SEI Investments Company $SEIC Stock Holdings Decreased by AQR Capital Management LLC

AQR Capital Management LLC cut its holdings in SEI Investments Company (NASDAQ:SEIC - Free Report) by 3.2% during the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 406,249 shares of the asset manager's stock after selling 13,431 shares during the period. AQR Capital Management LLC owned about 0.33% of SEI Investments worth $31,041,000 as of its most recent SEC filing.

A number of other hedge funds have also made changes to their positions in SEIC. Bison Wealth LLC purchased a new stake in SEI Investments in the fourth quarter valued at $207,000. Ameriprise Financial Inc. increased its position in shares of SEI Investments by 24.5% during the fourth quarter. Ameriprise Financial Inc. now owns 475,792 shares of the asset manager's stock worth $39,246,000 after purchasing an additional 93,568 shares in the last quarter. Cetera Investment Advisers lifted its holdings in shares of SEI Investments by 5.8% in the 4th quarter. Cetera Investment Advisers now owns 5,218 shares of the asset manager's stock valued at $430,000 after purchasing an additional 285 shares during the last quarter. Focus Partners Wealth acquired a new stake in shares of SEI Investments in the fourth quarter valued at approximately $281,000. Finally, Graham Capital Management L.P. purchased a new position in SEI Investments during the 4th quarter worth $3,461,000. Hedge funds and other institutional investors own 70.59% of the company's stock.

Insiders Place Their Bets

In other SEI Investments news, insider Mark Andrew Warner sold 5,000 shares of the company's stock in a transaction dated 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 transaction, the insider directly owned 1,300 shares of the company's stock, valued at $115,375. This represents a 79.37% decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Also, CEO Ryan Hicke sold 35,000 shares of SEI Investments stock in a transaction dated Tuesday, August 19th. The stock was sold at an average price of $88.30, for a total value of $3,090,500.00. Following the sale, the chief executive officer directly owned 171,260 shares in the company, valued at approximately $15,122,258. The trade was a 16.97% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders own 14.60% of the company's stock.

SEI Investments Trading Down 1.1%

Shares of NASDAQ:SEIC traded down $0.93 on Friday, hitting $86.84. The company had a trading volume of 94,477 shares, compared to its average volume of 825,608. The company has a market cap of $10.74 billion, a PE ratio of 16.29, a PEG ratio of 1.32 and a beta of 0.98. The business has a 50 day moving average of $89.42 and a 200 day moving average of $83.02. SEI Investments Company has a 52-week low of $64.66 and a 52-week high of $93.96.

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

Wall Street Analyst Weigh In

Several research firms have commented on SEIC. Wall Street Zen raised SEI Investments from a "hold" rating to a "buy" rating in a research note on Tuesday, May 20th. Piper Sandler dropped their price target on shares of SEI Investments from $96.00 to $93.00 and set a "neutral" rating on the stock in a research note on Thursday, July 24th. Oppenheimer raised their price target on SEI Investments from $96.00 to $101.00 and gave the company an "outperform" rating in a report on Tuesday, July 8th. Morgan Stanley reissued an "overweight" rating and issued a $100.00 target price (up previously from $84.00) on shares of SEI Investments in a report on Thursday, June 26th. Finally, Raymond James Financial raised their price objective on shares of SEI Investments from $115.00 to $118.00 and gave the company an "outperform" rating in a research note on Thursday, July 24th. Three equities research analysts have rated the stock with a Buy rating and four have issued a Hold rating to the company. According to data from MarketBeat.com, the stock has a consensus rating of "Hold" and a consensus target price of $102.00.

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.