MetLife Investment Advisors LLC acquired a new stake in shares of SEI Investments (NASDAQ:SEIC) in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm acquired 82,697 shares of the asset manager’s stock, valued at approximately $5,943,000. MetLife Investment Advisors LLC owned about 0.05% of SEI Investments as of its most recent SEC filing.
A number of other hedge funds have also added to or reduced their stakes in the business. CIBC Asset Management Inc lifted its position in SEI Investments by 11.5% during the fourth quarter. CIBC Asset Management Inc now owns 7,091 shares of the asset manager’s stock valued at $510,000 after purchasing an additional 734 shares during the last quarter. Meadow Creek Investment Management LLC lifted its position in SEI Investments by 10.7% during the fourth quarter. Meadow Creek Investment Management LLC now owns 7,936 shares of the asset manager’s stock valued at $570,000 after purchasing an additional 768 shares during the last quarter. Profund Advisors LLC lifted its position in SEI Investments by 6.3% during the fourth quarter. Profund Advisors LLC now owns 15,860 shares of the asset manager’s stock valued at $1,140,000 after purchasing an additional 941 shares during the last quarter. Advisor Group Inc. lifted its position in SEI Investments by 8.4% during the fourth quarter. Advisor Group Inc. now owns 13,438 shares of the asset manager’s stock valued at $966,000 after purchasing an additional 1,044 shares during the last quarter. Finally, BB&T Securities LLC lifted its position in SEI Investments by 5.0% during the fourth quarter. BB&T Securities LLC now owns 25,846 shares of the asset manager’s stock valued at $1,857,000 after purchasing an additional 1,227 shares during the last quarter. Institutional investors and hedge funds own 70.50% of the company’s stock.
Several equities research analysts have recently weighed in on the stock. BidaskClub raised shares of SEI Investments from a “buy” rating to a “strong-buy” rating in a research note on Thursday. Zacks Investment Research downgraded shares of SEI Investments from a “buy” rating to a “hold” rating in a research note on Tuesday, March 6th. Finally, Oppenheimer reissued a “buy” rating and issued a $80.00 target price on shares of SEI Investments in a research note on Thursday, February 1st. Three equities research analysts have rated the stock with a hold rating, two have assigned a buy rating and one has assigned a strong buy rating to the stock. The stock currently has an average rating of “Buy” and an average target price of $73.50.
In related news, EVP N Jeffrey Klauder purchased 3,637 shares of SEI Investments stock in a transaction that occurred on Tuesday, March 13th. The shares were bought at an average price of $23.86 per share, with a total value of $86,778.82. Following the purchase, the executive vice president now directly owns 45,831 shares of the company’s stock, valued at approximately $1,093,527.66. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, EVP Stephen Meyer sold 4,524 shares of the firm’s stock in a transaction dated Wednesday, March 21st. The stock was sold at an average price of $77.59, for a total transaction of $351,017.16. Following the completion of the transaction, the executive vice president now directly owns 97,748 shares in the company, valued at approximately $7,584,267.32. The disclosure for this sale can be found here. Insiders sold a total of 95,348 shares of company stock worth $7,115,112 in the last ninety days. 16.50% of the stock is currently owned by insiders.
Shares of SEIC stock opened at $72.61 on Friday. SEI Investments has a 12 month low of $49.26 and a 12 month high of $78.35. The firm has a market cap of $11,794.30, a price-to-earnings ratio of 29.04, a PEG ratio of 1.93 and a beta of 1.28. The company has a quick ratio of 4.07, a current ratio of 4.14 and a debt-to-equity ratio of 0.02.
SEI Investments (NASDAQ:SEIC) last announced its earnings results on Wednesday, January 31st. The asset manager reported $0.75 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.60 by $0.15. SEI Investments had a net margin of 26.49% and a return on equity of 26.74%. The business had revenue of $408.22 million for the quarter, compared to the consensus estimate of $397.96 million. During the same quarter in the prior year, the firm posted $0.55 earnings per share. The business’s revenue for the quarter was up 10.7% on a year-over-year basis. sell-side analysts expect that SEI Investments will post 3.24 EPS for the current year.
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About SEI Investments
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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