Cipher Capital LP Has $661,000 Holdings in Waddell & Reed Financial, Inc. (NYSE:WDR)

Cipher Capital LP increased its holdings in Waddell & Reed Financial, Inc. (NYSE:WDR) by 166.9% during the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 35,035 shares of the asset manager’s stock after purchasing an additional 21,908 shares during the quarter. Cipher Capital LP’s holdings in Waddell & Reed Financial were worth $661,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors and hedge funds also recently modified their holdings of WDR. Teachers Advisors LLC lifted its holdings in Waddell & Reed Financial by 1.2% in the fourth quarter. Teachers Advisors LLC now owns 140,178 shares of the asset manager’s stock worth $2,735,000 after buying an additional 1,601 shares during the period. Louisiana State Employees Retirement System lifted its holdings in Waddell & Reed Financial by 3.9% in the first quarter. Louisiana State Employees Retirement System now owns 21,300 shares of the asset manager’s stock worth $362,000 after buying an additional 800 shares during the period. Retirement Systems of Alabama lifted its holdings in Waddell & Reed Financial by 1.7% in the first quarter. Retirement Systems of Alabama now owns 108,798 shares of the asset manager’s stock worth $1,850,000 after buying an additional 1,863 shares during the period. Russell Investments Group Ltd. lifted its holdings in Waddell & Reed Financial by 8.4% in the first quarter. Russell Investments Group Ltd. now owns 31,450 shares of the asset manager’s stock worth $535,000 after buying an additional 2,425 shares during the period. Finally, Oregon Public Employees Retirement Fund lifted its holdings in Waddell & Reed Financial by 1.4% in the first quarter. Oregon Public Employees Retirement Fund now owns 28,934 shares of the asset manager’s stock worth $492,000 after buying an additional 400 shares during the period. Institutional investors and hedge funds own 96.37% of the company’s stock.

Shares of Waddell & Reed Financial, Inc. (WDR) opened at 18.72 on Monday. Waddell & Reed Financial, Inc. has a 52-week low of $15.02 and a 52-week high of $22.45. The firm has a 50-day moving average of $18.67 and a 200-day moving average of $18.21. The company has a market cap of $1.56 billion, a P/E ratio of 11.77 and a beta of 2.06.

Waddell & Reed Financial (NYSE:WDR) last issued its quarterly earnings data on Tuesday, August 1st. The asset manager reported $0.39 earnings per share for the quarter, topping the consensus estimate of $0.37 by $0.02. The business had revenue of $286.70 million during 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%. The company’s revenue was down 10.2% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $0.59 EPS. Equities research analysts forecast that Waddell & Reed Financial, Inc. will post $1.45 earnings per share 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 given a dividend of $0.46 per share. The ex-dividend date is Tuesday, October 10th. This represents a $1.84 annualized dividend and a dividend yield of 9.83%. Waddell & Reed Financial’s dividend payout ratio is presently 115.72%.

Several research firms have recently issued reports on WDR. ValuEngine lowered shares of Waddell & Reed Financial from a “buy” rating to a “hold” rating in a report on Wednesday, September 6th. BidaskClub lowered shares of Waddell & Reed Financial from a “hold” rating to a “sell” rating in a report on Saturday, August 19th. Credit Suisse Group lowered 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 report on Friday, August 11th. Keefe, Bruyette & Woods reiterated a “hold” rating and set a $20.00 target price on shares of Waddell & Reed Financial in a report on Thursday, August 3rd. Finally, Jefferies Group LLC reiterated a “hold” rating and set a $19.00 target price (down from $20.00) on shares of Waddell & Reed Financial in a report on Wednesday, August 2nd. Six analysts have rated the stock with a sell rating and four have issued a hold rating to the company. Waddell & Reed Financial presently has an average rating of “Sell” and an average target price of $18.06.

COPYRIGHT VIOLATION NOTICE: This story was first reported by The Ledger Gazette and is the property of of The Ledger Gazette. If you are viewing this story on another website, it was illegally copied and reposted in violation of international trademark and copyright legislation. The correct version of this story can be viewed at https://ledgergazette.com/2017/09/25/cipher-capital-lp-has-661000-position-in-waddell-reed-financial-inc-wdr.html.

