Taylor Hoffman Wealth Management raised its holdings in shares of SEI Investments (NASDAQ:SEIC) by 25.0% in the 3rd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 3,857 shares of the asset manager’s stock after buying an additional 771 shares during the period. Taylor Hoffman Wealth Management’s holdings in SEI Investments were worth $229,000 at the end of the most recent reporting period.
A number of other hedge funds and other institutional investors have also bought and sold shares of SEIC. Citadel Advisors LLC boosted its position in SEI Investments by 249.1% during the second quarter. Citadel Advisors LLC now owns 1,928,938 shares of the asset manager’s stock valued at $108,214,000 after buying an additional 1,376,469 shares during the period. Nuveen Asset Management LLC boosted its holdings in shares of SEI Investments by 3,795.8% during the second quarter. Nuveen Asset Management LLC now owns 514,786 shares of the asset manager’s stock worth $28,879,000 after purchasing an additional 501,572 shares during the period. Bank of America Corp DE boosted its holdings in shares of SEI Investments by 4.1% during the second quarter. Bank of America Corp DE now owns 4,364,268 shares of the asset manager’s stock worth $244,834,000 after purchasing an additional 172,443 shares during the period. BlackRock Inc. boosted its holdings in shares of SEI Investments by 1.2% during the second quarter. BlackRock Inc. now owns 13,950,907 shares of the asset manager’s stock worth $782,645,000 after purchasing an additional 165,595 shares during the period. Finally, Renaissance Technologies LLC boosted its holdings in shares of SEI Investments by 15.4% during the second quarter. Renaissance Technologies LLC now owns 1,120,226 shares of the asset manager’s stock worth $62,845,000 after purchasing an additional 149,900 shares during the period. Institutional investors and hedge funds own 69.79% of the company’s stock.
A number of analysts have recently weighed in on SEIC shares. BidaskClub upgraded shares of SEI Investments from a “hold” rating to a “buy” rating in a report on Thursday, October 31st. ValuEngine lowered shares of SEI Investments from a “hold” rating to a “sell” rating in a report on Thursday, October 10th. One research analyst has rated the stock with a sell rating, four have assigned a hold rating and two have issued a buy rating to the company. The company has a consensus rating of “Hold” and an average price target of $61.50.
Shares of SEI Investments stock traded down $0.09 during trading on Friday, reaching $62.44. 254,700 shares of the stock were exchanged, compared to its average volume of 609,696. The firm has a market cap of $9.41 billion, a price-to-earnings ratio of 19.89, a price-to-earnings-growth ratio of 1.61 and a beta of 1.30. The company has a quick ratio of 5.59, a current ratio of 5.74 and a debt-to-equity ratio of 0.02. The stock’s fifty day moving average is $59.36 and its 200 day moving average is $56.56. SEI Investments has a 1 year low of $42.27 and a 1 year high of $63.22.
SEI Investments (NASDAQ:SEIC) last announced its quarterly earnings results on Wednesday, October 23rd. The asset manager reported $0.86 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.83 by $0.03. The company had revenue of $416.30 million during the quarter, compared to the consensus estimate of $415.52 million. SEI Investments had a net margin of 29.95% and a return on equity of 29.77%. The firm’s quarterly revenue was up 1.9% compared to the same quarter last year. During the same quarter last year, the firm earned $0.80 earnings per share. Equities analysts forecast that SEI Investments will post 3.24 earnings per share for the current year.
In related news, Director William Doran sold 5,000 shares of the firm’s stock in a transaction that occurred on Friday, September 13th. The shares were sold at an average price of $61.00, for a total transaction of $305,000.00. Following the completion of the sale, the director now owns 671,915 shares of the company’s stock, valued at $40,986,815. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, EVP Dennis Mcgonigle sold 30,000 shares of the firm’s stock in a transaction that occurred on Tuesday, November 5th. The shares were sold at an average price of $62.62, for a total transaction of $1,878,600.00. Following the sale, the executive vice president now directly owns 607,034 shares of the company’s stock, valued at approximately $38,012,469.08. The disclosure for this sale can be found here. Insiders have sold 44,500 shares of company stock valued at $2,767,755 in the last three months. 22.60% of the stock is owned by insiders.
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.
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