Weather Gauge Advisory LLC Purchases 1,225 Shares of Waddell & Reed Financial, Inc. (WDR)

Weather Gauge Advisory LLC raised its position in Waddell & Reed Financial, Inc. (NYSE:WDR) by 2.3% in the first quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 54,453 shares of the asset manager’s stock after acquiring an additional 1,225 shares during the quarter. Weather Gauge Advisory LLC owned approximately 0.07% of Waddell & Reed Financial worth $941,000 as of its most recent SEC filing.

Several other large investors also recently modified their holdings of WDR. Bank of New York Mellon Corp lifted its position in shares of Waddell & Reed Financial by 2.3% during the 3rd quarter. Bank of New York Mellon Corp now owns 1,286,659 shares of the asset manager’s stock worth $27,251,000 after buying an additional 29,171 shares during the last quarter. Martingale Asset Management L P purchased a new stake in shares of Waddell & Reed Financial during the 3rd quarter worth approximately $1,232,000. Dimensional Fund Advisors LP lifted its position in shares of Waddell & Reed Financial by 1.3% during the 3rd quarter. Dimensional Fund Advisors LP now owns 3,379,499 shares of the asset manager’s stock worth $71,578,000 after buying an additional 43,011 shares during the last quarter. JPMorgan Chase & Co. lifted its position in shares of Waddell & Reed Financial by 65.6% during the 3rd quarter. JPMorgan Chase & Co. now owns 526,889 shares of the asset manager’s stock worth $11,160,000 after buying an additional 208,699 shares during the last quarter. Finally, Riverhead Capital Management LLC lifted its position in shares of Waddell & Reed Financial by 24.6% during the 3rd quarter. Riverhead Capital Management LLC now owns 15,721 shares of the asset manager’s stock worth $333,000 after buying an additional 3,100 shares during the last quarter. Institutional investors and hedge funds own 98.19% of the company’s stock.

Several analysts have recently weighed in on the stock. Bank of America upgraded shares of Waddell & Reed Financial from an “underperform” rating to a “neutral” rating and set a $18.59 price objective for the company in a research report on Friday. Zacks Investment Research raised shares of Waddell & Reed Financial from a “sell” rating to a “hold” rating and set a $20.00 target price on the stock in a report on Tuesday, April 9th. ValuEngine raised shares of Waddell & Reed Financial from a “sell” rating to a “hold” rating in a report on Friday, February 8th. Morgan Stanley set a $14.00 target price on shares of Waddell & Reed Financial and gave the company a “sell” rating in a report on Friday, February 8th. Finally, Citigroup cut shares of Waddell & Reed Financial from a “neutral” rating to a “sell” rating in a report on Monday, January 14th. Four research analysts have rated the stock with a sell rating and four have given a hold rating to the company. The company currently has an average rating of “Hold” and an average price target of $18.66.

NYSE:WDR traded down $0.12 on Monday, reaching $18.48. The stock had a trading volume of 473,967 shares, compared to its average volume of 1,016,400. The firm has a market cap of $1.38 billion, a price-to-earnings ratio of 8.11, a price-to-earnings-growth ratio of 2.14 and a beta of 1.43. The company has a current ratio of 3.27, a quick ratio of 1.44 and a debt-to-equity ratio of 0.11. Waddell & Reed Financial, Inc. has a 12-month low of $16.01 and a 12-month high of $21.83.

Waddell & Reed Financial (NYSE:WDR) last released its earnings results on Tuesday, February 5th. The asset manager reported $0.60 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.49 by $0.11. The company had revenue of $272.20 million for the quarter, compared to analyst estimates of $273.78 million. Waddell & Reed Financial had a net margin of 15.82% and a return on equity of 20.81%. The firm’s quarterly revenue was down 7.6% on a year-over-year basis. During the same period in the prior year, the firm earned $0.36 EPS. On average, equities research analysts forecast that Waddell & Reed Financial, Inc. will post 1.48 earnings per share for the current fiscal year.

The company also recently announced a quarterly dividend, which will be paid on Wednesday, May 1st. Shareholders of record on Wednesday, April 10th will be issued a $0.25 dividend. The ex-dividend date of this dividend is Tuesday, April 9th. This represents a $1.00 dividend on an annualized basis and a yield of 5.41%. Waddell & Reed Financial’s dividend payout ratio (DPR) is 43.86%.

In other Waddell & Reed Financial news, Director Dennis E. Logue sold 5,000 shares of the company’s stock in a transaction dated Friday, March 22nd. The shares were sold at an average price of $16.72, for a total value of $83,600.00. Following the transaction, the director now directly owns 69,452 shares in the company, valued at approximately $1,161,237.44. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. 2.13% of the stock is currently owned by corporate insiders.

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Waddell & Reed Financial Company 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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