BB&T Corp boosted its position in shares of SEI Investments Company (NASDAQ:SEIC) by 7.7% during the second quarter, according to its most recent filing with the SEC. The fund owned 86,425 shares of the asset manager’s stock after buying an additional 6,144 shares during the period. BB&T Corp owned approximately 0.05% of SEI Investments worth $4,648,000 at the end of the most recent reporting period.
A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in the stock. Russell Investments Group Ltd. purchased a new position in SEI Investments during the fourth quarter worth approximately $1,139,000. FMR LLC boosted its position in SEI Investments by 23.0% in the fourth quarter. FMR LLC now owns 240,850 shares of the asset manager’s stock worth $11,889,000 after buying an additional 45,074 shares in the last quarter. Renaissance Technologies LLC purchased a new position in SEI Investments during the fourth quarter worth approximately $2,933,000. UBS Asset Management Americas Inc. boosted its position in SEI Investments by 107.7% in the fourth quarter. UBS Asset Management Americas Inc. now owns 685,000 shares of the asset manager’s stock worth $33,811,000 after buying an additional 355,130 shares in the last quarter. Finally, Teachers Advisors LLC boosted its position in SEI Investments by 5.3% in the fourth quarter. Teachers Advisors LLC now owns 122,376 shares of the asset manager’s stock worth $6,040,000 after buying an additional 6,204 shares in the last quarter. 68.58% of the stock is currently owned by institutional investors and hedge funds.
Shares of SEI Investments Company (NASDAQ SEIC) traded up 0.22% on Friday, hitting $55.82. The stock had a trading volume of 594,256 shares. SEI Investments Company has a 12 month low of $42.90 and a 12 month high of $57.50. The company has a 50 day moving average price of $55.67 and a 200-day moving average price of $52.22. The stock has a market cap of $8.83 billion, a PE ratio of 25.59 and a beta of 1.33.
SEI Investments (NASDAQ:SEIC) last issued its quarterly earnings results on Wednesday, July 26th. The asset manager reported $0.57 EPS for the quarter, beating the consensus estimate of $0.55 by $0.02. The company had revenue of $372.30 million for the quarter, compared to the consensus estimate of $369.88 million. SEI Investments had a net margin of 24.44% and a return on equity of 26.60%. The firm’s revenue was up 8.3% compared to the same quarter last year. During the same period in the prior year, the firm posted $0.49 EPS. On average, equities research analysts anticipate that SEI Investments Company will post $2.28 earnings per share for the current year.
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A number of research analysts recently commented on SEIC shares. Raymond James Financial, Inc. reissued a “market perform” rating on shares of SEI Investments in a research note on Thursday, April 20th. Zacks Investment Research cut SEI Investments from a “buy” rating to a “hold” rating in a research note on Friday, April 21st. BidaskClub cut SEI Investments from a “strong-buy” rating to a “buy” rating in a research note on Thursday, June 22nd. Keefe, Bruyette & Woods reissued a “hold” rating and issued a $54.00 target price on shares of SEI Investments in a research note on Friday, June 23rd. Finally, Mizuho started coverage on SEI Investments in a research note on Tuesday, June 27th. They issued a “buy” rating and a $60.00 target price on the stock. Two research analysts have rated the stock with a hold rating and four have issued a buy rating to the company’s stock. The stock currently has an average rating of “Buy” and a consensus price target of $59.75.
In other SEI Investments news, Director William Doran sold 5,000 shares of the company’s stock in a transaction dated Monday, June 12th. The shares were sold at an average price of $52.40, for a total value of $262,000.00. Following the transaction, the director now directly owns 681,015 shares in the company, valued at approximately $35,685,186. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, major shareholder Alfred P. West, Jr. sold 84,116 shares of the company’s stock in a transaction dated Friday, June 9th. The stock was sold at an average price of $51.92, for a total transaction of $4,367,302.72. Following the completion of the transaction, the insider now owns 10,952,166 shares in the company, valued at $568,636,458.72. The disclosure for this sale can be found here. Insiders have sold a total of 382,500 shares of company stock worth $20,982,527 over the last quarter. 17.10% of the stock is currently owned by insiders.
SEI Investments Company Profile
SEI Investments Company provides investment processing, investment management and investment operations solutions. The Company provides its solutions to financial institutions, financial advisors, institutional investors, investment managers and ultra-high-net-worth families in the United States, Canada, the United Kingdom, continental Europe and various other locations around the world.
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