Waddell & Reed Financial, Inc. (NYSE:WDR) Shares Sold by Swiss National Bank

Swiss National Bank trimmed its position in Waddell & Reed Financial, Inc. (NYSE:WDR) by 0.7% during the 4th quarter, HoldingsChannel reports. The institutional investor owned 140,000 shares of the asset manager’s stock after selling 1,000 shares during the quarter. Swiss National Bank’s holdings in Waddell & Reed Financial were worth $2,341,000 at the end of the most recent reporting period.

Other hedge funds have also recently bought and sold shares of the company. Marshall Wace North America L.P. purchased a new stake in Waddell & Reed Financial in the first quarter valued at approximately $26,000. Tower Research Capital LLC TRC acquired a new stake in shares of Waddell & Reed Financial in the 3rd quarter valued at approximately $30,000. Massachusetts Financial Services Co. MA raised its position in shares of Waddell & Reed Financial by 12.6% in the 3rd quarter. Massachusetts Financial Services Co. MA now owns 16,332 shares of the asset manager’s stock valued at $280,000 after acquiring an additional 1,822 shares during the period. Alpha Windward LLC raised its position in shares of Waddell & Reed Financial by 8.2% in the 4th quarter. Alpha Windward LLC now owns 29,400 shares of the asset manager’s stock valued at $492,000 after acquiring an additional 2,220 shares during the period. Finally, 6 Meridian raised its position in shares of Waddell & Reed Financial by 18.9% in the 3rd quarter. 6 Meridian now owns 14,349 shares of the asset manager’s stock valued at $247,000 after acquiring an additional 2,283 shares during the period.

WDR stock traded up $0.09 during mid-day trading on Wednesday, hitting $14.12. 11,444 shares of the company were exchanged, compared to its average volume of 1,089,356. The company has a debt-to-equity ratio of 0.12, a quick ratio of 1.14 and a current ratio of 3.37. The firm has a market cap of $968.72 million, a P/E ratio of 9.20 and a beta of 1.41. The firm’s 50 day simple moving average is $16.12 and its 200 day simple moving average is $16.35. Waddell & Reed Financial, Inc. has a 1-year low of $13.49 and a 1-year high of $19.18.

Waddell & Reed Financial (NYSE:WDR) last announced its earnings results on Tuesday, February 4th. The asset manager reported $0.51 EPS for the quarter, topping the consensus estimate of $0.41 by $0.10. The firm had revenue of $270.10 million for the quarter, compared to the consensus estimate of $268.85 million. Waddell & Reed Financial had a net margin of 10.74% and a return on equity of 15.74%. The business’s quarterly revenue was down .8% on a year-over-year basis. During the same period last year, the company posted $0.60 EPS. On average, equities research analysts predict that Waddell & Reed Financial, Inc. will post 1.65 EPS for the current fiscal year.

The business also recently announced a quarterly dividend, which was paid on Monday, February 3rd. Shareholders of record on Monday, January 13th were issued a dividend of $0.25 per share. The ex-dividend date of this dividend was Friday, January 10th. This represents a $1.00 annualized dividend and a yield of 7.08%. Waddell & Reed Financial’s dividend payout ratio (DPR) is currently 53.19%.

WDR has been the topic of a number of analyst reports. Royal Bank of Canada reiterated a “sell” rating and issued a $14.00 price target on shares of Waddell & Reed Financial in a research report on Monday, January 6th. Zacks Investment Research downgraded shares of Waddell & Reed Financial from a “buy” rating to a “hold” rating and set a $17.00 price target on the stock. in a research report on Monday, February 24th. Five research analysts have rated the stock with a sell rating, one has issued a hold rating and two have given a buy rating to the stock. The company currently has an average rating of “Hold” and an average target price of $15.67.

Waddell & Reed Financial 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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