Ingalls & Snyder LLC Cuts Position in SEI Investments (NASDAQ:SEIC)

Ingalls & Snyder LLC decreased its position in shares of SEI Investments (NASDAQ:SEIC) by 0.4% during the first quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 64,220 shares of the asset manager’s stock after selling 226 shares during the period. Ingalls & Snyder LLC’s holdings in SEI Investments were worth $3,355,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds have also recently bought and sold shares of the company. Mn Services Vermogensbeheer B.V. boosted its stake in shares of SEI Investments by 7.6% during the fourth quarter. Mn Services Vermogensbeheer B.V. now owns 22,584 shares of the asset manager’s stock valued at $913,000 after purchasing an additional 1,600 shares during the period. Korea Investment CORP boosted its stake in shares of SEI Investments by 27.4% during the fourth quarter. Korea Investment CORP now owns 325,100 shares of the asset manager’s stock valued at $15,020,000 after purchasing an additional 70,000 shares during the period. Advisor Group Inc. boosted its stake in shares of SEI Investments by 11.5% during the fourth quarter. Advisor Group Inc. now owns 17,037 shares of the asset manager’s stock valued at $789,000 after purchasing an additional 1,757 shares during the period. Two Sigma Investments LP boosted its stake in shares of SEI Investments by 132.4% during the fourth quarter. Two Sigma Investments LP now owns 492,547 shares of the asset manager’s stock valued at $22,756,000 after purchasing an additional 280,615 shares during the period. Finally, BB&T Corp boosted its stake in shares of SEI Investments by 0.8% during the fourth quarter. BB&T Corp now owns 99,424 shares of the asset manager’s stock valued at $4,593,000 after purchasing an additional 808 shares during the period. Institutional investors and hedge funds own 70.04% of the company’s stock.

A number of brokerages have recently issued reports on SEIC. Keefe, Bruyette & Woods lowered shares of SEI Investments from an “outperform” rating to a “market perform” rating and boosted their target price for the company from $56.00 to $64.00 in a research note on Sunday, April 14th. Zacks Investment Research lowered shares of SEI Investments from a “buy” rating to a “hold” rating in a research note on Wednesday, April 3rd. BidaskClub raised shares of SEI Investments from a “strong sell” rating to a “sell” rating in a research note on Saturday, March 16th. ValuEngine lowered shares of SEI Investments from a “hold” rating to a “sell” rating in a research note on Thursday, April 25th. Finally, Oppenheimer lowered 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. One analyst has rated the stock with a sell rating, four have assigned a hold rating and three have issued a buy rating to the company. SEI Investments presently has an average rating of “Hold” and an average target price of $66.20.

In other SEI Investments news, major shareholder Alfred P. West, Jr. sold 116,412 shares of the stock in a transaction dated Friday, March 1st. The shares were sold at an average price of $53.03, for a total transaction of $6,173,328.36. Following the completion of the sale, the insider now directly owns 9,811,713 shares of the company’s stock, valued at $520,315,140.39. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, VP Kathy Heilig sold 16,000 shares of the stock in a transaction dated Thursday, March 14th. The shares were sold at an average price of $51.50, for a total transaction of $824,000.00. Following the sale, the vice president now directly owns 17,891 shares of the company’s stock, valued at $921,386.50. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 307,103 shares of company stock valued at $16,143,042. 22.60% of the stock is owned by insiders.

NASDAQ:SEIC opened at $53.65 on Friday. SEI Investments has a 1-year low of $42.27 and a 1-year high of $69.44. The stock has a market capitalization of $8.23 billion, a P/E ratio of 17.09, a price-to-earnings-growth ratio of 1.43 and a beta of 1.24.

SEI Investments (NASDAQ:SEIC) last released its quarterly earnings data on Wednesday, April 24th. The asset manager reported $0.73 earnings per share for the quarter, missing the Zacks’ consensus estimate of $0.76 by ($0.03). SEI Investments had a return on equity of 29.76% and a net margin of 29.64%. The business had revenue of $400.82 million during the quarter, compared to analysts’ expectations of $404.82 million. During the same period last year, the company earned $0.86 earnings per share. The firm’s revenue was down 1.2% compared to the same quarter last year. As a group, analysts anticipate that SEI Investments will post 3.18 EPS for the current year.

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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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