South Dakota Investment Council Has $9,994,000 Holdings in Waddell & Reed Financial, Inc. (NYSE:WDR)

South Dakota Investment Council held its position in shares of Waddell & Reed Financial, Inc. (NYSE:WDR) during the 2nd quarter, according to its most recent 13F filing with the SEC. The fund owned 529,350 shares of the asset manager’s stock at the end of the 2nd quarter. South Dakota Investment Council owned 0.63% of Waddell & Reed Financial worth $9,994,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also added to or reduced their stakes in the company. Ameriprise Financial Inc. lifted its stake in Waddell & Reed Financial by 14.7% during the first quarter. Ameriprise Financial Inc. now owns 279,395 shares of the asset manager’s stock worth $4,750,000 after purchasing an additional 35,876 shares during the last quarter. Vanguard Group Inc. increased its holdings in shares of Waddell & Reed Financial by 5.8% during the first quarter. Vanguard Group Inc. now owns 6,814,895 shares of the asset manager’s stock worth $115,853,000 after buying an additional 374,949 shares in the last quarter. State Street Corp increased its holdings in shares of Waddell & Reed Financial by 19.4% during the first quarter. State Street Corp now owns 3,481,236 shares of the asset manager’s stock worth $59,185,000 after buying an additional 565,584 shares in the last quarter. Gotham Asset Management LLC increased its holdings in Waddell & Reed Financial by 19.3% in the first quarter. Gotham Asset Management LLC now owns 12,632 shares of the asset manager’s stock valued at $215,000 after purchasing an additional 2,042 shares during the period. Finally, Jensen Investment Management Inc. increased its holdings in Waddell & Reed Financial by 24.2% in the second quarter. Jensen Investment Management Inc. now owns 30,540 shares of the asset manager’s stock valued at $577,000 after purchasing an additional 5,950 shares during the period. Hedge funds and other institutional investors own 96.42% of the company’s stock.

In other Waddell & Reed Financial news, Director Alan W. Kosloff sold 25,076 shares of the firm’s stock in a transaction on Thursday, August 3rd. The stock was 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 of the company’s stock, valued at $1,394,336.20. The transaction was disclosed in a filing with the SEC, which is available through this hyperlink. Also, VP Benjamin R. Clouse sold 5,903 shares of the firm’s stock in a transaction on Monday, August 7th. The shares were sold at an average price of $20.01, for a total value of $118,119.03. Following the completion of the sale, the vice president now directly owns 25,845 shares of the company’s stock, 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.

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Waddell & Reed Financial, Inc. (NYSE:WDR) traded down 0.60% during mid-day trading on Friday, reaching $18.14. 376,249 shares of the company’s stock traded hands. Waddell & Reed Financial, Inc. has a 12-month low of $15.02 and a 12-month high of $22.45. The stock has a market capitalization of $1.52 billion, a PE ratio of 11.40 and a beta of 2.06. The stock has a 50-day moving average price of $18.85 and a 200-day moving average price of $18.24.

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

A number of brokerages have weighed in on WDR. BidaskClub upgraded Waddell & Reed Financial from a “buy” rating to a “strong-buy” rating in a report on Wednesday, July 12th. Morgan Stanley reissued an “underweight” rating and set a $15.00 price objective (up previously from $14.00) on shares of Waddell & Reed Financial in a research report on Monday, July 10th. Keefe, Bruyette & Woods reaffirmed a “sell” rating and issued a $16.50 price target on shares of Waddell & Reed Financial in a research report on Friday, June 9th. ValuEngine raised shares of Waddell & Reed Financial from a “hold” rating to a “buy” rating in a research report on Tuesday, June 20th. Finally, Royal Bank Of Canada started coverage on shares of Waddell & Reed Financial in a research report on Thursday, June 29th. They set an “underperform” rating and a $17.00 target price on the stock. Six equities research analysts have rated the stock with a sell rating and four have issued a hold rating to the company. The company currently has an average rating of “Sell” and a consensus target price of $18.06.

About Waddell & Reed Financial

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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