DekaBank Deutsche Girozentrale Decreases Position in SEI Investments (SEIC)

DekaBank Deutsche Girozentrale decreased its position in shares of SEI Investments (NASDAQ:SEIC) by 7.0% in the first quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 18,029 shares of the asset manager’s stock after selling 1,356 shares during the quarter. DekaBank Deutsche Girozentrale’s holdings in SEI Investments were worth $1,373,000 as of its most recent SEC filing.

Several other institutional investors have also recently added to or reduced their stakes in the stock. CIBC Asset Management Inc lifted its holdings in shares of SEI Investments by 11.5% during the fourth quarter. CIBC Asset Management Inc now owns 7,091 shares of the asset manager’s stock worth $510,000 after purchasing an additional 734 shares during the period. Meadow Creek Investment Management LLC lifted its holdings in shares of SEI Investments by 10.7% during the fourth quarter. Meadow Creek Investment Management LLC now owns 7,936 shares of the asset manager’s stock worth $570,000 after purchasing an additional 768 shares during the period. Profund Advisors LLC lifted its holdings in shares of SEI Investments by 6.3% during the fourth quarter. Profund Advisors LLC now owns 15,860 shares of the asset manager’s stock worth $1,140,000 after purchasing an additional 941 shares during the period. Advisor Group Inc. lifted its holdings in shares of SEI Investments by 8.4% during the fourth quarter. Advisor Group Inc. now owns 13,438 shares of the asset manager’s stock worth $966,000 after purchasing an additional 1,044 shares during the period. Finally, BB&T Securities LLC lifted its holdings in shares of SEI Investments by 5.0% during the fourth quarter. BB&T Securities LLC now owns 25,846 shares of the asset manager’s stock worth $1,857,000 after purchasing an additional 1,227 shares during the period. 70.41% of the stock is owned by hedge funds and other institutional investors.

Several brokerages recently weighed in on SEIC. BidaskClub cut SEI Investments from a “strong-buy” rating to a “buy” rating in a research report on Thursday, January 25th. Oppenheimer reiterated a “buy” rating and set a $80.00 price target on shares of SEI Investments in a research report on Thursday, February 1st. Zacks Investment Research cut SEI Investments from a “buy” rating to a “hold” rating in a research report on Tuesday, March 6th. Sandler O’Neill set a $81.00 price target on SEI Investments and gave the company a “buy” rating in a research report on Tuesday, April 10th. Finally, William Blair cut SEI Investments from an “outperform” rating to a “market perform” rating in a research report on Thursday, April 12th. Four investment analysts have rated the stock with a hold rating and three have issued a buy rating to the stock. SEI Investments currently has a consensus rating of “Hold” and a consensus target price of $75.00.

In other news, insider Stephen Meyer sold 20,424 shares of the business’s stock in a transaction that occurred on Monday, March 12th. The stock was sold at an average price of $77.44, for a total value of $1,581,634.56. Following the completion of the sale, the insider now directly owns 98,276 shares in the company, valued at $7,610,493.44. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, EVP N Jeffrey Klauder acquired 3,637 shares of the business’s stock in a transaction dated Tuesday, March 13th. The stock was acquired at an average price of $23.86 per share, with a total value of $86,778.82. Following the completion of the transaction, the executive vice president now directly owns 45,831 shares of the company’s stock, valued at $1,093,527.66. The disclosure for this purchase can be found here. Insiders sold 45,348 shares of company stock valued at $3,448,312 over the last 90 days. Company insiders own 16.50% of the company’s stock.

Shares of SEI Investments opened at $64.84 on Friday, Marketbeat reports. The company has a debt-to-equity ratio of 0.01, a current ratio of 6.43 and a quick ratio of 6.31. The company has a market cap of $10.07 billion, a P/E ratio of 27.95, a P/E/G ratio of 1.70 and a beta of 1.28. SEI Investments has a twelve month low of $63.98 and a twelve month high of $64.36.

SEI Investments (NASDAQ:SEIC) last announced its quarterly earnings results on Wednesday, April 25th. The asset manager reported $0.86 earnings per share for the quarter, beating the consensus estimate of $0.76 by $0.10. The company had revenue of $405.60 million during the quarter, compared to analysts’ expectations of $408.10 million. SEI Investments had a return on equity of 29.07% and a net margin of 28.97%. SEI Investments’s quarterly revenue was up 12.7% on a year-over-year basis. During the same period last year, the business earned $0.55 earnings per share. equities analysts predict that SEI Investments will post 3.13 earnings per share for the current year.

SEI Investments Profile

SEI Investments Co is a publicly owned asset management holding company. 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.

Institutional Ownership by Quarter for SEI Investments (NASDAQ:SEIC)

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