Tiedemann Advisors LLC Sells 6,158 Shares of SEI Investments (NASDAQ:SEIC)

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Tiedemann Advisors LLC trimmed its holdings in SEI Investments (NASDAQ:SEIC) by 56.7% in the 2nd quarter, according to its most recent filing with the SEC. The institutional investor owned 4,704 shares of the asset manager’s stock after selling 6,158 shares during the quarter. Tiedemann Advisors LLC’s holdings in SEI Investments were worth $264,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also added to or reduced their stakes in the stock. Arizona State Retirement System grew its stake in shares of SEI Investments by 0.3% during the 2nd quarter. Arizona State Retirement System now owns 92,985 shares of the asset manager’s stock valued at $5,216,000 after purchasing an additional 284 shares during the period. Cullen Frost Bankers Inc. bought a new stake in shares of SEI Investments during the 2nd quarter valued at about $35,000. Advisor Group Inc. grew its stake in shares of SEI Investments by 4.1% during the 2nd quarter. Advisor Group Inc. now owns 49,613 shares of the asset manager’s stock valued at $2,783,000 after purchasing an additional 1,968 shares during the period. BTIM Corp. grew its stake in shares of SEI Investments by 10.6% during the 2nd quarter. BTIM Corp. now owns 366,821 shares of the asset manager’s stock valued at $20,578,000 after purchasing an additional 35,283 shares during the period. Finally, Shell Asset Management Co. grew its stake in shares of SEI Investments by 107.9% during the 1st quarter. Shell Asset Management Co. now owns 9,553 shares of the asset manager’s stock valued at $499,000 after purchasing an additional 4,959 shares during the period. Institutional investors own 69.33% of the company’s stock.

Shares of SEIC stock traded down $0.11 during trading hours on Friday, reaching $60.63. 346,338 shares of the company traded hands, compared to its average volume of 307,190. SEI Investments has a 12-month low of $42.27 and a 12-month high of $64.21. The company has a debt-to-equity ratio of 0.02, a current ratio of 5.78 and a quick ratio of 5.61. The company has a market cap of $9.17 billion, a P/E ratio of 19.72, a P/E/G ratio of 1.57 and a beta of 1.32. The firm has a 50-day moving average price of $57.81 and a 200 day moving average price of $54.85.

SEI Investments (NASDAQ:SEIC) last posted its quarterly earnings data on Wednesday, July 24th. The asset manager reported $0.82 earnings per share for the quarter, beating the Zacks’ consensus estimate of $0.79 by $0.03. SEI Investments had a return on equity of 29.86% and a net margin of 29.85%. The firm had revenue of $409.60 million for the quarter, compared to analysts’ expectations of $412.28 million. During the same period in the previous year, the firm earned $0.75 EPS. The business’s quarterly revenue was up 1.2% on a year-over-year basis. Sell-side analysts predict that SEI Investments will post 3.22 EPS for the current year.

In related news, Director Kathryn Mccarthy sold 9,500 shares of the business’s stock in a transaction that occurred on Friday, July 26th. The stock was sold at an average price of $60.90, for a total value of $578,550.00. Following the transaction, the director now directly owns 75,200 shares of the company’s stock, valued at approximately $4,579,680. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, insider Dennis Mcgonigle sold 19,722 shares of the business’s stock in a transaction that occurred on Thursday, August 8th. The stock was sold at an average price of $58.19, for a total value of $1,147,623.18. Following the completion of the transaction, the insider now directly owns 587,262 shares in the company, valued at $34,172,775.78. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 34,222 shares of company stock worth $2,017,423. Insiders own 22.60% of the company’s stock.

A number of research analysts have recently weighed in on the company. BidaskClub raised SEI Investments from a “buy” rating to a “strong-buy” rating in a research report on Thursday. ValuEngine raised SEI Investments from a “sell” rating to a “hold” rating in a research report on Tuesday, June 11th. Finally, Zacks Investment Research cut SEI Investments from a “buy” rating to a “hold” rating and set a $63.00 price objective on the stock. in a research report on Tuesday, June 11th. Five equities research analysts have rated the stock with a hold rating, one has assigned a buy rating and one has given a strong buy rating to the stock. The stock currently has a consensus rating of “Hold” and a consensus target price of $61.50.

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.

See Also: Exchange-Traded Funds (ETFs)

Institutional Ownership by Quarter for SEI Investments (NASDAQ:SEIC)

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