Bank of Montreal Can boosted its position in shares of Waddell & Reed Financial, Inc. (NYSE:WDR) by 819.4% during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 127,276 shares of the asset manager’s stock after buying an additional 113,432 shares during the period. Bank of Montreal Can’s holdings in Waddell & Reed Financial were worth $2,402,000 as of its most recent filing with the SEC.

Several other hedge funds and other institutional investors have also recently made changes to their positions in WDR. Commonwealth of Pennsylvania Public School Empls Retrmt SYS increased its position 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 worth $209,000 after buying an additional 50 shares during the period. Cipher Capital LP increased its position 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 worth $223,000 after buying an additional 104 shares during the period. Northwestern Mutual Investment Management Company LLC increased its position 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 worth $247,000 after buying an additional 252 shares during the period. Oregon Public Employees Retirement Fund increased its position 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 worth $492,000 after buying an additional 400 shares during the period. Finally, Advantus Capital Management Inc increased its position 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 worth $183,000 after buying an additional 498 shares during the period. 93.99% of the stock is owned by institutional investors.

Shares of Waddell & Reed Financial, Inc. (WDR) traded up 0.05% during mid-day trading on Friday, hitting $18.77. 307,999 shares of the company traded hands. Waddell & Reed Financial, Inc. has a one year low of $15.02 and a one year high of $22.45. The stock has a market capitalization of $1.57 billion, a price-to-earnings ratio of 11.80 and a beta of 2.04. The firm has a 50-day moving average of $19.90 and a 200-day moving average of $18.23.

Waddell & Reed Financial (NYSE:WDR) last posted its quarterly earnings results on Tuesday, August 1st. The asset manager reported $0.39 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.37 by $0.02. The company had revenue of $286.70 million during the quarter, compared to analyst estimates of $285.25 million. Waddell & Reed Financial had a net margin of 11.34% and a return on equity of 18.75%. The firm’s revenue for the quarter was down 10.2% on a year-over-year basis. During the same quarter in the prior year, the business earned $0.59 earnings per share. On average, equities analysts predict that Waddell & Reed Financial, Inc. will post $1.45 earnings per share for the current year.

The business also recently declared a quarterly dividend, which was paid on Tuesday, August 1st. Investors of record on Tuesday, July 11th were given a dividend of $0.46 per share. The ex-dividend date of this dividend was Friday, July 7th. This represents a $1.84 annualized dividend and a yield of 9.81%. Waddell & Reed Financial’s payout ratio is currently 115.72%.

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A number of research analysts have recently commented on the stock. BidaskClub downgraded shares of Waddell & Reed Financial from a “buy” rating to a “hold” rating in a research report on Friday. Keefe, Bruyette & Woods reissued a “hold” rating and issued a $20.00 price objective on shares of Waddell & Reed Financial in a research report on Thursday, August 3rd. Jefferies Group LLC reissued a “hold” rating and issued a $19.00 price objective (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 shares of Waddell & Reed Financial in a research report on Thursday, June 29th. They issued an “underperform” rating and a $17.00 price objective for the company. Finally, ValuEngine raised shares of Waddell & Reed Financial from a “hold” rating to a “buy” rating in a research report on Tuesday, June 20th. Five equities research analysts have rated the stock with a sell rating, four have assigned a hold rating and one has given a buy rating to the company’s stock. The stock currently has an average rating of “Hold” and a consensus price target of $17.81.

In related news, Director Alan W. Kosloff sold 25,076 shares of the stock in a transaction dated Thursday, August 3rd. The shares were sold at an average price of $19.40, for a total transaction of $486,474.40. Following the completion of the transaction, the director now owns 71,873 shares in the company, valued at $1,394,336.20. The transaction was disclosed in a document filed with the SEC, which is available through this link. Also, VP Benjamin R. Clouse sold 5,903 shares of the stock in a transaction dated Monday, August 7th. The shares were sold at an average price of $20.01, for a total transaction of $118,119.03. Following the transaction, the vice president now owns 25,845 shares of the company’s stock, valued at approximately $517,158.45. The disclosure for this sale can be found here. 3.80% of the stock is currently owned by corporate insiders.

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.

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

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