SEI Investments Company (SEIC) Holdings Raised by ProShare Advisors LLC
ProShare Advisors LLC raised its holdings in SEI Investments Company (NASDAQ:SEIC) by 2.0% in the second quarter, according to the company in its most recent disclosure with the SEC. The firm owned 212,006 shares of the asset manager’s stock after acquiring an additional 4,162 shares during the quarter. ProShare Advisors LLC owned 0.13% of SEI Investments worth $11,402,000 as of its most recent filing with the SEC.
Other institutional investors have also added to or reduced their stakes in the company. JPMorgan Chase & Co. lifted its holdings in SEI Investments by 32.2% in the first quarter. JPMorgan Chase & Co. now owns 320,687 shares of the asset manager’s stock valued at $16,176,000 after acquiring an additional 78,158 shares during the period. Confluence Investment Management LLC lifted its holdings in SEI Investments by 4.2% in the second quarter. Confluence Investment Management LLC now owns 268,543 shares of the asset manager’s stock valued at $14,442,000 after acquiring an additional 10,744 shares during the period. UBS Asset Management Americas Inc. lifted its holdings in SEI Investments by 2.5% in the first quarter. UBS Asset Management Americas Inc. now owns 702,422 shares of the asset manager’s stock valued at $35,430,000 after acquiring an additional 17,422 shares during the period. Suntrust Banks Inc. lifted its holdings 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 acquiring an additional 88 shares during the period. Finally, Wedbush Securities Inc. acquired a new stake in SEI Investments in the second quarter valued at $208,000. 68.66% of the stock is owned by institutional investors.
In other news, insider Dennis Mcgonigle sold 15,000 shares of the company’s stock in a transaction on Tuesday, August 8th. The stock was sold at an average price of $56.35, for a total value of $845,250.00. Following the completion of the sale, the insider now owns 612,034 shares in the company, valued at $34,488,115.90. The sale was disclosed in a legal filing with the SEC, which is available at this link. Also, Director William Doran sold 10,000 shares of the company’s stock in a transaction on Wednesday, August 30th. The shares were sold at an average price of $57.49, for a total value of $574,900.00. Following the completion of the sale, the director now owns 671,015 shares of the company’s stock, valued at approximately $38,576,652.35. The disclosure for this sale can be found here. In the last 90 days, insiders sold 280,000 shares of company stock valued at $15,693,150. Insiders own 16.50% of the company’s stock.
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SEI Investments Company (NASDAQ:SEIC) traded up 0.65% on Friday, hitting $57.58. The stock had a trading volume of 807,379 shares. SEI Investments Company has a one year low of $43.54 and a one year high of $58.62. The company has a market cap of $9.10 billion, a PE ratio of 26.40 and a beta of 1.33. The stock has a 50-day moving average of $56.64 and a 200-day moving average of $53.22.
SEI Investments (NASDAQ:SEIC) last announced its quarterly earnings data on Wednesday, July 26th. The asset manager reported $0.57 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.55 by $0.02. The business had revenue of $372.30 million during the quarter, compared to analyst estimates of $369.88 million. SEI Investments had a return on equity of 26.60% and a net margin of 24.44%. The company’s revenue was up 8.3% on a year-over-year basis. During the same quarter in the prior year, the firm posted $0.49 earnings per share. Equities analysts expect that SEI Investments Company will post $2.28 earnings per share for the current fiscal year.
SEIC has been the subject of a number of recent analyst reports. BidaskClub downgraded SEI Investments from a “strong-buy” rating to a “buy” rating in a report 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 report on Friday, June 23rd. Mizuho initiated coverage on SEI Investments in a report on Tuesday, June 27th. They issued a “buy” rating and a $60.00 target price for the company. Oppenheimer Holdings, Inc. raised their target price on SEI Investments from $55.00 to $60.00 and gave the company an “outperform” rating in a report on Tuesday, July 11th. Finally, Zacks Investment Research raised SEI Investments from a “hold” rating to a “buy” rating and set a $61.00 target price for the company in a report on Wednesday, July 12th. Three analysts have rated the stock with a hold rating and three have assigned a buy rating to the company’s stock. SEI Investments has a consensus rating of “Buy” and a consensus target price of $59.75.
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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