waddell & reed financial-a (WDR) Key Developments
Waddell & Reed Financial, Inc. Announces Resignation of Michael D. Strohm as Senior Vice President and Chief Operations Officer
Apr 22 15
Michael D. Strohm, senior vice president and chief operations officer of Waddell & Reed Financial, Inc., notified the company that he intends to retire from such positions with the company and its subsidiaries effective May 15, 2015 following 42 years of service with the company. At this time, the company intends to transition Mr. Strohm's responsibilities to existing officers of the company.
Waddell & Reed Financial, Inc. Declares Quarterly Dividend on its Class A Common Stock, Payable on May 1, 2015
Mar 20 15
The Board of Directors of Waddell & Reed Financial, Inc. approved a quarterly dividend on its Class A common stock of $0.43 per share payable on May 1, 2015 to stockholders of record as of April 10, 2015.
Waddell & Reed Financial, Inc., Annual General Meeting, Apr 15, 2015
Feb 27 15
Waddell & Reed Financial, Inc., Annual General Meeting, Apr 15, 2015., at 10:00 US Mountain Standard Time. Location: William T. Morgan Auditorium at the principal executive offices. Agenda: To discuss and elect Thomas C. Godlasky, Dennis E. Logue and Michael F. Morrissey, who have been nominated by the Board, as Class II directors to hold office until the 2018 Annual Meeting of Stockholders; to discuss and approve advisory vote to approve named executive officer compensation; to discuss and ratify the appointment of KPMG LLP as the company's independent registered public accounting firm for the 2015 fiscal year; and to discuss and approve such other business as may properly come before the annual meeting or any adjournments or postponements thereof.
Waddell & Reed Financial, Inc. Reports Unaudited Consolidated Earnings Results for the Fourth Quarter and Full Year Ended December 31, 2014
Feb 3 15
Waddell & Reed Financial, Inc. reported unaudited consolidated earnings results for the fourth quarter and full year ended December 31, 2014. For the quarter, the company reported net income of $80.9 million, or $0.97 per diluted share, compared to net income of $74.6 million, or $0.89 per diluted share, during the previous quarter and net income of $78.8 million, or $0.92 per diluted share, during the fourth quarter of 2013. Operating revenues were $397.2 million compared to $375.00 million reported a year ago. Operating revenues declined 3% sequentially, driven by lower management fee revenues as average assets under management declined during the fourth quarter. When compared to the same period last year, operating revenues rose 6%. The increase was due to higher average assets under management during the current quarter compared to the same quarter in 2013, which resulted in higher underwriting and distribution fees and management fee revenues. Operating income was $119.07 million compared to $113.36 million reported a year ago. Income before taxes was $124.30 million compared to $119.97 million reported a year ago.
For the year, the company reported net income of $313.33 million, or $3.71 per diluted share, compared to net income of $253.0 million, or $2.96 per diluted share reported a year ago. Total operating revenues were $1,597.76 million compared to $1,370.35 million reported a year ago. Operating income was $484.41 million compared to $384.57 million reported a year ago. Income before taxes was $490.16 million compared to $393.23 million reported a year ago.
Waddell & Reed Financial Files Shelf registration; Mulls Acquisition
Jan 16 15
Waddell & Reed Financial, Inc. (NYSE:WDR) has filed a Shelf Registration. The company will use the net proceeds from the sale of the offered securities for general corporate purposes. These purposes may include repayment and refinancing of debt, acquisitions, capital expenditures, repurchases and redemptions of securities and working capital.