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Waddell & Reed Financial reported preliminary assets under management (AUM) of $76.0 billion as of March 31, 2021, up from $75.5 billion on February 28, 2021. The growth in AUM includes investments in mutual funds and institutional accounts. Meanwhile, preliminary assets under administration (AUA) rose to $70.8 billion from $69.7 billion at year-end 2020. Despite these gains, the company recorded net outflows of $101 million in total AUM during the month.
Waddell & Reed Financial reported preliminary assets under management of $75.5 billion for February 2021, up from $74.3 billion in January. The net flows showed a decline of $402 million, comprising ($365 million) from retail, ($37 million) from institutional. The ending assets included $71.95 billion for retail and $3.595 billion for institutional. Overall, this preliminary data reflects a modest increase in AUM despite negative net flows.
The Board of Directors of Waddell & Reed Financial approved a quarterly dividend of $0.25 per share, payable on April 30, 2021. Stockholders of record as of April 9, 2021 will receive this dividend, reinforcing the company’s strategy to return value to shareholders. Waddell & Reed has provided investment management and wealth management services since 1937, operating under the IVY INVESTMENTS® brand and serving various client channels.
Waddell & Reed Financial reported preliminary assets under management (AUM) of $74.3 billion for January 2021, down from $74.8 billion in December 2020. The decline is attributed to net outflows of $684 million during the month. Specifically, retail AUM decreased to $70.7 billion, while institutional AUM fell to $3.5 billion. The company cautioned that the preliminary figures are subject to change and advised against placing undue reliance on this data.
Waddell & Reed Financial, Inc. (NYSE: WDR) reported a fourth quarter 2020 net loss of $6.9 million, or $0.11 per diluted share, a decline from net income of $30.5 million in the previous quarter. The quarter's results included $39.6 million in merger-related costs tied to Macquarie Asset Management's proposed acquisition for $25.00 per share, totaling approximately $1.7 billion. Despite these challenges, total revenues rose by 4% year-over-year, reaching $278.1 million, with a 5% increase in Average Assets Under Management (AUM) to $74.8 billion. The company also maintained a strong balance sheet with $760.5 million in cash at the end of Q4.
Waddell & Reed Financial reported preliminary assets under management (AUM) of $74.8 billion for December 2020, up from $72.4 billion in November. The December figures include a beginning AUM of $71.3 billion and net outflows of $584 million. Market action showed a decline in retail net flows by $554 million and institutional net flows by $30 million. This cautious optimism reflects a slight recovery in AUM despite ongoing outflows, with the total retail and institutional assets contributing to the overall increase.
Waddell & Reed Financial (NYSE: WDR) has declared a quarterly dividend of $0.25 per share on its Class A common stock, set to be paid on February 1, 2021 to stockholders recorded by January 11, 2021. Additionally, the company will release its fourth quarter 2020 earnings before market open on February 2, 2021. Established in 1937, Waddell & Reed offers investment and wealth management services, distributing products through various channels including IVY INVESTMENTS®.
Waddell & Reed Financial reported preliminary assets under management (AUM) of $72.4 billion for November 2020, up from $66.2 billion at the end of October 2020. The increase in AUM includes $68.956 billion in retail and $3.399 billion in institutional assets. Notably, net flows showed a decline, with ($477 million) reported for the total. The company emphasizes that these estimates are preliminary and subject to change, advising shareholders not to place undue reliance on the figures.
Waddell & Reed Financial, Inc. (NYSE: WDR) has entered a merger agreement with Macquarie Asset Management to be acquired for $25.00 per share in cash, totaling $1.7 billion. This transaction represents a 48% premium over WDR's closing share price prior to the announcement. Following the acquisition, Macquarie plans to sell Waddell & Reed’s wealth management platform to LPL Financial, enhancing combined assets under management to over $465 billion. The deal is projected to close in mid-2021, pending regulatory and shareholder approvals.
Waddell & Reed Financial reported preliminary assets under management (AUM) of $66.2 billion as of October 31, 2020, down from $67.9 billion at the end of September 2020. The company experienced net outflows of $705 million during October, with significant reductions in both retail and institutional segments, leading to an ending AUM of $66.172 billion. These figures reflect market conditions and investor behavior, and management cautions that these estimates may be subject to change.
