Toroso Investments LLC trimmed its stake in SEI Investments (NASDAQ:SEIC – Get Rating) by 11.2% in the third quarter, according to the company in its most recent disclosure with the SEC. The firm owned 24,048 shares of the asset manager’s stock after selling 3,046 shares during the quarter. Toroso Investments LLC’s holdings in SEI Investments were worth $1,180,000 as of its most recent filing with the SEC.
Other institutional investors and hedge funds have also recently bought and sold shares of the company. Private Trust Co. NA purchased a new position in shares of SEI Investments in the 2nd quarter worth about $39,000. Wipfli Financial Advisors LLC purchased a new position in SEI Investments in the third quarter valued at approximately $40,000. Bessemer Group Inc. lifted its position in SEI Investments by 790.8% during the third quarter. Bessemer Group Inc. now owns 1,158 shares of the asset manager’s stock valued at $57,000 after buying an additional 1,028 shares in the last quarter. Group One Trading L.P. purchased a new stake in SEI Investments during the second quarter worth approximately $88,000. Finally, Twin Tree Management LP grew its stake in SEI Investments by 103.7% during the third quarter. Twin Tree Management LP now owns 1,869 shares of the asset manager’s stock worth $92,000 after buying an additional 52,176 shares during the period. Institutional investors and hedge funds own 69.45% of the company’s stock.
Insider Transactions at SEI Investments
In other news, Director Sarah Blumenstein sold 10,546 shares of the stock in a transaction dated Tuesday, February 21st. The shares were sold at an average price of $60.22, for a total transaction of $635,080.12. Following the transaction, the director now owns 6,447 shares of the company’s stock, valued at $388,238.34. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. In other SEI Investments news, EVP Sanjay Sharma sold 9,000 shares of SEI Investments stock in a transaction on Thursday, February 2nd. The shares were sold at an average price of $64.14, for a total value of $577,260.00. Following the completion of the transaction, the executive vice president now owns 5,165 shares of the company’s stock, valued at $331,283.10. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, Director Sarah Blumenstein sold 10,546 shares of the business’s stock in a transaction on Tuesday, February 21st. The shares were sold at an average price of $60.22, for a total transaction of $635,080.12. Following the sale, the director now owns 6,447 shares of the company’s stock, valued at approximately $388,238.34. The disclosure for this sale can be found here. In the last 90 days, insiders sold 127,502 shares of company stock valued at $7,969,453. Insiders own 25.40% of the company’s stock.
SEI Investments Stock Down 0.8 %
SEI Investments (NASDAQ:SEIC – Get Rating) last issued its quarterly earnings results on Wednesday, January 25th. The asset manager reported $0.83 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.79 by $0.04. SEI Investments had a net margin of 23.88% and a return on equity of 26.69%. The business had revenue of $456.59 million during the quarter, compared to analyst estimates of $456.18 million. During the same quarter in the previous year, the firm earned $1.03 earnings per share. The business’s revenue was down 9.0% compared to the same quarter last year. As a group, sell-side analysts anticipate that SEI Investments will post 3.49 EPS for the current year.
Analyst Upgrades and Downgrades
Several analysts recently issued reports on SEIC shares. Morgan Stanley increased their price target on SEI Investments from $53.00 to $54.00 and gave the company an “underweight” rating in a report on Wednesday, February 1st. Oppenheimer upped their price target on SEI Investments from $65.00 to $68.00 and gave the stock an “outperform” rating in a report on Thursday, January 26th. StockNews.com began coverage on shares of SEI Investments in a research report on Thursday. They set a “hold” rating on the stock. Finally, The Goldman Sachs Group lifted their price target on shares of SEI Investments from $56.00 to $63.00 and gave the stock a “neutral” rating in a research note on Wednesday, November 23rd. One analyst has rated the stock with a sell rating, two have assigned a hold rating and two have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, the company presently has an average rating of “Hold” and an average price target of $60.20.
SEI Investments Company Profile
SEI Investments Co engages in the provision of investment processing, investment management and investment operations platforms. It operates through the following business segments: Private Banks, Investment Advisors, Institutional Investors, Investment Managers, and Investments in New Businesses. The Private Banks segment provides outsourced investment processing and investment management platforms to banks and trust institutions, independent wealth advisers and financial advisors worldwide.
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