Last $49.50 USD
Change Today -0.05 / -0.10%
Volume 80.5K
As of 10:17 AM 03/3/15 All times are local (Market data is delayed by at least 15 minutes).

waddell & reed financial-a (WDR) Snapshot

Open
$49.33
Previous Close
$49.55
Day High
$49.75
Day Low
$49.33
52 Week High
04/2/14 - $76.46
52 Week Low
01/16/15 - $41.06
Market Cap
4.1B
Average Volume 10 Days
1.1M
EPS TTM
$3.71
Shares Outstanding
83.6M
EX-Date
01/8/15
P/E TM
13.4x
Dividend
$1.72
Dividend Yield
2.92%
Current Stock Chart for WADDELL & REED FINANCIAL-A (WDR)

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waddell & reed financial-a (WDR) Details

Waddell & Reed Financial, Inc., through its subsidiaries, provides investment management, 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; underwrites and distributes registered open-end mutual fund portfolios; and offers fee-based asset allocation investment advisory products to advisors channel customers. It also distributes business partners’ variable annuity products, and retirement and life insurance products to advisors channel customers; and sells life insurance and disability products underwritten by various carriers. The company distributes investment products through its wholesale channel comprising other broker/dealers, registered investment advisors, and various retirement platforms, as well as through independent financial advisors; and markets investment advisory services to institutional investors directly or through consultants. Waddell & Reed Financial, Inc. was founded in 1937 and is based in Overland Park, Kansas.

1,648 Employees
Last Reported Date: 02/27/15
Founded in 1937

waddell & reed financial-a (WDR) Top Compensated Officers

Chairman and Chief Executive Officer
Total Annual Compensation: $1.0M
President
Total Annual Compensation: $680.0K
Chief Financial Officer, Senior Vice Presiden...
Total Annual Compensation: $375.0K
Chief Marketing Officer, Executive Vice Presi...
Total Annual Compensation: $600.0K
Chief Investment Officer and Senior Vice Pres...
Total Annual Compensation: $525.0K
Compensation as of Fiscal Year 2014.

waddell & reed financial-a (WDR) Key Developments

Waddell & Reed Financial, Inc. Reports Unaudited Consolidated Earnings Results for the Fourth Quarter and Full Year Ended December 31, 2014

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

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.

Waddell & Reed Financial, Inc. Increases Quarterly Dividend, Payable on February 2, 2015

The Board of Directors of Waddell & Reed Financial, Inc. approved an increase in the quarterly dividend on its class A common stock to $0.43 per share payable on February 2, 2015 to stockholders of record as of January 12, 2015. This new quarterly dividend rate represents an increase of 26.5% over the $0.34 per share quarterly dividend paid in 2014.

 

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Industry Analysis

WDR

Industry Average

Valuation WDR Industry Range
Price/Earnings 13.3x
Price/Sales 2.6x
Price/Book 5.3x
Price/Cash Flow 12.6x
TEV/Sales 2.0x
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