Vident Investment Advisory LLC raised its stake in shares of Waddell & Reed Financial, Inc. (NYSE:WDR) by 18.4% during the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 190,051 shares of the asset manager’s stock after acquiring an additional 29,469 shares during the period. Vident Investment Advisory LLC owned about 0.24% of Waddell & Reed Financial worth $3,415,000 as of its most recent SEC filing.

A number of other large investors also recently modified their holdings of WDR. Stratos Wealth Partners LTD. increased its holdings in Waddell & Reed Financial by 298.0% in the 1st quarter. Stratos Wealth Partners LTD. now owns 8,816 shares of the asset manager’s stock worth $178,000 after acquiring an additional 6,601 shares during the last quarter. Laurion Capital Management LP bought a new stake in Waddell & Reed Financial in the 2nd quarter worth approximately $191,000. Neuburgh Advisers LLC lifted its position in Waddell & Reed Financial by 34.2% in the 2nd quarter. Neuburgh Advisers LLC now owns 11,044 shares of the asset manager’s stock worth $198,000 after buying an additional 2,816 shares during the last quarter. Riverhead Capital Management LLC lifted its position in Waddell & Reed Financial by 34.0% in the 2nd quarter. Riverhead Capital Management LLC now owns 12,621 shares of the asset manager’s stock worth $227,000 after buying an additional 3,200 shares during the last quarter. Finally, Tyers Asset Management LLC lifted its position in Waddell & Reed Financial by 34.2% in the 2nd quarter. Tyers Asset Management LLC now owns 14,056 shares of the asset manager’s stock worth $253,000 after buying an additional 3,584 shares during the last quarter. Institutional investors and hedge funds own 98.18% of the company’s stock.

NYSE:WDR opened at $20.26 on Friday. The company has a market capitalization of $1.63 billion, a P/E ratio of 10.55, a PEG ratio of 1.24 and a beta of 1.88. Waddell & Reed Financial, Inc. has a 1-year low of $17.53 and a 1-year high of $23.82. The company has a quick ratio of 1.75, a current ratio of 3.99 and a debt-to-equity ratio of 0.11.

Waddell & Reed Financial (NYSE:WDR) last released its earnings results on Tuesday, July 31st. The asset manager reported $0.55 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.48 by $0.07. Waddell & Reed Financial had a return on equity of 19.29% and a net margin of 13.47%. The company had revenue of $295.34 million during the quarter, compared to the consensus estimate of $288.92 million. During the same quarter in the previous year, the company posted $0.29 EPS. Waddell & Reed Financial’s quarterly revenue was up 3.0% compared to the same quarter last year. equities analysts forecast that Waddell & Reed Financial, Inc. will post 2.2 EPS for the current fiscal year.

In other Waddell & Reed Financial news, Director Alan W. Kosloff sold 19,614 shares of the business’s stock in a transaction that occurred on Wednesday, September 12th. The stock was sold at an average price of $20.42, for a total value of $400,517.88. Following the completion of the sale, the director now owns 22,184 shares in the company, valued at $452,997.28. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Insiders own 3.40% of the company’s stock.

A number of analysts recently weighed in on WDR shares. Zacks Investment Research upgraded Waddell & Reed Financial from a “hold” rating to a “buy” rating and set a $23.00 target price for the company in a research report on Friday, August 3rd. Keefe, Bruyette & Woods restated a “hold” rating and issued a $23.00 target price on shares of Waddell & Reed Financial in a research report on Wednesday, August 1st. Finally, ValuEngine upgraded Waddell & Reed Financial from a “sell” rating to a “hold” rating in a research report on Thursday, May 17th. Five investment analysts have rated the stock with a sell rating, three have assigned a hold rating and one has assigned a buy rating to the company’s stock. Waddell & Reed Financial currently has an average rating of “Hold” and a consensus target price of $20.63.

Waddell & Reed Financial Company Profile

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 Financial (NYSE:WDR)

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