Aperio Group LLC Decreases Stake in SEI Investments (SEIC)

Aperio Group LLC trimmed its stake in shares of SEI Investments (NASDAQ:SEIC) by 21.4% in the 3rd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 28,366 shares of the asset manager’s stock after selling 7,719 shares during the period. Aperio Group LLC’s holdings in SEI Investments were worth $1,733,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in SEIC. Jane Street Group LLC raised its stake in shares of SEI Investments by 29.6% in the 1st quarter. Jane Street Group LLC now owns 3,700 shares of the asset manager’s stock worth $277,000 after buying an additional 845 shares in the last quarter. Principal Financial Group Inc. raised its stake in shares of SEI Investments by 3.6% in the 1st quarter. Principal Financial Group Inc. now owns 574,989 shares of the asset manager’s stock worth $43,072,000 after buying an additional 19,933 shares in the last quarter. Allianz Asset Management GmbH raised its stake in shares of SEI Investments by 43.5% in the 1st quarter. Allianz Asset Management GmbH now owns 401,700 shares of the asset manager’s stock worth $30,091,000 after buying an additional 121,735 shares in the last quarter. IFM Investors Pty Ltd raised its stake in shares of SEI Investments by 40.5% in the 2nd quarter. IFM Investors Pty Ltd now owns 6,939 shares of the asset manager’s stock worth $434,000 after buying an additional 1,999 shares in the last quarter. Finally, Confluence Investment Management LLC raised its stake in shares of SEI Investments by 2.6% in the 2nd quarter. Confluence Investment Management LLC now owns 280,157 shares of the asset manager’s stock worth $17,515,000 after buying an additional 7,151 shares in the last quarter. 69.54% of the stock is owned by hedge funds and other institutional investors.

A number of analysts have recently commented on the company. Zacks Investment Research downgraded SEI Investments from a “buy” rating to a “hold” rating in a research note on Tuesday, July 17th. BidaskClub downgraded SEI Investments from a “hold” rating to a “sell” rating in a research note on Wednesday, July 18th. Mizuho reissued a “buy” rating and issued a $85.00 price objective on shares of SEI Investments in a research note on Friday, July 20th. ValuEngine downgraded SEI Investments from a “hold” rating to a “sell” rating in a research note on Monday, October 8th. Finally, Keefe, Bruyette & Woods raised SEI Investments from a “market perform” rating to an “outperform” rating and dropped their price objective for the stock from $68.00 to $63.00 in a research note on Wednesday, October 24th. Two equities research analysts have rated the stock with a sell rating, two have given a hold rating and four have assigned a buy rating to the company. The stock presently has a consensus rating of “Hold” and an average price target of $75.60.

Shares of SEI Investments stock opened at $54.77 on Friday. The firm has a market cap of $8.44 billion, a PE ratio of 23.61, a P/E/G ratio of 1.42 and a beta of 1.20. SEI Investments has a 12-month low of $50.99 and a 12-month high of $78.35.

SEI Investments (NASDAQ:SEIC) last announced its earnings results on Tuesday, October 23rd. The asset manager reported $0.80 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.76 by $0.04. The company had revenue of $408.68 million for the quarter, compared to analyst estimates of $410.35 million. SEI Investments had a return on equity of 30.73% and a net margin of 31.46%. SEI Investments’s revenue for the quarter was up 5.9% compared to the same quarter last year. During the same period in the previous year, the firm earned $0.63 earnings per share. Research analysts anticipate that SEI Investments will post 3.19 EPS for the current fiscal year.

In other news, insider Dennis Mcgonigle sold 15,000 shares of the business’s stock in a transaction on Wednesday, September 12th. The stock was sold at an average price of $62.83, for a total transaction of $942,450.00. Following the sale, the insider now directly owns 27,540 shares of the company’s stock, valued at $1,730,338.20. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, insider Joseph P. Ujobai sold 1,473 shares of the business’s stock in a transaction on Monday, August 13th. The stock was sold at an average price of $59.84, for a total value of $88,144.32. Following the sale, the insider now directly owns 14,013 shares in the company, valued at $838,537.92. The disclosure for this sale can be found here. 16.50% of the stock is owned by insiders.

COPYRIGHT VIOLATION NOTICE: This piece was originally published by Sports Perspectives and is the sole property of of Sports Perspectives. If you are accessing this piece on another site, it was illegally copied and reposted in violation of U.S. & international trademark and copyright legislation. The correct version of this piece can be viewed at https://sportsperspectives.com/2018/11/10/aperio-group-llc-decreases-stake-in-sei-investments-seic.html.

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.

Further Reading: Asset Allocation, Balancing Your Investments

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

Receive News & Ratings for SEI Investments Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for SEI Investments and related companies with MarketBeat.com's FREE daily email newsletter.

Leave a Reply