Taylor Hoffman Wealth Management lifted its holdings in shares of SEI Investments (NASDAQ:SEIC) by 25.0% during the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund 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.
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Several other institutional investors have also added to or reduced their stakes in the stock. FMR LLC boosted its position in SEI Investments by 19.9% in the first quarter. FMR LLC now owns 211,097 shares of the asset manager’s stock worth $11,030,000 after purchasing an additional 35,067 shares during the last quarter. First Trust Advisors LP purchased a new position in SEI Investments in the first quarter worth about $1,155,000. Xact Kapitalforvaltning AB boosted its position in SEI Investments by 24.4% in the second quarter. Xact Kapitalforvaltning AB now owns 17,737 shares of the asset manager’s stock worth $995,000 after purchasing an additional 3,477 shares during the last quarter. Raymond James Trust N.A. boosted its position in SEI Investments by 4.3% in the second quarter. Raymond James Trust N.A. now owns 5,967 shares of the asset manager’s stock worth $335,000 after purchasing an additional 246 shares during the last quarter. Finally, RDL Financial Inc. boosted its position in SEI Investments by 3.7% in the second quarter. RDL Financial Inc. now owns 22,332 shares of the asset manager’s stock worth $1,253,000 after purchasing an additional 794 shares during the last quarter. 69.80% of the stock is currently owned by institutional investors.
In other news, Director William Doran sold 5,000 shares of the business’s stock in a transaction on Friday, September 13th. The stock was sold at an average price of $61.00, for a total value of $305,000.00. Following the completion of the transaction, the director now directly owns 671,915 shares of the company’s stock, valued at approximately $40,986,815. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. Also, EVP Dennis Mcgonigle sold 30,000 shares of the company’s stock in a transaction dated Tuesday, November 5th. The shares were sold at an average price of $62.62, for a total value of $1,878,600.00. Following the transaction, the executive vice president now directly owns 607,034 shares in the company, valued at $38,012,469.08. The disclosure for this sale can be found here. Over the last three months, insiders sold 44,500 shares of company stock valued at $2,767,755. Corporate insiders own 22.60% of the company’s stock.
SEIC traded down $0.03 on Friday, hitting $62.77. 424,200 shares of the company’s stock traded hands, compared to its average volume of 552,693. SEI Investments has a one year low of $42.27 and a one year high of $63.22. The firm has a market cap of $9.44 billion, a price-to-earnings ratio of 19.99, a P/E/G ratio of 1.62 and a beta of 1.30. The company’s 50 day simple moving average is $59.75 and its 200-day simple moving average is $56.76. The company has a current ratio of 5.74, a quick ratio of 5.59 and a debt-to-equity ratio of 0.02.
SEI Investments (NASDAQ:SEIC) last issued its earnings results on Wednesday, October 23rd. The asset manager reported $0.86 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.83 by $0.03. SEI Investments had a return on equity of 29.77% and a net margin of 29.95%. The business had revenue of $416.30 million during the quarter, compared to analysts’ expectations of $415.52 million. During the same period in the prior year, the business earned $0.80 EPS. The business’s revenue for the quarter was up 1.9% compared to the same quarter last year. As a group, equities analysts anticipate that SEI Investments will post 3.24 EPS for the current fiscal year.
SEIC has been the topic of a number of analyst reports. BidaskClub raised SEI Investments from a “hold” rating to a “buy” rating in a research report on Thursday, October 31st. Oppenheimer lifted their price objective on SEI Investments from $66.00 to $70.00 in a research report on Thursday. Finally, ValuEngine downgraded SEI Investments from a “hold” rating to a “sell” rating in a research note on Thursday, October 10th. One investment 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’s stock. The company presently has an average rating of “Hold” and a consensus target price of $64.00.
SEI Investments Company Profile
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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