6,920 Shares in SEI Investments (NASDAQ:SEIC) Bought by AdvisorShares Investments LLC

AdvisorShares Investments LLC purchased a new stake in SEI Investments (NASDAQ:SEIC - Free Report) in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor purchased 6,920 shares of the asset manager's stock, valued at approximately $571,000.

Other hedge funds have also recently bought and sold shares of the company. Geode Capital Management LLC lifted its position in shares of SEI Investments by 2.4% during the fourth quarter. Geode Capital Management LLC now owns 2,580,737 shares of the asset manager's stock valued at $212,589,000 after purchasing an additional 60,307 shares in the last quarter. Boston Trust Walden Corp increased its stake in SEI Investments by 1.6% in the 4th quarter. Boston Trust Walden Corp now owns 1,306,329 shares of the asset manager's stock valued at $107,746,000 after buying an additional 20,020 shares during the last quarter. FMR LLC boosted its stake in shares of SEI Investments by 39.3% in the 4th quarter. FMR LLC now owns 1,233,225 shares of the asset manager's stock worth $101,716,000 after buying an additional 348,112 shares during the last quarter. Bank of New York Mellon Corp grew its holdings in shares of SEI Investments by 4.1% in the fourth quarter. Bank of New York Mellon Corp now owns 1,171,743 shares of the asset manager's stock valued at $96,645,000 after acquiring an additional 46,425 shares in the last quarter. Finally, Northern Trust Corp grew its holdings in shares of SEI Investments by 20.9% in the fourth quarter. Northern Trust Corp now owns 1,068,181 shares of the asset manager's stock valued at $88,104,000 after acquiring an additional 184,339 shares in the last quarter. 70.59% of the stock is owned by hedge funds and other institutional investors.

Insider Buying and Selling

In other news, Chairman Alfred P. West, Jr. sold 1,372 shares of SEI Investments stock in a transaction dated Wednesday, March 5th. The stock was sold at an average price of $76.28, for a total transaction of $104,656.16. Following the completion of the sale, the chairman now owns 7,078,708 shares in the company, valued at approximately $539,963,846.24. This trade represents a 0.02 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, insider Mark Andrew Warner sold 5,000 shares of the business's stock in a transaction that occurred on Monday, March 3rd. The stock was sold at an average price of $80.39, for a total transaction of $401,950.00. Following the completion of the transaction, the insider now directly owns 1,300 shares of the company's stock, valued at approximately $104,507. This represents a 79.37 % decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 79,214 shares of company stock valued at $6,293,903. Company insiders own 14.30% of the company's stock.

Analyst Ratings Changes

Several research firms have weighed in on SEIC. Keefe, Bruyette & Woods boosted their price objective on SEI Investments from $80.00 to $84.00 and gave the stock a "market perform" rating in a research report on Friday, April 25th. Morgan Stanley reissued an "overweight" rating and issued a $82.00 price target (up from $77.00) on shares of SEI Investments in a report on Thursday, April 24th. William Blair restated a "market perform" rating on shares of SEI Investments in a report on Thursday, April 24th. Raymond James raised shares of SEI Investments from a "market perform" rating to an "outperform" rating and set a $99.00 price objective on the stock in a research report on Thursday, January 30th. Finally, StockNews.com downgraded shares of SEI Investments from a "buy" rating to a "hold" rating in a research report on Friday. Four research analysts have rated the stock with a hold rating and three have assigned a buy rating to the company's stock. According to data from MarketBeat.com, SEI Investments currently has an average rating of "Hold" and a consensus target price of $87.60.

SEI Investments Stock Performance

NASDAQ SEIC traded up $1.75 during trading on Friday, hitting $79.99. 895,440 shares of the company's stock traded hands, compared to its average volume of 655,461. The stock has a market capitalization of $9.96 billion, a price-to-earnings ratio of 18.10, a PEG ratio of 1.41 and a beta of 0.90. SEI Investments has a 12-month low of $62.38 and a 12-month high of $87.25. The business has a 50 day moving average of $74.98 and a 200-day moving average of $79.13.

SEI Investments (NASDAQ:SEIC - Get Free Report) last released its quarterly earnings data on Wednesday, April 23rd. The asset manager reported $1.17 earnings per share for the quarter, beating analysts' consensus estimates of $1.12 by $0.05. The business had revenue of $551.34 million during the quarter, compared to analyst estimates of $556.76 million. SEI Investments had a net margin of 27.35% and a return on equity of 25.51%. SEI Investments's revenue was up 7.8% compared to the same quarter last year. During the same period in the previous year, the business earned $0.99 EPS. On average, analysts expect that SEI Investments will post 4.86 EPS for the current year.

SEI Investments announced that its board has authorized a stock repurchase program on Tuesday, March 18th that allows the company to repurchase $500.00 million in shares. This repurchase authorization allows the asset manager to repurchase up to 5.3% of its shares through open market purchases. Shares repurchase programs are usually a sign that the company's leadership believes its stock is undervalued.

About SEI Investments

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.