Brown Advisory Inc. cut its holdings in SEI Investments (NASDAQ:SEIC) by 1.8% in the 3rd quarter, according to its most recent 13F filing with the SEC. The firm owned 55,500 shares of the asset manager’s stock after selling 1,033 shares during the period. Brown Advisory Inc.’s holdings in SEI Investments were worth $3,390,000 as of its most recent filing with the SEC.

Several other hedge funds and other institutional investors have also bought and sold shares of SEIC. Janney Montgomery Scott LLC boosted its holdings in shares of SEI Investments by 10.1% in the 2nd quarter. Janney Montgomery Scott LLC now owns 11,527 shares of the asset manager’s stock valued at $721,000 after buying an additional 1,059 shares during the period. Dupont Capital Management Corp boosted its holdings in shares of SEI Investments by 12.6% in the 2nd quarter. Dupont Capital Management Corp now owns 15,022 shares of the asset manager’s stock valued at $939,000 after buying an additional 1,677 shares during the period. Aperio Group LLC boosted its holdings in shares of SEI Investments by 2.7% in the 2nd quarter. Aperio Group LLC now owns 36,085 shares of the asset manager’s stock valued at $2,256,000 after buying an additional 949 shares during the period. Raymond James Financial Services Advisors Inc. boosted its holdings in shares of SEI Investments by 8.2% in the 2nd quarter. Raymond James Financial Services Advisors Inc. now owns 17,615 shares of the asset manager’s stock valued at $1,101,000 after buying an additional 1,333 shares during the period. Finally, TD Asset Management Inc. boosted its holdings in shares of SEI Investments by 82.8% in the 2nd quarter. TD Asset Management Inc. now owns 7,508 shares of the asset manager’s stock valued at $470,000 after buying an additional 3,400 shares during the period. 69.31% of the stock is owned by institutional investors and hedge funds.

In other SEI Investments news, insider Dennis Mcgonigle sold 15,000 shares of the business’s stock in a transaction dated Wednesday, September 12th. The shares were sold at an average price of $62.83, for a total transaction of $942,450.00. Following the sale, the insider now directly owns 27,540 shares in the company, valued at approximately $1,730,338.20. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Also, major shareholder Alfred P. West, Jr. sold 212,995 shares of the business’s stock in a transaction dated Wednesday, November 28th. The stock was sold at an average price of $53.41, for a total transaction of $11,376,062.95. Following the sale, the insider now owns 10,144,708 shares in the company, valued at $541,828,854.28. The disclosure for this sale can be found here. Insiders have sold a total of 521,226 shares of company stock worth $27,829,995 over the last 90 days. 16.50% of the stock is owned by insiders.

Several research analysts have recently commented on SEIC shares. BidaskClub raised shares of SEI Investments from a “strong sell” rating to a “sell” rating in a report on Thursday, August 23rd. Zacks Investment Research raised shares of SEI Investments from a “hold” rating to a “buy” rating and set a $69.00 target price for the company in a research note on Thursday, August 23rd. ValuEngine lowered shares of SEI Investments from a “hold” rating to a “sell” rating in a research note on Monday, October 8th. Keefe, Bruyette & Woods raised shares of SEI Investments from a “market perform” rating to an “outperform” rating and reduced their target price for the company from $68.00 to $63.00 in a research note on Wednesday, October 24th. Finally, Rosenblatt Securities started coverage on shares of SEI Investments in a research note on Wednesday. They set a “neutral” rating and a $59.00 target price for the company. Two investment analysts have rated the stock with a sell rating, three have given a hold rating and four have given a buy rating to the stock. SEI Investments has a consensus rating of “Hold” and a consensus price target of $72.83.

SEI Investments stock opened at $51.32 on Friday. The stock has a market cap of $7.98 billion, a price-to-earnings ratio of 22.12, a PEG ratio of 1.34 and a beta of 1.21. SEI Investments has a 52-week low of $49.57 and a 52-week high of $78.35.

SEI Investments (NASDAQ:SEIC) last posted its earnings results on Tuesday, October 23rd. The asset manager reported $0.80 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.76 by $0.04. The firm had revenue of $408.68 million during the quarter, compared to analyst estimates of $410.35 million. SEI Investments had a net margin of 31.46% and a return on equity of 30.73%. SEI Investments’s revenue was up 5.9% on a year-over-year basis. During the same period in the previous year, the business posted $0.63 EPS. Equities research analysts predict that SEI Investments will post 3.19 earnings per share for the current fiscal year.

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SEI Investments Company 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.

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

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