Bank of New York Mellon Corp lowered its holdings in Waddell & Reed Financial, Inc. (NYSE:WDR) by 2.3% in the third quarter, according to the company in its most recent disclosure with the SEC. The firm owned 1,520,435 shares of the asset manager’s stock after selling 35,435 shares during the quarter. Bank of New York Mellon Corp owned 1.82% of Waddell & Reed Financial worth $30,515,000 as of its most recent filing with the SEC.

Other institutional investors have also added to or reduced their stakes in the company. Riverhead Capital Management LLC increased its position in shares of Waddell & Reed Financial by 79.0% in the second quarter. Riverhead Capital Management LLC now owns 6,624 shares of the asset manager’s stock valued at $125,000 after buying an additional 2,924 shares in the last quarter. Flinton Capital Management LLC increased its position in shares of Waddell & Reed Financial by 80.3% in the second quarter. Flinton Capital Management LLC now owns 9,010 shares of the asset manager’s stock valued at $170,000 after buying an additional 4,012 shares in the last quarter. C M Bidwell & Associates Ltd. purchased a new position in shares of Waddell & Reed Financial in the second quarter valued at $173,000. CIBC Asset Management Inc purchased a new position in shares of Waddell & Reed Financial in the second quarter valued at $194,000. Finally, CIBC World Markets Inc. purchased a new position in shares of Waddell & Reed Financial in the second quarter valued at $205,000. 97.45% of the stock is owned by institutional investors.

A number of brokerages have recently weighed in on WDR. Keefe, Bruyette & Woods restated a “hold” rating and issued a $21.00 price target on shares of Waddell & Reed Financial in a research report on Thursday, October 26th. Bank of America raised their price target on Waddell & Reed Financial from $17.00 to $18.00 and gave the company an “underperform” rating in a research report on Wednesday, October 25th. Jefferies Group raised their price target on Waddell & Reed Financial from $19.00 to $20.00 and gave the company a “hold” rating in a research report on Tuesday, October 10th. ValuEngine upgraded Waddell & Reed Financial from a “hold” rating to a “buy” rating in a research report on Monday, October 2nd. Finally, Royal Bank Of Canada set a $18.00 price target on Waddell & Reed Financial and gave the company a “sell” rating in a research report on Wednesday, October 18th. Six research analysts have rated the stock with a sell rating, three have given a hold rating and one has given a buy rating to the company. The stock currently has a consensus rating of “Hold” and an average target price of $19.00.

In related news, CMO Thomas W. Butch sold 5,000 shares of Waddell & Reed Financial stock in a transaction dated 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 sale, the chief marketing officer now owns 248 shares in the company, valued at approximately $4,776.48. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Also, Director Alan W. Kosloff sold 19,178 shares of Waddell & Reed Financial stock in a transaction dated Monday, November 20th. The stock was sold at an average price of $19.82, for a total value of $380,107.96. Following the sale, the director now owns 52,695 shares of the company’s stock, valued at approximately $1,044,414.90. The disclosure for this sale can be found here. Company insiders own 3.80% of the company’s stock.

Waddell & Reed Financial, Inc. (NYSE:WDR) traded up $0.16 during trading on Monday, reaching $21.62. The company had a trading volume of 984,500 shares, compared to its average volume of 1,249,343. The stock has a market cap of $1,760.00, a PE ratio of 12.64 and a beta of 2.10. Waddell & Reed Financial, Inc. has a 1 year low of $16.11 and a 1 year high of $22.45. 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 (NYSE:WDR) last posted its quarterly earnings data on Tuesday, October 24th. The asset manager reported $0.45 EPS for the quarter, topping analysts’ consensus estimates of $0.41 by $0.04. The firm 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%. The firm’s quarterly revenue was down 4.5% compared to the same quarter last year. During the same quarter last year, the business posted $0.65 EPS. equities research analysts predict that Waddell & Reed Financial, Inc. will post 1.52 EPS for the current fiscal year.

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, February 1st. Investors 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 4.63%. The ex-dividend date of this dividend is Wednesday, January 10th. Waddell & Reed Financial’s dividend payout ratio is presently 131.43%.

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About Waddell & Reed Financial

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.

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

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