Waddell & Reed Financial, Inc. (WDR) Director Jerry W. Walton Sells 9,427 Shares of Stock

Waddell & Reed Financial, Inc. (NYSE:WDR) Director Jerry W. Walton sold 9,427 shares of the business’s stock in a transaction on Friday, November 16th. The stock was sold at an average price of $19.05, for a total transaction of $179,584.35. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website.

Shares of WDR stock opened at $19.66 on Tuesday. Waddell & Reed Financial, Inc. has a 1 year low of $17.53 and a 1 year high of $23.82. The firm has a market cap of $1.54 billion, a P/E ratio of 10.24, a P/E/G ratio of 1.13 and a beta of 1.64. The company has a debt-to-equity ratio of 0.11, a quick ratio of 1.80 and a current ratio of 4.04.

Waddell & Reed Financial (NYSE:WDR) last announced its earnings results on Tuesday, October 30th. The asset manager reported $0.58 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.56 by $0.02. Waddell & Reed Financial had a net margin of 14.11% and a return on equity of 20.10%. The business had revenue of $295.10 million for the quarter, compared to analyst estimates of $293.63 million. During the same quarter in the previous year, the firm posted $0.44 earnings per share. Waddell & Reed Financial’s revenue was up 2.0% compared to the same quarter last year. Analysts predict that Waddell & Reed Financial, Inc. will post 2.22 EPS for the current year.

The business also recently announced a quarterly dividend, which was paid on Thursday, November 1st. Investors of record on Thursday, October 11th were given a dividend of $0.25 per share. This represents a $1.00 dividend on an annualized basis and a yield of 5.09%. The ex-dividend date was Wednesday, October 10th. Waddell & Reed Financial’s dividend payout ratio (DPR) is currently 52.08%.

Hedge funds have recently made changes to their positions in the stock. Laurion Capital Management LP bought a new position in Waddell & Reed Financial during the second quarter worth $191,000. Neuburgh Advisers LLC increased its position in Waddell & Reed Financial by 34.2% during the second quarter. Neuburgh Advisers LLC now owns 11,044 shares of the asset manager’s stock worth $198,000 after acquiring an additional 2,816 shares during the period. Zeke Capital Advisors LLC bought a new position in Waddell & Reed Financial during the third quarter worth $204,000. Riverhead Capital Management LLC increased its position in Waddell & Reed Financial by 34.0% during the second quarter. Riverhead Capital Management LLC now owns 12,621 shares of the asset manager’s stock worth $227,000 after acquiring an additional 3,200 shares during the period. Finally, Private Advisor Group LLC bought a new position in Waddell & Reed Financial during the third quarter worth $233,000.

A number of analysts have recently weighed in on WDR shares. Keefe, Bruyette & Woods restated a “hold” rating and issued a $23.00 price objective on shares of Waddell & Reed Financial in a research note on Wednesday, August 1st. Zacks Investment Research upgraded shares of Waddell & Reed Financial from a “hold” rating to a “buy” rating and set a $23.00 price objective for the company in a research note on Friday, August 3rd. ValuEngine upgraded shares of Waddell & Reed Financial from a “strong sell” rating to a “sell” rating in a research note on Wednesday, August 8th. Citigroup set a $20.00 price objective on shares of Waddell & Reed Financial and gave the stock a “hold” rating in a research note on Wednesday, October 31st. Finally, Royal Bank of Canada set a $17.00 price objective on shares of Waddell & Reed Financial and gave the stock a “sell” rating in a research note on Wednesday, October 31st. Five equities research analysts have rated the stock with a sell rating and four have issued a hold rating to the company. Waddell & Reed Financial has an average rating of “Sell” and a consensus target price of $20.38.

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About Waddell & Reed Financial

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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