SEI Investments (NASDAQ:SEIC) Shares Bought by Baird Financial Group Inc.

Baird Financial Group Inc. grew its holdings in shares of SEI Investments (NASDAQ:SEICGet Rating) by 2.1% during the second quarter, according to its most recent Form 13F filing with the SEC. The firm owned 15,728 shares of the asset manager’s stock after purchasing an additional 318 shares during the period. Baird Financial Group Inc.’s holdings in SEI Investments were worth $850,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds also recently modified their holdings of the business. TownSquare Capital LLC grew its position in shares of SEI Investments by 63.4% during the second quarter. TownSquare Capital LLC now owns 11,549 shares of the asset manager’s stock worth $624,000 after acquiring an additional 4,483 shares during the last quarter. Texas Permanent School Fund grew its position in shares of SEI Investments by 1.2% during the second quarter. Texas Permanent School Fund now owns 75,506 shares of the asset manager’s stock worth $4,079,000 after acquiring an additional 909 shares during the last quarter. Y Intercept Hong Kong Ltd bought a new position in shares of SEI Investments during the second quarter worth about $212,000. Meeder Asset Management Inc. grew its position in shares of SEI Investments by 470.4% during the second quarter. Meeder Asset Management Inc. now owns 4,221 shares of the asset manager’s stock worth $228,000 after acquiring an additional 3,481 shares during the last quarter. Finally, M&T Bank Corp grew its position in shares of SEI Investments by 7.2% during the second quarter. M&T Bank Corp now owns 16,581 shares of the asset manager’s stock worth $792,000 after acquiring an additional 1,111 shares during the last quarter. 70.50% of the stock is owned by institutional investors and hedge funds.

SEI Investments Trading Up 0.2 %

Shares of NASDAQ SEIC opened at $60.90 on Monday. SEI Investments has a twelve month low of $46.30 and a twelve month high of $64.36. The company has a market capitalization of $8.21 billion, a price-to-earnings ratio of 16.68, a PEG ratio of 1.36 and a beta of 0.99. The firm has a 50-day moving average of $52.91 and a two-hundred day moving average of $54.38.

Insider Buying and Selling at SEI Investments

In other SEI Investments news, major shareholder Alfred P. West, Jr. sold 83,386 shares of the company’s stock in a transaction dated Thursday, September 15th. The shares were sold at an average price of $55.07, for a total value of $4,592,067.02. Following the completion of the sale, the insider now directly owns 9,136,792 shares of the company’s stock, valued at approximately $503,163,135.44. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. In other SEI Investments news, EVP Wayne Withrow sold 15,000 shares of the company’s stock in a transaction dated Tuesday, November 1st. The shares were sold at an average price of $54.51, for a total transaction of $817,650.00. Following the completion of the sale, the executive vice president now directly owns 38,799 shares of the company’s stock, valued at $2,114,933.49. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Also, major shareholder Alfred P. West, Jr. sold 83,386 shares of the company’s stock in a transaction dated Thursday, September 15th. The shares were sold at an average price of $55.07, for a total transaction of $4,592,067.02. Following the sale, the insider now directly owns 9,136,792 shares of the company’s stock, valued at $503,163,135.44. The disclosure for this sale can be found here. 25.40% of the stock is owned by corporate insiders.

Analyst Ratings Changes

Several equities analysts have recently commented on the stock. StockNews.com assumed coverage on shares of SEI Investments in a research report on Wednesday, October 12th. They set a “hold” rating for the company. TheStreet upgraded shares of SEI Investments from a “c+” rating to a “b-” rating in a research report on Wednesday, November 16th. Morgan Stanley decreased their target price on shares of SEI Investments from $52.00 to $51.00 and set an “underweight” rating for the company in a research report on Tuesday, October 4th. William Blair reiterated a “mkt perform” rating on shares of SEI Investments in a research report on Monday, July 25th. Finally, Oppenheimer increased their target price on shares of SEI Investments from $59.00 to $67.00 and gave the company an “outperform” rating in a research report on Wednesday, November 16th. One research analyst has rated the stock with a sell rating, two have given a hold rating and two have assigned a buy rating to the company. Based on data from MarketBeat, the company has a consensus rating of “Hold” and a consensus price target of $58.40.

SEI Investments Profile

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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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