Rhumbline Advisers Has $3.83 Million Holdings in Waddell & Reed Financial, Inc. (WDR)

Rhumbline Advisers decreased its holdings in shares of Waddell & Reed Financial, Inc. (NYSE:WDR) by 2.0% in the third quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 190,653 shares of the asset manager’s stock after selling 3,930 shares during the period. Rhumbline Advisers owned 0.23% of Waddell & Reed Financial worth $3,826,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also made changes to their positions in WDR. Municipal Employees Retirement System of Michigan increased its position in shares of Waddell & Reed Financial by 57.8% during the third quarter. Municipal Employees Retirement System of Michigan now owns 31,370 shares of the asset manager’s stock valued at $630,000 after acquiring an additional 11,490 shares in the last quarter. New York State Common Retirement Fund increased its position in shares of Waddell & Reed Financial by 4.9% during the third quarter. New York State Common Retirement Fund now owns 127,047 shares of the asset manager’s stock valued at $2,550,000 after acquiring an additional 5,916 shares in the last quarter. BNP Paribas Arbitrage SA increased its position in shares of Waddell & Reed Financial by 67.0% during the third quarter. BNP Paribas Arbitrage SA now owns 78,264 shares of the asset manager’s stock valued at $1,571,000 after acquiring an additional 31,402 shares in the last quarter. Global X MANAGEMENT CO LLC increased its position in shares of Waddell & Reed Financial by 5.3% during the third quarter. Global X MANAGEMENT CO LLC now owns 501,623 shares of the asset manager’s stock valued at $10,068,000 after acquiring an additional 25,467 shares in the last quarter. Finally, Principal Financial Group Inc. increased its position in shares of Waddell & Reed Financial by 83.5% during the third quarter. Principal Financial Group Inc. now owns 1,197,096 shares of the asset manager’s stock valued at $24,026,000 after acquiring an additional 544,817 shares in the last quarter. 97.45% of the stock is owned by institutional investors and hedge funds.

Several brokerages recently weighed in on WDR. Keefe, Bruyette & Woods reissued a “hold” rating and set a $21.00 price target on shares of Waddell & Reed Financial in a research report on Thursday, October 26th. Jefferies Group raised their target price on shares of Waddell & Reed Financial from $19.00 to $20.00 and gave the stock a “hold” rating in a report on Tuesday, October 10th. Bank of America raised their target price on shares of Waddell & Reed Financial from $17.00 to $18.00 and gave the stock an “underperform” rating in a report on Wednesday, October 25th. BidaskClub cut shares of Waddell & Reed Financial from a “buy” rating to a “hold” rating in a report on Friday, August 11th. Finally, Credit Suisse Group dropped their target price on shares of Waddell & Reed Financial from $19.00 to $18.00 and set an “underperform” rating on the stock in a report on Friday, August 11th. Six research analysts have rated the stock with a sell rating, three have issued a hold rating and one has given a buy rating to the company’s stock. Waddell & Reed Financial presently has a consensus rating of “Hold” and an average price target of $19.00.

In other news, CMO Thomas W. Butch sold 5,000 shares of Waddell & Reed Financial stock in a transaction on Thursday, November 9th. The shares were sold at an average price of $19.26, for a total transaction of $96,300.00. Following the transaction, the chief marketing officer now owns 248 shares in the company, valued at approximately $4,776.48. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director Alan W. Kosloff sold 19,178 shares of Waddell & Reed Financial stock in a transaction on Monday, November 20th. The stock was sold at an average price of $19.82, for a total transaction of $380,107.96. Following the transaction, the director now owns 52,695 shares in the company, 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.

Shares of Waddell & Reed Financial, Inc. (WDR) traded up $0.17 during mid-day trading on Thursday, reaching $21.27. 1,069,200 shares of the company traded hands, compared to its average volume of 1,250,582. Waddell & Reed Financial, Inc. has a 52 week low of $16.11 and a 52 week high of $22.45. The company has a quick ratio of 1.14, a current ratio of 3.02 and a debt-to-equity ratio of 0.11. The stock has a market capitalization of $1,759.13, a PE ratio of 12.34 and a beta of 2.10.

Waddell & Reed Financial (NYSE:WDR) last issued its earnings results on Tuesday, October 24th. The asset manager reported $0.45 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.41 by $0.04. Waddell & Reed Financial had a net margin of 10.10% and a return on equity of 16.81%. The company had revenue of $289.45 million for the quarter, compared to analysts’ expectations of $285.30 million. During the same quarter last year, the company posted $0.65 earnings per share. The firm’s quarterly revenue was down 4.5% on a year-over-year basis. analysts predict that Waddell & Reed Financial, Inc. will post 1.52 EPS for the current year.

The firm also recently declared a quarterly dividend, which will be paid on Thursday, February 1st. Stockholders of record on Thursday, January 11th will be paid a dividend of $0.25 per share. This represents a $1.00 annualized dividend and a dividend yield of 4.70%. The ex-dividend date is Wednesday, January 10th. Waddell & Reed Financial’s dividend payout ratio is presently 132.38%.

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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.

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

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