In related news, Director Alan W. Kosloff sold 25,076 shares of the company’s stock in a transaction on Thursday, August 3rd. The shares were sold at an average price of $19.40, for a total value of $486,474.40. Following the completion of the sale, the director now owns 71,873 shares in the company, valued at approximately $1,394,336.20. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, VP Benjamin R. Clouse sold 5,903 shares of the company’s stock in a transaction on Monday, August 7th. The shares were sold at an average price of $20.01, for a total transaction of $118,119.03. Following the completion of the s

A number of other institutional investors and hedge funds also recently modified their holdings of WDR. Teachers Advisors LLC lifted its holdings in Waddell & Reed Financial by 1.2% in the fourth quarter. Teachers Advisors LLC now owns 140,178 shares of the asset manager’s stock worth $2,735,000 after buying an additional 1,601 shares during the period. Louisiana State Employees Retirement System lifted its holdings in Waddell & Reed Financial by 3.9% in the first quarter. Louisiana State Employees Retirement System now owns 21,300 shares of the asset manager’s stock worth $362,000 after buying an additional 800 shares during the period. Retirement Systems of Alabama lifted its holdings in Waddell & Reed Financial by 1.7% in the first quarter. Retirement Systems of Alabama now owns 108,798 shares of the asset manager’s stock worth $1,850,000 after buying an additional 1,863 shares during the period. Russell Investments Group Ltd. lifted its holdings in Waddell & Reed Financial by 8.4% in the first quarter. Russell Investments Group Ltd. now owns 31,450 shares of the asset manager’s stock worth $535,000 after buying an additional 2,425 shares during the period. Finally, Oregon Public Employees Retirement Fund lifted its holdings in Waddell & Reed Financial by 1.4% in the first quarter. Oregon Public Employees Retirement Fund now owns 28,934 shares of the asset manager’s stock worth $492,000 after buying an additional 400 shares during the period. Institutional investors and hedge funds own 96.37% of the company’s stock.

Shares of Waddell & Reed Financial, Inc. (WDR) opened at 18.72 on Monday. Waddell & Reed Financial, Inc. has a 52-week low of $15.02 and a 52-week high of $22.45. The firm has a 50-day moving average of $18.67 and a 200-day moving average of $18.21. The company has a market cap of $1.56 billion, a P/E ratio of 11.77 and a beta of 2.06.

Waddell & Reed Financial (NYSE:WDR) last issued its quarterly earnings data on Tuesday, August 1st. The asset manager reported $0.39 earnings per share for the quarter, topping the consensus estimate of $0.37 by $0.02. The business had revenue of $286.70 million during 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%. The company’s revenue was down 10.2% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $0.59 EPS. Equities research analysts forecast that Waddell & Reed Financial, Inc. will post $1.45 earnings per share 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 given a dividend of $0.46 per share. The ex-dividend date is Tuesday, October 10th. This represents a $1.84 annualized dividend and a dividend yield of 9.83%. Waddell & Reed Financial’s dividend payout ratio is presently 115.72%.

Several research firms have recently issued reports on WDR. ValuEngine lowered shares of Waddell & Reed Financial from a “buy” rating to a “hold” rating in a report on Wednesday, September 6th. BidaskClub lowered shares of Waddell & Reed Financial from a “hold” rating to a “sell” rating in a report on Saturday, August 19th. Credit Suisse Group lowered 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 report on Friday, August 11th. Keefe, Bruyette & Woods reiterated a “hold” rating and set a $20.00 target price on shares of Waddell & Reed Financial in a report on Thursday, August 3rd. Finally, Jefferies Group LLC reiterated a “hold” rating and set a $19.00 target price (down from $20.00) on shares of Waddell & Reed Financial in a report on Wednesday, August 2nd. Six analysts have rated the stock with a sell rating and four have issued a hold rating to the company. Waddell & Reed Financial presently has an average rating of “Sell” and an average target price of $18.06.

COPYRIGHT VIOLATION NOTICE: This story was first reported by The Ledger Gazette and is the property of of The Ledger Gazette. If you are viewing this story on another website, it was illegally copied and reposted in violation of international trademark and copyright legislation. The correct version of this story can be viewed at https://ledgergazette.com/2017/09/25/cipher-capital-lp-has-661000-position-in-waddell-reed-financial-inc-wdr.html.

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

Waddell & Reed Financial 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)

Receive News & Ratings for Waddell & Reed Financial Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Waddell & Reed Financial Inc. and related companies with MarketBeat.com's FREE daily email newsletter.

Leave a Reply