SEI Investments (NASDAQ:SEIC) Shares Sold by Toroso Investments LLC

Toroso Investments LLC reduced its stake in shares of SEI Investments (NASDAQ:SEIC – Get Rating) by 11.2% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor 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 at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Private Trust Co. NA acquired a new stake in shares of SEI Investments in the second quarter valued at approximately $39,000. Wipfli Financial Advisors LLC purchased a new position in SEI Investments during the 3rd quarter worth $40,000. Bessemer Group Inc. grew its position in SEI Investments by 790.8% during the 3rd quarter. Bessemer Group Inc. now owns 1,158 shares of the asset manager’s stock worth $57,000 after purchasing an additional 1,028 shares during the last quarter. Group One Trading L.P. acquired a new position in SEI Investments in the second quarter valued at $88,000. Finally, Twin Tree Management LP boosted its stake in shares of 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. 69.45% of the stock is owned by hedge funds and other institutional investors.

SEI Investments Stock Down 0.8 %

Shares of SEIC opened at $55.14 on Friday. The company has a market capitalization of $7.40 billion, a PE ratio of 15.98, a P/E/G ratio of 1.32 and a beta of 1.02. SEI Investments has a 52-week low of $46.30 and a 52-week high of $64.69. The company has a 50-day simple moving average of $60.85 and a 200-day simple moving average of $57.56.

SEI Investments (NASDAQ:SEIC – Get Rating) last posted its quarterly earnings results on Wednesday, January 25th. The asset manager reported $0.83 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.79 by $0.04. The company had revenue of $456.59 million during the quarter, compared to the consensus estimate of $456.18 million. SEI Investments had a net margin of 23.88% and a return on equity of 26.69%. The company’s revenue for the quarter was down 9.0% on a year-over-year basis. During the same period last year, the firm earned $1.03 EPS. On average, research analysts anticipate that SEI Investments will post 3.49 EPS for the current year.

Wall Street Analyst Weigh In

Several analysts have commented on SEIC shares. Oppenheimer upped their price objective on SEI Investments from $65.00 to $68.00 and gave the company an “outperform” rating in a research note on Thursday, January 26th. Morgan Stanley increased their price target on SEI Investments from $53.00 to $54.00 and gave the stock an “underweight” rating in a report on Wednesday, February 1st. The Goldman Sachs Group boosted their price objective on shares of SEI Investments from $56.00 to $63.00 and gave the company a “neutral” rating in a research note on Wednesday, November 23rd. Finally, StockNews.com began coverage on shares of SEI Investments in a research note on Thursday. They set a “hold” rating on the stock. One analyst has rated the stock with a sell rating, two have issued a hold rating and two have assigned a buy rating to the company. According to data from MarketBeat.com, SEI Investments currently has a consensus rating of “Hold” and a consensus target price of $60.20.

Insiders Place Their Bets

In other news, Director Sarah Blumenstein sold 10,546 shares of SEI Investments stock in a transaction on Tuesday, February 21st. The stock was sold at an average price of $60.22, for a total transaction of $635,080.12. Following the completion of the transaction, the director now owns 6,447 shares of the company’s stock, valued at approximately $388,238.34. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. In related news, EVP Sanjay Sharma sold 9,000 shares of the company’s stock in a transaction that occurred on Thursday, February 2nd. The stock was sold at an average price of $64.14, for a total value of $577,260.00. Following the sale, the executive vice president now owns 5,165 shares of the company’s stock, valued at approximately $331,283.10. The transaction was disclosed in a filing with the SEC, which is available through this link. Also, Director Sarah Blumenstein sold 10,546 shares of the firm’s stock in a transaction on Tuesday, February 21st. The stock was sold at an average price of $60.22, for a total value of $635,080.12. Following the transaction, the director now directly owns 6,447 shares of the company’s stock, valued at approximately $388,238.34. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 127,502 shares of company stock worth $7,969,453. 25.40% of the stock is owned by corporate insiders.

About SEI Investments

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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.