Ameriprise Financial Inc. Has $44.20 Million Position in Service Corporation International (SCI)

Ameriprise Financial Inc. boosted its stake in Service Corporation International (NYSE:SCI) by 36.9% during the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 1,431,027 shares of the company’s stock after buying an additional 385,891 shares during the period. Ameriprise Financial Inc. owned approximately 0.76% of Service Corporation International worth $44,195,000 as of its most recent filing with the SEC.

Several other hedge funds have also recently bought and sold shares of the company. Dynamic Capital Management Ltd raised its stake in Service Corporation International by 170.9% in the third quarter. Dynamic Capital Management Ltd now owns 23,589 shares of the company’s stock valued at $626,000 after buying an additional 14,882 shares during the last quarter. KCG Holdings Inc. increased its position in shares of Service Corporation International by 210.8% in the third quarter. KCG Holdings Inc. now owns 43,208 shares of the company’s stock worth $1,147,000 after buying an additional 29,306 shares during the period. Profund Advisors LLC increased its position in shares of Service Corporation International by 13.8% in the third quarter. Profund Advisors LLC now owns 26,771 shares of the company’s stock worth $711,000 after buying an additional 3,247 shares during the period. Pacer Advisors Inc. increased its position in shares of Service Corporation International by 9.3% in the third quarter. Pacer Advisors Inc. now owns 18,936 shares of the company’s stock worth $503,000 after buying an additional 1,606 shares during the period. Finally, Principal Financial Group Inc. increased its position in shares of Service Corporation International by 4.8% in the third quarter. Principal Financial Group Inc. now owns 773,851 shares of the company’s stock worth $20,538,000 after buying an additional 35,506 shares during the period. Hedge funds and other institutional investors own 87.08% of the company’s stock.

Institutional Ownership by Quarter for Service Corporation International (NYSE:SCI)

Shares of Service Corporation International (NYSE SCI) traded down 0.62% during trading on Friday, hitting $32.20. 1,649,851 shares of the company were exchanged. The stock has a market capitalization of $6.05 billion, a PE ratio of 20.60 and a beta of 0.95. Service Corporation International has a 1-year low of $24.90 and a 1-year high of $33.20. The company has a 50 day moving average of $32.02 and a 200-day moving average of $30.29.

Service Corporation International (NYSE:SCI) last announced its earnings results on Wednesday, April 26th. The company reported $0.38 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.30 by $0.08. The business had revenue of $777.70 million for the quarter, compared to analysts’ expectations of $764.02 million. Service Corporation International had a return on equity of 23.87% and a net margin of 9.94%. The business’s revenue for the quarter was up 3.8% on a year-over-year basis. During the same period last year, the firm posted $0.28 earnings per share. On average, analysts forecast that Service Corporation International will post $1.42 earnings per share for the current year.

The company also recently announced a quarterly dividend, which will be paid on Friday, June 30th. Shareholders of record on Thursday, June 15th will be given a $0.15 dividend. This represents a $0.60 annualized dividend and a yield of 1.86%. This is a boost from Service Corporation International’s previous quarterly dividend of $0.13. The ex-dividend date is Tuesday, June 13th. Service Corporation International’s dividend payout ratio (DPR) is presently 38.22%.

COPYRIGHT VIOLATION NOTICE: “Ameriprise Financial Inc. Has $44.20 Million Position in Service Corporation International (SCI)” was originally published by Chaffey Breeze and is the property of of Chaffey Breeze. If you are viewing this news story on another site, it was illegally copied and republished in violation of US & international copyright and trademark laws. The original version of this news story can be viewed at https://www.chaffeybreeze.com/2017/06/16/ameriprise-financial-inc-buys-385891-shares-of-service-co-international-sci-updated-updated-updated.html.

A number of equities analysts recently weighed in on SCI shares. Deutsche Bank AG started coverage on shares of Service Corporation International in a report on Monday, May 1st. They issued a “buy” rating and a $40.00 price target on the stock. Zacks Investment Research raised shares of Service Corporation International from a “hold” rating to a “buy” rating and set a $37.00 price target on the stock in a report on Saturday, April 29th. Finally, BidaskClub downgraded shares of Service Corporation International from a “hold” rating to a “sell” rating in a report on Saturday, June 10th. One research analyst has rated the stock with a sell rating, one has assigned a hold rating and four have given a buy rating to the stock. The stock has a consensus rating of “Buy” and an average price target of $35.25.

In other Service Corporation International news, CEO Thomas L. Ryan sold 100,000 shares of the firm’s stock in a transaction dated Wednesday, May 31st. The stock was sold at an average price of $31.80, for a total value of $3,180,000.00. Following the transaction, the chief executive officer now directly owns 1,175,109 shares of the company’s stock, valued at $37,368,466.20. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, VP Sumner J. Waring III sold 82,400 shares of Service Corporation International stock in a transaction dated Monday, May 1st. The shares were sold at an average price of $32.25, for a total value of $2,657,400.00. Following the transaction, the vice president now directly owns 408,452 shares in the company, valued at $13,172,577. The disclosure for this sale can be found here. Insiders sold 331,400 shares of company stock worth $10,639,948 over the last three months. Insiders own 6.20% of the company’s stock.

About Service Corporation International

Service Corporation International is a provider of deathcare products and services, with a network of funeral service locations and cemeteries. The Company’s segments include Funeral, Cemetery and Corporate. It conducts both funeral and cemetery operations in the United States and Canada. As December 31, 2016, it operated 1,502 funeral service locations and 470 cemeteries, including 281 funeral service/cemetery combination locations, which are geographically diversified across 45 states, eight Canadian provinces, the District of Columbia, and Puerto Rico.

Receive News & Ratings for Service Corporation International Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Service Corporation International and related companies with MarketBeat.com's FREE daily email newsletter.

Latest News

Leave a Reply