What’s Next for Waddell & Reed Financial Inc (NYSE:WDR) After Having Less Shares Shorted?

June 15, 2018 - By Darrin Black

Waddell & Reed Financial, Inc. (NYSE:WDR) Logo

Investors sentiment increased to 1.43 in 2018 Q1. Its up 0.01, from 1.42 in 2017Q4. It is positive, as 10 investors sold Waddell & Reed Financial, Inc. shares while 64 reduced holdings. 36 funds opened positions while 70 raised stakes. 77.49 million shares or 2.51% less from 79.49 million shares in 2017Q4 were reported.
Rhumbline Advisers invested in 201,881 shares or 0.01% of the stock. Hightower Limited Liability Company has 28,602 shares. Voya Inv Mgmt Ltd Liability Corporation invested 0% in Waddell & Reed Financial, Inc. (NYSE:WDR). Vanguard Grp Inc holds 7.93 million shares. Wells Fargo & Co Mn stated it has 191,842 shares. Raymond James And has invested 0.01% in Waddell & Reed Financial, Inc. (NYSE:WDR). Proshare Advsrs Lc invested in 0% or 25,121 shares. Gargoyle Investment Advisor Ltd Company owns 13,938 shares. Arizona State Retirement System has invested 0.03% in Waddell & Reed Financial, Inc. (NYSE:WDR). Bessemer Gp reported 145 shares. Rockland Trust holds 0.11% or 39,385 shares. 21,432 are held by Verition Fund Ltd Liability Corporation. Gamco Investors Et Al holds 1.70 million shares. Glenmede Tru Communication Na has 0% invested in Waddell & Reed Financial, Inc. (NYSE:WDR) for 416 shares. First Advsrs Ltd Partnership holds 0.01% or 313,688 shares in its portfolio.

Since February 1, 2018, it had 0 insider purchases, and 3 sales for $203,284 activity. The insider WALTON JERRY W sold 5,792 shares worth $132,944.

The stock of Waddell & Reed Financial Inc (NYSE:WDR) registered a decrease of 1.27% in short interest. WDR’s total short interest was 11.73 million shares in June as published by FINRA. Its down 1.27% from 11.88 million shares, reported previously. With 807,100 shares average volume, it will take short sellers 15 days to cover their WDR’s short positions. The short interest to Waddell & Reed Financial Inc’s float is 14.67%.

The stock increased 0.36% or $0.07 during the last trading session, reaching $19.38. About 594,090 shares traded. Waddell & Reed Financial, Inc. (NYSE:WDR) has risen 17.42% since June 15, 2017 and is uptrending. It has outperformed by 4.85% the S&P500.

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 has market cap of $1.59 billion. The firm 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. It has a 11.47 P/E ratio. It also offers fee asset allocation investment advisory products to advisors channel customers; distributes business partnersÂ’ variable annuity products, and retirement and life insurance products to advisors channel customers; and sells life insurance and disability products underwritten by various carriers.

Waddell & Reed Financial, Inc. (NYSE:WDR) Ratings Coverage

Among 6 analysts covering Waddell & Reed (NYSE:WDR), 0 have Buy rating, 3 Sell and 3 Hold. Therefore 0 are positive. Waddell & Reed had 11 analyst reports since December 21, 2017 according to SRatingsIntel. The stock of Waddell & Reed Financial, Inc. (NYSE:WDR) earned “Hold” rating by Jefferies on Wednesday, April 11. Citigroup maintained the stock with “Neutral” rating in Wednesday, May 2 report. The stock of Waddell & Reed Financial, Inc. (NYSE:WDR) earned “Underweight” rating by Morgan Stanley on Tuesday, April 10. The firm has “Underweight” rating given on Tuesday, February 13 by Morgan Stanley. On Wednesday, January 31 the stock rating was upgraded by Citigroup to “Hold”. The firm earned “Hold” rating on Thursday, December 21 by Keefe Bruyette & Woods. The rating was maintained by Keefe Bruyette & Woods on Tuesday, April 10 with “Hold”. The rating was maintained by Jefferies on Wednesday, January 10 with “Hold”. The firm earned “Hold” rating on Tuesday, January 30 by Keefe Bruyette & Woods. The stock of Waddell & Reed Financial, Inc. (NYSE:WDR) has “Sell” rating given on Tuesday, January 30 by RBC Capital Markets.

More news for Waddell & Reed Financial, Inc. (NYSE:WDR) were recently published by: Globenewswire.com, which released: “Recent Analysis Shows ABM Industries, Waddell & Reed Financial, South State, Vera Bradley, Healthcare Trust of …” on May 23, 2018. Businesswire.com‘s article titled: “Waddell & Reed Financial, Inc. Announces May 31, 2018 Assets Under Management” and published on June 12, 2018 is yet another important article.

Waddell & Reed Financial, Inc. (NYSE:WDR) Institutional Positions Chart

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