HRT Financial LLC Invests $279,000 in SEI Investments (NASDAQ:SEIC)

HRT Financial LLC purchased a new stake in SEI Investments (NASDAQ:SEIC) during the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor purchased 4,471 shares of the asset manager’s stock, valued at approximately $279,000.

Several other hedge funds also recently bought and sold shares of the company. Millennium Management LLC lifted its stake in shares of SEI Investments by 111.3% in the 2nd quarter. Millennium Management LLC now owns 837,744 shares of the asset manager’s stock valued at $52,376,000 after purchasing an additional 441,285 shares during the period. Worldquant Millennium Quantitative Strategies LLC acquired a new stake in SEI Investments during the 2nd quarter worth $2,744,000. MetLife Investment Advisors LLC raised its stake in SEI Investments by 1.2% during the 2nd quarter. MetLife Investment Advisors LLC now owns 82,465 shares of the asset manager’s stock worth $5,156,000 after buying an additional 1,000 shares during the period. Metropolitan Life Insurance Co. NY raised its stake in SEI Investments by 2.3% during the 2nd quarter. Metropolitan Life Insurance Co. NY now owns 44,818 shares of the asset manager’s stock worth $2,802,000 after buying an additional 1,017 shares during the period. Finally, Baldwin Investment Management LLC acquired a new stake in SEI Investments during the 2nd quarter worth $1,024,000. 68.85% of the stock is currently owned by institutional investors.

Shares of NASDAQ SEIC opened at $59.16 on Tuesday. The stock has a market capitalization of $9.58 billion, a PE ratio of 25.50, a P/E/G ratio of 1.62 and a beta of 1.14. SEI Investments has a fifty-two week low of $58.15 and a fifty-two week high of $78.35.

SEI Investments (NASDAQ:SEIC) last announced its quarterly earnings data on Thursday, July 19th. The asset manager reported $0.75 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $0.76 by ($0.01). SEI Investments had a net margin of 30.25% and a return on equity of 29.98%. The company had revenue of $404.80 million during the quarter, compared to the consensus estimate of $405.58 million. During the same quarter in the previous year, the business earned $0.57 EPS. SEI Investments’s revenue was up 8.7% on a year-over-year basis. On average, sell-side analysts expect that SEI Investments will post 3.15 earnings per share for the current fiscal year.

SEIC has been the subject of a number of research reports. BidaskClub cut SEI Investments from a “sell” rating to a “strong sell” rating in a report on Saturday, August 4th. Zacks Investment Research cut SEI Investments from a “buy” rating to a “hold” rating in a report on Tuesday, July 17th. Mizuho reiterated a “buy” rating and set a $85.00 target price on shares of SEI Investments in a report on Friday, July 20th. Finally, ValuEngine cut SEI Investments from a “hold” rating to a “sell” rating in a report on Monday. Two equities research analysts have rated the stock with a sell rating, one has assigned a hold rating and four have assigned a buy rating to the stock. The company presently has an average rating of “Hold” and an average target price of $78.75.

In related news, insider Dennis Mcgonigle sold 15,000 shares of SEI Investments stock in a transaction dated Wednesday, September 12th. The stock was sold at an average price of $62.83, for a total transaction of $942,450.00. Following the completion of the transaction, the insider now owns 27,540 shares in the company, valued at $1,730,338.20. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, insider Joseph P. Ujobai sold 1,473 shares of SEI Investments stock in a transaction dated Monday, August 13th. The stock was sold at an average price of $59.84, for a total value of $88,144.32. Following the transaction, the insider now owns 14,013 shares of the company’s stock, valued at approximately $838,537.92. The disclosure for this sale can be found here. Insiders have sold 42,973 shares of company stock valued at $2,598,794 in the last quarter. 17.30% of the stock is currently owned by corporate insiders.

About SEI Investments

SEI Investments Co 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.

Read More: Average Daily Trade Volume Explained

Institutional Ownership by Quarter for SEI Investments (NASDAQ:SEIC)

Receive News & Ratings for SEI Investments Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for SEI Investments and related companies with MarketBeat.com's FREE daily email newsletter.

Leave a Reply