US Bancorp DE increased its position in shares of SEI Investments Company (NASDAQ:SEIC) by 1,649.0% during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 22,282 shares of the asset manager’s stock after buying an additional 21,008 shares during the period. US Bancorp DE’s holdings in SEI Investments were worth $1,198,000 at the end of the most recent reporting period.
A number of other large investors also recently modified their holdings of SEIC. BlackRock Inc. increased its stake in shares of SEI Investments by 3,644.6% in the first quarter. BlackRock Inc. now owns 12,750,729 shares of the asset manager’s stock valued at $643,148,000 after buying an additional 12,410,221 shares in the last quarter. Vanguard Group Inc. increased its stake in shares of SEI Investments by 4.8% in the first quarter. Vanguard Group Inc. now owns 12,903,413 shares of the asset manager’s stock valued at $650,849,000 after buying an additional 595,691 shares in the last quarter. UBS Asset Management Americas Inc. increased its stake in shares of SEI Investments by 107.7% in the fourth quarter. UBS Asset Management Americas Inc. now owns 685,000 shares of the asset manager’s stock valued at $33,811,000 after buying an additional 355,130 shares in the last quarter. Frontier Capital Management Co. LLC increased its stake in shares of SEI Investments by 123.0% in the first quarter. Frontier Capital Management Co. LLC now owns 642,811 shares of the asset manager’s stock valued at $32,423,000 after buying an additional 354,536 shares in the last quarter. Finally, Boston Partners increased its stake in shares of SEI Investments by 12.8% in the first quarter. Boston Partners now owns 2,990,529 shares of the asset manager’s stock valued at $150,843,000 after buying an additional 339,121 shares in the last quarter. 70.07% of the stock is currently owned by institutional investors.
Shares of SEI Investments Company (NASDAQ:SEIC) traded up 0.30% during midday trading on Tuesday, reaching $56.57. The company’s stock had a trading volume of 75,824 shares. The stock’s 50-day moving average price is $54.72 and its 200-day moving average price is $51.69. SEI Investments Company has a 12-month low of $42.90 and a 12-month high of $57.50. The company has a market cap of $8.94 billion, a P/E ratio of 25.94 and a beta of 1.33.
SEI Investments (NASDAQ:SEIC) last released its quarterly earnings data on Wednesday, July 26th. The asset manager reported $0.57 EPS for the quarter, beating analysts’ consensus estimates of $0.55 by $0.02. The business had revenue of $372.30 million for the quarter, compared to the consensus estimate of $369.88 million. SEI Investments had a return on equity of 26.60% and a net margin of 24.44%. The business’s revenue for the quarter was up 8.3% on a year-over-year basis. During the same quarter in the prior year, the business posted $0.49 EPS. On average, analysts expect that SEI Investments Company will post $2.28 EPS for the current fiscal year.
Several equities research analysts have weighed in on SEIC shares. BidaskClub downgraded SEI Investments from a “strong-buy” rating to a “buy” rating in a report on Monday, July 31st. Keefe, Bruyette & Woods reissued a “hold” rating and issued a $58.00 price target on shares of SEI Investments in a report on Thursday, July 27th. Zacks Investment Research downgraded SEI Investments from a “buy” rating to a “hold” rating in a report on Friday, April 21st. Oppenheimer Holdings, Inc. raised their price target on SEI Investments from $55.00 to $60.00 and gave the stock an “outperform” rating in a report on Tuesday, July 11th. Finally, Raymond James Financial, Inc. reissued a “market perform” rating on shares of SEI Investments in a report on Thursday, April 20th. Two analysts have rated the stock with a hold rating and four have issued a buy rating to the company’s stock. The stock currently has a consensus rating of “Buy” and an average target price of $59.75.
In related news, insider Paul Klauder sold 7,500 shares of the company’s stock in a transaction dated Tuesday, June 13th. The stock was sold at an average price of $53.56, for a total value of $401,700.00. Following the completion of the sale, the insider now directly owns 21,629 shares of the company’s stock, valued at approximately $1,158,449.24. The sale was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, Director Carmen Romeo sold 5,000 shares of the company’s stock in a transaction dated Thursday, May 11th. The shares were sold at an average price of $51.60, for a total value of $258,000.00. Following the completion of the sale, the director now directly owns 1,600,952 shares of the company’s stock, valued at $82,609,123.20. The disclosure for this sale can be found here. Over the last three months, insiders sold 272,500 shares of company stock valued at $14,795,277. Insiders own 17.10% of the company’s stock.
SEI Investments Company Profile
SEI Investments Company provides investment processing, investment management and investment operations solutions. The Company provides its solutions to financial institutions, financial advisors, institutional investors, investment managers and ultra-high-net-worth families in the United States, Canada, the United Kingdom, continental Europe and various other locations around the world.
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