Michael Morrissey - Waddell Reed Independent Director
Director
Mr. Michael F. Morrissey is Independent Director of the Company. He was a director of the Company since July 2010. He was a director of Ferrellgas Partners, L.P., a propane gas marketing and distribution company in Liberty, Missouri since 1999. He was a director of Westar Energy, Inc., an electric service company based in Topeka, Kansas, from 2003 through May 2015. Mr. Morrissey retired in September 1999 after serving 24 years, including 17 years as a partner, with Ernst Young LLP, an auditing and financial services firm. Prior thereto, Mr. Morrissey worked for five years for another major accounting firm and six years for a motor truck manufacturer. Mr. Morrissey was a Certified Public Accountant since 1972. Mr. Morrissey also served as a director of Blue Cross Blue Shield of Kansas City, a Kansas City, Missouri health insurance company, from 2006 through April 2017 of J.E. Dunn Construction Group, Inc., a private construction business located in Kansas City, Missouri, from 2000 through January 2017 of Balance Innovations, Inc., an office management technology company located in Lenexa, Kansas, since 2008 and a special advisor to the audit committee of the Dairy Farmers of America, a farmerowned milk marketing cooperative located in Kansas City, Missouri, from 2000 through August 2014. Mr. Morrissey also serves as a director or trustee for numerous nonprofit, civic, and charitable organizations. Mr. Morrissey term on the Board expires in 2021. since 2010.
| Age | 75 |
| Tenure | 15 years |
| Phone | 913 236-2000 |
| Web | www.waddell.com |
Michael Morrissey Latest Insider Activity
Tracking and analyzing the buying and selling activities of Michael Morrissey against Waddell Reed stock is an integral part of due diligence when investing in Waddell Reed. Michael Morrissey insider activity provides valuable insight into whether Waddell Reed is net buyers or sellers over its current business cycle. Note, Waddell Reed insiders must abide by specific rules, including filing SEC forms every time they buy or sell Waddell Reed'sshares to prevent insider trading or benefiting illegally from material non-public information that their positions give them access to.
Michael Morrissey over two months ago Disposition of 681 shares by Michael Morrissey of Exelixis at 20.99 subject to Rule 16b-3 | ||
Michael Morrissey over three months ago Disposition of 480000 shares by Michael Morrissey of Exelixis at 24.41 subject to Rule 16b-3 | ||
Michael Morrissey over six months ago Disposition of 100 shares by Michael Morrissey of Selective Insurance at 79.75 subject to Rule 16b-3 | ||
Michael Morrissey over six months ago Disposition of 23304 shares by Michael Morrissey of Exelixis at 21.51 subject to Rule 16b-3 |
Waddell Reed Management Efficiency
The company has Return on Asset of 6.86 % which means that on every $100 spent on assets, it made $6.86 of profit. This is considered to be average in the sector. In the same way, it shows a return on shareholders' equity (ROE) of 9.34 %, implying that it generated $9.34 on every 100 dollars invested. Waddell Reed's management efficiency ratios could be used to measure how well Waddell Reed manages its routine affairs as well as how well it operates its assets and liabilities.Waddell Reed Financial has 110.11 M in debt with debt to equity (D/E) ratio of 0.15, which may show that the company is not taking advantage of profits from borrowing. Waddell Reed Financial has a current ratio of 2.33, demonstrating that it is liquid and is capable to disburse its financial commitments when the payables are due. Note however, debt could still be an excellent tool for Waddell to invest in growth at high rates of return.
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Management Performance
| Return On Equity | 9.34 | |||
| Return On Asset | 6.86 |
Waddell Reed Financial Leadership Team
Elected by the shareholders, the Waddell Reed's board of directors comprises two types of representatives: Waddell Reed inside directors who are chosen from within the company, and outside directors, selected externally and held independent of Waddell. The board's role is to monitor Waddell Reed's management team and ensure that shareholders' interests are well served. Waddell Reed's inside directors are responsible for reviewing and approving budgets prepared by upper management to implement core corporate initiatives and projects. On the other hand, Waddell Reed's outside directors are responsible for providing unbiased perspectives on the board's policies.
