Loomis Sayles Co L P buys $626,353,510 stake in SEI Investments Company (SEIC)

SEI Investments Company (SEIC) : Loomis Sayles Co L P scooped up 548,469 additional shares in SEI Investments Company during the most recent quarter end , the firm said in a disclosure report filed with the SEC on Nov 14, 2016. The investment management firm now holds a total of 13,383,622 shares of SEI Investments Company which is valued at $626,353,510.SEI Investments Company makes up approximately 1.64% of Loomis Sayles Co L P’s portfolio.

Other Hedge Funds, Including , Aqr Capital Management reduced its stake in SEIC by selling 236,809 shares or 30.22% in the most recent quarter. The Hedge Fund company now holds 546,765 shares of SEIC which is valued at $25,588,602. SEI Investments Company makes up approx 0.04% of Aqr Capital Management’s portfolio. Princeton Alpha Management Lp added SEIC to its portfolio by purchasing 7,495 company shares during the most recent quarter which is valued at $335,326. SEI Investments Company makes up approx 0.06% of Princeton Alpha Management Lp’s portfolio.Mitsubishi Ufj Trust Banking Corp boosted its stake in SEIC in the latest quarter, The investment management firm added 2,464 additional shares and now holds a total of 287,885 shares of SEI Investments Company which is valued at $12,879,975. SEI Investments Company makes up approx 0.03% of Mitsubishi Ufj Trust Banking Corp’s portfolio.Penserra Capital Management boosted its stake in SEIC in the latest quarter, The investment management firm added 179 additional shares and now holds a total of 410 shares of SEI Investments Company which is valued at $18,122.Quadrant Capital Group reduced its stake in SEIC by selling 11 shares or 16.67% in the most recent quarter. The Hedge Fund company now holds 55 shares of SEIC which is valued at $2,482.

SEI Investments Company opened for trading at $47.63 and hit $47.81 on the upside on Monday, eventually ending the session at $47.68, with a gain of 0.57% or 0.27 points. The heightened volatility saw the trading volume jump to 4,17,104 shares. Company has a market cap of $7,629 M.

On the company’s financial health, SEI Investments Company reported $0.53 EPS for the quarter, beating the analyst consensus estimate by $ 0.04 according to the earnings call on Oct 20, 2016. Analyst had a consensus of $0.49. The company had revenue of $354.64 million for the quarter, compared to analysts expectations of $352.47 million. The company’s revenue was up 5.7% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.47 EPS.

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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