Xact Kapitalforvaltning AB bought a new stake in Waddell & Reed (NYSE:WDR) in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund bought 10,032 shares of the asset manager’s stock, valued at approximately $224,000.

Several other large investors have also recently bought and sold shares of WDR. Assetmark Inc. bought a new position in shares of Waddell & Reed in the fourth quarter valued at approximately $103,000. Contravisory Investment Management Inc. bought a new position in shares of Waddell & Reed in the fourth quarter valued at approximately $161,000. MANA Advisors LLC bought a new position in shares of Waddell & Reed in the fourth quarter valued at approximately $238,000. Trilogy Capital Inc. bought a new position in shares of Waddell & Reed in the fourth quarter valued at approximately $257,000. Finally, GSA Capital Partners LLP bought a new position in shares of Waddell & Reed in the third quarter valued at approximately $270,000. Institutional investors own 97.43% of the company’s stock.

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Shares of Waddell & Reed stock opened at $20.10 on Tuesday. The company has a debt-to-equity ratio of 0.11, a current ratio of 3.09 and a quick ratio of 1.16. The company has a market capitalization of $1,661.40, a P/E ratio of 10.47 and a beta of 1.95. Waddell & Reed has a fifty-two week low of $16.32 and a fifty-two week high of $23.82.

Waddell & Reed (NYSE:WDR) last issued its quarterly earnings results on Tuesday, January 30th. The asset manager reported $0.48 earnings per share for the quarter, beating analysts’ consensus estimates of $0.45 by $0.03. The business had revenue of $294.48 million during the quarter, compared to analyst estimates of $286.55 million. Waddell & Reed had a net margin of 10.72% and a return on equity of 16.63%. Waddell & Reed’s revenue for the quarter was up .5% compared to the same quarter last year. During the same quarter last year, the business posted $0.43 earnings per share. equities analysts predict that Waddell & Reed will post 2.23 earnings per share for the current fiscal year.

The business also recently declared a quarterly dividend, which will be paid on Tuesday, May 1st. Investors of record on Tuesday, April 10th will be issued a $0.25 dividend. This represents a $1.00 dividend on an annualized basis and a dividend yield of 4.98%. The ex-dividend date of this dividend is Monday, April 9th. Waddell & Reed’s dividend payout ratio is currently 52.08%.

A number of research analysts have recently issued reports on the stock. Keefe, Bruyette & Woods reiterated a “hold” rating and issued a $23.00 target price on shares of Waddell & Reed in a research note on Friday, December 22nd. Morgan Stanley lifted their target price on shares of Waddell & Reed from $20.00 to $21.00 and gave the company an “underweight” rating in a research note on Tuesday, February 13th. Royal Bank of Canada reiterated a “sell” rating and issued a $20.00 target price on shares of Waddell & Reed in a research note on Wednesday, January 31st. Jefferies Group reiterated a “hold” rating and issued a $23.00 target price on shares of Waddell & Reed in a research note on Thursday, January 11th. Finally, Zacks Investment Research cut shares of Waddell & Reed from a “strong-buy” rating to a “hold” rating in a research note on Friday. Five investment analysts have rated the stock with a sell rating, four have assigned a hold rating and one has assigned a buy rating to the company. Waddell & Reed has an average rating of “Hold” and an average price target of $21.50.

In related news, Director Jerry W. Walton sold 5,792 shares of the firm’s stock in a transaction that occurred on Thursday, February 1st. The shares were sold at an average price of $22.95, for a total value of $132,926.40. Following the completion of the sale, the director now owns 81,332 shares of the company’s stock, valued at $1,866,569.40. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. Company insiders own 3.40% of the company’s stock.

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About Waddell & Reed

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 (NYSE:WDR)

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