Public Employees Retirement System of Ohio reduced its position in Waddell & Reed Financial, Inc. (NYSE:WDR) by 22.5% during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 33,765 shares of the asset manager’s stock after selling 9,811 shares during the period. Public Employees Retirement System of Ohio’s holdings in Waddell & Reed Financial were worth $637,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in WDR. Principal Financial Group Inc. lifted its stake in shares of Waddell & Reed Financial by 0.3% in the 1st quarter. Principal Financial Group Inc. now owns 330,247 shares of the asset manager’s stock valued at $5,614,000 after purchasing an additional 1,033 shares in the last quarter. Teachers Advisors LLC lifted its position in Waddell & Reed Financial by 5.9% during the 1st quarter. Teachers Advisors LLC now owns 148,404 shares of the asset manager’s stock worth $2,523,000 after acquiring an additional 8,226 shares in the last quarter. Legal & General Group Plc lifted its position in Waddell & Reed Financial by 12.5% during the 1st quarter. Legal & General Group Plc now owns 109,993 shares of the asset manager’s stock worth $1,870,000 after acquiring an additional 12,232 shares in the last quarter. Thrivent Financial For Lutherans lifted its position in Waddell & Reed Financial by 12.8% during the 1st quarter. Thrivent Financial For Lutherans now owns 16,030 shares of the asset manager’s stock worth $273,000 after acquiring an additional 1,820 shares in the last quarter. Finally, Vanguard Group Inc. lifted its position in Waddell & Reed Financial by 5.8% during the 1st quarter. Vanguard Group Inc. now owns 6,814,895 shares of the asset manager’s stock worth $115,853,000 after acquiring an additional 374,949 shares in the last quarter. 96.70% of the stock is currently owned by institutional investors and hedge funds.

Waddell & Reed Financial, Inc. (WDR) opened at $19.39 on Friday. Waddell & Reed Financial, Inc. has a 52-week low of $16.11 and a 52-week high of $22.45. The stock has a market capitalization of $1,616.56, a P/E ratio of 11.34 and a beta of 2.09. The company has a debt-to-equity ratio of 0.11, a current ratio of 3.02 and a quick ratio of 1.14.

Waddell & Reed Financial (NYSE:WDR) last announced its earnings results on Tuesday, October 24th. The asset manager reported $0.45 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.41 by $0.04. Waddell & Reed Financial had a return on equity of 16.81% and a net margin of 10.10%. The company had revenue of $289.45 million for the quarter, compared to analyst estimates of $285.30 million. During the same period in the prior year, the company posted $0.65 EPS. Waddell & Reed Financial’s quarterly revenue was down 4.5% on a year-over-year basis. equities research analysts anticipate 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 $0.25 dividend. This represents a $1.00 dividend on an annualized basis and a dividend yield of 5.16%. The ex-dividend date is Wednesday, January 10th. Waddell & Reed Financial’s payout ratio is 132.38%.

Several equities analysts recently commented on WDR shares. BidaskClub lowered Waddell & Reed Financial from a “strong-buy” rating to a “buy” rating in a research report on Tuesday, July 25th. Zacks Investment Research raised Waddell & Reed Financial from a “hold” rating to a “buy” rating and set a $23.00 price target on the stock in a research report on Thursday, October 5th. ValuEngine raised Waddell & Reed Financial from a “hold” rating to a “buy” rating in a research report on Monday, October 2nd. Keefe, Bruyette & Woods reissued a “hold” rating and set a $20.00 price target on shares of Waddell & Reed Financial in a research report on Thursday, August 3rd. Finally, Jefferies Group LLC reissued a “hold” rating and set a $19.00 price target (down from $20.00) on shares of Waddell & Reed Financial in a research report on Wednesday, August 2nd. Six research 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. The company currently has a consensus rating of “Hold” and a consensus 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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