Schroder Investment Management Group boosted its position in Waddell & Reed Financial, Inc. (NYSE:WDR) by 4.6% during the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 1,744,999 shares of the asset manager’s stock after buying an additional 77,100 shares during the period. Schroder Investment Management Group owned approximately 2.19% of Waddell & Reed Financial worth $31,253,000 at the end of the most recent quarter.

A number of other hedge funds have also recently added to or reduced their stakes in WDR. Stratos Wealth Partners LTD. increased its stake in Waddell & Reed Financial by 298.0% in the first quarter. Stratos Wealth Partners LTD. now owns 8,816 shares of the asset manager’s stock valued at $178,000 after purchasing an additional 6,601 shares in the last quarter. Laurion Capital Management LP bought a new stake in Waddell & Reed Financial in the second quarter valued at $191,000. Neuburgh Advisers LLC increased its stake in Waddell & Reed Financial by 34.2% in the second quarter. Neuburgh Advisers LLC now owns 11,044 shares of the asset manager’s stock valued at $198,000 after purchasing an additional 2,816 shares in the last quarter. Riverhead Capital Management LLC increased its stake in Waddell & Reed Financial by 34.0% in the second quarter. Riverhead Capital Management LLC now owns 12,621 shares of the asset manager’s stock valued at $227,000 after purchasing an additional 3,200 shares in the last quarter. Finally, Tyers Asset Management LLC increased its stake in Waddell & Reed Financial by 34.2% in the second quarter. Tyers Asset Management LLC now owns 14,056 shares of the asset manager’s stock valued at $253,000 after purchasing an additional 3,584 shares in the last quarter. Institutional investors and hedge funds own 98.16% of the company’s stock.

WDR opened at $21.18 on Friday. Waddell & Reed Financial, Inc. has a 1-year low of $17.53 and a 1-year high of $23.82. The company has a quick ratio of 1.75, a current ratio of 3.99 and a debt-to-equity ratio of 0.11. The firm has a market capitalization of $1.69 billion, a price-to-earnings ratio of 10.33, a P/E/G ratio of 1.28 and a beta of 1.88.

Waddell & Reed Financial (NYSE:WDR) last posted its earnings results on Tuesday, July 31st. The asset manager reported $0.55 EPS for the quarter, topping the consensus estimate of $0.48 by $0.07. The company had revenue of $295.34 million during the quarter, compared to the consensus estimate of $288.92 million. Waddell & Reed Financial had a net margin of 13.47% and a return on equity of 19.29%. The firm’s revenue for the quarter was up 3.0% on a year-over-year basis. During the same period in the previous year, the firm posted $0.29 earnings per share. equities analysts predict that Waddell & Reed Financial, Inc. will post 2.2 earnings per share for the current year.

The firm also recently announced a quarterly dividend, which will be paid on Thursday, November 1st. Stockholders of record on Thursday, October 11th will be given a dividend of $0.25 per share. This represents a $1.00 annualized dividend and a dividend yield of 4.72%. The ex-dividend date of this dividend is Wednesday, October 10th. Waddell & Reed Financial’s payout ratio is presently 52.08%.

Several equities research analysts have weighed in on the stock. ValuEngine raised shares of Waddell & Reed Financial from a “strong sell” rating to a “sell” rating in a research note on Wednesday, August 8th. Keefe, Bruyette & Woods reaffirmed a “hold” rating and issued a $23.00 price target on shares of Waddell & Reed Financial in a research note on Wednesday, August 1st. Finally, Zacks Investment Research raised shares of Waddell & Reed Financial from a “hold” rating to a “buy” rating and set a $23.00 price target for the company in a research note on Tuesday, September 11th. Five 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. Waddell & Reed Financial has an average rating of “Hold” and an average target price of $20.63.

In other news, Director Alan W. Kosloff sold 19,614 shares of the business’s stock in a transaction dated Wednesday, September 12th. The shares were sold at an average price of $20.42, for a total transaction of $400,517.88. Following the completion of the sale, the director now directly owns 22,184 shares of the company’s stock, valued at $452,997.28. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. Insiders own 3.40% of the company’s stock.

Waddell & Reed Financial Profile

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

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