Trade Report: The UBS Asset Management Americas Inc. decides to keep it stake in Waddell & Reed Financial Inc. (WDR) to the level of $1,465,000

The UBS Asset Management Americas Inc. decides to keep it stake in Waddell & Reed Financial Inc. (WDR) to the level of $1,465,000

UBS Asset Management Americas Inc. raised its stake in Waddell & Reed Financial Inc. (NYSE:WDR) by 0.7% during the second quarter, Holdings Channel reports. The firm owned 85,056 shares of the company’s stock after buying an additional 595 shares during the period. UBS Asset Management Americas Inc. owned about 0.10% of Waddell & Reed Financial worth $1,465,000 as of its most recent filing with the SEC.

A number of other hedge funds and other institutional investors have also added to or reduced their stakes in WDR. State Treasurer State of Michigan increased its position in Waddell & Reed Financial by 0.3% in the second quarter. State Treasurer State of Michigan now owns 32,700 shares of the company’s stock valued at $563,000 after buying an additional 100 shares during the period. Mutual of America Capital Management LLC increased its position in Waddell & Reed Financial by 0.6% in the second quarter. Mutual of America Capital Management LLC now owns 58,787 shares of the company’s stock valued at $1,012,000 after buying an additional 373 shares during the period. Aperio Group LLC increased its position in Waddell & Reed Financial by 0.6% in the first quarter. Aperio Group LLC now owns 75,291 shares of the company’s stock valued at $1,772,000 after buying an additional 431 shares during the period. Oregon Public Employees Retirement Fund increased its position in Waddell & Reed Financial by 2.4% in the second quarter. Oregon Public Employees Retirement Fund now owns 27,972 shares of the company’s stock valued at $482,000 after buying an additional 663 shares during the period. Finally, Bancorpsouth Inc. increased its position in Waddell & Reed Financial by 3.2% in the second quarter. Bancorpsouth Inc. now owns 37,990 shares of the company’s stock valued at $655,000 after buying an additional 1,176 shares during the period. 83.13% of the stock is owned by institutional investors.

Shares of Waddell & Reed Financial Inc. (NYSE:WDR) traded down 2.92% during trading on Thursday, reaching $17.29. 182,814 shares of the company were exchanged. The stock’s 50 day moving average is $18.10 and its 200 day moving average is $19.35. Waddell & Reed Financial Inc. has a 1-year low of $15.70 and a 1-year high of $38.85. The company has a market capitalization of $1.43 billion, a price-to-earnings ratio of 7.88 and a beta of 1.78.

Waddell & Reed Financial (NYSE:WDR) last announced its earnings results on Tuesday, July 26th. The company reported $0.59 EPS for the quarter, beating the Zacks’ consensus estimate of $0.48 by $0.11. Waddell & Reed Financial had a net margin of 13.16% and a return on equity of 26.65%. The business earned $319.20 million during the quarter, compared to analysts’ expectations of $312.82 million. During the same period in the prior year, the company earned $0.80 earnings per share. The firm’s revenue was down 19.0% on a year-over-year basis. Equities analysts anticipate that Waddell & Reed Financial Inc. will post $1.86 earnings per share for the current year.

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, November 1st. Shareholders of record on Tuesday, October 11th will be issued a dividend of $0.46 per share. The ex-dividend date is Thursday, October 6th. This represents a $1.84 dividend on an annualized basis and a yield of 10.33%. Waddell & Reed Financial’s dividend payout ratio is currently 83.64%.

Several research firms recently commented on WDR. Royal Bank Of Canada cut their price objective on shares of Waddell & Reed Financial from $29.00 to $26.00 and set an “outperform” rating for the company in a report on Wednesday, July 27th. RBC Capital Markets set a $26.00 price target on shares of Waddell & Reed Financial and gave the company a “buy” rating in a report on Wednesday, July 27th. Zacks Investment Research raised shares of Waddell & Reed Financial from a “sell” rating to a “hold” rating in a report on Monday, August 1st. Citigroup Inc. raised shares of Waddell & Reed Financial from a “sell” rating to a “neutral” rating and set a $16.00 price target for the company in a report on Tuesday, July 12th. Finally, Jefferies Group reissued a “hold” rating and issued a $18.00 price target (down from $23.00) on shares of Waddell & Reed Financial in a report on Monday, July 11th. Three investment analysts have rated the stock with a sell rating, seven have issued a hold rating and two have issued a buy rating to the company’s stock. Waddell & Reed Financial presently has a consensus rating of “Hold” and a consensus price target of $23.82.

About Waddell & Reed Financial

Waddell & Reed Financial, Inc 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, Ivy Funds, Ivy Funds Variable Insurance Portfolios, InvestEd Portfolios and 529 college savings plan (collectively, the Funds), and the Ivy Global Investors Fund SICAV and its Ivy Global Investors sub-funds (the IGI Funds), and institutional and separately managed accounts.

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