Guggenheim Capital LLC decreased its position in Waddell & Reed (NYSE:WDR) by 18.4% during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 138,210 shares of the asset manager’s stock after selling 31,218 shares during the quarter. Guggenheim Capital LLC owned 0.17% of Waddell & Reed worth $3,087,000 as of its most recent filing with the Securities and Exchange Commission (SEC).
A number of other large investors have also recently added to or reduced their stakes in the business. BlackRock Inc. increased its stake in Waddell & Reed by 0.4% in the 4th quarter. BlackRock Inc. now owns 16,485,645 shares of the asset manager’s stock worth $368,289,000 after acquiring an additional 67,209 shares during the last quarter. Dimensional Fund Advisors LP increased its stake in Waddell & Reed by 9.2% in the 3rd quarter. Dimensional Fund Advisors LP now owns 2,945,385 shares of the asset manager’s stock worth $59,113,000 after acquiring an additional 249,118 shares during the last quarter. Fisher Asset Management LLC increased its stake in Waddell & Reed by 0.3% in the 4th quarter. Fisher Asset Management LLC now owns 1,929,598 shares of the asset manager’s stock worth $43,107,000 after acquiring an additional 5,515 shares during the last quarter. Burgundy Asset Management Ltd. boosted its holdings in shares of Waddell & Reed by 13.0% in the 4th quarter. Burgundy Asset Management Ltd. now owns 1,060,668 shares of the asset manager’s stock worth $23,695,000 after purchasing an additional 122,286 shares during the period. Finally, Renaissance Technologies LLC boosted its holdings in shares of Waddell & Reed by 383.0% in the 4th quarter. Renaissance Technologies LLC now owns 822,500 shares of the asset manager’s stock worth $18,375,000 after purchasing an additional 652,200 shares during the period. 97.43% of the stock is currently owned by institutional investors and hedge funds.
In related news, Director Jerry W. Walton sold 5,792 shares of the business’s stock in a transaction on Thursday, February 1st. The stock was sold at an average price of $22.95, for a total transaction of $132,926.40. Following the completion of the transaction, the director now owns 81,332 shares in the company, valued at approximately $1,866,569.40. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. 3.40% of the stock is owned by insiders.
Waddell & Reed (NYSE:WDR) last posted its quarterly earnings data on Tuesday, January 30th. The asset manager reported $0.48 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.45 by $0.03. Waddell & Reed had a return on equity of 16.63% and a net margin of 10.72%. The company had revenue of $294.48 million during the quarter, compared to analysts’ expectations of $286.55 million. During the same quarter in the previous year, the business earned $0.43 EPS. Waddell & Reed’s revenue was up .5% compared to the same quarter last year. research analysts forecast that Waddell & Reed will post 2.24 earnings per share for the current year.
The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, May 1st. Investors of record on Tuesday, April 10th will be issued a dividend of $0.25 per share. This represents a $1.00 dividend on an annualized basis and a yield of 5.18%. The ex-dividend date is Monday, April 9th. Waddell & Reed’s payout ratio is currently 52.08%.
WDR has been the subject of a number of recent research reports. Zacks Investment Research cut Waddell & Reed from a “buy” rating to a “hold” rating and set a $24.00 target price for the company. in a report on Saturday, January 6th. Royal Bank of Canada reiterated a “sell” rating and issued a $20.00 target price on shares of Waddell & Reed in a report on Wednesday, January 31st. Morgan Stanley lifted their target price on Waddell & Reed from $20.00 to $21.00 and gave the stock an “underweight” rating in a report on Tuesday, February 13th. Jefferies Group reiterated a “hold” rating and issued a $23.00 target price on shares of Waddell & Reed in a report on Thursday, January 11th. Finally, Bank of America set a $20.00 target price on Waddell & Reed and gave the stock a “sell” rating in a report on Tuesday, January 30th. Five research analysts have rated the stock with a sell rating, four have given a hold rating and one has given a buy rating to the stock. The stock currently has an average rating of “Hold” and a consensus target price of $21.75.
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Waddell & Reed 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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