week high of $21.83.

Waddell & Reed Financial (NYSE:WDR) last posted its quarterly earnings data on Tuesday, February 5th. The asset manager reported $0.60 EPS for the quarter, topping analysts’ consensus estimates of $0.49 by $0.11. Waddell & Reed Financial had a return on equity of 20.81% and a net margin of 15.82%. The business had revenue of $272.20 million for the quarter, compared to analyst estimates of $273.78 million. During the same period in the previous year, the company posted $0.36 earnings per share. The firm’s revenue for the quarter was down 7.6% on a year-over-year basis. Analysts anticipate that Waddell & Reed Financial, Inc. will post 1.38 EPS for the current year.

The company also recently announced a quarterly dividend, which will be paid on Wednesday, May 1st. Investors of record on Wednesday, April 10th will be given a dividend of $0.25 per share. This represents a $1.00 dividend on an annualized basis and a yield of 5.78%. The ex-dividend date is Tuesday, April 9th. Waddell & Reed Financial’s dividend payout ratio (DPR) is presently 43.86%.

WDR has been the topic of a number of recent analyst reports. Citigroup lowered Waddell & Reed Financial from a “neutral” rating to a “sell” rating in a research note on Monday, January 14th. Morgan Stanley set a $14.00 price objective on Waddell & Reed Financial and gave the stock a “sell” rating in a research note on Friday, February 8th. ValuEngine lowered Waddell & Reed Financial from a “hold” rating to a “sell” rating in a research note on Wednesday, January 30th. Finally, Zacks Investment Research lowered Waddell & Reed Financial from a “hold” rating to a “sell” rating in a research note on Sunday, January 6th. Five equities research analysts have rated the stock with a sell rating and two have assigned a hold rating to the company’s stock. Waddell & Reed Financial has an average rating of “Sell” and an average price target of $19.17.

Hedge funds have recently added to or reduced their stakes in the stock. Captrust Financial Advisors grew its position in Waddell & Reed Financial by 181.9% during the fourth quarter. Captrust Financial Advisors now owns 1,452 shares of the asset manager’s stock worth $26,000 after buying an additional 937 shares in the last quarter. Oregon Public Employees Retirement Fund acquired a new stake in Waddell & Reed Financial during the fourth quarter worth about $30,000. Meeder Asset Management Inc. acquired a new stake in Waddell & Reed Financial during the fourth quarter worth about $37,000. IFP Advisors Inc grew its position in Waddell & Reed Financial by 968.8% during the fourth quarter. IFP Advisors Inc now owns 4,243 shares of the asset manager’s stock worth $76,000 after buying an additional 3,846 shares in the last quarter. Finally, Zurcher Kantonalbank Zurich Cantonalbank boosted its holdings in Waddell & Reed Financial by 17.7% during the fourth quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 6,744 shares of the asset manager’s stock valued at $122,000 after purchasing an additional 1,012 shares in the last quarter. 98.19% of the stock is currently owned by institutional investors and hedge funds.

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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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