US Bancorp DE Buys 21,008 Shares of SEI Investments Company (NASDAQ:SEIC)
US Bancorp DE increased its position in SEI Investments Company (NASDAQ:SEIC) by 1,649.0% during the second quarter, according to its most recent disclosure with the SEC. The firm owned 22,282 shares of the asset manager’s stock after buying an additional 21,008 shares during the period. US Bancorp DE’s holdings in SEI Investments were worth $1,198,000 as of its most recent filing with the SEC.
Other hedge funds also recently bought and sold shares of the company. Loomis Sayles & Co. L P boosted its stake in SEI Investments by 1.2% in the first quarter. Loomis Sayles & Co. L P now owns 14,210,594 shares of the asset manager’s stock worth $716,782,000 after buying an additional 163,767 shares during the last quarter. Vanguard Group Inc. boosted its stake in SEI Investments by 4.8% in the first quarter. Vanguard Group Inc. now owns 12,903,413 shares of the asset manager’s stock worth $650,849,000 after buying an additional 595,691 shares during the last quarter. BlackRock Inc. boosted its stake in SEI Investments by 3,644.6% in the first quarter. BlackRock Inc. now owns 12,750,729 shares of the asset manager’s stock worth $643,148,000 after buying an additional 12,410,221 shares during the last quarter. Boston Partners boosted its stake in SEI Investments by 12.8% in the first quarter. Boston Partners now owns 2,990,529 shares of the asset manager’s stock worth $150,843,000 after buying an additional 339,121 shares during the last quarter. Finally, Parnassus Investments CA boosted its stake in SEI Investments by 16.6% in the first quarter. Parnassus Investments CA now owns 1,300,000 shares of the asset manager’s stock worth $65,572,000 after buying an additional 185,000 shares during the last quarter. 70.07% of the stock is owned by institutional investors.
Shares of SEI Investments Company (NASDAQ SEIC) traded up 0.30% during trading on Tuesday, hitting $56.57. The stock had a trading volume of 75,824 shares. SEI Investments Company has a one year low of $42.90 and a one year high of $57.50. The firm’s 50-day moving average is $54.72 and its 200-day moving average is $51.69. The firm has a market cap of $8.94 billion, a P/E ratio of 25.94 and a beta of 1.33.
SEI Investments (NASDAQ:SEIC) last issued its quarterly earnings data on Wednesday, July 26th. The asset manager reported $0.57 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.55 by $0.02. The business had revenue of $372.30 million during the quarter, compared to the consensus estimate of $369.88 million. SEI Investments had a return on equity of 26.60% and a net margin of 24.44%. The business’s revenue was up 8.3% on a year-over-year basis. During the same period in the previous year, the firm posted $0.49 earnings per share. Equities research analysts forecast that SEI Investments Company will post $2.28 EPS for the current year.
SEIC has been the subject of a number of recent research reports. BidaskClub cut SEI Investments from a “strong-buy” rating to a “buy” rating in a research report on Monday, July 31st. Keefe, Bruyette & Woods reaffirmed a “hold” rating and set a $58.00 price objective on shares of SEI Investments in a research report on Thursday, July 27th. Zacks Investment Research cut SEI Investments from a “buy” rating to a “hold” rating in a research report on Friday, April 21st. Oppenheimer Holdings, Inc. increased their price objective on SEI Investments from $55.00 to $60.00 and gave the stock an “outperform” rating in a research report on Tuesday, July 11th. Finally, Raymond James Financial, Inc. reaffirmed a “market perform” rating on shares of SEI Investments in a research report on Thursday, April 20th. Two research analysts have rated the stock with a hold rating and four have given a buy rating to the company’s stock. The stock presently has an average rating of “Buy” and a consensus price target of $59.75.
In other news, major shareholder Alfred P. West, Jr. sold 84,116 shares of the business’s stock in a transaction that occurred on Friday, June 9th. The stock was sold at an average price of $51.92, for a total transaction of $4,367,302.72. Following the completion of the transaction, the insider now directly owns 10,952,166 shares in the company, valued at $568,636,458.72. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Also, Director Carmen Romeo sold 5,000 shares of the business’s stock in a transaction that occurred on Thursday, May 11th. The stock was sold at an average price of $51.60, for a total value of $258,000.00. Following the transaction, the director now owns 1,600,952 shares of the company’s stock, valued at $82,609,123.20. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 272,500 shares of company stock valued at $14,795,277. Insiders own 17.10% of the company’s stock.
SEI Investments Company Profile
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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