Russell Investments Group Ltd. raised its holdings in Waddell & Reed Financial, Inc. (NYSE:WDR) by 42.2% during the third quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 64,110 shares of the asset manager’s stock after purchasing an additional 19,024 shares during the quarter. Russell Investments Group Ltd. owned 0.08% of Waddell & Reed Financial worth $1,287,000 as of its most recent SEC filing.

Other hedge funds have also modified their holdings of the company. Riverhead Capital Management LLC boosted its holdings in shares of Waddell & Reed Financial by 79.0% in the 2nd quarter. Riverhead Capital Management LLC now owns 6,624 shares of the asset manager’s stock valued at $125,000 after purchasing an additional 2,924 shares in the last quarter. Flinton Capital Management LLC boosted its holdings in shares of Waddell & Reed Financial by 80.3% in the 2nd quarter. Flinton Capital Management LLC now owns 9,010 shares of the asset manager’s stock valued at $170,000 after purchasing an additional 4,012 shares in the last quarter. C M Bidwell & Associates Ltd. acquired a new stake in shares of Waddell & Reed Financial in the 2nd quarter valued at $173,000. CIBC World Markets Inc. acquired a new stake in shares of Waddell & Reed Financial during the 2nd quarter valued at $205,000. Finally, Chicago Equity Partners LLC acquired a new stake in shares of Waddell & Reed Financial during the 3rd quarter valued at $205,000. 97.43% of the stock is currently owned by hedge funds and other institutional investors.

Several equities research analysts recently weighed in on WDR shares. Zacks Investment Research raised Waddell & Reed Financial from a “hold” rating to a “buy” rating and set a $23.00 price objective on the stock in a report on Thursday, October 5th. ValuEngine raised Waddell & Reed Financial from a “hold” rating to a “buy” rating in a report on Monday, October 2nd. Jefferies Group raised their price objective on Waddell & Reed Financial from $19.00 to $20.00 and gave the company a “hold” rating in a report on Tuesday, October 10th. Keefe, Bruyette & Woods reissued a “hold” rating and set a $23.00 price objective on shares of Waddell & Reed Financial in a report on Friday, December 22nd. Finally, Royal Bank of Canada set a $18.00 price objective on Waddell & Reed Financial and gave the company a “sell” rating in a report on Wednesday, October 18th. Six investment analysts have rated the stock with a sell rating, three have given a hold rating and one has assigned a buy rating to the stock. The company currently has an average rating of “Hold” and an average target price of $19.25.

In other Waddell & Reed Financial news, Director Alan W. Kosloff sold 19,178 shares of Waddell & Reed Financial stock in a transaction dated Monday, November 20th. The stock was sold at an average price of $19.82, for a total transaction of $380,107.96. Following the transaction, the director now directly owns 52,695 shares of the company’s stock, valued at approximately $1,044,414.90. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, CMO Thomas W. Butch sold 5,000 shares of Waddell & Reed Financial stock in a transaction dated Thursday, November 9th. The stock was sold at an average price of $19.26, for a total value of $96,300.00. Following the transaction, the chief marketing officer now directly owns 248 shares in the company, valued at $4,776.48. The disclosure for this sale can be found here. Insiders have sold a total of 100,619 shares of company stock worth $2,192,613 over the last ninety days. Company insiders own 3.80% of the company’s stock.

Shares of Waddell & Reed Financial, Inc. (NYSE WDR) opened at $22.43 on Thursday. The company has a current ratio of 3.02, a quick ratio of 1.14 and a debt-to-equity ratio of 0.11. Waddell & Reed Financial, Inc. has a twelve month low of $16.11 and a twelve month high of $22.88. The firm has a market capitalization of $1,890.00, a price-to-earnings ratio of 16.02 and a beta of 2.10.

Waddell & Reed Financial (NYSE:WDR) last announced its earnings results on Tuesday, October 24th. The asset manager reported $0.45 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.41 by $0.04. The firm had revenue of $289.45 million for the quarter, compared to the consensus estimate of $285.30 million. Waddell & Reed Financial had a return on equity of 16.81% and a net margin of 10.10%. The business’s quarterly revenue was down 4.5% compared to the same quarter last year. During the same period in the previous year, the business earned $0.65 EPS. research analysts forecast that Waddell & Reed Financial, Inc. will post 1.52 earnings per share for the current year.

The business also recently announced a quarterly dividend, which will be paid on Thursday, February 1st. Shareholders of record on Thursday, January 11th will be issued a dividend of $0.25 per share. This represents a $1.00 annualized dividend and a yield of 4.46%. The ex-dividend date of this dividend is Wednesday, January 10th. Waddell & Reed Financial’s payout ratio is presently 131.43%.

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About Waddell & Reed Financial

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.

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

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