UBS Asset Management Americas Inc. Cuts Stock Position in SEI Investments (NASDAQ:SEIC)

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UBS Asset Management Americas Inc. lowered its stake in SEI Investments (NASDAQ:SEIC) by 3.2% during the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 592,064 shares of the asset manager’s stock after selling 19,885 shares during the period. UBS Asset Management Americas Inc.’s holdings in SEI Investments were worth $38,768,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors also recently bought and sold shares of the company. Barnett & Company Inc. grew its stake in shares of SEI Investments by 2,764.7% in the 4th quarter. Barnett & Company Inc. now owns 487 shares of the asset manager’s stock worth $32,000 after buying an additional 470 shares during the last quarter. NEXT Financial Group Inc grew its stake in shares of SEI Investments by 409.4% in the 4th quarter. NEXT Financial Group Inc now owns 871 shares of the asset manager’s stock worth $58,000 after buying an additional 700 shares during the last quarter. Chevy Chase Trust Holdings Inc. purchased a new stake in shares of SEI Investments in the 4th quarter worth approximately $85,000. Acadian Asset Management LLC grew its stake in shares of SEI Investments by 82.2% in the 4th quarter. Acadian Asset Management LLC now owns 1,403 shares of the asset manager’s stock worth $92,000 after buying an additional 633 shares during the last quarter. Finally, Leisure Capital Management purchased a new stake in shares of SEI Investments in the 4th quarter worth approximately $201,000. Institutional investors own 74.44% of the company’s stock.

SEIC traded up $4.04 during trading on Thursday, hitting $45.84. 894,988 shares of the company’s stock traded hands, compared to its average volume of 764,020. The company’s 50 day simple moving average is $57.66 and its two-hundred day simple moving average is $61.32. The company has a current ratio of 4.44, a quick ratio of 4.33 and a debt-to-equity ratio of 0.02. SEI Investments has a 12-month low of $35.40 and a 12-month high of $69.61. The stock has a market capitalization of $6.27 billion, a price-to-earnings ratio of 14.10, a PEG ratio of 1.03 and a beta of 1.40.

SEI Investments (NASDAQ:SEIC) last issued its earnings results on Wednesday, January 29th. The asset manager reported $0.84 EPS for the quarter, missing the consensus estimate of $0.85 by ($0.01). SEI Investments had a net margin of 30.39% and a return on equity of 29.88%. The business had revenue of $423.23 million for the quarter, compared to analysts’ expectations of $421.50 million. During the same quarter in the prior year, the business posted $0.73 earnings per share. The business’s revenue for the quarter was up 4.5% on a year-over-year basis. On average, equities analysts expect that SEI Investments will post 3.32 EPS for the current year.

In other SEI Investments news, major shareholder Alfred P. West, Jr. sold 122,411 shares of the stock in a transaction on Thursday, February 27th. The stock was sold at an average price of $60.89, for a total transaction of $7,453,605.79. Following the sale, the insider now directly owns 9,581,977 shares in the company, valued at approximately $583,446,579.53. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, major shareholder Alfred P. West, Jr. sold 11,587 shares of the stock in a transaction on Monday, February 24th. The shares were sold at an average price of $66.43, for a total value of $769,724.41. Following the sale, the insider now owns 9,760,390 shares in the company, valued at $648,382,707.70. The disclosure for this sale can be found here. Company insiders own 22.60% of the company’s stock.

SEIC has been the topic of several recent research reports. BidaskClub downgraded SEI Investments from a “sell” rating to a “strong sell” rating in a research note on Saturday, March 21st. ValuEngine upgraded SEI Investments from a “sell” rating to a “hold” rating in a research note on Tuesday, March 17th. Finally, TheStreet downgraded SEI Investments from a “b-” rating to a “c” rating in a research note on Tuesday. One analyst has rated the stock with a sell rating and four have given a hold rating to the stock. The company currently has an average rating of “Hold” and an average price target of $65.67.

SEI Investments Company Profile

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

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