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Waddell & Reed Financial Inc (WDR.N)

WDR.N on New York Stock Exchange

20.66USD
23 Feb 2018
Change (% chg)

$0.07 (+0.34%)
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$20.59
Open
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Volume
144,809
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Latest Key Developments (Source: Significant Developments)

Waddell & Reed Financial Announces Retirement Of Henry Herrmann As Chairman
Tuesday, 28 Nov 2017 

Nov 27 (Reuters) - Waddell & Reed Financial Inc ::WADDELL & REED FINANCIAL, INC. ANNOUNCES RETIREMENT OF HENRY J. HERRMANN AS CHAIRMAN OF THE BOARD.WADDELL & REED FINANCIAL INC - ‍BOARD OF DIRECTORS HAS APPOINTED THOMAS C. GODLASKY TO SUCCEED HERRMANN AS CHAIRMAN OF BOARD IN 2018​.WADDELL & REED FINANCIAL- ‍HERRMANN WILL RETIRE FROM COMPANY'S BOARD OF DIRECTORS ON DATE OF COMPANY'S ANNUAL MEETING OF STOCKHOLDERS IN APRIL 2018​.  Full Article

Waddell & Reed Financial appoints Benjamin Clouse as CFO
Wednesday, 22 Nov 2017 

Nov 22 (Reuters) - Waddell & Reed Financial Inc :Waddell & Reed Financial Inc announces changes to executive leadership team.Waddell & Reed Financial Inc - ‍ Brent Bloss, who has served as CFO of co since March 2014, will be promoted to role of chief operating officer.‍ waddell & Reed Financial-‍board intends to appoint Benjamin Clouse as CFO to succeed Brent​ Bloss in 2018​.  Full Article

Waddell & Reed Financial reports Q3 results, announces new capital return policy
Tuesday, 24 Oct 2017 

Oct 24 (Reuters) - Waddell & Reed Financial Inc :Waddell & Reed Financial, Inc. reports third quarter results and announces new capital return policy.Q3 earnings per share $0.45.Q3 earnings per share view $0.41 -- Thomson Reuters I/B/E/S.Waddell & Reed Financial Inc - ‍operating revenues of $289.4 million during Q3 of 2017 increased 1% sequentially​.Q3 revenue view $285.8 million -- Thomson Reuters I/B/E/S.Waddell & Reed Financial - ‍board reduced qtrly dividend on Class A stock to $0.25/share, payable on Feb 1, 2018 to stockholders of record as of Jan 11, 2018​.Waddell & Reed Financial Inc - ‍new capital return policy also encompasses a plan to repurchase $250 million of common stock​.  Full Article

Waddell & Reed Financial Q3 EPS $0.65
Tuesday, 25 Oct 2016 

Waddell & Reed Financial Inc : . Q3 earnings per share $0.65 . Q3 earnings per share view $0.52 -- Thomson Reuters I/B/E/S . Assets under management were $85 billion at september 30, 2016, declining less than 2% from prior quarter . Amendment of post-retirement medical benefit plan is expected to lower future medical claims costs . Qtrly costs declined 31% sequentially, with majority of change due to a severance charge recorded in previous quarter . "Despite improvement in investment performance year-to-date, sales volume remains weak" ."Current quarter included full benefit of our recent workforce reductions".  Full Article

Waddell & Reed Financial reports second quarter results
Tuesday, 26 Jul 2016 

Waddell & Reed Financial Inc : Q2 earnings per share $0.41 . Q2 adjusted earnings per share $0.59 excluding items . Q2 earnings per share view $0.44 -- Thomson Reuters I/B/E/S . In q2 unaffiliated distribution channel experienced $3.9 billion in outflows of which asset strategy funds accounted for $2.6 billion . Q2 earnings per share view $0.44 -- Thomson Reuters I/B/E/S . Waddell & Reed Financial, inc. Reports second quarter results . Waddell & Reed Financial inc says q2 of 2016 included $24.1 million in charges related to severance, accelerated amortization of dac and project e implementation costs . As of june 30, 2016, aum declined 9% sequentially to $86 billion due mainly to outflows from institutional and unaffiliated distribution channels . Institutional channel experienced three material redemptions during quarter that accounted for $4.9 billion of $5.5 billion in total outflows .Waddell & Reed Financial inc says in q2 management fees declined 3% sequentially, while average assets under management declined 5%.  Full Article

Waddell & Reed says CEO Henry Herrmann to retire
Tuesday, 24 May 2016 

Waddell & Reed Financial Inc : Philip J. Sanders named as successor to Herrmann . Herrmann, will retire as chief executive officer effective August 1, 2016 .Waddell & Reed Financial, Inc. CEO Henry J. Herrmann to retire.  Full Article

Waddell & Reed Financial Inc notifies affected employees regarding workforce reduction - Reuters News
Wednesday, 27 Apr 2016 

Waddell & Reed Financial Inc:On April 22, 2016, company notified affected employees regarding an involuntary separation program to reduce its workforce - RTRS.Affected employees, who represent about 10 pct of co's workforce, will receive lump sum payment, accelerated vesting of restricted stock.ISP and VSO are part of cost cutting efforts to reduce operating expenses by approximately 10 pct, or $40 million from annual run-rate.Expects to record a pre-tax restructuring charge in a range of approximately $16 - 17 million in Q2 of 2016.Expects involuntary separation program, voluntary separation offering "to be substantially implemented" during Q2 2016.  Full Article

Waddell & Reed Financial Inc declares quarterly dividend
Tuesday, 29 Mar 2016 

Waddell & Reed Financial Inc:Approved a quarterly dividend on its Class A common stock of $0.46 per share.Payable on May 2 to stockholders of record date as of April 18.  Full Article