Teachers Advisors LLC raised its stake in shares of Waddell & Reed Financial, Inc. (NYSE:WDR) by 5.9% during the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 148,404 shares of the asset manager’s stock after buying an additional 8,226 shares during the period. Teachers Advisors LLC’s holdings in Waddell & Reed Financial were worth $2,523,000 as of its most recent SEC filing.

A number of other hedge funds have also added to or reduced their stakes in the stock. Wrapmanager Inc. raised its stake in Waddell & Reed Financial by 9.7% in the first quarter. Wrapmanager Inc. now owns 14,664 shares of the asset manager’s stock valued at $249,000 after buying an additional 1,295 shares in the last quarter. State Treasurer State of Michigan raised its stake in Waddell & Reed Financial by 2.7% in the first quarter. State Treasurer State of Michigan now owns 34,200 shares of the asset manager’s stock valued at $581,000 after buying an additional 900 shares in the last quarter. Great West Life Assurance Co. Can raised its stake in Waddell & Reed Financial by 5.2% in the first quarter. Great West Life Assurance Co. Can now owns 48,796 shares of the asset manager’s stock valued at $829,000 after buying an additional 2,405 shares in the last quarter. Oregon Public Employees Retirement Fund raised its stake in Waddell & Reed Financial by 1.4% in the first quarter. Oregon Public Employees Retirement Fund now owns 28,934 shares of the asset manager’s stock valued at $492,000 after buying an additional 400 shares in the last quarter. Finally, Russell Investments Group Ltd. raised its stake in Waddell & Reed Financial by 8.4% in the first quarter. Russell Investments Group Ltd. now owns 31,450 shares of the asset manager’s stock valued at $535,000 after buying an additional 2,425 shares in the last quarter. Hedge funds and other institutional investors own 93.87% of the company’s stock.

Waddell & Reed Financial, Inc. (WDR) traded up 0.74% during trading on Wednesday, hitting $18.96. The stock had a trading volume of 23,835 shares. Waddell & Reed Financial, Inc. has a 1-year low of $15.02 and a 1-year high of $22.45. The firm has a market capitalization of $1.58 billion, a PE ratio of 11.92 and a beta of 2.04. The firm has a 50 day moving average price of $19.85 and a 200-day moving average price of $18.23.

Waddell & Reed Financial (NYSE:WDR) last posted its quarterly earnings results on Tuesday, August 1st. The asset manager reported $0.39 EPS for the quarter, topping analysts’ consensus estimates of $0.37 by $0.02. The company had revenue of $286.70 million for the quarter, compared to analysts’ expectations of $285.25 million. Waddell & Reed Financial had a net margin of 11.34% and a return on equity of 18.75%. Waddell & Reed Financial’s revenue was down 10.2% on a year-over-year basis. During the same quarter in the previous year, the firm posted $0.59 EPS. On average, equities research analysts expect that Waddell & Reed Financial, Inc. will post $1.45 EPS for the current year.

The business also recently declared a quarterly dividend, which was paid on Tuesday, August 1st. Investors of record on Tuesday, July 11th were issued a $0.46 dividend. The ex-dividend date of this dividend was Friday, July 7th. This represents a $1.84 dividend on an annualized basis and a dividend yield of 9.78%. Waddell & Reed Financial’s dividend payout ratio (DPR) is presently 115.72%.

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Several research firms have issued reports on WDR. Jefferies Group LLC restated a “hold” rating and issued a $19.00 price objective (down previously from $20.00) on shares of Waddell & Reed Financial in a research note on Wednesday, August 2nd. Royal Bank Of Canada set a $18.00 price objective on Waddell & Reed Financial and gave the company a “sell” rating in a research note on Wednesday, August 2nd. BidaskClub lowered Waddell & Reed Financial from a “strong-buy” rating to a “buy” rating in a research note on Tuesday, July 25th. Morgan Stanley reaffirmed an “underweight” rating and issued a $15.00 target price (up previously from $14.00) on shares of Waddell & Reed Financial in a research report on Monday, July 10th. Finally, Keefe, Bruyette & Woods reaffirmed a “hold” rating and issued a $20.00 target price on shares of Waddell & Reed Financial in a research report on Thursday, August 3rd. Five research analysts have rated the stock with a sell rating, four have assigned a hold rating and one has given a buy rating to the company. The stock currently has an average rating of “Hold” and a consensus target price of $18.06.

In related news, Director Alan W. Kosloff sold 25,076 shares of Waddell & Reed Financial stock in a transaction that occurred on Thursday, August 3rd. The shares were sold at an average price of $19.40, for a total value of $486,474.40. Following the sale, the director now owns 71,873 shares of the company’s stock, valued at approximately $1,394,336.20. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, VP Benjamin R. Clouse sold 5,903 shares of Waddell & Reed Financial stock in a transaction that occurred on Monday, August 7th. The stock was sold at an average price of $20.01, for a total transaction of $118,119.03. Following the completion of the sale, the vice president now directly owns 25,845 shares in the company, valued at approximately $517,158.45. The disclosure for this sale can be found here. Insiders own 3.80% of the company’s stock.

Waddell & Reed Financial Company 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.

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

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