Waddell & Reed Financial, Inc. (NYSE:WDR) Director Jerry W. Walton sold 9,427 shares of the stock in a transaction on Friday, November 16th. The stock was sold at an average price of $19.05, for a total transaction of $179,584.35. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink.

NYSE:WDR opened at $19.53 on Wednesday. The company has a quick ratio of 1.80, a current ratio of 4.04 and a debt-to-equity ratio of 0.11. The firm has a market capitalization of $1.54 billion, a price-to-earnings ratio of 10.17, a P/E/G ratio of 1.13 and a beta of 1.64. Waddell & Reed Financial, Inc. has a 12 month low of $17.53 and a 12 month high of $23.82.

Waddell & Reed Financial (NYSE:WDR) last posted its quarterly earnings results on Tuesday, October 30th. The asset manager reported $0.58 EPS for the quarter, topping analysts’ consensus estimates of $0.56 by $0.02. The business had revenue of $295.10 million during the quarter, compared to analysts’ expectations of $293.63 million. Waddell & Reed Financial had a net margin of 14.11% and a return on equity of 20.10%. The business’s quarterly revenue was up 2.0% on a year-over-year basis. During the same period last year, the company posted $0.44 earnings per share. As a group, research analysts anticipate that Waddell & Reed Financial, Inc. will post 2.22 EPS for the current year.

The business also recently declared a quarterly dividend, which was paid on Thursday, November 1st. Shareholders of record on Thursday, October 11th were issued a $0.25 dividend. This represents a $1.00 dividend on an annualized basis and a yield of 5.12%. The ex-dividend date was Wednesday, October 10th. Waddell & Reed Financial’s payout ratio is 52.08%.

Several equities research analysts have recently weighed in on WDR shares. Zacks Investment Research cut shares of Waddell & Reed Financial from a “buy” rating to a “hold” rating in a research report on Monday, October 22nd. ValuEngine upgraded shares of Waddell & Reed Financial from a “strong sell” rating to a “sell” rating in a research report on Wednesday, August 8th. Royal Bank of Canada set a $17.00 price objective on shares of Waddell & Reed Financial and gave the stock a “sell” rating in a research report on Wednesday, October 31st. Citigroup set a $20.00 price objective on shares of Waddell & Reed Financial and gave the stock a “hold” rating in a research report on Wednesday, October 31st. Finally, Credit Suisse Group decreased their price objective on shares of Waddell & Reed Financial from $20.00 to $18.00 and set an “underperform” rating for the company in a research report on Wednesday, October 31st. Five investment analysts have rated the stock with a sell rating and four have given a hold rating to the company’s stock. The company has a consensus rating of “Sell” and an average price target of $20.38.

Large investors have recently bought and sold shares of the business. Zeke Capital Advisors LLC acquired a new stake in Waddell & Reed Financial in the third quarter worth $204,000. Laurion Capital Management LP acquired a new stake in Waddell & Reed Financial in the second quarter worth $191,000. Private Advisor Group LLC acquired a new stake in Waddell & Reed Financial in the third quarter worth $233,000. Neuburgh Advisers LLC grew its holdings in Waddell & Reed Financial by 34.2% in the second quarter. Neuburgh Advisers LLC now owns 11,044 shares of the asset manager’s stock worth $198,000 after purchasing an additional 2,816 shares during the period. Finally, Riverhead Capital Management LLC grew its holdings in Waddell & Reed Financial by 34.0% in the second quarter. Riverhead Capital Management LLC now owns 12,621 shares of the asset manager’s stock worth $227,000 after purchasing an additional 3,200 shares during the period.

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About Waddell & Reed Financial

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.

See Also: Initial Public Offering (IPO)

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