BB&T Corp Has $6.03 Million Stake in SEI Investments (SEIC)

BB&T Corp trimmed its holdings in shares of SEI Investments (NASDAQ:SEIC) by 1.7% in the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 98,616 shares of the asset manager’s stock after selling 1,753 shares during the period. BB&T Corp’s holdings in SEI Investments were worth $6,025,000 at the end of the most recent reporting period.

Several other hedge funds have also modified their holdings of the company. Jane Street Group LLC raised its stake in shares of SEI Investments by 29.6% during the 1st quarter. Jane Street Group LLC now owns 3,700 shares of the asset manager’s stock worth $277,000 after buying an additional 845 shares in the last quarter. Rhumbline Advisers raised its stake in shares of SEI Investments by 0.3% during the 2nd quarter. Rhumbline Advisers now owns 298,311 shares of the asset manager’s stock worth $18,650,000 after buying an additional 931 shares in the last quarter. Bbva Compass Bancshares Inc. raised its stake in shares of SEI Investments by 0.9% during the 2nd quarter. Bbva Compass Bancshares Inc. now owns 110,599 shares of the asset manager’s stock worth $6,915,000 after buying an additional 942 shares in the last quarter. Aperio Group LLC raised its stake in shares of SEI Investments by 2.7% during the 2nd quarter. Aperio Group LLC now owns 36,085 shares of the asset manager’s stock worth $2,256,000 after buying an additional 949 shares in the last quarter. Finally, MetLife Investment Advisors LLC raised its stake in shares of SEI Investments by 1.2% during the 2nd quarter. MetLife Investment Advisors LLC now owns 82,465 shares of the asset manager’s stock worth $5,156,000 after buying an additional 1,000 shares in the last quarter. 69.22% of the stock is owned by institutional investors and hedge funds.

In related news, EVP Kevin Barr sold 25,000 shares of the firm’s stock in a transaction that occurred on Wednesday, August 1st. The stock was sold at an average price of $59.14, for a total value of $1,478,500.00. Following the completion of the transaction, the executive vice president now directly owns 69,134 shares of the company’s stock, valued at approximately $4,088,584.76. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, insider Joseph P. Ujobai sold 1,473 shares of the firm’s stock in a transaction that occurred on Monday, August 13th. The shares were sold at an average price of $59.84, for a total value of $88,144.32. Following the completion of the transaction, the insider now directly owns 14,013 shares of the company’s stock, valued at $838,537.92. The disclosure for this sale can be found here. Insiders sold a total of 42,973 shares of company stock valued at $2,598,794 over the last ninety days. 16.50% of the stock is currently owned by company insiders.

A number of equities analysts have recently issued reports on the company. Zacks Investment Research downgraded SEI Investments from a “buy” rating to a “hold” rating in a research note on Tuesday, July 17th. BidaskClub downgraded SEI Investments from a “hold” rating to a “sell” rating in a research note on Wednesday, July 18th. Mizuho reissued a “buy” rating and set a $85.00 target price on shares of SEI Investments in a research note on Friday, July 20th. Finally, ValuEngine downgraded SEI Investments from a “hold” rating to a “sell” rating in a research note on Monday, October 8th. Two research analysts have rated the stock with a sell rating, one has assigned a hold rating and four have assigned a buy rating to the company. The company has a consensus rating of “Hold” and an average price target of $78.75.

NASDAQ SEIC opened at $54.59 on Friday. SEI Investments has a 1-year low of $54.18 and a 1-year high of $78.35. The company has a market capitalization of $8.79 billion, a P/E ratio of 23.53, a PEG ratio of 1.47 and a beta of 1.14.

SEI Investments (NASDAQ:SEIC) last released its quarterly earnings data on Thursday, July 19th. The asset manager reported $0.75 earnings per share for the quarter, missing the consensus estimate of $0.76 by ($0.01). SEI Investments had a net margin of 30.25% and a return on equity of 29.98%. The firm had revenue of $404.80 million during the quarter, compared to analysts’ expectations of $405.58 million. During the same period in the previous year, the business earned $0.57 earnings per share. The business’s revenue for the quarter was up 8.7% on a year-over-year basis. As a group, equities analysts predict that SEI Investments will post 3.18 earnings per share for the current fiscal year.

SEI Investments Profile

SEI Investments Co 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.

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

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