Home / FINANCIAL NEWS / Russell Investments Group Ltd. Has $851,000 Holdings in Waddell & Reed Financial, Inc. (WDR)

Russell Investments Group Ltd. Has $851,000 Holdings in Waddell & Reed Financial, Inc. (WDR)

Russell Investments Group Ltd. increased its position in Waddell & Reed Financial, Inc. (NYSE:WDR) by 43.4% in the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 45,086 shares of the asset manager’s stock after purchasing an additional 13,636 shares during the quarter. Russell Investments Group Ltd. owned 0.05% of Waddell & Reed Financial worth $851,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds have also recently made changes to their positions in WDR. BlackRock Inc. boosted its stake in shares of Waddell & Reed Financial by 23,010.1% in the first quarter. BlackRock Inc. now owns 16,672,997 shares of the asset manager’s stock valued at $283,440,000 after purchasing an additional 16,600,851 shares during the period. Dimensional Fund Advisors LP boosted its stake in shares of Waddell & Reed Financial by 119.7% in the first quarter. Dimensional Fund Advisors LP now owns 2,003,501 shares of the asset manager’s stock valued at $34,059,000 after purchasing an additional 1,091,695 shares during the period. State Street Corp boosted its stake in shares of Waddell & Reed Financial by 19.4% in the first quarter. State Street Corp now owns 3,481,236 shares of the asset manager’s stock valued at $59,185,000 after purchasing an additional 565,584 shares during the period. Global X Management Co. LLC purchased a new position in shares of Waddell & Reed Financial in the first quarter valued at $7,726,000. Finally, Schroder Investment Management Group boosted its stake in shares of Waddell & Reed Financial by 24.4% in the first quarter. Schroder Investment Management Group now owns 2,164,833 shares of the asset manager’s stock valued at $36,802,000 after purchasing an additional 424,885 shares during the period. Institutional investors and hedge funds own 96.37% of the company’s stock.

Several brokerages have recently weighed in on WDR. Credit Suisse Group decreased their target price on shares of Waddell & Reed Financial from $19.00 to $18.00 and set an “underperform” rating for the company in a research note on Friday, August 11th. Jefferies Group LLC restated a “hold” rating and issued a $18.00 target price on shares of Waddell & Reed Financial in a research note on Wednesday, June 28th. BidaskClub downgraded shares of Waddell & Reed Financial from a “hold” rating to a “sell” rating in a research note on Saturday, August 19th. ValuEngine downgraded shares of Waddell & Reed Financial from a “buy” rating to a “hold” rating in a research note on Wednesday, September 6th. Finally, Royal Bank Of Canada set a $18.00 price target on shares of Waddell & Reed Financial and gave the company a “sell” rating in a report on Wednesday, August 2nd. Six investment analysts have rated the stock with a sell rating and four have assigned a hold rating to the company. The company presently has a consensus rating of “Sell” and an average target price of $18.06.

In other Waddell & Reed Financial news, Director Alan W. Kosloff sold 25,076 shares of Waddell & Reed Financial stock in a transaction on Thursday, August 3rd. The shares were sold at an average price of $19.40, for a total transaction of $486,474.40. Following the sale, the director now owns 71,873 shares in the company, valued at $1,394,336.20. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, VP Benjamin R. Clouse sold 5,903 shares of Waddell & Reed Financial stock in a transaction on Monday, August 7th. The stock was sold at an average price of $20.01, for a total transaction of $118,119.03. Following the sale, the vice president now owns 25,845 shares in the company, valued at approximately $517,158.45. The disclosure for this sale can be found here. Company insiders own 3.80% of the company’s stock.

Shares of Waddell & Reed Financial, Inc. (NYSE:WDR) opened at 20.07 on Friday. Waddell & Reed Financial, Inc. has a 12-month low of $15.02 and a 12-month high of $22.45. The company has a 50-day moving average of $18.67 and a 200 day moving average of $18.21. The firm has a market capitalization of $1.68 billion, a PE ratio of 12.61 and a beta of 2.06.

Waddell & Reed Financial (NYSE:WDR) last announced its quarterly earnings data on Tuesday, August 1st. The asset manager reported $0.39 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.37 by $0.02. The business had revenue of $286.70 million for the quarter, compared to the consensus estimate of $285.25 million. Waddell & Reed Financial had a net margin of 11.34% and a return on equity of 18.75%. Waddell & Reed Financial’s quarterly revenue was down 10.2% on a year-over-year basis. During the same quarter last year, the company posted $0.59 earnings per share. On average, analysts predict that Waddell & Reed Financial, Inc. will post $1.45 EPS for the current year.

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, November 1st. Stockholders of record on Wednesday, October 11th will be paid a $0.46 dividend. The ex-dividend date is Tuesday, October 10th. This represents a $1.84 annualized dividend and a dividend yield of 9.17%. Waddell & Reed Financial’s payout ratio is 115.72%.

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Waddell & Reed Financial Company Profile

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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