BB&T Investment Services Inc. acquired a new stake in SEI Investments Company (NASDAQ:SEIC) in the second quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor acquired 8,785 shares of the asset manager’s stock, valued at approximately $474,000.
Other large investors have also made changes to their positions in the company. JPMorgan Chase & Co. grew its stake in SEI Investments by 32.2% in the 1st quarter. JPMorgan Chase & Co. now owns 320,687 shares of the asset manager’s stock valued at $16,176,000 after purchasing an additional 78,158 shares during the period. Confluence Investment Management LLC grew its stake in SEI Investments by 4.2% in the 2nd quarter. Confluence Investment Management LLC now owns 268,543 shares of the asset manager’s stock valued at $14,442,000 after purchasing an additional 10,744 shares during the period. UBS Asset Management Americas Inc. grew its stake in SEI Investments by 2.5% in the 1st quarter. UBS Asset Management Americas Inc. now owns 702,422 shares of the asset manager’s stock valued at $35,430,000 after purchasing an additional 17,422 shares during the period. Sumitomo Mitsui Trust Holdings Inc. grew its stake in SEI Investments by 1.6% in the 2nd quarter. Sumitomo Mitsui Trust Holdings Inc. now owns 396,776 shares of the asset manager’s stock valued at $21,339,000 after purchasing an additional 6,325 shares during the period. Finally, Wedbush Securities Inc. bought a new position in SEI Investments in the 2nd quarter valued at $208,000. Hedge funds and other institutional investors own 68.65% of the company’s stock.
In related news, Director William Doran sold 10,000 shares of SEI Investments stock in a transaction on Wednesday, August 30th. The stock was sold at an average price of $57.49, for a total value of $574,900.00. Following the completion of the sale, the director now owns 671,015 shares of the company’s stock, valued at $38,576,652.35. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, insider N Jeffrey Klauder sold 30,000 shares of SEI Investments stock in a transaction on Tuesday, August 1st. The stock was sold at an average price of $56.35, for a total value of $1,690,500.00. Following the completion of the sale, the insider now directly owns 82,194 shares of the company’s stock, valued at approximately $4,631,631.90. The disclosure for this sale can be found here. Insiders sold 325,000 shares of company stock valued at $18,540,250 in the last ninety days. 16.50% of the stock is currently owned by corporate insiders.
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Shares of SEI Investments Company (SEIC) traded up 0.50% on Thursday, hitting $63.87. The stock had a trading volume of 62,369 shares. The stock has a market cap of $10.10 billion, a PE ratio of 29.28 and a beta of 1.35. SEI Investments Company has a 12 month low of $43.54 and a 12 month high of $63.95. The stock has a 50 day moving average of $59.17 and a 200-day moving average of $54.50.
SEI Investments (NASDAQ:SEIC) last issued its quarterly earnings data on Wednesday, July 26th. The asset manager reported $0.57 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.55 by $0.02. SEI Investments had a return on equity of 26.60% and a net margin of 24.44%. The company had revenue of $372.30 million during the quarter, compared to analyst estimates of $369.88 million. During the same quarter in the previous year, the company posted $0.49 earnings per share. SEI Investments’s revenue was up 8.3% compared to the same quarter last year. Equities research analysts anticipate that SEI Investments Company will post $2.28 EPS for the current year.
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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