In the ever-changing world of investment management, Meiji Yasuda Asset Management Co Ltd. has revealed its impressive recent growth statistics via its most recent Form 13F filing with the SEC. The firm’s holdings in shares of SEI Investments (NASDAQ:SEIC) have grown by over 50% during the fourth quarter, following the acquisition of an additional 33,282 shares.
Meiji Yasuda Asset Management Co Ltd.’s current ownership of approximately 0.07% of SEI Investments represents an impressive $5,553,000 worth at the end of the most recent reporting period. With such a considerable investment at stake, it is evident that Meiji Yasuda Asset Management Co Ltd. views SEI Investments as a potentially lucrative business partner.
The news comes amidst SEI Investments’ announcement of a Semi-Annual dividend on Wednesday, June 21st for shareholders of record on Monday, June 12th, marking an occasion for investors to celebrate and assess their standing within the company. Shareholders will receive a dividend payment of $0.43 per share with an ex-dividend date set to occur on Friday June 9th; representing a yield ratio of 1.5%. It appears that this financial strategy has paid off thus far given that SEI Investments has a current payout ratio is presently at an impressive 29.86%.
As if these figures weren’t enough to make potential investors take notice, NASDAQ:SEIC opened at $58.24 on Tuesday and demonstrates consistent promise as seen by having had a high market capitalization rate throughout previous years with lows rising to $46.30 and highs closing at over $64 since acquisitions began on record in recent history.
The combination of these statistics represents an incredibly alluring package for not only individual investors but for firms such as Meiji Yasuda Asset Management Co Ltd.. As they seize upon this promising opportunity through their targeted acquisition campaign, the investment community is closely observing the potential dynamism of their involvement with SEI Investments.
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SEI Investments: A Growing Asset Management Company Amidst Insider Trading Speculation
SEI Investments is a company that is steadily gaining popularity on the stock market. A number of large investors have recently shown interest in the asset management company, with Verition Fund Management LLC increasing its holdings by 15.5% during the fourth quarter. Campbell & CO Investment Adviser LLC also came forward with a new position during this time, while Townsquare Capital LLC grew its holdings by an impressive 40.1%. First Republic Investment Management and Charles Schwab Investment Management also entered into the mix, causing institutional investor and hedge fund ownership to reach an impressive 69.45%.
While there has been recent speculation about insider trading, it does not seem to have affected SEI Investments’ financial performance. The firm reported a quarterly revenue of $469.12 million in April, lower than analysts expected but still impressive given the current economic climate.
Despite initial reports that suggested EPS for Q1 would come in around $0.82, SEI Investments posted an EPS of $0.79. While shareholders may have hoped for stronger results, the company’s return on equity was still an impressive 22.29%, indicating healthy growth potential.
Interestingly, SEI Investments’ board recently authorized a share buyback program of up to $250 million worth of shares back in April of this year, suggesting that despite lower-than-expected earnings results for Q1, the board still has faith in SEI’s abilities to perform well moving forward.
Overall, it seems as though despite some bumps in the road regarding both insider trading and Q1 earnings statements falling short of expectations, investors remain optimistic about their prospects with SEI Investments looking down the line towards future growth opportunities and potential investments worth considering now at this stage when they are relatively cost-effective.