Advisors Asset Management Inc. Has $588,000 Holdings in SEI Investments (SEIC)

Advisors Asset Management Inc. grew its stake in SEI Investments (NASDAQ:SEIC) by 177.3% during the second quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 13,362 shares of the asset manager’s stock after purchasing an additional 8,544 shares during the quarter. Advisors Asset Management Inc.’s holdings in SEI Investments were worth $588,000 as of its most recent filing with the SEC.

Several other institutional investors also recently modified their holdings of SEIC. Millennium Management LLC raised 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 in the last quarter. Prana Capital Management LP acquired a new stake in shares of SEI Investments in the 2nd quarter valued at about $20,768,000. BlackRock Inc. raised its stake in shares of SEI Investments by 2.3% in the 2nd quarter. BlackRock Inc. now owns 13,385,091 shares of the asset manager’s stock valued at $836,835,000 after purchasing an additional 298,517 shares in the last quarter. Natixis raised its stake in shares of SEI Investments by 5,554.5% in the 1st quarter. Natixis now owns 285,550 shares of the asset manager’s stock valued at $21,391,000 after purchasing an additional 280,500 shares in the last quarter. Finally, Janus Henderson Group PLC raised its stake in shares of SEI Investments by 30.9% in the 2nd quarter. Janus Henderson Group PLC now owns 1,134,674 shares of the asset manager’s stock valued at $70,940,000 after purchasing an additional 268,000 shares in the last quarter. Institutional investors and hedge funds own 68.85% of the company’s stock.

SEIC has been the topic of a number of recent analyst reports. BidaskClub lowered shares of SEI Investments from a “sell” rating to a “strong sell” rating in a research note on Saturday, August 4th. Zacks Investment Research lowered shares of SEI Investments from a “buy” rating to a “hold” rating in a research note on Tuesday, July 17th. Mizuho restated a “buy” rating and issued a $85.00 target price on shares of SEI Investments in a research note on Friday, July 20th. Finally, ValuEngine lowered shares of SEI Investments from a “hold” rating to a “sell” rating in a research note on Monday. Two investment 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. SEI Investments has a consensus rating of “Hold” and an average target price of $78.75.

In related news, insider Joseph P. Ujobai sold 1,500 shares of the stock in a transaction dated Friday, August 10th. The shares were sold at an average price of $59.80, for a total transaction of $89,700.00. Following the sale, the insider now owns 29,567 shares in the company, valued at $1,768,106.60. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, EVP Kevin Barr sold 25,000 shares of the stock in a transaction dated Wednesday, August 1st. The stock was sold at an average price of $59.14, for a total transaction of $1,478,500.00. Following the sale, the executive vice president now owns 69,134 shares in the company, valued at approximately $4,088,584.76. The disclosure for this sale can be found here. In the last quarter, insiders have sold 42,973 shares of company stock worth $2,598,794. 17.30% of the stock is owned by company insiders.

Shares of SEI Investments stock 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 1 year low of $58.15 and a 1 year high of $78.35.

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

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

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