Nikko Asset Management Americas Has Increased Cummins (CMI) Stake; Sei Investments Co (SEIC) Has 1.24 Sentiment

SEI Investments Co. is a publicly owned asset management holding company. The company has market cap of $11.54 billion. Through its subsidiaries, the firm provides wealth management, retirement and investment solutions, asset management, asset administration, investment processing outsourcing solutions, financial services, and investment advisory services to its clients. It has a 29.47 P/E ratio. It provides its services to private banks, independent financial advisers, institutional investors, investment managers, investment advisors, wealth management organizations, firms, retirement scheme sponsors, not-for-profit organizations, hedge fund managers, registered investment advisers, independent broker-dealers, financial planners, life insurance agents, defined-benefit schemes, defined-contribution schemes, endowments, foundations, and board-designated fund, through its subsidiaries.

Nikko Asset Management Americas Inc increased Cummins Inc (CMI) stake by 23.78% reported in 2017Q3 SEC filing. Nikko Asset Management Americas Inc acquired 4,400 shares as Cummins Inc (CMI)’s stock rose 1.30%. The Nikko Asset Management Americas Inc holds 22,900 shares with $3.85M value, up from 18,500 last quarter. Cummins Inc now has $26.25B valuation. The stock decreased 1.21% or $1.95 during the last trading session, reaching $158.94. About 3.08 million shares traded or 114.92% up from the average. Cummins Inc. (NYSE:CMI) has risen 43.32% since March 3, 2017 and is uptrending. It has outperformed by 26.62% the S&P500.

Investors sentiment increased to 1.1 in Q3 2017. Its up 0.09, from 1.01 in 2017Q2. It increased, as 57 investors sold CMI shares while 253 reduced holdings. 92 funds opened positions while 249 raised stakes. 132.23 million shares or 1.24% more from 130.61 million shares in 2017Q2 were reported. 19,055 were accumulated by Mutual Of America Cap Lc. Eaton Vance Management accumulated 3,658 shares or 0% of the stock. The Netherlands-based Pensionfund Dsm Netherlands has invested 0.56% in Cummins Inc. (NYSE:CMI). Bluecrest accumulated 2,089 shares. Prudential Fin reported 769,014 shares. First In invested 0.04% of its portfolio in Cummins Inc. (NYSE:CMI). Boys Arnold & accumulated 2,305 shares or 0.06% of the stock. Geode Cap Mgmt Lc accumulated 2.06 million shares. Meiji Yasuda Life Company reported 9,692 shares. Aull Monroe Inv Mngmt Corp accumulated 5,900 shares. Covington Capital Mngmt reported 0.52% in Cummins Inc. (NYSE:CMI). State Bank Of Nova Scotia accumulated 27,538 shares or 0.03% of the stock. Mason Street Lc has 0.09% invested in Cummins Inc. (NYSE:CMI). Cap Fund Sa invested in 50,408 shares or 0.06% of the stock. Essex Financial Incorporated accumulated 4,021 shares or 0.17% of the stock.

Among 29 analysts covering Cummins (NYSE:CMI), 10 have Buy rating, 2 Sell and 17 Hold. Therefore 34% are positive. Cummins had 102 analyst reports since July 22, 2015 according to SRatingsIntel. Stifel Nicolaus maintained the shares of CMI in report on Thursday, April 13 with “Hold” rating. The firm has “Buy” rating by Buckingham Research given on Wednesday, November 1. The rating was maintained by Barclays Capital on Wednesday, January 24 with “Equal-Weight”. The firm earned “Hold” rating on Wednesday, November 11 by Deutsche Bank. Jefferies maintained the stock with “Hold” rating in Friday, October 20 report. The company was maintained on Wednesday, October 28 by Barclays Capital. The stock of Cummins Inc. (NYSE:CMI) has “Market Perform” rating given on Wednesday, November 8 by BMO Capital Markets. The stock has “Sell” rating by Deutsche Bank on Wednesday, August 2. Robert W. Baird maintained the shares of CMI in report on Wednesday, November 1 with “Sell” rating. Citigroup downgraded Cummins Inc. (NYSE:CMI) on Monday, January 25 to “Neutral” rating.

Nikko Asset Management Americas Inc decreased Tahoe Resources Inc (NYSE:TAHO) stake by 99,200 shares to 968,630 valued at $5.11 million in 2017Q3. It also reduced Cabot Oil & Gas Corp (NYSE:COG) stake by 93,400 shares and now owns 489,457 shares. Boeing Co/The (NYSE:BA) was reduced too.

Dudley & Shanley Llc holds 6.01% of its portfolio in SEI Investments Co. for 445,700 shares. Goodnow Investment Group Llc owns 321,405 shares or 4.04% of their US portfolio. Moreover, Hahn Capital Management Llc has 3.71% invested in the company for 614,442 shares. The Maryland-based Df Dent & Co Inc has invested 3.65% in the stock. American Capital Management Inc, a New York-based fund reported 849,780 shares.

Analysts await SEI Investments Co. (NASDAQ:SEIC) to report earnings on April, 18. They expect $0.78 earnings per share, up 41.82% or $0.23 from last year’s $0.55 per share. SEIC’s profit will be $122.68M for 23.52 P/E if the $0.78 EPS becomes a reality. After $0.58 actual earnings per share reported by SEI Investments Co. for the previous quarter, Wall Street now forecasts 34.48% EPS growth.

The stock increased 1.72% or $1.24 during the last trading session, reaching $73.38. About 688,833 shares traded or 6.65% up from the average. SEI Investments Co. (SEIC) has risen 1.87% since March 3, 2017 and is uptrending. It has underperformed by 14.83% the S&P500.