Schroder Investment Management Group raised its stake in shares of SEI Investments (NASDAQ:SEIC) by 179.8% in the third quarter, HoldingsChannel reports. The institutional investor owned 54,943 shares of the asset manager’s stock after buying an additional 35,309 shares during the quarter. Schroder Investment Management Group’s holdings in SEI Investments were worth $3,357,000 at the end of the most recent reporting period.
Several other hedge funds and other institutional investors have also modified their holdings of the company. Rhumbline Advisers grew its holdings in shares of SEI Investments by 0.3% during the second quarter. Rhumbline Advisers now owns 298,311 shares of the asset manager’s stock worth $18,650,000 after purchasing an additional 931 shares in the last quarter. Aperio Group LLC boosted its stake in SEI Investments by 2.7% in the second quarter. Aperio Group LLC now owns 36,085 shares of the asset manager’s stock worth $2,256,000 after buying an additional 949 shares in the last quarter. MetLife Investment Advisors LLC boosted its stake in SEI Investments by 1.2% in the second quarter. MetLife Investment Advisors LLC now owns 82,465 shares of the asset manager’s stock worth $5,156,000 after buying an additional 1,000 shares in the last quarter. Metropolitan Life Insurance Co. NY boosted its stake in SEI Investments by 2.3% in the second quarter. Metropolitan Life Insurance Co. NY now owns 44,818 shares of the asset manager’s stock worth $2,802,000 after buying an additional 1,017 shares in the last quarter. Finally, Janney Montgomery Scott LLC boosted its stake in SEI Investments by 10.1% in the second quarter. Janney Montgomery Scott LLC now owns 11,527 shares of the asset manager’s stock worth $721,000 after buying an additional 1,059 shares in the last quarter. 69.31% of the stock is owned by institutional investors.
Shares of SEIC stock opened at $49.40 on Friday. SEI Investments has a fifty-two week low of $49.30 and a fifty-two week high of $78.35. The company has a market capitalization of $7.98 billion, a price-to-earnings ratio of 17.16, a P/E/G ratio of 1.34 and a beta of 1.21.
SEI Investments (NASDAQ:SEIC) last announced its quarterly earnings data on Tuesday, October 23rd. The asset manager reported $0.80 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.76 by $0.04. SEI Investments had a return on equity of 30.73% and a net margin of 31.46%. The firm had revenue of $408.68 million during the quarter, compared to the consensus estimate of $410.35 million. During the same quarter in the previous year, the company posted $0.63 earnings per share. The business’s revenue was up 5.9% on a year-over-year basis. On average, equities research analysts forecast that SEI Investments will post 3.19 EPS for the current fiscal year.
In other SEI Investments news, insider Dennis Mcgonigle sold 15,000 shares of the business’s stock in a transaction that occurred on Wednesday, September 12th. The stock was sold at an average price of $62.83, for a total value of $942,450.00. Following the completion of the sale, the insider now owns 27,540 shares in the company, valued at $1,730,338.20. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, major shareholder Alfred P. West, Jr. sold 96,767 shares of the business’s stock in a transaction that occurred on Monday, November 26th. The shares were sold at an average price of $53.28, for a total value of $5,155,745.76. Following the completion of the sale, the insider now owns 10,305,249 shares of the company’s stock, valued at approximately $549,063,666.72. The disclosure for this sale can be found here. Insiders sold 521,226 shares of company stock valued at $27,829,995 in the last quarter. Corporate insiders own 16.50% of the company’s stock.
Several analysts have issued reports on the company. Keefe, Bruyette & Woods raised SEI Investments from a “market perform” rating to an “outperform” rating and cut their target price for the stock from $68.00 to $63.00 in a research note on Wednesday, October 24th. Rosenblatt Securities assumed coverage on SEI Investments in a research note on Wednesday. They issued a “neutral” rating and a $59.00 target price for the company. Zacks Investment Research lowered SEI Investments from a “buy” rating to a “hold” rating in a research note on Friday, October 26th. BidaskClub lowered SEI Investments from a “sell” rating to a “strong sell” rating in a research note on Tuesday. Finally, ValuEngine lowered SEI Investments from a “hold” rating to a “sell” rating in a research note on Monday, October 8th. Two investment analysts have rated the stock with a sell rating, three have issued a hold rating and four have given a buy rating to the company’s stock. SEI Investments has a consensus rating of “Hold” and a consensus target price of $72.83.
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.
Recommended Story: Compound Interest and Why It Matters When Investing
Want to see what other hedge funds are holding SEIC? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for SEI Investments (NASDAQ:SEIC).
Receive News & Ratings for SEI Investments Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for SEI Investments and related companies with MarketBeat.com's FREE daily email newsletter.