SEI Investments Company $SEIC Position Increased by Brandywine Global Investment Management LLC

Brandywine Global Investment Management LLC increased its stake in shares of SEI Investments Company (NASDAQ:SEIC) by 101.5% in the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 154,577 shares of the asset manager’s stock after buying an additional 77,854 shares during the quarter. Brandywine Global Investment Management LLC owned about 0.13% of SEI Investments worth $13,890,000 at the end of the most recent quarter.

Other institutional investors have also modified their holdings of the company. Cadence Bank grew its position in SEI Investments by 1.2% in the 1st quarter. Cadence Bank now owns 10,551 shares of the asset manager’s stock worth $819,000 after purchasing an additional 121 shares during the last quarter. Ethic Inc. grew its holdings in SEI Investments by 3.0% in the 2nd quarter. Ethic Inc. now owns 4,503 shares of the asset manager’s stock worth $403,000 after buying an additional 133 shares in the last quarter. Fifth Third Bancorp raised its stake in SEI Investments by 12.0% during the 2nd quarter. Fifth Third Bancorp now owns 1,315 shares of the asset manager’s stock valued at $118,000 after acquiring an additional 141 shares in the last quarter. Concurrent Investment Advisors LLC boosted its position in SEI Investments by 3.2% during the 2nd quarter. Concurrent Investment Advisors LLC now owns 5,779 shares of the asset manager’s stock worth $519,000 after acquiring an additional 179 shares during the period. Finally, Clark Capital Management Group Inc. grew its stake in shares of SEI Investments by 1.2% in the first quarter. Clark Capital Management Group Inc. now owns 15,195 shares of the asset manager’s stock worth $1,180,000 after purchasing an additional 183 shares in the last quarter. Institutional investors own 70.59% of the company’s stock.

Analyst Upgrades and Downgrades

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

Insider Activity at SEI Investments

In other SEI Investments news, Director Kathryn Mccarthy sold 10,000 shares of the business’s stock in a transaction on Monday, September 29th. The shares were sold at an average price of $85.66, for a total transaction of $856,600.00. Following the sale, the director directly owned 75,641 shares of the company’s stock, valued at $6,479,408.06. The trade was a 11.68% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director Carl Guarino sold 10,000 shares of the stock in a transaction on Tuesday, September 23rd. The shares were sold at an average price of $86.41, for a total value of $864,100.00. Following the completion of the sale, the director owned 16,042 shares of the company’s stock, valued at $1,386,189.22. The trade was a 38.40% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders own 14.60% of the company’s stock.

SEI Investments Price Performance

NASDAQ SEIC opened at $80.04 on Friday. The company has a current ratio of 5.73, a quick ratio of 5.62 and a debt-to-equity ratio of 0.04. SEI Investments Company has a 1 year low of $64.66 and a 1 year high of $93.96. The company has a market cap of $9.80 billion, a PE ratio of 14.71, a PEG ratio of 1.22 and a beta of 0.96. The stock’s 50-day moving average price is $83.05 and its two-hundred day moving average price is $85.89.

SEI Investments (NASDAQ:SEIC) last announced its earnings results on Wednesday, October 22nd. The asset manager reported $1.30 EPS for the quarter, topping 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 company had revenue of $578.51 million during the quarter, compared to analysts’ expectations of $578.75 million. During the same period last year, the company posted $1.19 earnings per share. The business’s revenue for the quarter was up 7.6% on a year-over-year basis. On average, analysts predict that SEI Investments Company will post 4.86 EPS for the current year.

SEI Investments declared that its board has authorized a stock buyback plan on Friday, October 24th that allows the company to buyback $650.00 million in outstanding shares. This buyback authorization allows the asset manager to reacquire up to 6.4% of its shares through open market purchases. Shares buyback plans are generally an indication that the company’s board of directors believes its stock is undervalued.

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.