Magnus Financial Group LLC grew its holdings in shares of SEI Investments (NASDAQ:SEIC) by 4.7% during the first quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 6,119 shares of the asset manager’s stock after purchasing an additional 276 shares during the period. Magnus Financial Group LLC’s holdings in SEI Investments were worth $320,000 at the end of the most recent quarter.
Several other large investors have also made changes to their positions in SEIC. BlackRock Inc. lifted its holdings in shares of SEI Investments by 2.0% during the 4th quarter. BlackRock Inc. now owns 14,153,322 shares of the asset manager’s stock worth $653,883,000 after acquiring an additional 282,606 shares during the period. Oregon Public Employees Retirement Fund lifted its holdings in shares of SEI Investments by 4,406.2% during the 4th quarter. Oregon Public Employees Retirement Fund now owns 3,250,355 shares of the asset manager’s stock worth $70,000 after acquiring an additional 3,178,224 shares during the period. Geode Capital Management LLC lifted its holdings in shares of SEI Investments by 19.1% during the 4th quarter. Geode Capital Management LLC now owns 1,770,128 shares of the asset manager’s stock worth $81,741,000 after acquiring an additional 283,678 shares during the period. Parnassus Investments CA lifted its holdings in shares of SEI Investments by 25.4% during the 1st quarter. Parnassus Investments CA now owns 1,590,474 shares of the asset manager’s stock worth $83,102,000 after acquiring an additional 322,254 shares during the period. Finally, Norges Bank bought a new stake in shares of SEI Investments during the 4th quarter worth approximately $65,129,000. Hedge funds and other institutional investors own 68.34% of the company’s stock.
In other SEI Investments news, VP Kathy Heilig sold 16,000 shares of the company’s stock in a transaction that occurred on Thursday, March 14th. The shares were sold at an average price of $51.50, for a total value of $824,000.00. Following the completion of the transaction, the vice president now directly owns 17,891 shares in the company, valued at approximately $921,386.50. The sale was disclosed in a filing with the SEC, which is available at this hyperlink. Also, Director Sarah Blumenstein sold 5,000 shares of the company’s stock in a transaction that occurred on Friday, May 10th. The shares were sold at an average price of $51.96, for a total transaction of $259,800.00. Following the completion of the transaction, the director now owns 10,681 shares of the company’s stock, valued at $554,984.76. The disclosure for this sale can be found here. In the last three months, insiders sold 272,615 shares of company stock valued at $14,385,954. 22.60% of the stock is owned by insiders.
SEI Investments (NASDAQ:SEIC) last issued its quarterly earnings data on Wednesday, April 24th. The asset manager reported $0.73 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $0.76 by ($0.03). The company had revenue of $400.82 million during the quarter, compared to the consensus estimate of $404.82 million. SEI Investments had a net margin of 29.64% and a return on equity of 29.76%. SEI Investments’s revenue for the quarter was down 1.2% on a year-over-year basis. During the same period in the previous year, the company earned $0.86 EPS. As a group, equities analysts predict that SEI Investments will post 3.18 earnings per share for the current fiscal year.
A number of brokerages have recently weighed in on SEIC. ValuEngine raised shares of SEI Investments from a “sell” rating to a “hold” rating in a report on Tuesday, April 16th. Keefe, Bruyette & Woods downgraded shares of SEI Investments from an “outperform” rating to a “market perform” rating and upped their price target for the stock from $56.00 to $64.00 in a report on Sunday, April 14th. Zacks Investment Research raised shares of SEI Investments from a “hold” rating to a “buy” rating and set a $63.00 price target for the company in a report on Friday, April 12th. William Blair reaffirmed a “market perform” rating on shares of SEI Investments in a report on Monday, April 22nd. Finally, BidaskClub raised shares of SEI Investments from a “sell” rating to a “hold” rating in a report on Tuesday, April 9th. One investment analyst has rated the stock with a sell rating, four have given a hold rating and three have given a buy rating to the company’s stock. SEI Investments presently has an average rating of “Hold” and a consensus target price of $66.20.
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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