Short Interest: What Next for Waddell & Reed Financial Incorporated (NYSE:WDR) Stock After Decrease in Shorted Shares?

November 21, 2016 - By Richard Conner   ·   0 Comments

Short Interest: What Next for Waddell & Reed Financial Incorporated (NYSE:WDR) Stock After Decrease in Shorted Shares?

The stock of Waddell & Reed Financial Incorporated (NYSE:WDR) registered a decrease of 8.3% in short interest. WDR’s total short interest was 7.94M shares in November as published by FINRA. Its down 8.3% from 8.66M shares, reported previously. With 956,700 shares average volume, it will take short sellers 8 days to cover their WDR’s short positions. The short interest to Waddell & Reed Financial Incorporated’s float is 9.94%. About 195,724 shares traded hands. Waddell & Reed Financial, Inc. (NYSE:WDR) has declined 15.69% since April 19, 2016 and is downtrending. It has underperformed by 19.55% the S&P500.

Waddell & Reed Financial, Inc. is a mutual fund and asset management company. The company has a market cap of $1.61 billion. The Firm provides investment management, investment advisory, investment product underwriting and distribution and shareholder services administration to Waddell & Reed Advisors group of mutual funds, Ivy Funds, Ivy Funds Variable Insurance Portfolios, InvestEd Portfolios and 529 college savings plan , and the Ivy Global Investors Fund SICAV and its Ivy Global Investors sub-funds (the IGI Funds), and institutional and separately managed accounts. It has a 8.59 P/E ratio. The Company’s retail products are distributed through third parties, such as other broker/dealers, registered investment advisors and various retirement platforms or through its sales force of independent financial advisors.

Insitutional Activity: The institutional sentiment increased to 1.26 in 2016 Q2. Its up 0.05, from 1.21 in 2016Q1. The ratio improved, as 41 funds sold all Waddell & Reed Financial, Inc. shares owned while 64 reduced positions. 31 funds bought stakes while 96 increased positions. They now own 68.30 million shares or 2.91% less from 70.35 million shares in 2016Q1.
Lmr Prtnrs Limited Liability Partnership holds 0.05% of its portfolio in Waddell & Reed Financial, Inc. (NYSE:WDR) for 17,741 shares. Bright Rock Mngmt Limited Liability Company accumulated 26,000 shares or 0.15% of the stock. Argentus Cap Mngmt Ltd Limited Liability Company holds 15,810 shares or 0.12% of its portfolio. Blackrock Fund holds 0.03% of its portfolio in Waddell & Reed Financial, Inc. (NYSE:WDR) for 9.02M shares. Cornerstone Mgmt Holding Limited Liability Corporation owns 3,800 shares or 0% of their US portfolio. Oregon Employees Retirement Fund holds 27,972 shares or 0.01% of its portfolio. Moreover, Fisher Asset Mngmt Ltd has 0.06% invested in Waddell & Reed Financial, Inc. (NYSE:WDR) for 1.91M shares. Schwab Charles Invest Management Incorporated has invested 0.01% of its portfolio in Waddell & Reed Financial, Inc. (NYSE:WDR). Group One Trading Lp has invested 0% of its portfolio in Waddell & Reed Financial, Inc. (NYSE:WDR). Meeder Asset reported 1,353 shares or 0% of all its holdings. Retirement Of Alabama has 0.01% invested in the company for 105,119 shares. Cornerstone Advsrs Inc holds 0% or 230 shares in its portfolio. The Florida-based State Board Of Administration Of Florida Retirement System has invested 0% in Waddell & Reed Financial, Inc. (NYSE:WDR). The Missouri-based Duncker Streett And has invested 0.02% in Waddell & Reed Financial, Inc. (NYSE:WDR). Da Davidson And Co accumulated 85 shares or 0% of the stock.

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

Out of 9 analysts covering Waddell & Reed Financial Inc. (NYSE:WDR), 1 rate it a “Buy”, 4 “Sell”, while 4 “Hold”. This means 11% are positive. Waddell & Reed Financial Inc. has been the topic of 29 analyst reports since August 27, 2015 according to StockzIntelligence Inc. The stock has “Underperform” rating given by Bank of America on Tuesday, March 15. The firm earned “Neutral” rating on Wednesday, September 16 by Credit Suisse. Jefferies maintained Waddell & Reed Financial, Inc. (NYSE:WDR) rating on Monday, July 11. Jefferies has “Hold” rating and $18 price target. RBC Capital Markets maintained the stock with “Outperform” rating in Wednesday, February 3 report. The firm earned “Sell” rating on Monday, October 5 by Citigroup. The stock of Waddell & Reed Financial, Inc. (NYSE:WDR) earned “Neutral” rating by Citigroup on Wednesday, July 27. RBC Capital Markets maintained it with “Outperform” rating and $49 target price in Wednesday, October 28 report. The rating was upgraded by Citigroup on Wednesday, July 13 to “Neutral”. The firm has “Outperform” rating given on Wednesday, January 6 by RBC Capital Markets. Credit Suisse downgraded Waddell & Reed Financial, Inc. (NYSE:WDR) on Monday, January 4 to “Underperform” rating.

WDR Company Profile

Waddell & Reed Financial, Inc., incorporated on December 24, 1981, is a mutual fund and asset management company. The Firm 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. The Firm operates its business through a distribution network. The Company’s retail products are distributed through third parties, such as other broker/dealers, registered investment advisors and various retirement platforms (collectively, the Wholesale channel) or through its sales force of independent financial advisors (the Advisors channel). The Firm also markets its investment advisory services to institutional investors, either directly or through consultants (the Institutional channel). The Firm operates its investment advisory business through its subsidiary companies, primarily Waddell & Reed Investment Management Company (WRIMCO).

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By Richard Conner


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