Aperio Group LLC boosted its holdings in SEI Investments (NASDAQ:SEIC) by 16.7% during the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 35,136 shares of the asset manager’s stock after acquiring an additional 5,031 shares during the period. Aperio Group LLC’s holdings in SEI Investments were worth $2,632,000 as of its most recent filing with the Securities and Exchange Commission.
A number of other institutional investors and hedge funds have also bought and sold shares of the stock. BlackRock Inc. raised its stake in SEI Investments by 1.9% in the 4th quarter. BlackRock Inc. now owns 13,949,844 shares of the asset manager’s stock valued at $1,002,436,000 after acquiring an additional 254,860 shares during the period. Geode Capital Management LLC raised its stake in SEI Investments by 2.7% in the 4th quarter. Geode Capital Management LLC now owns 1,352,174 shares of the asset manager’s stock valued at $97,117,000 after acquiring an additional 35,184 shares during the period. Schwab Charles Investment Management Inc. raised its stake in SEI Investments by 13.2% in the 1st quarter. Schwab Charles Investment Management Inc. now owns 628,055 shares of the asset manager’s stock valued at $47,048,000 after acquiring an additional 73,474 shares during the period. AGF Investments Inc. bought a new stake in SEI Investments in the 1st quarter valued at $38,172,000. Finally, King Luther Capital Management Corp raised its stake in SEI Investments by 12.4% in the 4th quarter. King Luther Capital Management Corp now owns 452,712 shares of the asset manager’s stock valued at $32,532,000 after acquiring an additional 50,015 shares during the period. Institutional investors and hedge funds own 69.98% of the company’s stock.
SEIC has been the topic of a number of research analyst reports. Zacks Investment Research cut SEI Investments from a “buy” rating to a “hold” rating in a research note on Tuesday, March 6th. BidaskClub cut SEI Investments from a “strong-buy” rating to a “buy” rating in a research report on Thursday, April 12th. William Blair cut SEI Investments from an “outperform” rating to a “market perform” rating in a research report on Thursday, April 12th. Sandler O’Neill set a $81.00 price objective on SEI Investments and gave the stock a “buy” rating in a research report on Tuesday, April 10th. Finally, Oppenheimer reiterated a “buy” rating and set a $80.00 price objective on shares of SEI Investments in a research report on Thursday, February 1st. Four equities research analysts have rated the stock with a hold rating and three have given a buy rating to the company. SEI Investments currently has an average rating of “Hold” and an average target price of $75.00.
SEI Investments opened at $63.78 on Friday, MarketBeat.com reports. The company has a current ratio of 6.43, a quick ratio of 6.31 and a debt-to-equity ratio of 0.01. The firm has a market cap of $10.11 billion, a price-to-earnings ratio of 27.49, a PEG ratio of 1.70 and a beta of 1.28. SEI Investments has a fifty-two week low of $49.45 and a fifty-two week high of $78.35.
SEI Investments (NASDAQ:SEIC) last posted its quarterly earnings data on Wednesday, April 25th. The asset manager reported $0.86 earnings per share for the quarter, topping the consensus estimate of $0.76 by $0.10. The firm had revenue of $405.60 million for the quarter, compared to analysts’ expectations of $408.10 million. SEI Investments had a return on equity of 29.07% and a net margin of 28.97%. The company’s quarterly revenue was up 12.7% compared to the same quarter last year. During the same quarter last year, the business earned $0.55 EPS. equities analysts expect that SEI Investments will post 3.13 EPS for the current fiscal year.
The company also recently disclosed a semiannual dividend, which will be paid on Friday, June 22nd. Shareholders of record on Thursday, June 14th will be given a dividend of $0.30 per share. This represents a yield of 0.94%. The ex-dividend date is Wednesday, June 13th. SEI Investments’s payout ratio is 25.86%.
SEI Investments Profile
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.
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