AMP Capital Investors Ltd Has $8.49 Million Holdings in SEI Investments Company (SEIC)

AMP Capital Investors Ltd grew its position in shares of SEI Investments Company (NASDAQ:SEIC) by 24.5% in the third quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 139,106 shares of the asset manager’s stock after buying an additional 27,406 shares during the quarter. AMP Capital Investors Ltd owned 0.09% of SEI Investments worth $8,493,000 as of its most recent filing with the SEC.

A number of other institutional investors have also recently made changes to their positions in SEIC. Nomura Asset Management Co. Ltd. increased its holdings in shares of SEI Investments by 15.7% in the 3rd quarter. Nomura Asset Management Co. Ltd. now owns 16,910 shares of the asset manager’s stock valued at $1,033,000 after purchasing an additional 2,300 shares in the last quarter. King Luther Capital Management Corp increased its holdings in shares of SEI Investments by 39.6% in the 3rd quarter. King Luther Capital Management Corp now owns 402,697 shares of the asset manager’s stock valued at $24,589,000 after purchasing an additional 114,200 shares in the last quarter. Invictus RG purchased a new position in shares of SEI Investments in the 3rd quarter valued at about $111,000. BB&T Investment Services Inc. increased its holdings in shares of SEI Investments by 48.2% in the 3rd quarter. BB&T Investment Services Inc. now owns 13,017 shares of the asset manager’s stock valued at $788,000 after purchasing an additional 4,232 shares in the last quarter. Finally, Dimensional Fund Advisors LP increased its holdings in shares of SEI Investments by 1.4% in the 3rd quarter. Dimensional Fund Advisors LP now owns 500,551 shares of the asset manager’s stock valued at $30,565,000 after purchasing an additional 6,753 shares in the last quarter. Institutional investors own 70.55% of the company’s stock.

SEIC has been the subject of a number of research analyst reports. Zacks Investment Research upgraded shares of SEI Investments from a “hold” rating to a “buy” rating and set a $72.00 price target for the company in a report on Monday, October 30th. Keefe, Bruyette & Woods reiterated a “hold” rating and issued a $58.00 price target on shares of SEI Investments in a report on Sunday, September 3rd. Mizuho reiterated a “buy” rating and issued a $65.00 price target on shares of SEI Investments in a report on Friday, October 20th. Finally, Oppenheimer increased their price target on shares of SEI Investments from $60.00 to $67.00 and gave the company an “outperform” rating in a report on Thursday, September 28th. Two research analysts have rated the stock with a hold rating and four have issued a buy rating to the company. The company currently has a consensus rating of “Buy” and an average target price of $67.25.

In related news, insider Wayne Withrow sold 10,000 shares of the stock in a transaction dated Tuesday, December 5th. The shares were sold at an average price of $70.35, for a total value of $703,500.00. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, Director Sarah Blumenstein sold 5,000 shares of the stock in a transaction dated Wednesday, November 15th. The shares were sold at an average price of $65.33, for a total transaction of $326,650.00. The disclosure for this sale can be found here. Over the last three months, insiders sold 206,250 shares of company stock worth $13,246,650. 16.50% of the stock is owned by corporate insiders.

Shares of SEI Investments Company (NASDAQ SEIC) opened at $71.12 on Wednesday. The company has a market cap of $11,215.24, a PE ratio of 30.97, a P/E/G ratio of 2.53 and a beta of 1.40. SEI Investments Company has a 12 month low of $47.88 and a 12 month high of $71.77. The company has a quick ratio of 5.41, a current ratio of 5.52 and a debt-to-equity ratio of 0.03.

SEI Investments (NASDAQ:SEIC) last issued its quarterly earnings data on Wednesday, October 25th. The asset manager reported $0.63 EPS for the quarter, beating the Zacks’ consensus estimate of $0.57 by $0.06. The firm had revenue of $368.02 million for the quarter, compared to analysts’ expectations of $384.43 million. SEI Investments had a net margin of 24.94% and a return on equity of 27.12%. The firm’s revenue was up 3.8% on a year-over-year basis. During the same period in the prior year, the company earned $0.53 EPS. equities analysts anticipate that SEI Investments Company will post 2.35 earnings per share for the current year.

SEI Investments announced that its Board of Directors has approved a share buyback plan on Wednesday, October 25th that allows the company to repurchase $200.00 million in outstanding shares. This repurchase authorization allows the asset manager to repurchase shares of its stock through open market purchases. Shares repurchase plans are often an indication that the company’s management believes its shares are undervalued.

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

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