First Republic Investment Management Inc. Boosts Stake in SEI Investments (SEIC)

First Republic Investment Management Inc. lifted its position in shares of SEI Investments (NASDAQ:SEIC) by 4.9% in the 1st quarter, HoldingsChannel.com reports. The fund owned 11,527 shares of the asset manager’s stock after buying an additional 543 shares during the quarter. First Republic Investment Management Inc.’s holdings in SEI Investments were worth $602,000 as of its most recent filing with the SEC.

A number of other hedge funds and other institutional investors also recently modified their holdings of SEIC. Ruggie Capital Group bought a new position in SEI Investments in the 4th quarter worth about $27,000. Global Retirement Partners LLC boosted its stake in SEI Investments by 67.9% in the 4th quarter. Global Retirement Partners LLC now owns 764 shares of the asset manager’s stock worth $35,000 after purchasing an additional 309 shares during the period. Oregon Public Employees Retirement Fund boosted its stake in SEI Investments by 4,406.2% in the 4th quarter. Oregon Public Employees Retirement Fund now owns 3,250,355 shares of the asset manager’s stock worth $70,000 after purchasing an additional 3,178,224 shares during the period. ETF Managers Group LLC boosted its stake in SEI Investments by 15.7% in the 4th quarter. ETF Managers Group LLC now owns 1,722 shares of the asset manager’s stock worth $80,000 after purchasing an additional 234 shares during the period. Finally, First Bank & Trust bought a new position in SEI Investments in the 1st quarter worth about $93,000. Institutional investors and hedge funds own 69.71% of the company’s stock.

Several brokerages have commented on SEIC. BidaskClub upgraded SEI Investments from a “sell” rating to a “hold” rating in a research note on Tuesday, April 9th. ValuEngine downgraded SEI Investments from a “hold” rating to a “sell” rating in a research note on Thursday, April 25th. Zacks Investment Research upgraded SEI Investments from a “hold” rating to a “buy” rating and set a $63.00 target price for the company in a research note on Friday, April 12th. William Blair restated a “market perform” rating on shares of SEI Investments in a research note on Monday, April 22nd. Finally, TheStreet upgraded SEI Investments from a “c+” rating to a “b-” rating in a research note on Tuesday, March 12th. One investment analyst has rated the stock with a sell rating, four have issued a hold rating and three have issued a buy rating to the stock. SEI Investments currently has an average rating of “Hold” and an average target price of $66.20.

NASDAQ:SEIC opened at $51.24 on Thursday. SEI Investments has a twelve month low of $42.27 and a twelve month high of $69.44. The stock has a market capitalization of $7.82 billion, a price-to-earnings ratio of 16.32, a price-to-earnings-growth ratio of 1.32 and a beta of 1.24.

SEI Investments (NASDAQ:SEIC) last released its quarterly earnings results on Wednesday, April 24th. The asset manager reported $0.73 earnings per share for the quarter, missing the consensus estimate of $0.76 by ($0.03). SEI Investments had a net margin of 29.64% and a return on equity of 29.76%. The business had revenue of $400.82 million during the quarter, compared to analysts’ expectations of $404.82 million. During the same period in the previous year, the business earned $0.86 EPS. The business’s revenue was down 1.2% on a year-over-year basis. As a group, equities research analysts forecast that SEI Investments will post 3.18 earnings per share for the current year.

In other SEI Investments news, EVP Wayne Withrow sold 13,988 shares of the firm’s stock in a transaction dated Friday, February 22nd. The stock was sold at an average price of $52.68, for a total value of $736,887.84. Following the sale, the executive vice president now owns 45,702 shares of the company’s stock, valued at approximately $2,407,581.36. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, Director Sarah Blumenstein sold 5,000 shares of the firm’s stock in a transaction dated Friday, May 10th. The shares were sold at an average price of $51.96, for a total value of $259,800.00. Following the completion of the sale, the director now directly owns 10,681 shares in the company, valued at approximately $554,984.76. The disclosure for this sale can be found here. In the last ninety days, insiders sold 286,603 shares of company stock worth $15,122,842. Insiders own 22.60% of the company’s stock.

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SEI Investments Company Profile

SEI Investments Company 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.

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

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