Usca Ria LLC acquired a new position in SEI Investments (NASDAQ:SEIC) in the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm acquired 44,528 shares of the asset manager’s stock, valued at approximately $2,721,000.
Several other large investors have also modified their holdings of the business. Jane Street Group LLC boosted its stake in shares of SEI Investments by 29.6% during the 1st quarter. Jane Street Group LLC now owns 3,700 shares of the asset manager’s stock worth $277,000 after purchasing an additional 845 shares during the period. Rhumbline Advisers boosted its stake in shares of SEI Investments by 0.3% during the 2nd quarter. Rhumbline Advisers now owns 298,311 shares of the asset manager’s stock worth $18,650,000 after purchasing an additional 931 shares during the period. Bbva Compass Bancshares Inc. boosted its stake in shares of SEI Investments by 0.9% during the 2nd quarter. Bbva Compass Bancshares Inc. now owns 110,599 shares of the asset manager’s stock worth $6,915,000 after purchasing an additional 942 shares during the period. Aperio Group LLC boosted its stake in shares of SEI Investments by 2.7% during the 2nd quarter. Aperio Group LLC now owns 36,085 shares of the asset manager’s stock worth $2,256,000 after purchasing an additional 949 shares during the period. Finally, MetLife Investment Advisors LLC boosted its stake in shares of SEI Investments by 1.2% during the 2nd quarter. MetLife Investment Advisors LLC now owns 82,465 shares of the asset manager’s stock worth $5,156,000 after purchasing an additional 1,000 shares during the period. 69.54% of the stock is owned by institutional investors and hedge funds.
In other SEI Investments news, insider Dennis Mcgonigle sold 15,000 shares of the business’s stock in a transaction dated Wednesday, September 12th. The shares were sold at an average price of $62.83, for a total value of $942,450.00. Following the completion of the sale, the insider now directly owns 27,540 shares of the company’s stock, valued at approximately $1,730,338.20. The transaction was disclosed in a filing with the SEC, which is available through this link. Also, insider Joseph P. Ujobai sold 1,500 shares of the business’s stock in a transaction dated Friday, August 10th. The shares were sold at an average price of $59.80, for a total transaction of $89,700.00. Following the completion of the sale, the insider now directly owns 29,567 shares of the company’s stock, valued at $1,768,106.60. The disclosure for this sale can be found here. Over the last three months, insiders sold 17,973 shares of company stock valued at $1,120,294. 17.30% of the stock is owned by corporate insiders.
SEI Investments stock opened at $53.93 on Tuesday. The stock has a market capitalization of $8.44 billion, a price-to-earnings ratio of 23.25, a P/E/G ratio of 1.42 and a beta of 1.20. SEI Investments has a 1 year low of $50.99 and a 1 year high of $78.35.
SEI Investments (NASDAQ:SEIC) last released its quarterly earnings data on Tuesday, October 23rd. The asset manager reported $0.80 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.76 by $0.04. The company had revenue of $408.68 million during the quarter, compared to analysts’ expectations of $410.35 million. SEI Investments had a net margin of 31.46% and a return on equity of 30.73%. The firm’s quarterly revenue was up 5.9% on a year-over-year basis. During the same period in the previous year, the company earned $0.63 EPS. As a group, equities research analysts anticipate that SEI Investments will post 3.19 earnings per share for the current year.
Several equities research analysts have issued reports on the stock. Keefe, Bruyette & Woods raised shares of SEI Investments from a “market perform” rating to an “outperform” rating and lowered their price objective for the company from $68.00 to $63.00 in a research report on Wednesday, October 24th. BidaskClub cut shares of SEI Investments from a “hold” rating to a “sell” rating in a research report on Wednesday, July 18th. Mizuho reissued a “buy” rating and issued a $85.00 price objective on shares of SEI Investments in a research report on Friday, July 20th. Zacks Investment Research cut shares of SEI Investments from a “buy” rating to a “hold” rating in a research report on Friday, October 26th. Finally, ValuEngine cut shares of SEI Investments from a “hold” rating to a “sell” rating in a research report on Monday, October 8th. Two analysts have rated the stock with a sell rating, two have given a hold rating and four have assigned a buy rating to the stock. The company presently has a consensus rating of “Hold” and an average price target of $75.60.
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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.
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