SEI Investments Company (SEIC) Stake Boosted by KBC Group NV
KBC Group NV raised its stake in SEI Investments Company (NASDAQ:SEIC) by 14.6% during the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 15,997 shares of the asset manager’s stock after buying an additional 2,036 shares during the period. KBC Group NV’s holdings in SEI Investments Company were worth $807,000 at the end of the most recent reporting period.
A number of other large investors have also modified their holdings of SEIC. Pacer Advisors Inc. increased its stake in shares of SEI Investments Company by 3.2% in the first quarter. Pacer Advisors Inc. now owns 2,472 shares of the asset manager’s stock valued at $125,000 after buying an additional 77 shares in the last quarter. Suntrust Banks Inc. increased its stake in shares of SEI Investments Company by 1.1% in the first quarter. Suntrust Banks Inc. now owns 8,061 shares of the asset manager’s stock valued at $405,000 after buying an additional 88 shares in the last quarter. Van ECK Associates Corp increased its stake in shares of SEI Investments Company by 5.1% in the fourth quarter. Van ECK Associates Corp now owns 2,086 shares of the asset manager’s stock valued at $103,000 after buying an additional 101 shares in the last quarter. Mosaic Family Wealth LLC increased its stake in shares of SEI Investments Company by 3.6% in the first quarter. Mosaic Family Wealth LLC now owns 2,976 shares of the asset manager’s stock valued at $150,000 after buying an additional 103 shares in the last quarter. Finally, Mn Services Vermogensbeheer B.V. increased its stake in shares of SEI Investments Company by 3.8% in the first quarter. Mn Services Vermogensbeheer B.V. now owns 3,627 shares of the asset manager’s stock valued at $171,000 after buying an additional 133 shares in the last quarter. 69.99% of the stock is owned by institutional investors and hedge funds.
SEI Investments Company (NASDAQ:SEIC) opened at 54.26 on Friday. SEI Investments Company has a 12 month low of $42.12 and a 12 month high of $54.40. The stock has a market capitalization of $8.61 billion, a PE ratio of 25.72 and a beta of 1.38. The company’s 50-day moving average price is $51.23 and its 200 day moving average price is $50.50.
SEI Investments Company (NASDAQ:SEIC) last posted its quarterly earnings data on Wednesday, April 19th. The asset manager reported $0.55 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.52 by $0.03. The company had revenue of $359.98 million during the quarter, compared to analyst estimates of $362.65 million. SEI Investments Company had a net margin of 24.18% and a return on equity of 26.20%. The company’s revenue was up 7.7% on a year-over-year basis. During the same quarter last year, the business posted $0.46 earnings per share. On average, analysts forecast that SEI Investments Company will post $2.24 earnings per share for the current fiscal year.
The company also recently disclosed a semiannual dividend, which was paid on Friday, June 16th. Stockholders of record on Wednesday, June 7th were issued a dividend of $0.28 per share. This represents a dividend yield of 1.11%. The ex-dividend date of this dividend was Monday, June 5th. SEI Investments Company’s payout ratio is 26.42%.
ILLEGAL ACTIVITY NOTICE: This piece of content was first published by Financial Market News and is owned by of Financial Market News. If you are accessing this piece of content on another publication, it was illegally stolen and reposted in violation of U.S. & international copyright and trademark law. The correct version of this piece of content can be accessed at https://www.financial-market-news.com/2017/06/17/sei-investments-company-seic-stake-boosted-by-kbc-group-nv.html.
SEIC has been the subject of a number of research reports. Zacks Investment Research downgraded SEI Investments Company from a “buy” rating to a “hold” rating in a report on Friday, April 21st. Raymond James Financial, Inc. reaffirmed a “market perform” rating on shares of SEI Investments Company in a report on Thursday, April 20th.
In other news, Director Kathryn Mccarthy sold 2,500 shares of the firm’s stock in a transaction that occurred on Friday, March 31st. The shares were sold at an average price of $50.44, for a total transaction of $126,100.00. Following the completion of the sale, the director now owns 72,700 shares of the company’s stock, valued at $3,666,988. The transaction was disclosed in a document filed with the SEC, which is accessible through this link. Also, major shareholder Alfred P. West, Jr. sold 125,000 shares of the firm’s stock in a transaction that occurred on Tuesday, April 25th. The stock was sold at an average price of $50.78, for a total transaction of $6,347,500.00. Following the sale, the insider now directly owns 11,086,282 shares of the company’s stock, valued at approximately $562,961,399.96. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 335,000 shares of company stock valued at $17,186,877. Company insiders own 17.10% of the company’s stock.
SEI Investments Company Company Profile
SEI Investments Company provides investment processing, investment management and investment operations solutions. The Company provides its solutions to financial institutions, financial advisors, institutional investors, investment managers and ultra-high-net-worth families in the United States, Canada, the United Kingdom, continental Europe and various other locations around the world.
Want to see what other hedge funds are holding SEIC? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for SEI Investments Company (NASDAQ:SEIC).
Receive News & Ratings for SEI Investments Company Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for SEI Investments Company and related companies with MarketBeat.com's FREE daily email newsletter.