Waddell & Reed Financial, Inc. (NYSE:WDR) VP Benjamin R. Clouse sold 5,903 shares of the stock in a transaction dated Monday, August 7th. The stock was sold at an average price of $20.01, for a total transaction of $118,119.03. Following the completion of the transaction, the vice president now directly owns 25,845 shares of the company’s stock, valued at approximately $517,158.45. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link.

Waddell & Reed Financial, Inc. (NYSE WDR) traded down 2.19% during mid-day trading on Wednesday, hitting $19.21. 1,198,765 shares of the stock traded hands. The firm has a market cap of $1.61 billion, a P/E ratio of 12.07 and a beta of 2.04. The firm’s 50-day moving average price is $19.84 and its 200-day moving average price is $18.20. Waddell & Reed Financial, Inc. has a 52 week low of $15.02 and a 52 week high of $22.45.

Waddell & Reed Financial (NYSE:WDR) last issued its earnings results on Tuesday, August 1st. The asset manager reported $0.39 EPS for the quarter, beating the consensus estimate of $0.37 by $0.02. The company had revenue of $286.70 million during the quarter, compared to analysts’ expectations of $285.25 million. Waddell & Reed Financial had a net margin of 11.34% and a return on equity of 18.75%. The business’s revenue for the quarter was down 10.2% compared to the same quarter last year. During the same period in the previous year, the company earned $0.59 EPS. On average, equities analysts forecast that Waddell & Reed Financial, Inc. will post $1.47 earnings per share for the current fiscal year.

The company also recently announced a quarterly dividend, which was paid on Tuesday, August 1st. Stockholders of record on Tuesday, July 11th were given a $0.46 dividend. This represents a $1.84 annualized dividend and a dividend yield of 9.58%. The ex-dividend date of this dividend was Friday, July 7th. Waddell & Reed Financial’s payout ratio is presently 115.72%.

ILLEGAL ACTIVITY WARNING: “Insider Selling: Waddell & Reed Financial, Inc. (WDR) VP Sells 5,903 Shares of Stock” was originally posted by Daily Political and is the sole property of of Daily Political. If you are accessing this article on another domain, it was copied illegally and republished in violation of international copyright & trademark laws. The correct version of this article can be read at https://www.dailypolitical.com/2017/08/09/insider-selling-waddell-reed-financial-inc-wdr-vp-sells-5903-shares-of-stock.html.

Several research analysts recently issued reports on WDR shares. Jefferies Group LLC reissued a “hold” rating and issued a $18.00 price target (down previously from $19.00) on shares of Waddell & Reed Financial in a research report on Wednesday, April 12th. Keefe, Bruyette & Woods reissued a “sell” rating and issued a $16.50 price target on shares of Waddell & Reed Financial in a research report on Friday, June 9th. BidaskClub raised shares of Waddell & Reed Financial from a “hold” rating to a “buy” rating in a research report on Thursday, June 15th. ValuEngine raised shares of Waddell & Reed Financial from a “hold” rating to a “buy” rating in a research report on Tuesday, June 20th. Finally, Royal Bank Of Canada started coverage on shares of Waddell & Reed Financial in a research report on Thursday, June 29th. They issued an “underperform” rating and a $17.00 price target for the company. Five equities research analysts have rated the stock with a sell rating, three have given a hold rating and two have given a buy rating to the company’s stock. The company has a consensus rating of “Hold” and a consensus target price of $17.81.

Several institutional investors have recently modified their holdings of the stock. Retirement Systems of Alabama boosted its position in shares of Waddell & Reed Financial by 1.7% in the first quarter. Retirement Systems of Alabama now owns 108,798 shares of the asset manager’s stock valued at $1,850,000 after buying an additional 1,863 shares during the last quarter. Rockland Trust Co. boosted its position in shares of Waddell & Reed Financial by 4.8% in the first quarter. Rockland Trust Co. now owns 57,202 shares of the asset manager’s stock valued at $972,000 after buying an additional 2,633 shares during the last quarter. Nisa Investment Advisors LLC boosted its position in shares of Waddell & Reed Financial by 6.3% in the first quarter. Nisa Investment Advisors LLC now owns 139,110 shares of the asset manager’s stock valued at $2,365,000 after buying an additional 8,260 shares during the last quarter. Gateway Investment Advisers LLC boosted its position in shares of Waddell & Reed Financial by 28.6% in the first quarter. Gateway Investment Advisers LLC now owns 231,185 shares of the asset manager’s stock valued at $3,930,000 after buying an additional 51,469 shares during the last quarter. Finally, Donald L. Hagan LLC boosted its position in shares of Waddell & Reed Financial by 1.4% in the first quarter. Donald L. Hagan LLC now owns 41,588 shares of the asset manager’s stock valued at $707,000 after buying an additional 582 shares during the last quarter. Institutional investors own 93.99% of the company’s stock.

Waddell & Reed Financial Company 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.

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