SEI Investments (SEIC) Position Boosted by Pensionfund DSM Netherlands

Pensionfund DSM Netherlands grew its position in shares of SEI Investments (NASDAQ:SEIC) by 12.9% during the first quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 43,800 shares of the asset manager’s stock after buying an additional 5,000 shares during the period. Pensionfund DSM Netherlands’ holdings in SEI Investments were worth $2,289,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Wells Fargo & Company MN grew its stake in shares of SEI Investments by 5.3% during the 3rd quarter. Wells Fargo & Company MN now owns 188,837 shares of the asset manager’s stock worth $11,539,000 after acquiring an additional 9,540 shares in the last quarter. Bank of New York Mellon Corp grew its stake in shares of SEI Investments by 2.3% in the third quarter. Bank of New York Mellon Corp now owns 1,852,116 shares of the asset manager’s stock valued at $113,164,000 after buying an additional 41,307 shares in the last quarter. Trexquant Investment LP bought a new position in shares of SEI Investments in the third quarter valued at $471,000. Schroder Investment Management Group grew its stake in shares of SEI Investments by 179.8% in the third quarter. Schroder Investment Management Group now owns 54,943 shares of the asset manager’s stock valued at $3,357,000 after buying an additional 35,309 shares in the last quarter. Finally, Credit Suisse AG grew its stake in shares of SEI Investments by 15.0% in the third quarter. Credit Suisse AG now owns 276,471 shares of the asset manager’s stock valued at $16,891,000 after buying an additional 36,126 shares in the last quarter. 69.39% of the stock is currently owned by hedge funds and other institutional investors.

Shares of SEIC traded down $0.48 during midday trading on Wednesday, reaching $57.00. 1,176,921 shares of the stock were exchanged, compared to its average volume of 738,574. SEI Investments has a twelve month low of $42.27 and a twelve month high of $69.58. The company has a market capitalization of $8.69 billion, a P/E ratio of 18.15, a P/E/G ratio of 1.58 and a beta of 1.24.

SEI Investments (NASDAQ:SEIC) last posted its earnings results on Wednesday, January 30th. The asset manager reported $0.73 earnings per share for the quarter, missing the Zacks’ consensus estimate of $0.74 by ($0.01). SEI Investments had a return on equity of 31.48% and a net margin of 31.15%. The firm had revenue of $405.05 million for the quarter, compared to analyst estimates of $403.45 million. During the same period in the prior year, the business posted $0.75 EPS. The firm’s quarterly revenue was down .8% compared to the same quarter last year. As a group, sell-side analysts expect that SEI Investments will post 3.09 EPS for the current year.

In related news, VP Kathy Heilig sold 16,000 shares of the firm’s stock in a transaction on Thursday, March 14th. The stock was sold at an average price of $51.50, for a total value of $824,000.00. Following the transaction, the vice president now owns 17,891 shares in the company, valued at $921,386.50. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, major shareholder Alfred P. West, Jr. sold 116,412 shares of the firm’s stock in a transaction on Friday, March 1st. The stock was sold at an average price of $53.03, for a total value of $6,173,328.36. Following the completion of the transaction, the insider now owns 9,811,713 shares in the company, valued at approximately $520,315,140.39. The disclosure for this sale can be found here. Insiders have sold 307,103 shares of company stock valued at $16,143,042 in the last three months. Insiders own 17.30% of the company’s stock.

SEIC has been the subject of several analyst reports. Oppenheimer decreased their target price on shares of SEI Investments from $68.00 to $60.00 and set an “outperform” rating for the company in a research note on Wednesday, January 9th. ValuEngine raised SEI Investments from a “sell” rating to a “hold” rating in a report on Tuesday, April 16th. BidaskClub raised SEI Investments from a “sell” rating to a “hold” rating in a report on Tuesday, April 9th. TheStreet raised SEI Investments from a “c+” rating to a “b-” rating in a report on Tuesday, March 12th. Finally, Zacks Investment Research downgraded SEI Investments from a “hold” rating to a “strong sell” rating in a report on Thursday, January 17th. Five research analysts have rated the stock with a hold rating and three have given a buy rating to the stock. The company currently has a consensus rating of “Hold” and an average price target of $66.20.

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

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