Deutsche Bank AG Takes Position in SEI Investments Company $SEIC

Deutsche Bank AG acquired a new stake in SEI Investments Company (NASDAQ:SEIC) during the second quarter, according to its most recent Form 13F filing with the SEC. The firm acquired 22,316 shares of the asset manager’s stock, valued at approximately $1,957,000.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in SEIC. Bank of New York Mellon Corp bought a new position in shares of SEI Investments in the second quarter valued at approximately $78,430,000. Norges Bank bought a new stake in shares of SEI Investments during the 4th quarter worth $53,548,000. Clark Capital Management Group Inc. boosted its holdings in shares of SEI Investments by 2,333.2% during the 4th quarter. Clark Capital Management Group Inc. now owns 645,859 shares of the asset manager’s stock worth $52,973,000 after buying an additional 619,315 shares during the period. PFA Pension Forsikringsaktieselskab acquired a new position in SEI Investments in the 4th quarter valued at $43,186,000. Finally, Qube Research & Technologies Ltd grew its stake in SEI Investments by 82.5% in the 3rd quarter. Qube Research & Technologies Ltd now owns 766,775 shares of the asset manager’s stock valued at $65,061,000 after buying an additional 346,696 shares during the last quarter. 70.59% of the stock is currently owned by institutional investors and hedge funds.

SEI Investments Stock Performance

SEIC opened at $111.63 on Friday. The stock’s 50 day simple moving average is $100.09 and its 200-day simple moving average is $89.67. The company has a current ratio of 5.06, a quick ratio of 4.96 and a debt-to-equity ratio of 0.06. The stock has a market cap of $13.40 billion, a PE ratio of 19.69 and a beta of 0.96. SEI Investments Company has a 1 year low of $75.08 and a 1 year high of $112.15.

SEI Investments (NASDAQ:SEIC) last posted its quarterly earnings results on Wednesday, July 22nd. The asset manager reported $1.66 earnings per share for the quarter, topping analysts’ consensus estimates of $1.44 by $0.22. The firm had revenue of $641.62 million for the quarter, compared to the consensus estimate of $636.35 million. SEI Investments had a net margin of 28.85% and a return on equity of 29.16%. The business’s revenue was up 14.7% compared to the same quarter last year. During the same quarter in the previous year, the company earned $1.78 earnings per share. Sell-side analysts forecast that SEI Investments Company will post 6.2 EPS for the current year.

Analyst Upgrades and Downgrades

SEIC has been the subject of a number of research analyst reports. Keefe, Bruyette & Woods boosted their target price on shares of SEI Investments from $113.00 to $119.00 and gave the stock an “outperform” rating in a research report on Thursday, July 23rd. Weiss Ratings reaffirmed a “buy (b)” rating on shares of SEI Investments in a research report on Friday, July 17th. UBS Group reiterated a “buy” rating and issued a $125.00 price objective on shares of SEI Investments in a research note on Thursday, July 23rd. Wall Street Zen raised SEI Investments from a “hold” rating to a “buy” rating in a research report on Saturday, July 25th. Finally, Morgan Stanley increased their target price on SEI Investments from $115.00 to $125.00 and gave the company an “overweight” rating in a research note on Thursday, July 23rd. Six investment analysts have rated the stock with a Buy rating and one has issued a Hold rating to the stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $122.60.

Insider Buying and Selling at SEI Investments

In related news, Director Carl Guarino sold 10,000 shares of the stock in a transaction dated Tuesday, July 28th. The shares were sold at an average price of $103.19, for a total value of $1,031,900.00. Following the completion of the transaction, the director owned 18,308 shares of the company’s stock, valued at $1,889,202.52. This represents a 35.33% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, Director Kathryn Mccarthy sold 10,000 shares of the firm’s stock in a transaction dated Monday, August 3rd. The stock was sold at an average price of $103.53, for a total transaction of $1,035,300.00. Following the transaction, the director owned 77,883 shares of the company’s stock, valued at approximately $8,063,226.99. This represents a 11.38% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders sold 142,332 shares of company stock worth $13,745,813 in the last 90 days. 4.80% of the stock is currently owned by insiders.

SEI Investments Company Profile

SEI Investments Company is a global provider of asset management, investment processing, and investment operations solutions. The firm offers a range of services designed to help financial institutions, private banks, wealth managers and family offices streamline back-office functions and enhance front-office capabilities. SEI’s technology platforms support various stages of the investment lifecycle, including trade execution, performance reporting, risk analytics and client communications.

The company’s core offerings include outsourced fund administration, custody and trust services, managed account solutions, and wealth management technology.