Leith Wheeler Investment Counsel Ltd. Cuts Stock Holdings in SEI Investments (NASDAQ:SEIC)

Leith Wheeler Investment Counsel Ltd. lessened its holdings in shares of SEI Investments (NASDAQ:SEIC – Get Rating) by 0.2% in the fourth quarter, according to its most recent filing with the SEC. The firm owned 188,915 shares of the asset manager’s stock after selling 400 shares during the quarter. SEI Investments comprises approximately 1.7% of Leith Wheeler Investment Counsel Ltd.’s holdings, making the stock its 10th largest position. Leith Wheeler Investment Counsel Ltd. owned approximately 0.14% of SEI Investments worth $11,014,000 as of its most recent SEC filing.

A number of other institutional investors also recently added to or reduced their stakes in the business. BlackRock Inc. boosted its position in SEI Investments by 2.3% during the 1st quarter. BlackRock Inc. now owns 11,645,954 shares of the asset manager’s stock worth $701,203,000 after acquiring an additional 260,417 shares during the period. State Street Corp boosted its position in SEI Investments by 0.8% during the 3rd quarter. State Street Corp now owns 6,293,623 shares of the asset manager’s stock worth $308,702,000 after acquiring an additional 52,265 shares during the period. Royce & Associates LP boosted its position in SEI Investments by 0.4% during the 3rd quarter. Royce & Associates LP now owns 1,454,070 shares of the asset manager’s stock worth $71,322,000 after acquiring an additional 6,105 shares during the period. First Trust Advisors LP boosted its position in SEI Investments by 3.0% during the 1st quarter. First Trust Advisors LP now owns 1,418,169 shares of the asset manager’s stock worth $85,388,000 after acquiring an additional 41,915 shares during the period. Finally, Bank of New York Mellon Corp boosted its position in SEI Investments by 7.1% during the 3rd quarter. Bank of New York Mellon Corp now owns 1,348,443 shares of the asset manager’s stock worth $66,141,000 after acquiring an additional 89,432 shares during the period. Institutional investors and hedge funds own 69.45% of the company’s stock.

Wall Street Analyst Weigh In

A number of research analysts have issued reports on the company. StockNews.com started coverage on SEI Investments in a research report on Thursday. They set a “hold” rating for the company. Morgan Stanley boosted their price objective on SEI Investments from $53.00 to $54.00 and gave the stock an “underweight” rating in a research note on Wednesday, February 1st. Oppenheimer boosted their price objective on SEI Investments from $65.00 to $68.00 and gave the stock an “outperform” rating in a research note on Thursday, January 26th. Finally, The Goldman Sachs Group boosted their price objective on SEI Investments from $56.00 to $63.00 and gave the stock a “neutral” rating in a research note on Wednesday, November 23rd. One analyst has rated the stock with a sell rating, two have issued a hold rating and two have assigned a buy rating to the company’s stock. According to MarketBeat.com, the stock has an average rating of “Hold” and a consensus price target of $60.20.

Insider Transactions at SEI Investments

In other news, Director Kathryn Mccarthy sold 10,000 shares of the business’s stock in a transaction on Wednesday, December 21st. The stock was sold at an average price of $59.25, for a total transaction of $592,500.00. Following the sale, the director now directly owns 71,700 shares of the company’s stock, valued at $4,248,225. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. In related news, Director Kathryn Mccarthy sold 10,000 shares of the company’s stock in a transaction on Wednesday, December 21st. The stock was sold at an average price of $59.25, for a total transaction of $592,500.00. Following the transaction, the director now directly owns 71,700 shares of the company’s stock, valued at $4,248,225. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Also, Director Sarah Blumenstein sold 24,454 shares of the business’s stock in a transaction dated Friday, February 17th. The shares were sold at an average price of $61.25, for a total value of $1,497,807.50. Following the completion of the transaction, the director now owns 6,447 shares in the company, valued at approximately $394,878.75. The disclosure for this sale can be found here. Insiders have sold 127,502 shares of company stock valued at $7,969,453 over the last three months. Company insiders own 25.40% of the company’s stock.

SEI Investments Trading Down 0.8 %

Shares of SEI Investments stock traded down $0.44 on Friday, reaching $55.14. 1,093,184 shares of the company were exchanged, compared to its average volume of 425,168. The stock has a fifty day moving average price of $60.85 and a 200-day moving average price of $57.56. The firm has a market capitalization of $7.40 billion, a price-to-earnings ratio of 15.98, a price-to-earnings-growth ratio of 1.33 and a beta of 1.02. SEI Investments has a fifty-two week low of $46.30 and a fifty-two week high of $64.69.

SEI Investments (NASDAQ:SEIC – Get Rating) last announced its earnings results on Wednesday, January 25th. The asset manager reported $0.83 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.79 by $0.04. The company had revenue of $456.59 million for the quarter, compared to analyst estimates of $456.18 million. SEI Investments had a return on equity of 26.69% and a net margin of 23.88%. SEI Investments’s revenue for the quarter was down 9.0% compared to the same quarter last year. During the same period in the previous year, the firm earned $1.03 earnings per share. On average, equities analysts anticipate that SEI Investments will post 3.49 earnings per share for the current fiscal year.

About SEI Investments

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SEI Investments Co engages in the provision of investment processing, investment management and investment operations platforms. It operates through the following business segments: Private Banks, Investment Advisors, Institutional Investors, Investment Managers, and Investments in New Businesses. The Private Banks segment provides outsourced investment processing and investment management platforms to banks and trust institutions, independent wealth advisers and financial advisors worldwide.