SEI Investments (SEIC) Position Reduced by Aviva PLC

Aviva PLC decreased its position in SEI Investments (NASDAQ:SEIC) by 6.9% in the third quarter, according to its most recent 13F filing with the SEC. The firm owned 61,700 shares of the asset manager’s stock after selling 4,572 shares during the period. Aviva PLC’s holdings in SEI Investments were worth $3,770,000 at the end of the most recent reporting period.

Other institutional investors have also recently bought and sold shares of the company. Quantbot Technologies LP boosted its stake in shares of SEI Investments by 66.2% during the 3rd quarter. Quantbot Technologies LP now owns 37,550 shares of the asset manager’s stock valued at $2,294,000 after buying an additional 14,957 shares during the period. FDx Advisors Inc. acquired a new stake in shares of SEI Investments during the 3rd quarter valued at $206,000. PEAK6 Investments LLC acquired a new stake in shares of SEI Investments during the 3rd quarter valued at $485,000. Korea Investment CORP boosted its stake in shares of SEI Investments by 130.4% during the 3rd quarter. Korea Investment CORP now owns 255,100 shares of the asset manager’s stock valued at $15,587,000 after buying an additional 144,400 shares during the period. Finally, Credit Suisse AG boosted its stake in shares of SEI Investments by 15.0% during the 3rd quarter. Credit Suisse AG now owns 276,471 shares of the asset manager’s stock valued at $16,891,000 after buying an additional 36,126 shares during the period. 69.31% of the stock is owned by hedge funds and other institutional investors.

A number of equities research analysts have issued reports on the stock. Rosenblatt Securities assumed coverage on shares of SEI Investments in a research note on Wednesday, December 5th. They set a “neutral” rating and a $59.00 target price for the company. BidaskClub lowered shares of SEI Investments from a “sell” rating to a “strong sell” rating in a research note on Tuesday, December 4th. Zacks Investment Research lowered shares of SEI Investments from a “buy” rating to a “hold” rating in a research note on Friday, October 26th. Keefe, Bruyette & Woods upgraded shares of SEI Investments from a “market perform” rating to an “outperform” rating and cut their price target for the company from $68.00 to $63.00 in a report on Wednesday, October 24th. Finally, ValuEngine downgraded shares of SEI Investments from a “hold” rating to a “sell” rating in a report on Monday, October 8th. Two equities research analysts have rated the stock with a sell rating, three have given a hold rating and four have issued a buy rating to the stock. The stock presently has a consensus rating of “Hold” and a consensus target price of $72.83.

In related news, major shareholder Alfred P. West, Jr. sold 145,238 shares of SEI Investments stock in a transaction on Wednesday, November 21st. The shares were sold at an average price of $52.76, for a total value of $7,662,756.88. Following the transaction, the insider now owns 10,386,713 shares in the company, valued at approximately $548,002,977.88. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director Dennis Mcgonigle sold 15,000 shares of SEI Investments stock in a transaction on Tuesday, December 4th. The stock was sold at an average price of $51.63, for a total transaction of $774,450.00. Following the completion of the transaction, the director now owns 592,034 shares in the company, valued at approximately $30,566,715.42. The disclosure for this sale can be found here. Insiders sold a total of 521,226 shares of company stock worth $27,829,995 in the last quarter. Insiders own 16.50% of the company’s stock.

SEI Investments stock opened at $49.40 on Monday. The firm has a market cap of $7.68 billion, a PE ratio of 21.29, a price-to-earnings-growth ratio of 1.29 and a beta of 1.21. SEI Investments has a 1-year low of $49.30 and a 1-year high of $78.35.

SEI Investments (NASDAQ:SEIC) last released its quarterly earnings results on Tuesday, October 23rd. The asset manager reported $0.80 earnings per share for the quarter, beating analysts’ consensus estimates of $0.76 by $0.04. The business had revenue of $408.68 million for the quarter, compared to the consensus estimate of $410.35 million. SEI Investments had a net margin of 31.46% and a return on equity of 30.73%. SEI Investments’s revenue for the quarter was up 5.9% on a year-over-year basis. During the same quarter last year, the firm earned $0.63 EPS. On average, sell-side analysts forecast that SEI Investments will post 3.19 earnings per share for the current fiscal year.

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About SEI Investments

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.

See Also: Insider Trading – What You Need to Know

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

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