Capstone Asset Management Co. bought a new position in shares of Waddell & Reed Financial, Inc. (NYSE:WDR) during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund bought 17,188 shares of the asset manager’s stock, valued at approximately $325,000.

A number of other hedge funds have also recently made changes to their positions in WDR. Commonwealth of Pennsylvania Public School Empls Retrmt SYS raised its stake 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 last quarter. Cipher Capital LP raised its stake 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 last quarter. Northwestern Mutual Investment Management Company LLC raised its stake 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 last quarter. Oregon Public Employees Retirement Fund raised its stake 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 last quarter. Finally, Advantus Capital Management Inc raised its stake 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 last quarter. 93.99% of the stock is currently owned by institutional investors.

Waddell & Reed Financial, Inc. (WDR) traded down 0.16% during mid-day trading on Friday, hitting $18.73. The stock had a trading volume of 882,536 shares. The company has a market cap of $1.57 billion, a price-to-earnings ratio of 11.77 and a beta of 2.04. Waddell & Reed Financial, Inc. has a one year low of $15.02 and a one year high of $22.45. The company has a 50 day moving average price of $19.87 and a 200-day moving average price of $18.23.

Waddell & Reed Financial (NYSE:WDR) last posted its 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 business had revenue of $286.70 million for 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 business’s quarterly revenue was down 10.2% on a year-over-year basis. During the same quarter in the previous year, the business posted $0.59 EPS. Equities analysts expect that Waddell & Reed Financial, Inc. will post $1.45 earnings per share for the current fiscal year.

The firm also recently announced a quarterly dividend, which was paid on Tuesday, August 1st. Investors of record on Tuesday, July 11th were issued a dividend of $0.46 per share. The ex-dividend date was Friday, July 7th. This represents a $1.84 annualized dividend and a dividend yield of 9.82%. Waddell & Reed Financial’s payout ratio is 115.72%.

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A number of analysts have issued reports on the company. BidaskClub lowered Waddell & Reed Financial from a “buy” rating to a “hold” rating in a research report on Friday. Credit Suisse Group cut their target price on Waddell & Reed Financial from $19.00 to $18.00 and set an “underperform” rating on the stock in a research report on Friday. Keefe, Bruyette & Woods reissued a “hold” rating and issued a $20.00 target price 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 target price (down previously from $20.00) on shares of Waddell & Reed Financial in a research report on Wednesday, August 2nd. Finally, Royal Bank Of Canada assumed coverage on Waddell & Reed Financial in a research report on Thursday, June 29th. They issued an “underperform” rating and a $17.00 target price on the stock. Five analysts have rated the stock with a sell rating, four have given a hold rating and one has given a buy rating to the company’s stock. The company currently has an average rating of “Hold” and an average price target of $18.06.

In related news, VP Benjamin R. Clouse sold 5,903 shares of Waddell & Reed Financial stock in a transaction on 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 in the company, valued at approximately $517,158.45. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director Alan W. Kosloff sold 25,076 shares of Waddell & Reed Financial stock in a transaction on Thursday, August 3rd. The shares were sold at an average price of $19.40, for a total transaction of $486,474.40. Following the transaction, the director now owns 71,873 shares in the company, valued at approximately $1,394,336.20. The disclosure for this sale can be found here. Insiders own 3.80% 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.

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

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