Impact Partnership Wealth LLC Acquires 598 Shares of SEI Investments Company $SEIC

Impact Partnership Wealth LLC grew its holdings in SEI Investments Company (NASDAQ:SEIC) by 16.2% in the 2nd quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 4,280 shares of the asset manager’s stock after purchasing an additional 598 shares during the quarter. Impact Partnership Wealth LLC’s holdings in SEI Investments were worth $385,000 at the end of the most recent reporting period.

Other large investors have also modified their holdings of the company. Sumitomo Mitsui DS Asset Management Company Ltd raised its stake in shares of SEI Investments by 59.9% during the 1st quarter. Sumitomo Mitsui DS Asset Management Company Ltd now owns 12,553 shares of the asset manager’s stock worth $974,000 after acquiring an additional 4,701 shares in the last quarter. LPL Financial LLC increased its position in shares of SEI Investments by 6.0% during the first quarter. LPL Financial LLC now owns 93,455 shares of the asset manager’s stock worth $7,255,000 after purchasing an additional 5,291 shares in the last quarter. Janney Montgomery Scott LLC acquired a new position in shares of SEI Investments during the first quarter worth $206,000. FORA Capital LLC acquired a new position in shares of SEI Investments during the first quarter worth $990,000. Finally, Deutsche Bank AG increased its position in shares of SEI Investments by 41.9% during the first quarter. Deutsche Bank AG now owns 216,212 shares of the asset manager’s stock worth $16,785,000 after purchasing an additional 63,810 shares in the last quarter. Institutional investors own 70.59% of the company’s stock.

Insider Buying and Selling at SEI Investments

In other SEI Investments news, Director Kathryn Mccarthy sold 10,000 shares of the company’s stock in a transaction on Monday, September 29th. The shares were sold at an average price of $85.66, for a total value of $856,600.00. Following the sale, the director directly owned 75,641 shares of the company’s stock, valued at approximately $6,479,408.06. This represents a 11.68% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, Director Carl Guarino sold 10,000 shares of the company’s stock in a transaction on Tuesday, September 23rd. The shares were sold at an average price of $86.41, for a total transaction of $864,100.00. Following the completion of the sale, the director directly owned 16,042 shares in the company, valued at approximately $1,386,189.22. The trade was a 38.40% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Over the last three months, insiders have sold 55,000 shares of company stock valued at $4,811,200. 14.60% of the stock is owned by insiders.

SEI Investments Stock Up 0.2%

SEIC stock opened at $80.80 on Friday. The firm’s fifty day simple moving average is $85.34 and its 200-day simple moving average is $85.24. The company has a market capitalization of $9.89 billion, a P/E ratio of 14.85, a price-to-earnings-growth ratio of 1.22 and a beta of 0.96. The company has a debt-to-equity ratio of 0.04, a current ratio of 5.73 and a quick ratio of 5.62. SEI Investments Company has a 12 month low of $64.66 and a 12 month high of $93.96.

SEI Investments (NASDAQ:SEIC) last posted its quarterly earnings results on Wednesday, October 22nd. The asset manager reported $1.30 EPS for the quarter, beating the consensus estimate of $1.25 by $0.05. SEI Investments had a net margin of 31.09% and a return on equity of 30.21%. The company had revenue of $578.51 million for the quarter, compared to analyst estimates of $578.75 million. During the same period in the prior year, the company earned $1.19 earnings per share. The firm’s revenue was up 7.6% on a year-over-year basis. As a group, equities research analysts forecast that SEI Investments Company will post 4.86 earnings per share for the current year.

SEI Investments announced that its board has approved a stock repurchase plan on Friday, October 24th that allows the company to repurchase $650.00 million in outstanding shares. This repurchase authorization allows the asset manager to repurchase up to 6.4% of its shares through open market purchases. Shares repurchase plans are usually an indication that the company’s board believes its shares are undervalued.

Wall Street Analysts Forecast Growth

A number of equities analysts have recently issued reports on SEIC shares. Weiss Ratings reaffirmed a “buy (b)” rating on shares of SEI Investments in a research report on Wednesday, October 8th. Morgan Stanley upped their price target on SEI Investments from $105.00 to $115.00 and gave the stock an “overweight” rating in a research report on Friday, September 19th. Raymond James Financial upped their price target on shares of SEI Investments from $118.00 to $120.00 and gave the company an “outperform” rating in a research note on Tuesday, October 14th. Keefe, Bruyette & Woods cut their price target on shares of SEI Investments from $98.00 to $93.00 and set a “market perform” rating on the stock in a research note on Monday, October 13th. Finally, Zacks Research upgraded shares of SEI Investments from a “hold” rating to a “strong-buy” rating in a research note on Monday, October 13th. One analyst has rated the stock with a Strong Buy rating, four have issued a Buy rating and three have issued a Hold rating to the stock. Based on data from MarketBeat, the stock has an average rating of “Moderate Buy” and an average target price of $104.40.

About SEI Investments

SEI Investments Company 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.