North Star Asset Management Inc. reduced its stake in shares of SEI Investments Company (NASDAQ:SEIC) by 85.3% during the first quarter, according to its most recent disclosure with the SEC. The fund owned 20,714 shares of the asset manager’s stock after selling 120,418 shares during the period. North Star Asset Management Inc.’s holdings in SEI Investments Company were worth $1,045,000 as of its most recent filing with the SEC.
Other large investors also recently bought and sold shares of the company. Van ECK Associates Corp boosted its stake in SEI Investments Company by 5.1% in the fourth quarter. Van ECK Associates Corp now owns 2,086 shares of the asset manager’s stock valued at $103,000 after buying an additional 101 shares during the last quarter. First Mercantile Trust Co. boosted its stake in SEI Investments Company by 165.6% in the first quarter. First Mercantile Trust Co. now owns 2,404 shares of the asset manager’s stock valued at $121,000 after buying an additional 1,499 shares during the last quarter. Pacer Advisors Inc. boosted its stake in SEI Investments Company by 3.2% in the first quarter. Pacer Advisors Inc. now owns 2,472 shares of the asset manager’s stock valued at $125,000 after buying an additional 77 shares during the last quarter. Mosaic Family Wealth LLC boosted its stake in SEI Investments Company by 3.6% in the first quarter. Mosaic Family Wealth LLC now owns 2,976 shares of the asset manager’s stock valued at $150,000 after buying an additional 103 shares during the last quarter. Finally, Quantbot Technologies LP bought a new stake in SEI Investments Company during the first quarter valued at $159,000. Hedge funds and other institutional investors own 69.84% of the company’s stock.
SEI Investments Company (SEIC) traded up 0.38% during midday trading on Friday, reaching $53.02. 1,352,607 shares of the company’s stock traded hands. The company has a market cap of $8.41 billion, a P/E ratio of 25.13 and a beta of 1.38. The stock has a 50-day moving average of $51.41 and a 200 day moving average of $50.64. SEI Investments Company has a 52-week low of $42.12 and a 52-week high of $54.57.
SEI Investments Company (NASDAQ:SEIC) last issued its earnings results on Wednesday, April 19th. The asset manager reported $0.55 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.52 by $0.03. The firm had revenue of $359.98 million during the quarter, compared to the consensus estimate of $362.65 million. SEI Investments Company had a return on equity of 26.20% and a net margin of 24.18%. The business’s quarterly revenue was up 7.7% on a year-over-year basis. During the same quarter in the previous year, the firm earned $0.46 earnings per share. On average, analysts anticipate that SEI Investments Company will post $2.24 earnings per share for the current fiscal year.
The firm also recently announced a semiannual dividend, which was paid on Friday, June 16th. Shareholders of record on Wednesday, June 7th were paid a dividend of $0.28 per share. This represents a yield of 1.11%. The ex-dividend date of this dividend was Monday, June 5th. SEI Investments Company’s payout ratio is 26.42%.
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Several research firms have weighed in on SEIC. BidaskClub cut shares of SEI Investments Company from a “strong-buy” rating to a “buy” rating in a research report on Thursday. Zacks Investment Research upgraded shares of SEI Investments Company from a “sell” rating to a “hold” rating in a research report on Tuesday, March 28th. Finally, Raymond James Financial, Inc. restated a “market perform” rating on shares of SEI Investments Company in a research report on Thursday, April 20th. Three investment analysts have rated the stock with a hold rating and two have issued a buy rating to the company. The company has a consensus rating of “Hold” and an average price target of $52.33.
In other news, major shareholder Alfred P. West, Jr. sold 50,000 shares of the company’s stock in a transaction that occurred on Wednesday, April 26th. The stock was sold at an average price of $50.94, for a total value of $2,547,000.00. Following the completion of the transaction, the insider now owns 10,986,282 shares of the company’s stock, valued at $559,641,205.08. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Also, major shareholder Alfred P. West, Jr. sold 125,000 shares of the company’s stock in a transaction that occurred on Tuesday, April 25th. The shares were sold at an average price of $50.78, for a total value of $6,347,500.00. Following the completion of the transaction, the insider now directly owns 11,086,282 shares of the company’s stock, valued at approximately $562,961,399.96. The disclosure for this sale can be found here. Insiders sold 360,000 shares of company stock valued at $18,529,377 in the last ninety days. 17.10% of the stock is currently owned by insiders.
SEI Investments Company Company Profile
SEI Investments Company provides investment processing, investment management and investment operations solutions. The Company provides its solutions to financial institutions, financial advisors, institutional investors, investment managers and ultra-high-net-worth families in the United States, Canada, the United Kingdom, continental Europe and various other locations around the world.
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