Weiss Asset Management LP Acquires New Position in SEI Investments (NASDAQ:SEIC)

Weiss Asset Management LP bought a new position in SEI Investments (NASDAQ:SEICFree Report) in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor bought 10,607 shares of the asset manager’s stock, valued at approximately $674,000.

A number of other institutional investors also recently modified their holdings of the stock. abrdn plc increased its holdings in SEI Investments by 91.0% in the fourth quarter. abrdn plc now owns 36,923 shares of the asset manager’s stock worth $2,346,000 after buying an additional 17,590 shares during the last quarter. IFG Advisory LLC lifted its stake in shares of SEI Investments by 109.1% in the 4th quarter. IFG Advisory LLC now owns 58,292 shares of the asset manager’s stock valued at $3,704,000 after purchasing an additional 30,408 shares during the last quarter. Diversified Trust Co boosted its holdings in SEI Investments by 299.3% in the fourth quarter. Diversified Trust Co now owns 55,230 shares of the asset manager’s stock worth $3,510,000 after purchasing an additional 41,397 shares in the last quarter. Nordea Investment Management AB increased its position in SEI Investments by 9.8% during the fourth quarter. Nordea Investment Management AB now owns 9,445 shares of the asset manager’s stock worth $601,000 after buying an additional 841 shares during the last quarter. Finally, Vanguard Personalized Indexing Management LLC lifted its position in shares of SEI Investments by 3.4% in the fourth quarter. Vanguard Personalized Indexing Management LLC now owns 16,150 shares of the asset manager’s stock worth $1,026,000 after buying an additional 532 shares during the last quarter. Institutional investors and hedge funds own 70.59% of the company’s stock.

Insider Activity at SEI Investments

In related news, Chairman Alfred P. West, Jr. sold 48,000 shares of the firm’s stock in a transaction that occurred on Monday, May 13th. The stock was sold at an average price of $68.09, for a total transaction of $3,268,320.00. Following the completion of the transaction, the chairman now owns 7,677,471 shares in the company, valued at approximately $522,759,000.39. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. In other news, Chairman Alfred P. West, Jr. sold 70,000 shares of the company’s stock in a transaction that occurred on Thursday, May 9th. The shares were sold at an average price of $68.62, for a total transaction of $4,803,400.00. Following the transaction, the chairman now directly owns 7,795,471 shares in the company, valued at $534,925,220.02. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, Chairman Alfred P. West, Jr. sold 48,000 shares of SEI Investments stock in a transaction on Monday, May 13th. The shares were sold at an average price of $68.09, for a total value of $3,268,320.00. Following the completion of the sale, the chairman now directly owns 7,677,471 shares of the company’s stock, valued at $522,759,000.39. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 289,363 shares of company stock worth $20,220,667. 14.30% of the stock is owned by corporate insiders.

SEI Investments Stock Down 0.6 %

SEI Investments stock traded down $0.39 during mid-day trading on Wednesday, reaching $66.53. The company had a trading volume of 319,780 shares, compared to its average volume of 549,425. The firm has a market cap of $8.74 billion, a price-to-earnings ratio of 18.28, a PEG ratio of 1.38 and a beta of 1.03. The company has a 50 day moving average of $68.47 and a 200-day moving average of $65.42. SEI Investments has a 52 week low of $52.19 and a 52 week high of $72.54.

SEI Investments (NASDAQ:SEICGet Free Report) last released its earnings results on Wednesday, April 24th. The asset manager reported $0.99 earnings per share for the quarter, beating the consensus estimate of $0.98 by $0.01. The business had revenue of $511.58 million during the quarter, compared to analysts’ expectations of $510.41 million. SEI Investments had a net margin of 24.80% and a return on equity of 22.91%. The firm’s revenue was up 9.1% on a year-over-year basis. During the same quarter last year, the company earned $0.79 earnings per share. On average, analysts predict that SEI Investments will post 4.13 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

A number of research analysts have recently commented on the company. Piper Sandler lowered their price objective on SEI Investments from $72.00 to $69.00 and set a “neutral” rating on the stock in a report on Thursday, April 25th. StockNews.com raised shares of SEI Investments from a “hold” rating to a “buy” rating in a report on Saturday, March 2nd. Oppenheimer lifted their target price on shares of SEI Investments from $77.00 to $80.00 and gave the stock an “outperform” rating in a report on Tuesday, April 9th. Finally, Keefe, Bruyette & Woods restated a “market perform” rating and set a $74.00 price target (up from $72.00) on shares of SEI Investments in a report on Thursday, April 25th. One research analyst has rated the stock with a sell rating, two have given a hold rating and two have issued a buy rating to the company. According to MarketBeat, the company currently has a consensus rating of “Hold” and a consensus target price of $71.00.

Read Our Latest Stock Analysis on SEI Investments

SEI Investments Profile

(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.

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

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