First Bank & Trust purchased a new stake in SEI Investments (NASDAQ:SEIC) during the 1st quarter, according to the company in its most recent disclosure with the SEC. The institutional investor purchased 1,782 shares of the asset manager’s stock, valued at approximately $93,000.
Several other institutional investors have also made changes to their positions in the company. Mn Services Vermogensbeheer B.V. lifted its stake in SEI Investments by 7.6% during the 4th quarter. Mn Services Vermogensbeheer B.V. now owns 22,584 shares of the asset manager’s stock worth $913,000 after acquiring an additional 1,600 shares in the last quarter. Korea Investment CORP lifted its stake in SEI Investments by 27.4% during the 4th quarter. Korea Investment CORP now owns 325,100 shares of the asset manager’s stock worth $15,020,000 after acquiring an additional 70,000 shares in the last quarter. Advisor Group Inc. lifted its stake in SEI Investments by 11.5% during the 4th quarter. Advisor Group Inc. now owns 17,037 shares of the asset manager’s stock worth $789,000 after acquiring an additional 1,757 shares in the last quarter. Two Sigma Investments LP lifted its stake in SEI Investments by 132.4% during the 4th quarter. Two Sigma Investments LP now owns 492,547 shares of the asset manager’s stock worth $22,756,000 after acquiring an additional 280,615 shares in the last quarter. Finally, BB&T Corp lifted its stake in SEI Investments by 0.8% during the 4th quarter. BB&T Corp now owns 99,424 shares of the asset manager’s stock worth $4,593,000 after acquiring an additional 808 shares in the last quarter. 69.39% of the stock is currently owned by institutional investors and hedge funds.
SEIC has been the topic of several recent research reports. ValuEngine upgraded SEI Investments from a “sell” rating to a “hold” rating in a report on Tuesday. Keefe, Bruyette & Woods downgraded SEI Investments from an “outperform” rating to a “market perform” rating and upped their price target for the stock from $56.00 to $64.00 in a report on Sunday. Zacks Investment Research upgraded SEI Investments from a “hold” rating to a “buy” rating and set a $63.00 price target on the stock in a report on Friday, April 12th. BidaskClub upgraded SEI Investments from a “sell” rating to a “hold” rating in a report on Tuesday, April 9th. Finally, TheStreet upgraded SEI Investments from a “c+” rating to a “b-” rating in a report on Tuesday, March 12th. Four analysts have rated the stock with a hold rating and three have assigned a buy rating to the company’s stock. The stock has an average rating of “Hold” and an average price target of $66.20.
SEIC opened at $57.96 on Wednesday. SEI Investments has a one year low of $42.27 and a one year high of $71.65. The stock has a market capitalization of $8.76 billion, a PE ratio of 18.46, a price-to-earnings-growth ratio of 1.54 and a beta of 1.24.
SEI Investments (NASDAQ:SEIC) last released its quarterly earnings results on Wednesday, January 30th. The asset manager reported $0.73 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.74 by ($0.01). The firm had revenue of $405.05 million for the quarter, compared to analysts’ expectations of $403.45 million. SEI Investments had a return on equity of 31.48% and a net margin of 31.15%. The company’s quarterly revenue was down .8% compared to the same quarter last year. During the same quarter in the prior year, the business earned $0.75 EPS. As a group, sell-side analysts forecast that SEI Investments will post 3.09 earnings per share for the current year.
In related news, insider Paul Klauder sold 7,500 shares of the firm’s stock in a transaction that occurred on Tuesday, March 19th. The stock was sold at an average price of $52.89, for a total transaction of $396,675.00. Following the transaction, the insider now owns 24,841 shares in the company, valued at approximately $1,313,840.49. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, VP Kathy Heilig sold 16,000 shares of the firm’s stock in a transaction that occurred on Thursday, March 14th. The stock was sold at an average price of $51.50, for a total value of $824,000.00. Following the transaction, the vice president now owns 17,891 shares in the company, valued at approximately $921,386.50. The disclosure for this sale can be found here. Insiders have sold a total of 307,103 shares of company stock worth $16,143,042 in the last 90 days. 17.30% of the stock is currently owned by company insiders.
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SEI Investments Company 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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