Waddell & Reed Financial, Inc. (NYSE:WDR) Shares Sold by Foresters Investment Management Company Inc.

Foresters Investment Management Company Inc. decreased its position in shares of Waddell & Reed Financial, Inc. (NYSE:WDR) by 4.9% in the 2nd quarter, according to its most recent 13F filing with the SEC. The firm owned 570,200 shares of the asset manager’s stock after selling 29,600 shares during the quarter. Foresters Investment Management Company Inc. owned approximately 0.78% of Waddell & Reed Financial worth $9,505,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors also recently modified their holdings of the business. Robeco Institutional Asset Management B.V. boosted its position in shares of Waddell & Reed Financial by 55.5% during the 1st quarter. Robeco Institutional Asset Management B.V. now owns 665,810 shares of the asset manager’s stock valued at $11,512,000 after acquiring an additional 237,523 shares during the last quarter. PNC Financial Services Group Inc. increased its stake in Waddell & Reed Financial by 2,763.1% in the 1st quarter. PNC Financial Services Group Inc. now owns 244,026 shares of the asset manager’s stock worth $4,219,000 after purchasing an additional 235,503 shares during the period. JPMorgan Chase & Co. increased its stake in Waddell & Reed Financial by 79.5% in the 2nd quarter. JPMorgan Chase & Co. now owns 278,059 shares of the asset manager’s stock worth $4,624,000 after purchasing an additional 123,110 shares during the period. Bank of New York Mellon Corp grew its position in shares of Waddell & Reed Financial by 7.7% in the 2nd quarter. Bank of New York Mellon Corp now owns 1,381,305 shares of the asset manager’s stock worth $23,026,000 after buying an additional 99,178 shares during the last quarter. Finally, Burney Co. grew its position in shares of Waddell & Reed Financial by 193.3% in the 1st quarter. Burney Co. now owns 105,579 shares of the asset manager’s stock worth $1,825,000 after buying an additional 69,587 shares during the last quarter.

A number of equities research analysts have recently weighed in on WDR shares. Bank of America lowered Waddell & Reed Financial from a “neutral” rating to an “underperform” rating in a research report on Friday. Evercore ISI set a $17.00 price objective on Waddell & Reed Financial and gave the stock a “hold” rating in a research report on Monday, August 12th. Finally, Citigroup set a $15.00 price objective on Waddell & Reed Financial and gave the stock a “sell” rating in a research report on Wednesday, July 31st. Five analysts have rated the stock with a sell rating, three have given a hold rating and one has assigned a buy rating to the company’s stock. Waddell & Reed Financial presently has an average rating of “Hold” and a consensus price target of $17.08.

WDR traded down $0.12 during midday trading on Friday, reaching $17.95. The company had a trading volume of 10,227 shares, compared to its average volume of 669,172. The company has a market cap of $1.32 billion, a P/E ratio of 7.87, a P/E/G ratio of 4.29 and a beta of 1.44. The company has a quick ratio of 1.20, a current ratio of 3.78 and a debt-to-equity ratio of 0.11. The business has a 50-day moving average of $16.43 and a two-hundred day moving average of $17.17. Waddell & Reed Financial, Inc. has a 1 year low of $15.09 and a 1 year high of $21.63.

Waddell & Reed Financial (NYSE:WDR) last released its quarterly earnings data on Tuesday, July 30th. The asset manager reported $0.42 earnings per share for the quarter, topping analysts’ consensus estimates 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 return on equity of 17.88% and a net margin of 14.48%. The business’s quarterly revenue was down 8.5% compared to the same quarter last year. During the same quarter in the prior year, the company posted $0.55 earnings per share. On average, equities research analysts predict that Waddell & Reed Financial, Inc. will post 1.68 EPS for the current year.

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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