Chartwell Investment Partners buys $104.3 Million stake in SEI Investments Company (SEIC)

SEI Investments Company (SEIC) : Chartwell Investment Partners scooped up 541,455 additional shares in SEI Investments Company during the most recent quarter end , the firm said in a disclosure report filed with the SEC on May 11, 2016. The investment management firm now holds a total of 2,166,040 shares of SEI Investments Company which is valued at $104.3 Million.SEI Investments Company makes up approximately 2.03% of Chartwell Investment Partners’s portfolio.

Other Hedge Funds, Including , Keybank National Associationoh boosted its stake in SEIC in the latest quarter, The investment management firm added 58 additional shares and now holds a total of 10,006 shares of SEI Investments Company which is valued at $481,589.Manufacturers Life Insurance Company The boosted its stake in SEIC in the latest quarter, The investment management firm added 2,436 additional shares and now holds a total of 183,264 shares of SEI Investments Company which is valued at $8.8 Million. SEI Investments Company makes up approx 0.01% of Manufacturers Life Insurance Company The’s portfolio.North Star Asset Management Inc boosted its stake in SEIC in the latest quarter, The investment management firm added 32,874 additional shares and now holds a total of 135,442 shares of SEI Investments Company which is valued at $6.5 Million. SEI Investments Company makes up approx 0.77% of North Star Asset Management Inc’s portfolio. Princeton Alpha Management Lp added SEIC to its portfolio by purchasing 10,288 company shares during the most recent quarter which is valued at $491,766. SEI Investments Company makes up approx 0.08% of Princeton Alpha Management Lp’s portfolio.Rhumbline Advisers boosted its stake in SEIC in the latest quarter, The investment management firm added 27,860 additional shares and now holds a total of 280,174 shares of SEI Investments Company which is valued at $13.4 Million. SEI Investments Company makes up approx 0.04% of Rhumbline Advisers’s portfolio.

SEI Investments Company opened for trading at $48.07 and hit $48.79 on the upside on Monday, eventually ending the session at $48.68, with a gain of 1.14% or 0.55 points. The heightened volatility saw the trading volume jump to 6,96,100 shares. Company has a market cap of $7,886 M.

On the company’s financial health, SEI Investments Company reported $0.46 EPS for the quarter, beating the analyst consensus estimate by $ 0.02 according to the earnings call on Apr 20, 2016. Analyst had a consensus of $0.44. The company had revenue of $334.30 million for the quarter, compared to analysts expectations of $332.63 million. The company’s revenue was up 2.7% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.49 EPS.

Many Wall Street Analysts have commented on SEI Investments Company. SEI Investments Company was Upgraded by Keefe Bruyette to ” Mkt Perform” on Apr 6, 2016.

SEI Investments Company is a provider of investment processing investment management and investment operations solutions. The Company enables corporations financial institutions financial advisors and ultra-high-net-worth families create and manage wealth by providing investment and investment-business solutions. The Company operates in five segments: Private Banks Investment Advisors Institutional Investors Investment Managers and Investments in New Businesses. The Company’s investment management business solutions include investment processing outsourcing solutions for providers of institutional and private-client wealth management services including banks trust companies independent wealth advisers and other financial services firms; investment management solutions for institutional investors and individual investors and investment operations outsourcing solutions for investment management firms banks and investment companies.

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