Robeco Institutional Asset Management B.V. Buys 200,854 Shares of Waddell & Reed Financial, Inc. (NYSE:WDR)

Robeco Institutional Asset Management B.V. boosted its stake in shares of Waddell & Reed Financial, Inc. (NYSE:WDR) by 30.2% in the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 866,664 shares of the asset manager’s stock after buying an additional 200,854 shares during the quarter. Robeco Institutional Asset Management B.V. owned approximately 1.15% of Waddell & Reed Financial worth $14,449,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds also recently made changes to their positions in WDR. Geode Capital Management LLC raised its holdings in shares of Waddell & Reed Financial by 0.3% in the 4th quarter. Geode Capital Management LLC now owns 1,185,192 shares of the asset manager’s stock valued at $21,427,000 after purchasing an additional 3,834 shares in the last quarter. 6 Meridian bought a new stake in shares of Waddell & Reed Financial in the 1st quarter valued at about $204,000. Metropolitan Life Insurance Co. NY raised its holdings in shares of Waddell & Reed Financial by 321.0% in the 4th quarter. Metropolitan Life Insurance Co. NY now owns 24,078 shares of the asset manager’s stock valued at $435,000 after purchasing an additional 18,359 shares in the last quarter. Nisa Investment Advisors LLC raised its holdings in shares of Waddell & Reed Financial by 52.9% in the 2nd quarter. Nisa Investment Advisors LLC now owns 104,000 shares of the asset manager’s stock valued at $1,734,000 after purchasing an additional 36,000 shares in the last quarter. Finally, Alpha Windward LLC raised its holdings in shares of Waddell & Reed Financial by 8.8% in the 1st quarter. Alpha Windward LLC now owns 26,760 shares of the asset manager’s stock valued at $463,000 after purchasing an additional 2,160 shares in the last quarter. Institutional investors own 98.19% of the company’s stock.

Shares of NYSE WDR traded down $0.58 during trading hours on Monday, hitting $16.43. 10,602 shares of the stock were exchanged, compared to its average volume of 951,985. The company has a debt-to-equity ratio of 0.11, a quick ratio of 1.46 and a current ratio of 4.41. The firm has a market capitalization of $1.24 billion, a P/E ratio of 7.28, a PEG ratio of 4.01 and a beta of 1.43. The firm’s fifty day simple moving average is $16.82. Waddell & Reed Financial, Inc. has a 12 month low of $15.96 and a 12 month high of $21.63.

Waddell & Reed Financial (NYSE:WDR) last posted its quarterly earnings data on Tuesday, July 30th. The asset manager reported $0.42 EPS for the quarter, topping the consensus estimate of $0.37 by $0.05. The firm had revenue of $270.20 million during the quarter, compared to analyst estimates of $267.48 million. Waddell & Reed Financial had a net margin of 14.48% and a return on equity of 17.88%. Waddell & Reed Financial’s revenue was down 8.5% on a year-over-year basis. During the same quarter in the previous year, the business posted $0.55 EPS. Research analysts predict that Waddell & Reed Financial, Inc. will post 1.7 EPS for the current year.

The company also recently disclosed a quarterly dividend, which was paid on Thursday, August 1st. Investors of record on Thursday, July 11th were paid a dividend of $0.25 per share. The ex-dividend date was Wednesday, July 10th. This represents a $1.00 annualized dividend and a dividend yield of 6.09%. Waddell & Reed Financial’s dividend payout ratio (DPR) is presently 43.86%.

Several research firms have recently commented on WDR. Citigroup set a $15.00 price target on shares of Waddell & Reed Financial and gave the company a “sell” rating in a report on Wednesday, July 31st. Gabelli restated a “buy” rating on shares of Waddell & Reed Financial in a report on Wednesday, May 1st. Zacks Investment Research upgraded shares of Waddell & Reed Financial from a “sell” rating to a “hold” rating and set a $20.00 price target for the company in a report on Tuesday, April 9th. Finally, Bank of America upgraded shares of Waddell & Reed Financial from an “underperform” rating to a “neutral” rating and set a $18.59 price target for the company in a report on Friday, April 12th. Four investment analysts have rated the stock with a sell rating, three have assigned a hold rating and one has issued a buy rating to the stock. The stock currently has a consensus rating of “Hold” and an average price target of $17.10.

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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