Aviva PLC Increases Stake in SEI Investments Company (NASDAQ:SEIC)

Aviva PLC boosted its holdings in shares of SEI Investments Company (NASDAQ:SEIC) by 5.6% in the second quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 78,736 shares of the asset manager’s stock after acquiring an additional 4,190 shares during the quarter. Aviva PLC’s holdings in SEI Investments were worth $4,235,000 as of its most recent SEC filing.

Several other hedge funds have also recently modified their holdings of the business. JPMorgan Chase & Co. boosted its position in SEI Investments by 32.2% during the first quarter. JPMorgan Chase & Co. now owns 320,687 shares of the asset manager’s stock worth $16,176,000 after purchasing an additional 78,158 shares in the last quarter. Confluence Investment Management LLC boosted its position in SEI Investments by 4.2% during the second quarter. Confluence Investment Management LLC now owns 268,543 shares of the asset manager’s stock worth $14,442,000 after purchasing an additional 10,744 shares in the last quarter. UBS Asset Management Americas Inc. boosted its position in SEI Investments by 2.5% during the first quarter. UBS Asset Management Americas Inc. now owns 702,422 shares of the asset manager’s stock worth $35,430,000 after purchasing an additional 17,422 shares in the last quarter. Suntrust Banks Inc. boosted its position in SEI Investments by 1.1% during the first quarter. Suntrust Banks Inc. now owns 8,061 shares of the asset manager’s stock worth $405,000 after purchasing an additional 88 shares in the last quarter. Finally, Sumitomo Mitsui Trust Holdings Inc. boosted its position in SEI Investments by 1.6% during the second quarter. Sumitomo Mitsui Trust Holdings Inc. now owns 396,776 shares of the asset manager’s stock worth $21,339,000 after purchasing an additional 6,325 shares in the last quarter. Institutional investors and hedge funds own 68.66% of the company’s stock.

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SEIC has been the topic of several research reports. BidaskClub downgraded SEI Investments from a “strong-buy” rating to a “buy” rating in a research report on Thursday, June 22nd. Zacks Investment Research upgraded SEI Investments from a “hold” rating to a “buy” rating and set a $61.00 target price on the stock in a research report on Wednesday, July 12th. Mizuho initiated coverage on SEI Investments in a research report on Tuesday, June 27th. They issued a “buy” rating and a $60.00 target price on the stock. Keefe, Bruyette & Woods restated a “hold” rating and issued a $58.00 target price on shares of SEI Investments in a research report on Sunday, September 3rd. Finally, Oppenheimer Holdings, Inc. increased their price target on SEI Investments from $55.00 to $60.00 and gave the company an “outperform” rating in a report on Tuesday, July 11th. Three analysts have rated the stock with a hold rating and three have issued a buy rating to the company’s stock. SEI Investments presently has a consensus rating of “Buy” and a consensus price target of $59.75.

In other news, major shareholder Alfred P. West, Jr. sold 50,000 shares of SEI Investments stock in a transaction dated Friday, August 4th. The shares were sold at an average price of $55.94, for a total transaction of $2,797,000.00. Following the sale, the insider now directly owns 10,686,282 shares in the company, valued at approximately $597,790,615.08. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, insider Joseph P. Ujobai sold 25,000 shares of SEI Investments stock in a transaction dated Tuesday, June 20th. The shares were sold at an average price of $53.70, for a total transaction of $1,342,500.00. Following the sale, the insider now owns 37,540 shares in the company, valued at $2,015,898. The disclosure for this sale can be found here. Insiders sold a total of 280,000 shares of company stock worth $15,693,150 in the last quarter. Insiders own 16.50% of the company’s stock.

SEI Investments Company (NASDAQ:SEIC) traded up 0.65% during midday trading on Friday, reaching $57.58. The company’s stock had a trading volume of 807,379 shares. SEI Investments Company has a 52 week low of $43.54 and a 52 week high of $58.62. The firm’s 50-day moving average price is $56.64 and its 200-day moving average price is $53.22. The stock has a market capitalization of $9.10 billion, a PE ratio of 26.40 and a beta of 1.33.

SEI Investments (NASDAQ:SEIC) last released its quarterly earnings data on Wednesday, July 26th. The asset manager reported $0.57 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.55 by $0.02. The business had revenue of $372.30 million during the quarter, compared to analyst estimates of $369.88 million. SEI Investments had a net margin of 24.44% and a return on equity of 26.60%. SEI Investments’s quarterly revenue was up 8.3% compared to the same quarter last year. During the same quarter in the previous year, the business earned $0.49 EPS. On average, analysts anticipate that SEI Investments Company will post $2.28 earnings per share for the current year.

SEI Investments 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.

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

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