Insider Selling: SEI Investments (SEIC) Director Sells 15,000 Shares of Stock

SEI Investments (NASDAQ:SEIC) Director Dennis Mcgonigle sold 15,000 shares of the firm’s stock in a transaction on Tuesday, December 4th. The shares were sold at an average price of $51.63, for a total value of $774,450.00. Following the transaction, the director now owns 592,034 shares of the company’s stock, valued at $30,566,715.42. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link.

Dennis Mcgonigle also recently made the following trade(s):

  • On Wednesday, September 12th, Dennis Mcgonigle sold 15,000 shares of SEI Investments stock. The shares were sold at an average price of $62.83, for a total value of $942,450.00.

Shares of SEI Investments stock traded down $0.85 during trading on Friday, hitting $50.47. 27,634 shares of the company’s stock traded hands, compared to its average volume of 591,639. SEI Investments has a 1 year low of $49.57 and a 1 year high of $78.35. The stock has a market capitalization of $7.98 billion, a PE ratio of 21.89, a price-to-earnings-growth ratio of 1.34 and a beta of 1.21.

SEI Investments (NASDAQ:SEIC) last released its quarterly earnings data on Tuesday, October 23rd. The asset manager reported $0.80 EPS for the quarter, beating the consensus estimate of $0.76 by $0.04. SEI Investments had a return on equity of 30.73% and a net margin of 31.46%. The company had revenue of $408.68 million for the quarter, compared to analysts’ expectations of $410.35 million. During the same period last year, the firm posted $0.63 earnings per share. SEI Investments’s revenue was up 5.9% compared to the same quarter last year. As a group, research analysts anticipate that SEI Investments will post 3.19 earnings per share for the current fiscal year.

Several equities analysts have recently weighed in on SEIC shares. BidaskClub upgraded SEI Investments from a “strong sell” rating to a “sell” rating in a report on Thursday, August 23rd. Zacks Investment Research upgraded SEI Investments from a “hold” rating to a “buy” rating and set a $69.00 price target for the company in a report on Thursday, August 23rd. ValuEngine downgraded SEI Investments from a “hold” rating to a “sell” rating in a report on Monday, October 8th. Keefe, Bruyette & Woods raised SEI Investments from a “market perform” rating to an “outperform” rating and dropped their price objective for the company from $68.00 to $63.00 in a research report on Wednesday, October 24th. Finally, Rosenblatt Securities initiated coverage on SEI Investments in a research report on Wednesday. They set a “neutral” rating and a $59.00 price objective on the stock. Two investment analysts have rated the stock with a sell rating, three have issued a hold rating and four have given a buy rating to the company. The stock currently has an average rating of “Hold” and an average price target of $72.83.

Several institutional investors have recently added to or reduced their stakes in the stock. Standard Life Aberdeen plc boosted its position in SEI Investments by 15.7% in the second quarter. Standard Life Aberdeen plc now owns 53,030 shares of the asset manager’s stock worth $3,316,000 after purchasing an additional 7,205 shares during the last quarter. Janus Henderson Group PLC boosted its position in SEI Investments by 30.9% in the second quarter. Janus Henderson Group PLC now owns 1,134,674 shares of the asset manager’s stock worth $70,940,000 after purchasing an additional 268,000 shares during the last quarter. SG Americas Securities LLC boosted its position in SEI Investments by 45.7% in the second quarter. SG Americas Securities LLC now owns 83,162 shares of the asset manager’s stock worth $5,199,000 after purchasing an additional 26,089 shares during the last quarter. Arizona State Retirement System boosted its position in SEI Investments by 2.7% in the third quarter. Arizona State Retirement System now owns 93,538 shares of the asset manager’s stock worth $5,715,000 after purchasing an additional 2,442 shares during the last quarter. Finally, Schroder Investment Management Group boosted its position in SEI Investments by 676.0% in the second quarter. Schroder Investment Management Group now owns 19,634 shares of the asset manager’s stock worth $1,233,000 after purchasing an additional 17,104 shares during the last quarter. 69.31% of the stock is currently owned by institutional investors.

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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.

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