Robeco Institutional Asset Management B.V. Sells 24,920 Shares of SEI Investments Company $SEIC

Key Points

• Robeco Institutional Asset Management B.V. sold 24,920 shares of SEI Investments Company, reducing its stake by 24.4%, and now holds approximately 0.06% of the company, valued at $6.93 million.
• Several institutional investors have also adjusted their holdings, with Janney Montgomery Scott LLC increasing its position by over 5,000% in the second quarter, now owning 135,511 shares valued at $12.18 million.
• SEI Investments reported a 7.8% year-over-year revenue increase to $559.60 million and earnings per share of $1.78, exceeding analyst estimates by $0.60.

Robeco Institutional Asset Management B.V. decreased its position in SEI Investments Company (NASDAQ:SEIC - Free Report) by 24.4% during the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 77,185 shares of the asset manager's stock after selling 24,920 shares during the period. Robeco Institutional Asset Management B.V. owned approximately 0.06% of SEI Investments worth $6,936,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also bought and sold shares of the company. Institute for Wealth Management LLC. purchased a new position in SEI Investments in the second quarter worth about $268,000. Janney Montgomery Scott LLC raised its holdings in SEI Investments by 5,005.9% in the 2nd quarter. Janney Montgomery Scott LLC now owns 135,511 shares of the asset manager's stock worth $12,177,000 after acquiring an additional 132,857 shares during the last quarter. Genesis Private Wealth LLC bought a new position in SEI Investments in the 2nd quarter valued at approximately $201,000. Avior Wealth Management LLC boosted its stake in SEI Investments by 32.9% during the 2nd quarter. Avior Wealth Management LLC now owns 7,384 shares of the asset manager's stock valued at $664,000 after purchasing an additional 1,828 shares during the last quarter. Finally, Kathmere Capital Management LLC bought a new stake in shares of SEI Investments in the 2nd quarter worth $6,652,000. 70.59% of the stock is currently owned by institutional investors.

Insiders Place Their Bets

In other SEI Investments news, Director Kathryn Mccarthy sold 10,000 shares of the stock in a transaction dated Monday, September 29th. The shares were sold at an average price of $85.66, for a total transaction of $856,600.00. Following the completion of the transaction, the director owned 75,641 shares of the company's stock, valued at $6,479,408.06. This represents a 11.68% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, CEO Ryan Hicke sold 35,000 shares of the firm's stock in a transaction dated Tuesday, August 19th. The shares were sold at an average price of $88.30, for a total value of $3,090,500.00. Following the transaction, the chief executive officer owned 171,260 shares of the company's stock, valued at approximately $15,122,258. The trade was a 16.97% decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 60,000 shares of company stock valued at $5,254,950. 14.60% of the stock is owned by company insiders.

Analyst Ratings Changes

A number of research analysts have recently issued reports on SEIC shares. Keefe, Bruyette & Woods reaffirmed a "market perform" rating and set a $98.00 price target (down from $100.00) on shares of SEI Investments in a report on Thursday, July 24th. Morgan Stanley upped their target price 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. Zacks Research lowered shares of SEI Investments from a "strong-buy" rating to a "hold" rating in a research note on Monday, September 1st. Oppenheimer increased their price objective on shares of SEI Investments from $96.00 to $101.00 and gave the company an "outperform" rating in a research report on Tuesday, July 8th. Finally, Raymond James Financial raised their target price on shares of SEI Investments from $115.00 to $118.00 and gave the stock an "outperform" rating in a report on Thursday, July 24th. Four investment analysts have rated the stock with a Buy rating and four have assigned a Hold rating to the company's stock. Based on data from MarketBeat, the company presently has a consensus rating of "Moderate Buy" and a consensus target price of $105.00.

SEI Investments Stock Performance

Shares of SEIC stock opened at $85.62 on Monday. The stock has a fifty day simple moving average of $87.50 and a two-hundred day simple moving average of $84.19. The firm has a market capitalization of $10.58 billion, a PE ratio of 16.06, a PEG ratio of 1.30 and a beta of 0.96. 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 released its quarterly earnings data 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 analyst estimates of $550.72 million. During the same quarter in the prior year, the company posted $1.05 earnings per share. The business's quarterly revenue was up 7.8% compared to the same quarter last year. On average, sell-side analysts forecast that SEI Investments Company will post 4.86 EPS for the current fiscal year.

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.

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