Wagner Bowman Management Corp Acquires New Holdings in SEI Investments (SEIC)

Wagner Bowman Management Corp acquired a new stake in shares of SEI Investments (NASDAQ:SEIC) during the first quarter, Holdings Channel reports. The institutional investor acquired 4,000 shares of the asset manager’s stock, valued at approximately $209,000.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Ruggie Capital Group acquired a new stake in SEI Investments during the 4th quarter worth approximately $27,000. Global Retirement Partners LLC increased its holdings in shares of SEI Investments by 67.9% during the 4th quarter. Global Retirement Partners LLC now owns 764 shares of the asset manager’s stock worth $35,000 after acquiring an additional 309 shares during the last quarter. ETF Managers Group LLC increased its holdings in shares of SEI Investments by 15.7% during the 4th quarter. ETF Managers Group LLC now owns 1,722 shares of the asset manager’s stock worth $80,000 after acquiring an additional 234 shares during the last quarter. First Bank & Trust acquired a new position in shares of SEI Investments during the 1st quarter worth approximately $93,000. Finally, First Financial Corp IN acquired a new position in shares of SEI Investments during the 1st quarter worth approximately $131,000. 69.39% of the stock is currently owned by hedge funds and other institutional investors.

SEIC opened at $56.43 on Tuesday. The firm has a market cap of $8.67 billion, a PE ratio of 17.97, a P/E/G ratio of 1.58 and a beta of 1.24. SEI Investments has a 52-week low of $42.27 and a 52-week high of $70.89.



SEI Investments (NASDAQ:SEIC) last released its earnings results on Wednesday, January 30th. The asset manager reported $0.73 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.74 by ($0.01). The company had revenue of $405.05 million for the quarter, compared to analyst estimates of $403.45 million. SEI Investments had a return on equity of 31.48% and a net margin of 31.15%. The business’s revenue for the quarter was down .8% compared to the same quarter last year. During the same period last year, the company posted $0.75 earnings per share. Research analysts anticipate that SEI Investments will post 3.09 earnings per share for the current year.

In related news, major shareholder Alfred P. West, Jr. sold 100,000 shares of the company’s stock in a transaction on Wednesday, February 27th. The stock was sold at an average price of $52.65, for a total transaction of $5,265,000.00. Following the completion of the sale, the insider now directly owns 10,106,713 shares in the company, valued at approximately $532,118,439.45. The sale was disclosed in a filing with the SEC, which is available through this link. Also, VP Kathy Heilig sold 16,000 shares of the company’s stock in a transaction on Thursday, March 14th. The stock was sold at an average price of $51.50, for a total value of $824,000.00. Following the sale, the vice president now owns 17,891 shares of the company’s stock, valued at $921,386.50. The disclosure for this sale can be found here. Over the last three months, insiders have sold 307,103 shares of company stock worth $16,143,042. 17.30% of the stock is currently owned by insiders.

A number of research analysts have commented on SEIC shares. ValuEngine raised SEI Investments from a “sell” rating to a “hold” rating in a report on Tuesday, April 16th. Keefe, Bruyette & Woods lowered SEI Investments from an “outperform” rating to a “market perform” rating and upped their price objective for the company from $56.00 to $64.00 in a report on Sunday, April 14th. Zacks Investment Research raised SEI Investments from a “hold” rating to a “buy” rating and set a $63.00 price objective on the stock in a report on Friday, April 12th. William Blair reaffirmed a “market perform” rating on shares of SEI Investments in a report on Monday. Finally, BidaskClub raised SEI Investments from a “sell” rating to a “hold” rating in a report on Tuesday, April 9th. Five research analysts have rated the stock with a hold rating and three have given a buy rating to the company’s stock. SEI Investments currently has a consensus rating of “Hold” and an average target price of $66.20.

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

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