Schroder Investment Management Group grew its position in shares of SEI Investments (NASDAQ:SEIC) by 179.8% during the third quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 54,943 shares of the asset manager’s stock after acquiring an additional 35,309 shares during the quarter. Schroder Investment Management Group’s holdings in SEI Investments were worth $3,357,000 as of its most recent filing with the Securities and Exchange Commission (SEC).
A number of other institutional investors and hedge funds have also recently bought and sold shares of the business. BlackRock Inc. boosted its holdings in SEI Investments by 3.6% during the 3rd quarter. BlackRock Inc. now owns 13,870,716 shares of the asset manager’s stock worth $847,500,000 after acquiring an additional 485,625 shares during the last quarter. Bank of America Corp DE boosted its holdings in SEI Investments by 3.2% during the 2nd quarter. Bank of America Corp DE now owns 4,234,934 shares of the asset manager’s stock worth $264,767,000 after acquiring an additional 131,166 shares during the last quarter. Bank of New York Mellon Corp boosted its holdings in SEI Investments by 2.3% during the 3rd quarter. Bank of New York Mellon Corp now owns 1,852,116 shares of the asset manager’s stock worth $113,164,000 after acquiring an additional 41,307 shares during the last quarter. American Century Companies Inc. boosted its holdings in SEI Investments by 0.4% during the 2nd quarter. American Century Companies Inc. now owns 1,667,151 shares of the asset manager’s stock worth $104,230,000 after acquiring an additional 6,923 shares during the last quarter. Finally, Janus Henderson Group PLC boosted its holdings in SEI Investments by 30.9% during the 2nd quarter. Janus Henderson Group PLC now owns 1,134,674 shares of the asset manager’s stock worth $70,940,000 after acquiring an additional 268,000 shares during the last quarter. 69.31% of the stock is currently owned by hedge funds and other institutional investors.
In related news, major shareholder Alfred P. West, Jr. sold 212,995 shares of the business’s stock in a transaction dated Wednesday, November 28th. The stock was sold at an average price of $53.41, for a total value of $11,376,062.95. Following the sale, the insider now directly owns 10,144,708 shares in the company, valued at approximately $541,828,854.28. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director Dennis Mcgonigle sold 15,000 shares of the business’s stock in a transaction dated Tuesday, December 4th. The shares were sold at an average price of $51.63, for a total value of $774,450.00. Following the completion of the sale, the director now owns 592,034 shares in the company, valued at $30,566,715.42. The disclosure for this sale can be found here. Insiders have sold a total of 521,226 shares of company stock worth $27,829,995 over the last quarter. Company insiders own 16.50% of the company’s stock.
A number of equities analysts have issued reports on the stock. Zacks Investment Research downgraded shares of SEI Investments from a “buy” rating to a “hold” rating in a report on Friday, October 26th. BidaskClub cut SEI Investments from a “sell” rating to a “strong sell” rating in a research note on Tuesday. Rosenblatt Securities started coverage on SEI Investments in a research note on Wednesday. They set a “neutral” rating and a $59.00 target price on the stock. Keefe, Bruyette & Woods upgraded SEI Investments from a “market perform” rating to an “outperform” rating and lowered their target price for the stock from $68.00 to $63.00 in a research note on Wednesday, October 24th. Finally, ValuEngine cut SEI Investments from a “hold” rating to a “sell” rating in a research note on Monday, October 8th. Two equities research analysts have rated the stock with a sell rating, three have assigned a hold rating and four have issued a buy rating to the stock. The company presently has an average rating of “Hold” and a consensus price target of $72.83.
NASDAQ SEIC opened at $49.40 on Friday. The firm has a market cap of $7.98 billion, a PE ratio of 17.16, a price-to-earnings-growth ratio of 1.34 and a beta of 1.21. SEI Investments has a one year low of $49.30 and a one year high of $78.35.
SEI Investments (NASDAQ:SEIC) last released its earnings results on Tuesday, October 23rd. The asset manager reported $0.80 EPS for the quarter, topping the Zacks’ consensus estimate of $0.76 by $0.04. The company had revenue of $408.68 million for the quarter, compared to analysts’ expectations of $410.35 million. SEI Investments had a return on equity of 30.73% and a net margin of 31.46%. The business’s revenue for the quarter was up 5.9% compared to the same quarter last year. During the same period in the previous year, the business posted $0.63 EPS. On average, research analysts predict that SEI Investments will post 3.19 earnings per share for the current fiscal year.
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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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