| Kathie Andrade, Independent Director | ||
| Jerry Walton, Independent Director | ||
| Thomas Godlasky, Independent Chairman of the Board | ||
| Katherine Kline, Independent Director | ||
| Sharilyn Gasaway, Independent Director | ||
| Michael Morrissey, Independent Director | ||
| Constance Weaver, Independent Director | ||
| Brent Bloss, President, Chief Operating Officer, Executive Vice President | ||
| Daniel Hanson, Senior Vice President Chief Investment Officer | ||
| Mark Buyle, Senior Vice President, Chief Legal Officer, General Counsel, Secretary | ||
| Shawn Mihal, Senior Vice President – Wealth Management, President of Waddell & Reed, Inc. | ||
| James Jessee, Independent Director | ||
| Amy Scupham, Senior Vice President – Distribution, President of Ivy Distributors, Inc. | ||
| Eric Meltzer, Senior Vice President, Chief Technology Officer | ||
| Dennis Logue, Independent Director | ||
| Philip Sanders, Chief Executive Officer, Chief Investment Officer, Director | ||
| Benjamin Clouse, Chief Financial Officer, Senior Vice President, Treasurer | ||
| Christopher Rackers, Chief Human Resource Officer, Senior Vice President |
Waddell Stock Performance Indicators
The ability to make a profit is the ultimate goal of any investor. But to identify the right stock is not an easy task. Is Waddell Reed a good investment? Although profit is still the single most important financial element of any organization, multiple performance indicators can help investors identify the equity that they will appreciate over time.
| Return On Equity | 9.34 | |||
| Return On Asset | 6.86 | |||
| Profit Margin | 6.71 % | |||
| Operating Margin | 13.86 % | |||
| Current Valuation | 903.42 M | |||
| Shares Outstanding | 62.18 M | |||
| Shares Owned By Insiders | 3.52 % | |||
| Shares Owned By Institutions | 96.48 % | |||
| Number Of Shares Shorted | 2.78 M | |||
| Price To Earning | 23.14 X |
Pair Trading with Waddell Reed
One of the main advantages of trading using pair correlations is that every trade hedges away some risk. Because there are two separate transactions required, even if Waddell Reed position performs unexpectedly, the other equity can make up some of the losses. Pair trading also minimizes risk from directional movements in the market. For example, if an entire industry or sector drops because of unexpected headlines, the short position in Waddell Reed will appreciate offsetting losses from the drop in the long position's value.The ability to find closely correlated positions to Lincoln National could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Lincoln National when you sell it. If you don't do this, your portfolio allocation will be skewed against your target asset allocation. So, investors can't just sell and buy back Lincoln National - that would be a violation of the tax code under the "wash sale" rule, and this is why you need to find a similar enough asset and use the proceeds from selling Lincoln National to buy it.
The correlation of Lincoln National is a statistical measure of how it moves in relation to other instruments. This measure is expressed in what is known as the correlation coefficient, which ranges between -1 and +1. A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as Lincoln National moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Lincoln National moves in either direction, the perfectly negatively correlated security will move in the opposite direction. If the correlation is 0, the equities are not correlated; they are entirely random. A correlation greater than 0.8 is generally described as strong, whereas a correlation less than 0.5 is generally considered weak.
Correlation analysis and pair trading evaluation for Lincoln National can also be used as hedging techniques within a particular sector or industry or even over random equities to generate a better risk-adjusted return on your portfolios.Check out Your Current Watchlist to better understand how to build diversified portfolios. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in unemployment. You can also try the Odds Of Bankruptcy module to get analysis of equity chance of financial distress in the next 2 years.
Other Consideration for investing in Waddell Stock
If you are still planning to invest in Waddell Reed Financial check if it may still be traded through OTC markets such as Pink Sheets or OTC Bulletin Board. You may also purchase it directly from the company, but this is not always possible and may require contacting the company directly. Please note that delisted stocks are often considered to be more risky investments, as they are no longer subject to the same regulatory and reporting requirements as listed stocks. Therefore, it is essential to carefully research the Waddell Reed's history and understand the potential risks before investing.
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