Pendal Group Ltd increased its stake in SEI Investments (NASDAQ:SEIC) by 5.2% in the second quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 19,429 shares of the asset manager’s stock after buying an additional 963 shares during the quarter. Pendal Group Ltd’s holdings in SEI Investments were worth $1,090,000 as of its most recent SEC filing.
A number of other institutional investors and hedge funds also recently modified their holdings of SEIC. BTIM Corp. increased its stake in SEI Investments by 10.6% in the second quarter. BTIM Corp. now owns 366,821 shares of the asset manager’s stock worth $20,578,000 after purchasing an additional 35,283 shares during the period. Shell Asset Management Co. increased its stake in SEI Investments by 107.9% in the first quarter. Shell Asset Management Co. now owns 9,553 shares of the asset manager’s stock worth $499,000 after purchasing an additional 4,959 shares during the period. Confluence Investment Management LLC increased its stake in SEI Investments by 4.2% in the second quarter. Confluence Investment Management LLC now owns 347,974 shares of the asset manager’s stock worth $19,521,000 after purchasing an additional 14,004 shares during the period. FDx Advisors Inc. purchased a new stake in SEI Investments in the second quarter worth $362,000. Finally, Mercer Global Advisors Inc. ADV purchased a new stake in SEI Investments in the first quarter worth $393,000. Institutional investors own 69.65% of the company’s stock.
In other news, Director Kathryn Mccarthy sold 9,500 shares of the firm’s stock in a transaction on Friday, July 26th. The stock was sold at an average price of $60.90, for a total transaction of $578,550.00. Following the transaction, the director now owns 75,200 shares in the company, valued at $4,579,680. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Also, Director Sarah Blumenstein sold 5,000 shares of the firm’s stock in a transaction on Thursday, August 8th. The shares were sold at an average price of $58.25, for a total value of $291,250.00. Following the transaction, the director now owns 10,681 shares in the company, valued at approximately $622,168.25. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 34,222 shares of company stock worth $2,017,423. Insiders own 22.60% of the company’s stock.
SEI Investments (NASDAQ:SEIC) last announced its quarterly earnings results on Wednesday, July 24th. The asset manager reported $0.82 EPS for the quarter, beating the consensus estimate of $0.79 by $0.03. The firm had revenue of $409.60 million for the quarter, compared to analyst estimates of $412.28 million. SEI Investments had a return on equity of 29.86% and a net margin of 29.85%. The business’s revenue for the quarter was up 1.2% on a year-over-year basis. During the same quarter last year, the firm posted $0.75 earnings per share. As a group, equities analysts expect that SEI Investments will post 3.22 EPS for the current year.
SEIC has been the topic of a number of recent analyst reports. Zacks Investment Research lowered SEI Investments from a “buy” rating to a “hold” rating and set a $63.00 target price on the stock. in a research note on Tuesday, June 11th. William Blair restated a “market perform” rating on shares of SEI Investments in a research note on Monday, April 22nd. ValuEngine upgraded SEI Investments from a “sell” rating to a “hold” rating in a research note on Tuesday, June 11th. Finally, BidaskClub lowered SEI Investments from a “strong-buy” rating to a “buy” rating in a research note on Friday. Five equities research analysts have rated the stock with a hold rating and two have given a buy rating to the company. The stock presently has a consensus rating of “Hold” and a consensus price target of $61.50.
About SEI Investments
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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