SEI Investments Holdings and Insider Activity: Nordea Investment Management AB Cuts Holdings

Title: Nordea Investment Management AB Reduces Holdings in SEI Investments (NASDAQ:SEIC)

Nordea Investment Management AB recently decreased its holdings in SEI Investments by 12.6% during the first quarter, according to its latest Form 13F filing with the SEC. The fund sold 1,187 shares, bringing its total holdings to 8,258 shares valued at $598,000.

Other large investors have also made changes to their stakes in SEI Investments. VisionPoint Advisory Group LLC increased its holdings by 67.1%, TFO Wealth Partners LLC saw a 6,277.8% boost, and Evolution Advisers Inc., Neo Ivy Capital Management, and Principal Securities Inc. all acquired new stakes in the company.

In insider activity, Director William Doran and Chairman Alfred P. West, Jr. both sold shares of SEI Investments. In the last 90 days, insiders have sold 123,000 shares worth $8,406,920, with 14.30% of the stock owned by corporate insiders.

SEI Investments stock is up 1.0%, opening at $67.32 on Friday. The company has a 12-month low of $52.19 and a high of $72.54, with a market cap of $8.85 billion.

SEI Investments recently reported earnings, beating analysts’ estimates with $0.99 EPS for the quarter. The company also increased its quarterly dividend to $0.46 per share, representing a 2.73% yield.

Analysts have set new price targets for SEI Investments, with a consensus rating of “Hold” and a target price of $71.75. The company provides wealth management, retirement and investment solutions, asset management, and financial services to its clients.

For more information on SEI Investments and to track insider trades and 13F filings, visit HoldingsChannel.com.