ING Groep NV bought a new position in shares of SEI Investments Company (NASDAQ:SEIC) during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund bought 16,218 shares of the asset manager’s stock, valued at approximately $872,000.
Other large investors have also bought and sold shares of the company. Pacer Advisors Inc. boosted its position in SEI Investments by 3.2% in the first quarter. Pacer Advisors Inc. now owns 2,472 shares of the asset manager’s stock valued at $125,000 after buying an additional 77 shares during the last quarter. Suntrust Banks Inc. boosted its position in SEI Investments by 1.1% in the first quarter. Suntrust Banks Inc. now owns 8,061 shares of the asset manager’s stock valued at $405,000 after buying an additional 88 shares during the last quarter. Utah Retirement Systems boosted its position in SEI Investments by 0.4% in the first quarter. Utah Retirement Systems now owns 23,388 shares of the asset manager’s stock valued at $1,179,000 after buying an additional 100 shares during the last quarter. Mosaic Family Wealth LLC boosted its position in SEI Investments by 3.6% in the first quarter. Mosaic Family Wealth LLC now owns 2,976 shares of the asset manager’s stock valued at $150,000 after buying an additional 103 shares during the last quarter. Finally, Gateway Investment Advisers LLC boosted its position in SEI Investments by 2.6% in the second quarter. Gateway Investment Advisers LLC now owns 4,559 shares of the asset manager’s stock valued at $245,000 after buying an additional 114 shares during the last quarter. Institutional investors own 70.07% of the company’s stock.
SEI Investments Company (NASDAQ:SEIC) traded up 0.45% during mid-day trading on Friday, reaching $55.71. The company’s stock had a trading volume of 334,407 shares. SEI Investments Company has a 12 month low of $42.90 and a 12 month high of $57.50. The stock’s 50-day moving average is $55.24 and its 200-day moving average is $51.99. The firm has a market capitalization of $8.81 billion, a PE ratio of 25.54 and a beta of 1.33.
SEI Investments (NASDAQ:SEIC) last issued its earnings results on Wednesday, July 26th. The asset manager reported $0.57 EPS for the quarter, beating the Zacks’ consensus estimate of $0.55 by $0.02. SEI Investments had a return on equity of 26.60% and a net margin of 24.44%. The company had revenue of $372.30 million during the quarter, compared to the consensus estimate of $369.88 million. During the same period in the previous year, the firm posted $0.49 earnings per share. SEI Investments’s quarterly revenue was up 8.3% compared to the same quarter last year. On average, equities analysts anticipate that SEI Investments Company will post $2.28 EPS for the current year.
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SEIC has been the subject of several analyst reports. Keefe, Bruyette & Woods reaffirmed a “hold” rating and set a $54.00 price objective on shares of SEI Investments in a research report on Friday, June 23rd. Raymond James Financial, Inc. reaffirmed a “market perform” rating on shares of SEI Investments in a research report on Thursday, April 20th. Mizuho initiated coverage on SEI Investments in a research report on Tuesday, June 27th. They set a “buy” rating and a $60.00 price objective for the company. Zacks Investment Research cut SEI Investments from a “buy” rating to a “hold” rating in a research report on Friday, April 21st. Finally, BidaskClub cut SEI Investments from a “strong-buy” rating to a “buy” rating in a research report on Thursday, June 22nd. Two investment analysts have rated the stock with a hold rating and four have assigned a buy rating to the company. The company presently has a consensus rating of “Buy” and an average price target of $59.75.
In other news, major shareholder Alfred P. West, Jr. sold 84,116 shares of the business’s stock in a transaction that occurred on 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 directly owns 10,952,166 shares in the company, valued at $568,636,458.72. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Also, major shareholder Alfred P. West, Jr. sold 100,000 shares of the business’s stock in a transaction that occurred on Wednesday, August 2nd. The stock was sold at an average price of $56.40, for a total value of $5,640,000.00. Following the transaction, the insider now owns 10,836,282 shares of the company’s stock, valued at $611,166,304.80. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 382,500 shares of company stock valued at $20,982,527. 17.10% of the stock is currently owned by insiders.
About SEI Investments
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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