Keefe, Bruyette & Woods reaffirmed their hold rating on shares of SEI Investments Company (NASDAQ:SEIC) in a research report released on Thursday. They currently have a $58.00 target price on the asset manager’s stock.

SEIC has been the subject of several other research reports. BidaskClub downgraded shares of SEI Investments from a strong-buy rating to a buy rating in a research note on Thursday, June 22nd. Mizuho began coverage on shares of SEI Investments in a research note on Tuesday, June 27th. They issued a buy rating and a $60.00 price objective for the company. Zacks Investment Research raised shares of SEI Investments from a hold rating to a buy rating and set a $57.00 price objective for the company in a research note on Friday, April 7th. Raymond James Financial, Inc. reissued a market perform rating on shares of SEI Investments in a research note on Thursday, April 20th. Finally, Oppenheimer Holdings, Inc. increased their price objective on shares of SEI Investments from $55.00 to $60.00 and gave the company an outperform rating in a research note on Tuesday, July 11th. Two analysts have rated the stock with a hold rating, three have issued a buy rating and one has assigned a strong buy rating to the company. SEI Investments has a consensus rating of Buy and an average price target of $59.75.

SEI Investments (NASDAQ:SEIC) traded down 0.134% on Thursday, reaching $56.065. 75,282 shares of the company traded hands. SEI Investments has a 52-week low of $42.90 and a 52-week high of $57.50. The company has a market capitalization of $8.86 billion, a PE ratio of 25.706 and a beta of 1.33. The stock has a 50-day moving average of $54.48 and a 200 day moving average of $51.61.

SEI Investments (NASDAQ:SEIC) last issued its quarterly earnings data on Wednesday, July 26th. The asset manager reported $0.57 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.55 by $0.02. The business had revenue of $372.30 million during the quarter, compared to the consensus estimate of $369.88 million. SEI Investments had a net margin of 24.44% and a return on equity of 26.60%. The firm’s revenue was up 8.3% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $0.49 EPS. On average, equities analysts forecast that SEI Investments will post $2.28 EPS for the current year.

TRADEMARK VIOLATION WARNING: “SEI Investments Company (NASDAQ:SEIC) Earns Hold Rating from Keefe, Bruyette & Woods” was originally reported by Watch List News and is the property of of Watch List News. If you are reading this story on another site, it was copied illegally and republished in violation of U.S. & international copyright & trademark laws. The correct version of this story can be viewed at https://www.watchlistnews.com/sei-investments-company-nasdaqseic-earns-hold-rating-from-keefe-bruyette-woods/1464038.html.

In other news, major shareholder Alfred P. West, Jr. sold 84,116 shares of the firm’s stock in a transaction on Friday, June 9th. The shares were sold at an average price of $51.92, for a total transaction of $4,367,302.72. Following the completion of the transaction, the insider now owns 10,952,166 shares of the company’s stock, valued at $568,636,458.72. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, insider Joseph P. Ujobai sold 25,000 shares of the firm’s stock in a transaction on Tuesday, June 20th. The shares were sold at an average price of $53.70, for a total transaction of $1,342,500.00. Following the transaction, the insider now directly owns 37,540 shares of the company’s stock, valued at approximately $2,015,898. The disclosure for this sale can be found here. Insiders have sold 172,500 shares of company stock valued at $8,999,577 in the last ninety days. Insiders own 17.10% of the company’s stock.

Several institutional investors have recently added to or reduced their stakes in SEIC. Van ECK Associates Corp increased its position in SEI Investments by 6.5% in the first quarter. Van ECK Associates Corp now owns 2,222 shares of the asset manager’s stock valued at $112,000 after buying an additional 136 shares during the last quarter. First Mercantile Trust Co. increased its position in SEI Investments by 165.6% in the first quarter. First Mercantile Trust Co. now owns 2,404 shares of the asset manager’s stock valued at $121,000 after buying an additional 1,499 shares during the last quarter. Pacer Advisors Inc. increased its position in SEI Investments by 3.2% in the first quarter. Pacer Advisors Inc. now owns 2,472 shares of the asset manager’s stock valued at $125,000 after buying an additional 77 shares during the last quarter. Mosaic Family Wealth LLC increased its position in SEI Investments by 3.6% in the first quarter. Mosaic Family Wealth LLC now owns 2,976 shares of the asset manager’s stock valued at $150,000 after buying an additional 103 shares during the last quarter. Finally, Quantbot Technologies LP acquired a new position in SEI Investments during the first quarter valued at about $159,000. 69.58% of the stock is owned by hedge funds and other institutional investors.

SEI Investments Company Profile

SEI Investments Company provides investment processing, investment management and investment operations solutions. The Company provides its solutions to financial institutions, financial advisors, institutional investors, investment managers and ultra-high-net-worth families in the United States, Canada, the United Kingdom, continental Europe and various other locations around the world.

Receive News & Ratings for SEI Investments Company Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for SEI Investments Company and related companies with Analyst Ratings Network's FREE daily email newsletter.