SEI Investments Co. (SEIC) Director Carmen Romeo Sells 4,000 Shares of Stock
SEI Investments Co. (NASDAQ:SEIC) Director Carmen Romeo sold 4,000 shares of the business’s stock in a transaction on Tuesday, November 15th. The shares were sold at an average price of $47.30, for a total transaction of $189,200.00. Following the sale, the director now directly owns 1,555,418 shares in the company, valued at approximately $73,571,271.40. The sale was disclosed in a legal filing with the SEC, which is available through the SEC website.
SEI Investments Co. (NASDAQ:SEIC) traded up 0.607% during mid-day trading on Thursday, reaching $47.275. 211,217 shares of the company’s stock traded hands. The firm has a market cap of $7563.95 billion, a price-to-earnings ratio of 23.876 and a beta of 1.43. SEI Investments Co. has a one year low of $32.01 and a one year high of $55.11. The firm’s 50-day moving average price is $44.95 and its 200 day moving average price is $47.12.
SEI Investments (NASDAQ:SEIC) last released its quarterly earnings results on Thursday, October 20th. The company reported $0.53 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.49 by $0.04. SEI Investments had a net margin of 23.87% and a return on equity of 25.02%. The business had revenue of $354.60 million for the quarter, compared to the consensus estimate of $353.82 million. During the same period last year, the firm earned $0.47 earnings per share. The company’s quarterly revenue was up 5.7% on a year-over-year basis. On average, equities analysts forecast that SEI Investments Co. will post $1.98 EPS for the current year.
SEIC has been the topic of a number of analyst reports. Zacks Investment Research cut shares of SEI Investments from a “hold” rating to a “sell” rating in a report on Wednesday, October 5th. Oppenheimer Holdings Inc. reduced their price target on shares of SEI Investments from $56.00 to $53.00 and set an “outperform” rating for the company in a research report on Thursday, July 28th. Finally, Keefe, Bruyette & Woods reduced their price target on shares of SEI Investments from $51.00 to $47.00 and set a “market perform” rating for the company in a research report on Thursday, July 28th.
A number of hedge funds and other institutional investors have recently added to or reduced their stakes in SEIC. Loomis Sayles & Co. L P increased its position in SEI Investments by 7.1% in the second quarter. Loomis Sayles & Co. L P now owns 12,835,153 shares of the company’s stock valued at $617,499,000 after buying an additional 847,646 shares during the last quarter. American Capital Management Inc. acquired a new position in SEI Investments during the third quarter valued at $32,666,000. Dividend Assets Capital LLC acquired a new position in SEI Investments during the second quarter valued at $31,140,000. Boston Partners increased its position in SEI Investments by 11.9% in the second quarter. Boston Partners now owns 3,643,307 shares of the company’s stock valued at $175,280,000 after buying an additional 388,821 shares during the last quarter. Finally, Hermes Investment Management Ltd. purchased a new stake in shares of SEI Investments during the third quarter valued at approximately $16,088,000. Institutional investors and hedge funds own 71.04% of the company’s stock.
About SEI Investments
SEI Investments Company (SEI) is a provider of investment processing, investment management and investment operations solutions. The Company enables corporations, financial institutions, financial advisors and ultra-high-net-worth families to create and manage wealth by providing investment and investment-business solutions.
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