WDR - More on Waddell & Reed's Q3 earnings

October, 27 2020 12:56 PM Waddell & Reed Financial Inc.

For Q3, Waddell & Reed Financial ([[WDR]] -0.1%) reported net income of $30.5M, or $0.48/diluted share vs. net income of $24.8M, or $0.38/diluted share and $33.1M, or $0.46/diluted share in year ago quarter.Higher average assets benefiting both Investment Management revenues and Wealth Management Advisory revenues led a 11.5% increase in revenues.AUM for the quarter stood at $67.9B (+4% Q/Q and -1% Y/Y) led by market appreciation.Wealth management AUA ended the quarter at $62.7B (+6% Q/Q and +10% Y/Y).Continued progress in strategic pricing evaluation, with 75% of AUM at or better than competitor median fees.The company reported $744.6M in cash and investments at the end of the quarter; $56.3M was returned to shareholders, including $40.1M of share repurchases.Previously: Waddell & Reed Financial EPS beats by $0.05, beats on revenue (Oct.27)

For further details see:

Company Name:	Waddell & Reed Financial Inc.
Stock Symbol:	WDR
Market:	NYSE
Website:	waddell.com

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