State of Alaska Department of Revenue Has $446,000 Stake in Waddell & Reed Financial, Inc. (NYSE:WDR)

State of Alaska Department of Revenue increased its stake in shares of Waddell & Reed Financial, Inc. (NYSE:WDR) by 263.8% during the second quarter, according to its most recent disclosure with the SEC. The firm owned 23,644 shares of the asset manager’s stock after buying an additional 17,144 shares during the period. State of Alaska Department of Revenue’s holdings in Waddell & Reed Financial were worth $446,000 as of its most recent SEC filing.

Several other large investors also recently modified their holdings of WDR. Commonwealth of Pennsylvania Public School Empls Retrmt SYS boosted its stake in shares of Waddell & Reed Financial by 0.4% in the first quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS now owns 12,310 shares of the asset manager’s stock valued at $209,000 after buying an additional 50 shares during the last quarter. Cipher Capital LP boosted its stake in shares of Waddell & Reed Financial by 0.8% in the first quarter. Cipher Capital LP now owns 13,127 shares of the asset manager’s stock valued at $223,000 after buying an additional 104 shares during the last quarter. Northwestern Mutual Investment Management Company LLC boosted its stake in shares of Waddell & Reed Financial by 1.8% in the first quarter. Northwestern Mutual Investment Management Company LLC now owns 14,523 shares of the asset manager’s stock valued at $247,000 after buying an additional 252 shares during the last quarter. Oregon Public Employees Retirement Fund boosted its stake in shares of 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 during the last quarter. Finally, Advantus Capital Management Inc boosted its stake in shares of Waddell & Reed Financial by 4.8% in the first quarter. Advantus Capital Management Inc now owns 10,790 shares of the asset manager’s stock valued at $183,000 after buying an additional 498 shares during the last quarter. 93.87% of the stock is owned by institutional investors.

Shares of Waddell & Reed Financial, Inc. (NYSE:WDR) traded up 0.11% on Friday, reaching $18.09. The company’s stock had a trading volume of 558,647 shares. Waddell & Reed Financial, Inc. has a 12-month low of $15.02 and a 12-month high of $22.45. The company’s 50 day moving average price is $19.76 and its 200 day moving average price is $18.24. The company has a market cap of $1.51 billion, a P/E ratio of 11.37 and a beta of 2.04.

Waddell & Reed Financial (NYSE:WDR) last announced its quarterly earnings results on Tuesday, August 1st. The asset manager reported $0.39 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.37 by $0.02. Waddell & Reed Financial had a return on equity of 18.75% and a net margin of 11.34%. The company had revenue of $286.70 million for the quarter, compared to the consensus estimate of $285.25 million. During the same quarter in the previous year, the business earned $0.59 EPS. Waddell & Reed Financial’s revenue was down 10.2% compared to the same quarter last year. Analysts forecast that Waddell & Reed Financial, Inc. will post $1.45 EPS for the current fiscal year.

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, August 1st. Shareholders of record on Tuesday, July 11th were given a dividend of $0.46 per share. The ex-dividend date was Friday, July 7th. This represents a $1.84 annualized dividend and a yield of 10.17%. Waddell & Reed Financial’s payout ratio is 115.72%.

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Several brokerages have recently weighed in on WDR. BidaskClub cut Waddell & Reed Financial from a “hold” rating to a “sell” rating in a research note on Saturday. Keefe, Bruyette & Woods reissued a “hold” rating and issued a $20.00 price target on shares of Waddell & Reed Financial in a research note on Thursday, August 3rd. Jefferies Group LLC restated a “hold” rating and set a $19.00 target price (down previously from $20.00) on shares of Waddell & Reed Financial in a research report on Wednesday, August 2nd. Royal Bank Of Canada assumed coverage on Waddell & Reed Financial in a research report on Thursday, June 29th. They set an “underperform” rating and a $17.00 target price on the stock. Finally, ValuEngine upgraded Waddell & Reed Financial from a “hold” rating to a “buy” rating in a research report on Tuesday, June 20th. Six research analysts have rated the stock with a sell rating, three have given a hold rating and one has issued a buy rating to the company. Waddell & Reed Financial presently has a consensus rating of “Hold” and an average price target of $18.06.

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

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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