Waddell and Reed Financial News

One force was the pay-for-performance trend, born of pay regulations designed to align executive rewards with shareholder interests.

Stocks rallied to never-before-seen highs after April job-growth data beat expectations.

The firm currently has an "overweight" rating on the stock. A number of other analysts have also recently weighed in on WDR.

The firm currently has a "market perform" rating on the stock. Other equities research analysts have also recently issued reports about the stock.

A Carlyle Group LP investor plans to sell shares worth $196 million as of the end of Tuesday, an equity capital markets advisory firm said, the second block trade involving the alternative asset manager in a little over a month.

President, Chief Marketing Officer, Executive Vice President, Chairman of Waddell & Reed Inc, Chief Executive Officer of Ivy Funds Distributor Inc, President of Waddell & Reed Inc and President of Ivy Funds Distributor Inc.

Waddell & Reed Financial posted its quarterly earnings results on Tuesday. The company reported $0.63 earnings per share for the quarter, beating the consensus estimate of $0.61 by $0.02, AnalystRatings.Net reports.

Shares in Waddell & Reed climbed more than two percent Monday in advance of the company's quarterly earnings reports scheduled for release on Tuesday.