SEI Investments (NASDAQ:SEIC) Shares Sold by Brandywine Global Investment Management LLC

Brandywine Global Investment Management LLC decreased its stake in shares of SEI Investments (NASDAQ:SEIC) by 3.8% in the 2nd quarter, according to its most recent Form 13F filing with the SEC. The fund owned 122,001 shares of the asset manager’s stock after selling 4,819 shares during the period. Brandywine Global Investment Management LLC owned 0.09% of SEI Investments worth $7,560,000 at the end of the most recent reporting period.

Other hedge funds also recently modified their holdings of the company. Captrust Financial Advisors increased its position in SEI Investments by 52.1% during the first quarter. Captrust Financial Advisors now owns 502 shares of the asset manager’s stock worth $31,000 after purchasing an additional 172 shares during the last quarter. Meeder Asset Management Inc. increased its position in shares of SEI Investments by 100.3% in the second quarter. Meeder Asset Management Inc. now owns 649 shares of the asset manager’s stock worth $40,000 after acquiring an additional 325 shares in the last quarter. Private Ocean LLC acquired a new stake in shares of SEI Investments in the second quarter worth $74,000. SRS Capital Advisors Inc. acquired a new stake in shares of SEI Investments in the second quarter worth $78,000. Finally, Ameritas Investment Company LLC acquired a new stake in shares of SEI Investments in the first quarter worth $97,000. 68.49% of the stock is owned by hedge funds and other institutional investors.

SEI Investments stock opened at $59.66 on Thursday. The firm’s 50-day moving average is $60.63 and its 200-day moving average is $61.56. SEI Investments has a 1 year low of $48.70 and a 1 year high of $64.78. The company has a market cap of $8.42 billion, a P/E ratio of 17.39, a PEG ratio of 1.32 and a beta of 1.10.

SEI Investments (NASDAQ:SEIC) last posted its quarterly earnings results on Tuesday, July 20th. The asset manager reported $0.93 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.92 by $0.01. SEI Investments had a net margin of 27.79% and a return on equity of 28.17%. The company had revenue of $475.65 million for the quarter, compared to the consensus estimate of $464.69 million. During the same period last year, the firm posted $0.68 EPS. The company’s revenue for the quarter was up 18.7% on a year-over-year basis. As a group, equities analysts expect that SEI Investments will post 3.75 EPS for the current year.

Several equities research analysts have recently issued reports on the stock. Oppenheimer increased their price objective on shares of SEI Investments from $72.00 to $75.00 and gave the stock an “outperform” rating in a research report on Thursday, July 22nd. Raymond James reissued a “hold” rating on shares of SEI Investments in a research report on Thursday, July 8th. Two research analysts have rated the stock with a hold rating and three have issued a buy rating to the company. Based on data from MarketBeat, the stock presently has an average rating of “Buy” and an average target price of $69.38.

About SEI Investments

SEI Investments Co engages in the provision of investment processing, investment management and investment operations platforms. It operates through the following business segments: Private Banks, Investment Advisors, Institutional Investors, Investment Managers, and Investments in New Businesses. The Private Banks segment provides outsourced investment processing and investment management platforms to banks and trust institutions, independent wealth advisers and financial advisors worldwide.

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

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