LS Investment Advisors LLC Has $461,000 Position in SEI Investments (SEIC)

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LS Investment Advisors LLC trimmed its position in SEI Investments (NASDAQ:SEIC) by 9.5% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 9,987 shares of the asset manager’s stock after selling 1,050 shares during the quarter. LS Investment Advisors LLC’s holdings in SEI Investments were worth $461,000 at the end of the most recent quarter.

Other institutional investors have also recently added to or reduced their stakes in the company. Ruggie Capital Group purchased a new stake in SEI Investments during the 4th quarter valued at approximately $27,000. Sterling Investment Advisors Ltd. purchased a new stake in SEI Investments during the 3rd quarter valued at approximately $100,000. First Hawaiian Bank purchased a new stake in SEI Investments during the 3rd quarter valued at approximately $102,000. SRS Capital Advisors Inc. purchased a new stake in SEI Investments during the 3rd quarter valued at approximately $128,000. Finally, Daiwa SB Investments Ltd. purchased a new stake in SEI Investments during the 4th quarter valued at approximately $170,000. 71.12% of the stock is owned by institutional investors.

A number of equities research analysts have issued reports on SEIC shares. Zacks Investment Research lowered shares of SEI Investments from a “hold” rating to a “strong sell” rating in a report on Thursday, January 17th. BidaskClub raised shares of SEI Investments from a “strong sell” rating to a “sell” rating in a report on Saturday, October 27th. Oppenheimer cut their price objective on shares of SEI Investments from $68.00 to $60.00 and set an “outperform” rating for the company in a report on Wednesday, January 9th. TheStreet lowered shares of SEI Investments from a “b” rating to a “c+” rating in a report on Wednesday, December 12th. Finally, ValuEngine lowered shares of SEI Investments from a “hold” rating to a “sell” rating in a report on Wednesday, January 2nd. Three equities research analysts have rated the stock with a sell rating, two have issued a hold rating and four have given a buy rating to the company. The company has an average rating of “Hold” and an average price target of $69.50.

In related news, major shareholder Alfred P. West, Jr. sold 212,995 shares of the firm’s stock in a transaction on Wednesday, November 28th. The stock was sold at an average price of $53.41, for a total value of $11,376,062.95. Following the completion of the sale, the insider now directly owns 10,144,708 shares in the company, valued at $541,828,854.28. The sale was disclosed in a filing with the SEC, which can be accessed through this link. Also, EVP Wayne Withrow sold 15,500 shares of the firm’s stock in a transaction on Tuesday, February 5th. The stock was sold at an average price of $50.00, for a total value of $775,000.00. Following the completion of the sale, the executive vice president now owns 32,014 shares of the company’s stock, valued at $1,600,700. The disclosure for this sale can be found here. Insiders have sold a total of 526,723 shares of company stock valued at $27,899,902 over the last quarter. Corporate insiders own 17.30% of the company’s stock.

NASDAQ SEIC opened at $49.69 on Tuesday. The company has a market cap of $7.67 billion, a PE ratio of 15.82, a PEG ratio of 1.38 and a beta of 1.18. SEI Investments has a one year low of $42.27 and a one year high of $78.35.

SEI Investments (NASDAQ:SEIC) last posted its earnings results on Wednesday, January 30th. The asset manager reported $0.73 EPS for the quarter, missing analysts’ consensus estimates of $0.74 by ($0.01). The firm had revenue of $405.05 million for the quarter, compared to the consensus estimate of $403.45 million. SEI Investments had a net margin of 31.15% and a return on equity of 31.48%. The firm’s revenue was down .8% compared to the same quarter last year. During the same quarter in the prior year, the company posted $0.75 earnings per share. On average, sell-side analysts predict that SEI Investments will post 2.97 earnings per share for the current fiscal year.

SEI Investments announced that its Board of Directors has initiated a share repurchase program on Tuesday, December 11th that authorizes the company to repurchase $250.00 million in shares. This repurchase authorization authorizes the asset manager to repurchase up to 3.3% of its stock through open market purchases. Stock repurchase programs are usually an indication that the company’s leadership believes its shares are undervalued.

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About SEI Investments

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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