SEI Investments (NASDAQ:SEIC) Chairman Sells $1,396,846.82 in Stock

SEI Investments (NASDAQ:SEICGet Free Report) Chairman Alfred P. West, Jr. sold 19,363 shares of the business’s stock in a transaction that occurred on Thursday, March 28th. The stock was sold at an average price of $72.14, for a total transaction of $1,396,846.82. Following the sale, the chairman now directly owns 7,865,471 shares in the company, valued at approximately $567,415,077.94. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink.

SEI Investments Trading Down 1.1 %

Shares of SEIC stock traded down $0.76 during trading hours on Monday, hitting $71.14. The company’s stock had a trading volume of 68,808 shares, compared to its average volume of 587,114. The company has a 50 day moving average of $67.41 and a 200 day moving average of $62.28. The stock has a market cap of $9.34 billion, a PE ratio of 20.61, a price-to-earnings-growth ratio of 1.50 and a beta of 1.02. SEI Investments has a 12-month low of $52.19 and a 12-month high of $72.54.

SEI Investments (NASDAQ:SEICGet Free Report) last released its quarterly earnings data on Wednesday, January 31st. The asset manager reported $0.91 EPS for the quarter, meeting the consensus estimate of $0.91. The business had revenue of $484.86 million for the quarter, compared to the consensus estimate of $481.39 million. SEI Investments had a net margin of 24.08% and a return on equity of 22.40%. During the same period in the prior year, the firm earned $0.83 EPS. As a group, analysts anticipate that SEI Investments will post 4 earnings per share for the current fiscal year.

SEI Investments announced that its board has approved a stock repurchase plan on Friday, December 15th that allows the company to repurchase $250.00 million in outstanding shares. This repurchase authorization allows the asset manager to purchase up to 3% of its shares through open market purchases. Shares repurchase plans are often a sign that the company’s board of directors believes its shares are undervalued.

Institutional Trading of SEI Investments

Hedge funds have recently added to or reduced their stakes in the company. DHJJ Financial Advisors Ltd. purchased a new stake in SEI Investments during the third quarter worth $27,000. VisionPoint Advisory Group LLC boosted its holdings in SEI Investments by 67.1% during the third quarter. VisionPoint Advisory Group LLC now owns 513 shares of the asset manager’s stock worth $31,000 after buying an additional 206 shares in the last quarter. TFO Wealth Partners LLC boosted its holdings in SEI Investments by 6,277.8% during the fourth quarter. TFO Wealth Partners LLC now owns 574 shares of the asset manager’s stock worth $36,000 after buying an additional 565 shares in the last quarter. International Assets Investment Management LLC purchased a new stake in SEI Investments during the third quarter worth $37,000. Finally, Vestor Capital LLC purchased a new stake in SEI Investments during the second quarter worth $45,000. 70.59% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

Several analysts have weighed in on SEIC shares. Piper Sandler boosted their target price on shares of SEI Investments from $58.00 to $66.00 and gave the stock a “neutral” rating in a research report on Wednesday, December 20th. StockNews.com raised shares of SEI Investments from a “hold” rating to a “buy” rating in a research report on Saturday, March 2nd. Finally, Oppenheimer boosted their target price on shares of SEI Investments from $73.00 to $77.00 and gave the stock an “outperform” rating in a research report on Friday, March 15th. One research analyst has rated the stock with a sell rating, two have issued a hold rating and two have issued a buy rating to the stock. According to data from MarketBeat, the stock currently has an average rating of “Hold” and an average target price of $68.00.

Read Our Latest Analysis on SEIC

SEI Investments Company Profile

(Get Free Report)

SEI Investments Company 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.

See Also

Insider Buying and Selling by Quarter for SEI Investments (NASDAQ:SEIC)

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