Allianz Asset Management GmbH Has $12.93 Million Stock Holdings in SEI Investments Company $SEIC

Allianz Asset Management GmbH lowered its stake in SEI Investments Company (NASDAQ:SEIC - Free Report) by 25.8% during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 143,855 shares of the asset manager's stock after selling 49,898 shares during the period. Allianz Asset Management GmbH owned 0.12% of SEI Investments worth $12,927,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Bison Wealth LLC acquired a new stake in shares of SEI Investments during the 4th quarter valued at $207,000. GAMMA Investing LLC raised its position in SEI Investments by 24.5% in the first quarter. GAMMA Investing LLC now owns 6,061 shares of the asset manager's stock valued at $471,000 after purchasing an additional 1,192 shares during the last quarter. Wealth Enhancement Advisory Services LLC raised its position in SEI Investments by 41.6% in the first quarter. Wealth Enhancement Advisory Services LLC now owns 21,301 shares of the asset manager's stock valued at $1,654,000 after purchasing an additional 6,261 shares during the last quarter. Janney Montgomery Scott LLC acquired a new stake in shares of SEI Investments during the first quarter valued at about $206,000. Finally, Envestnet Portfolio Solutions Inc. boosted its stake in shares of SEI Investments by 4.4% during the first quarter. Envestnet Portfolio Solutions Inc. now owns 11,603 shares of the asset manager's stock valued at $901,000 after purchasing an additional 484 shares in the last quarter. Institutional investors own 70.59% of the company's stock.

SEI Investments Stock Up 1.1%

Shares of NASDAQ SEIC opened at $81.69 on Tuesday. The company has a market capitalization of $10.10 billion, a PE ratio of 15.33, a P/E/G ratio of 1.22 and a beta of 0.96. SEI Investments Company has a twelve month low of $64.66 and a twelve month high of $93.96. The firm has a fifty day simple moving average of $86.40 and a 200 day simple moving average of $84.69.

SEI Investments (NASDAQ:SEIC - Get Free Report) last issued its quarterly earnings results on Wednesday, July 23rd. The asset manager reported $1.78 earnings per share for the quarter, topping analysts' consensus estimates of $1.18 by $0.60. SEI Investments had a return on equity of 29.96% and a net margin of 31.25%.The firm had revenue of $559.60 million during the quarter, compared to the consensus estimate of $550.72 million. During the same period last year, the business posted $1.05 EPS. The business's revenue was up 7.8% compared to the same quarter last year. As a group, equities analysts expect that SEI Investments Company will post 4.86 earnings per share for the current fiscal year.

Insiders Place Their Bets

In other news, insider Mark Andrew Warner sold 5,000 shares of SEI Investments stock in a transaction on Tuesday, July 29th. The shares were sold at an average price of $88.75, for a total value of $443,750.00. Following the completion of the sale, the insider owned 1,300 shares in the company, valued at $115,375. The trade was a 79.37% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Also, CEO Ryan Hicke sold 35,000 shares of the business's stock in a transaction on Tuesday, August 19th. The shares were sold at an average price of $88.30, for a total transaction of $3,090,500.00. Following the transaction, the chief executive officer owned 171,260 shares in the company, valued at $15,122,258. The trade was a 16.97% decrease in their position. The disclosure for this sale can be found here. In the last three months, insiders have sold 60,000 shares of company stock valued at $5,254,950. Company insiders own 14.30% of the company's stock.

Wall Street Analysts Forecast Growth

A number of research analysts recently issued reports on the stock. Keefe, Bruyette & Woods dropped their price objective on shares of SEI Investments from $98.00 to $93.00 and set a "market perform" rating for the company in a report on Monday, October 13th. Morgan Stanley raised their price target on shares of SEI Investments from $105.00 to $115.00 and gave the company an "overweight" rating in a research note on Friday, September 19th. Raymond James Financial boosted their price objective on shares of SEI Investments from $118.00 to $120.00 and gave the stock an "outperform" rating in a research note on Tuesday, October 14th. Oppenheimer raised their target price on SEI Investments from $96.00 to $101.00 and gave the stock an "outperform" rating in a research report on Tuesday, July 8th. Finally, Zacks Research upgraded SEI Investments from a "hold" rating to a "strong-buy" rating in a research report on Monday, October 13th. One investment analyst has rated the stock with a Strong Buy rating, four have issued a Buy rating and three have assigned a Hold rating to the stock. According to MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and an average price target of $104.40.

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.

Want to see what other hedge funds are holding SEIC? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for SEI Investments Company (NASDAQ:SEIC - Free Report).

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.