Los Angeles Capital Management LLC Decreases Holdings in Waddell & Reed Financial, Inc. (NYSE:WDR)

Los Angeles Capital Management LLC cut its holdings in shares of Waddell & Reed Financial, Inc. (NYSE:WDR) by 7.6% in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 35,470 shares of the asset manager’s stock after selling 2,930 shares during the quarter. Los Angeles Capital Management LLC owned approximately 0.06% of Waddell & Reed Financial worth $903,000 at the end of the most recent reporting period.

Several other institutional investors have also made changes to their positions in the company. Advisors Asset Management Inc. increased its position in shares of Waddell & Reed Financial by 14.1% during the 3rd quarter. Advisors Asset Management Inc. now owns 8,013 shares of the asset manager’s stock valued at $119,000 after purchasing an additional 991 shares during the last quarter. Cambria Investment Management L.P. increased its position in shares of Waddell & Reed Financial by 2.6% during the 3rd quarter. Cambria Investment Management L.P. now owns 40,057 shares of the asset manager’s stock valued at $595,000 after purchasing an additional 1,027 shares during the last quarter. Marshall Wace North America L.P. purchased a new stake in shares of Waddell & Reed Financial during the 1st quarter valued at $26,000. Zurcher Kantonalbank Zurich Cantonalbank increased its position in shares of Waddell & Reed Financial by 32.1% during the 4th quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 9,211 shares of the asset manager’s stock valued at $235,000 after purchasing an additional 2,238 shares during the last quarter. Finally, Nisa Investment Advisors LLC increased its position in shares of Waddell & Reed Financial by 10.8% during the 3rd quarter. Nisa Investment Advisors LLC now owns 41,030 shares of the asset manager’s stock valued at $609,000 after purchasing an additional 4,000 shares during the last quarter.

WDR stock opened at $25.17 on Tuesday. The firm has a market capitalization of $1.57 billion, a PE ratio of 18.11 and a beta of 1.44. Waddell & Reed Financial, Inc. has a twelve month low of $9.87 and a twelve month high of $25.90. The stock has a 50-day simple moving average of $25.11 and a two-hundred day simple moving average of $19.74.

Waddell & Reed Financial (NYSE:WDR) last posted its earnings results on Monday, February 1st. The asset manager reported $0.41 earnings per share for the quarter, missing the Zacks’ consensus estimate of $0.46 by ($0.05). The company had revenue of $278.10 million for the quarter, compared to analysts’ expectations of $267.05 million. Waddell & Reed Financial had a net margin of 9.17% and a return on equity of 14.57%. The firm’s quarterly revenue was up 3.0% compared to the same quarter last year. During the same period in the previous year, the firm earned $0.51 EPS. As a group, sell-side analysts expect that Waddell & Reed Financial, Inc. will post 1.49 EPS for the current fiscal year.

The business also recently announced a quarterly dividend, which will be paid on Friday, April 30th. Shareholders of record on Friday, April 9th will be issued a dividend of $0.25 per share. This represents a $1.00 dividend on an annualized basis and a yield of 3.97%. The ex-dividend date of this dividend is Thursday, April 8th. Waddell & Reed Financial’s payout ratio is presently 53.19%.

Several equities research analysts recently weighed in on the company. Zacks Investment Research lowered Waddell & Reed Financial from a “buy” rating to a “hold” rating and set a $27.00 price objective for the company. in a report on Tuesday, December 29th. Morgan Stanley raised Waddell & Reed Financial from an “underweight” rating to an “equal weight” rating in a report on Friday, December 4th. Two research analysts have rated the stock with a sell rating and three have assigned a hold rating to the stock. Waddell & Reed Financial currently has an average rating of “Hold” and a consensus target price of $16.60.

Waddell & Reed Financial 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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