Creative Planning Buys 7,115 Shares of SEI Investments Company $SEIC

Creative Planning increased its stake in SEI Investments Company (NASDAQ:SEIC) by 82.6% in the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 15,724 shares of the asset manager’s stock after buying an additional 7,115 shares during the quarter. Creative Planning’s holdings in SEI Investments were worth $1,413,000 as of its most recent SEC filing.

Other institutional investors have also added to or reduced their stakes in the company. Addison Advisors LLC lifted its stake in SEI Investments by 117.6% in the second quarter. Addison Advisors LLC now owns 457 shares of the asset manager’s stock valued at $41,000 after acquiring an additional 247 shares during the last quarter. Geneos Wealth Management Inc. raised its holdings in shares of SEI Investments by 60.2% in the 1st quarter. Geneos Wealth Management Inc. now owns 532 shares of the asset manager’s stock valued at $41,000 after purchasing an additional 200 shares during the period. Harbor Capital Advisors Inc. acquired a new stake in SEI Investments in the 2nd quarter valued at about $45,000. Thurston Springer Miller Herd & Titak Inc. grew its holdings in SEI Investments by 252.1% during the second quarter. Thurston Springer Miller Herd & Titak Inc. now owns 507 shares of the asset manager’s stock worth $46,000 after purchasing an additional 363 shares during the period. Finally, Fifth Third Bancorp grew its holdings in SEI Investments by 12.0% during the second quarter. Fifth Third Bancorp now owns 1,315 shares of the asset manager’s stock worth $118,000 after purchasing an additional 141 shares during the period. 70.59% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity at SEI Investments

In other news, Director Kathryn Mccarthy sold 10,000 shares of SEI Investments stock in a transaction that occurred on Monday, September 29th. The shares were sold at an average price of $85.66, for a total value of $856,600.00. Following the completion of the sale, the director directly owned 75,641 shares in the company, valued at approximately $6,479,408.06. The trade was a 11.68% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, Director Carl Guarino sold 10,000 shares of the stock in a transaction that occurred on Tuesday, September 23rd. The stock was sold at an average price of $86.41, for a total value of $864,100.00. Following the sale, the director directly owned 16,042 shares in the company, valued at $1,386,189.22. This represents a 38.40% decrease in their position. The SEC filing for this sale provides additional information. 14.60% of the stock is currently owned by company insiders.

SEI Investments Stock Up 0.0%

SEIC opened at $80.87 on Friday. The stock has a fifty day moving average of $82.42 and a 200-day moving average of $85.85. The company has a market capitalization of $9.90 billion, a P/E ratio of 14.86, a P/E/G ratio of 1.22 and a beta of 0.96. SEI Investments Company has a fifty-two week low of $64.66 and a fifty-two week high of $93.96. The company has a debt-to-equity ratio of 0.04, a quick ratio of 5.62 and a current ratio of 5.73.

SEI Investments (NASDAQ:SEIC) last released its quarterly earnings results on Wednesday, October 22nd. The asset manager reported $1.30 EPS for the quarter, beating the consensus estimate of $1.25 by $0.05. SEI Investments had a net margin of 31.09% and a return on equity of 30.21%. The business had revenue of $578.51 million for the quarter, compared to the consensus estimate of $578.75 million. During the same period in the prior year, the company posted $1.19 earnings per share. SEI Investments’s revenue was up 7.6% compared to the same quarter last year. On average, equities analysts expect that SEI Investments Company will post 4.86 EPS for the current year.

SEI Investments declared that its board has approved a share buyback plan on Friday, October 24th that authorizes the company to repurchase $650.00 million in shares. This repurchase authorization authorizes the asset manager to buy up to 6.4% of its shares through open market purchases. Shares repurchase plans are typically an indication that the company’s leadership believes its shares are undervalued.

Analyst Ratings Changes

Several analysts have issued reports on the company. Raymond James Financial upped their price objective on SEI Investments from $118.00 to $120.00 and gave the company an “outperform” rating in a research note on Tuesday, October 14th. Weiss Ratings reaffirmed a “buy (b)” rating on shares of SEI Investments in a report on Wednesday, October 8th. Morgan Stanley lifted their price objective on shares of SEI Investments from $105.00 to $115.00 and gave the stock an “overweight” rating in a research report on Friday, September 19th. Zacks Research lowered shares of SEI Investments from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, November 11th. Finally, Keefe, Bruyette & Woods cut their target price on shares of SEI Investments from $98.00 to $93.00 and set a “market perform” rating for the company in a research note on Monday, October 13th. Four equities research analysts have rated the stock with a Buy rating and four have issued a Hold rating to the stock. According to data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $104.40.

SEI Investments 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.