Financial Counselors Inc. grew its holdings in shares of Waddell & Reed Financial, Inc. (NYSE:WDR) by 1.5% in the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 21,675 shares of the asset manager’s stock after buying an additional 330 shares during the quarter. Financial Counselors Inc.’s holdings in Waddell & Reed Financial were worth $409,000 as of its most recent SEC filing.

Other institutional investors have also added to or reduced their stakes in the company. Advantus Capital Management Inc boosted its stake in shares of Waddell & Reed Financial by 4.8% during the 1st quarter. Advantus Capital Management Inc now owns 10,790 shares of the asset manager’s stock valued at $183,000 after buying an additional 498 shares during the last quarter. CIBC Asset Management Inc purchased a new position in shares of Waddell & Reed Financial during the 2nd quarter valued at approximately $194,000. CIBC World Markets Inc. purchased a new position in shares of Waddell & Reed Financial during the 2nd quarter valued at approximately $205,000. Commonwealth of Pennsylvania Public School Empls Retrmt SYS boosted its stake in shares of Waddell & Reed Financial by 0.4% during the 1st quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS now owns 12,310 shares of the asset manager’s stock valued at $209,000 after buying an additional 50 shares during the last quarter. Finally, Gotham Asset Management LLC boosted its stake in shares of Waddell & Reed Financial by 19.3% during the 1st quarter. Gotham Asset Management LLC now owns 12,632 shares of the asset manager’s stock valued at $215,000 after buying an additional 2,042 shares during the last quarter. Institutional investors own 96.42% of the company’s stock.

Shares of Waddell & Reed Financial, Inc. (WDR) opened at 18.53 on Thursday. Waddell & Reed Financial, Inc. has a 52 week low of $15.02 and a 52 week high of $22.45. The company has a 50-day moving average price of $19.00 and a 200 day moving average price of $18.24. The firm has a market cap of $1.55 billion, a price-to-earnings ratio of 11.65 and a beta of 2.06.

Waddell & Reed Financial (NYSE:WDR) last announced its earnings results on Tuesday, August 1st. The asset manager reported $0.39 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.37 by $0.02. Waddell & Reed Financial had a return on equity of 18.75% and a net margin of 11.34%. The company had revenue of $286.70 million for the quarter, compared to analyst estimates of $285.25 million. During the same quarter last year, the company earned $0.59 earnings per share. The firm’s quarterly revenue was down 10.2% compared to the same quarter last year. Analysts expect that Waddell & Reed Financial, Inc. will post $1.45 EPS for the current fiscal year.

Several research firms have recently commented on WDR. Credit Suisse Group reduced their target price on Waddell & Reed Financial from $19.00 to $18.00 and set an “underperform” rating for the company in a research note on Friday, August 11th. Jefferies Group LLC reiterated a “hold” rating and set a $18.00 target price on shares of Waddell & Reed Financial in a research note on Wednesday, June 28th. BidaskClub cut Waddell & Reed Financial from a “hold” rating to a “sell” rating in a research note on Saturday, August 19th. ValuEngine cut Waddell & Reed Financial from a “buy” rating to a “hold” rating in a research note on Wednesday, September 6th. Finally, Royal Bank Of Canada set a $18.00 target price on Waddell & Reed Financial and gave the company a “sell” rating in a research note on Wednesday, August 2nd. Six investment analysts have rated the stock with a sell rating and four have assigned a hold rating to the company’s stock. The company currently has an average rating of “Sell” and an average target price of $18.06.

In other Waddell & Reed Financial news, VP Benjamin R. Clouse sold 5,903 shares of the firm’s stock in a transaction on Monday, August 7th. The stock was 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 filing with the SEC, which is available through this hyperlink. Also, Director Alan W. Kosloff sold 25,076 shares of the firm’s stock in a transaction on Thursday, August 3rd. The stock was sold at an average price of $19.40, for a total value 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. 3.80% of the stock is owned by company insiders.

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Waddell & Reed Financial 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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