GSA Capital Partners LLP Invests $270,000 in Waddell & Reed Financial, Inc. (WDR)

GSA Capital Partners LLP bought a new stake in Waddell & Reed Financial, Inc. (NYSE:WDR) during the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor bought 13,434 shares of the asset manager’s stock, valued at approximately $270,000.

Several other institutional investors and hedge funds have also recently made changes to their positions in WDR. Eaton Vance Management grew its holdings in shares of Waddell & Reed Financial by 0.9% in the second quarter. Eaton Vance Management now owns 16,538 shares of the asset manager’s stock worth $312,000 after purchasing an additional 149 shares during the last quarter. Financial Counselors Inc. grew its holdings in shares of Waddell & Reed Financial by 1.5% in the second quarter. Financial Counselors Inc. now owns 21,675 shares of the asset manager’s stock worth $409,000 after purchasing an additional 330 shares during the last quarter. Franklin Resources Inc. grew its holdings in shares of Waddell & Reed Financial by 3.9% in the second quarter. Franklin Resources Inc. now owns 12,607 shares of the asset manager’s stock worth $238,000 after purchasing an additional 477 shares during the last quarter. Wells Fargo & Company MN grew its holdings in shares of Waddell & Reed Financial by 1.4% in the second quarter. Wells Fargo & Company MN now owns 130,072 shares of the asset manager’s stock worth $2,456,000 after purchasing an additional 1,735 shares during the last quarter. Finally, Victory Capital Management Inc. grew its holdings in shares of Waddell & Reed Financial by 8.1% in the second quarter. Victory Capital Management Inc. now owns 23,384 shares of the asset manager’s stock worth $441,000 after purchasing an additional 1,747 shares during the last quarter. 97.43% of the stock is currently owned by institutional investors and hedge funds.

Waddell & Reed Financial, Inc. (WDR) opened at $22.17 on Thursday. The company has a current ratio of 3.02, a quick ratio of 1.14 and a debt-to-equity ratio of 0.11. Waddell & Reed Financial, Inc. has a 1-year low of $16.11 and a 1-year high of $22.88. The stock has a market cap of $1,850.00, a PE ratio of 15.84 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 period in the prior year, the business earned $0.65 EPS. The firm’s quarterly revenue was down 4.5% on a year-over-year basis. equities analysts anticipate that Waddell & Reed Financial, Inc. will post 1.56 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 issued a dividend of $0.25 per share. This represents a $1.00 annualized dividend and a yield of 4.51%. The ex-dividend date is Wednesday, January 10th. Waddell & Reed Financial’s payout ratio is 131.43%.

In other Waddell & Reed Financial news, CMO Thomas W. Butch sold 5,000 shares of the stock in a transaction dated 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 directly owns 248 shares in the company, valued at approximately $4,776.48. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, Director Alan W. Kosloff sold 19,178 shares of the stock in a transaction dated 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 $1,044,414.90. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 100,619 shares of company stock worth $2,192,613. 3.80% of the stock is owned by company insiders.

A number of research firms have recently commented on WDR. Keefe, Bruyette & Woods restated a “hold” rating and issued a $23.00 price target on shares of Waddell & Reed Financial in a report on Friday, December 22nd. Credit Suisse Group upped their price target on shares of Waddell & Reed Financial from $18.00 to $19.00 and gave the stock an “underperform” rating in a report on Wednesday, October 25th. Jefferies Group restated a “hold” rating and issued a $23.00 price target on shares of Waddell & Reed Financial in a report on Thursday. Zacks Investment Research cut shares of Waddell & Reed Financial from a “buy” rating to a “hold” rating and set a $23.00 price target on the stock. in a report on Thursday, October 12th. Finally, ValuEngine upgraded shares of Waddell & Reed Financial from a “hold” rating to a “buy” rating in a report on Monday, October 2nd. 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’s stock. The stock presently has an average rating of “Hold” and a consensus price target of $19.75.

COPYRIGHT VIOLATION WARNING: This report was reported by Community Financial News and is the sole property of of Community Financial News. If you are reading this report on another website, it was illegally copied and reposted in violation of US & international trademark and copyright laws. The original version of this report can be accessed at https://www.com-unik.info/2018/01/11/gsa-capital-partners-llp-invests-270000-in-waddell-reed-financial-inc-wdr.html.

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.

Want to see what other hedge funds are holding WDR? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Waddell & Reed Financial, Inc. (NYSE:WDR).

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

Receive News & Ratings for Waddell & Reed Financial Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Waddell & Reed Financial and related companies with MarketBeat.com's FREE daily email newsletter.

Comments

Leave a Reply


share news on Facebook
tweet this investment news
share on linkedin
share on StockTwits
share on Google Plus
share on reddit