Henderson Group PLC Has $656,000 Stake in SEI Investments Company (SEIC)
Henderson Group PLC continued to hold its position in SEI Investments Company (NASDAQ:SEIC) during the first quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 13,015 shares of the asset manager’s stock at the end of the first quarter. Henderson Group PLC’s holdings in SEI Investments Company were worth $656,000 at the end of the most recent quarter.
Several other institutional investors also recently added to or reduced their stakes in SEIC. UBS Asset Management Americas Inc. raised its position in SEI Investments Company by 107.7% in the fourth quarter. UBS Asset Management Americas Inc. now owns 685,000 shares of the asset manager’s stock worth $33,811,000 after buying an additional 355,130 shares in the last quarter. Credit Agricole S A increased its stake in shares of SEI Investments Company by 39.6% in the fourth quarter. Credit Agricole S A now owns 43,167 shares of the asset manager’s stock worth $2,130,000 after buying an additional 12,252 shares during the last quarter. Renaissance Technologies LLC purchased a new stake in shares of SEI Investments Company during the fourth quarter worth approximately $2,933,000. State Street Corp increased its stake in shares of SEI Investments Company by 1.6% in the fourth quarter. State Street Corp now owns 5,950,391 shares of the asset manager’s stock worth $293,716,000 after buying an additional 94,471 shares during the last quarter. Finally, Gulf International Bank UK Ltd increased its stake in shares of SEI Investments Company by 1.2% in the first quarter. Gulf International Bank UK Ltd now owns 42,651 shares of the asset manager’s stock worth $2,151,000 after buying an additional 500 shares during the last quarter. 69.99% of the stock is currently owned by hedge funds and other institutional investors.
Shares of SEI Investments Company (NASDAQ:SEIC) traded up 0.28% on Friday, hitting $54.26. The company had a trading volume of 1,047,913 shares. The company has a 50-day moving average of $51.23 and a 200 day moving average of $50.50. The stock has a market cap of $8.61 billion, a PE ratio of 25.72 and a beta of 1.38. SEI Investments Company has a 12 month low of $42.12 and a 12 month high of $54.40.
SEI Investments Company (NASDAQ:SEIC) last announced its quarterly earnings data on Wednesday, April 19th. The asset manager reported $0.55 EPS for the quarter, topping the Zacks’ consensus estimate of $0.52 by $0.03. The business had revenue of $359.98 million for 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 firm’s revenue for the quarter was up 7.7% on a year-over-year basis. During the same quarter in the previous year, the firm posted $0.46 earnings per share. Analysts anticipate that SEI Investments Company will post $2.24 EPS for the current fiscal year.
The firm also recently disclosed a semiannual dividend, which will be paid on Friday, June 16th. Stockholders of record on Wednesday, June 7th will be given a $0.28 dividend. This represents a dividend yield of 1.11%. The ex-dividend date is Monday, June 5th. SEI Investments Company’s dividend payout ratio is presently 26.42%.
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A number of brokerages recently commented on SEIC. Zacks Investment Research upgraded shares of SEI Investments Company from a “sell” rating to a “hold” rating in a research report on Tuesday, March 28th. Raymond James Financial, Inc. reiterated a “market perform” rating on shares of SEI Investments Company in a research report on Thursday, April 20th.
In related news, Director Kathryn Mccarthy sold 2,500 shares of the business’s stock in a transaction 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 transaction, the director now directly owns 72,700 shares in the company, valued at $3,666,988. The sale was disclosed in a filing with the SEC, which is available through this link. Also, major shareholder Alfred P. West, Jr. sold 125,000 shares of the business’s stock in a transaction 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 transaction, the insider now owns 11,086,282 shares in the company, valued at $562,961,399.96. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 335,000 shares of company stock worth $17,186,877. 17.10% of the stock is owned by corporate insiders.
About SEI Investments Company
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.
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