Deutsche Bank AG Has $12.57 Million Stake in SEI Investments (NASDAQ:SEIC)

Deutsche Bank AG decreased its stake in SEI Investments (NASDAQ:SEIC) by 55.3% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 152,402 shares of the asset manager’s stock after selling 188,710 shares during the quarter. Deutsche Bank AG owned 0.12% of SEI Investments worth $12,570,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds have also recently added to or reduced their stakes in SEIC. King Luther Capital Management Corp bought a new stake in shares of SEI Investments in the fourth quarter worth about $2,645,000. Boston Trust Walden Corp grew its holdings in shares of SEI Investments by 1.6% during the fourth quarter. Boston Trust Walden Corp now owns 1,306,329 shares of the asset manager’s stock worth $107,746,000 after buying an additional 20,020 shares in the last quarter. Longboard Asset Management LP bought a new position in shares of SEI Investments during the fourth quarter worth about $267,000. New York Life Investment Management LLC bought a new position in shares of SEI Investments during the fourth quarter worth about $863,000. Finally, CHURCHILL MANAGEMENT Corp bought a new position in shares of SEI Investments during the fourth quarter worth about $1,818,000. Institutional investors and hedge funds own 70.59% of the company’s stock.

SEI Investments Stock Up 1.7%

Shares of SEIC opened at $84.77 on Friday. SEI Investments has a 12-month low of $62.38 and a 12-month high of $87.25. The business has a 50-day simple moving average of $75.82 and a two-hundred day simple moving average of $79.74. The stock has a market cap of $10.55 billion, a PE ratio of 19.18, a PEG ratio of 1.41 and a beta of 0.90.

SEI Investments (NASDAQ:SEIC) last released its quarterly earnings results on Wednesday, April 23rd. The asset manager reported $1.17 EPS for the quarter, beating analysts’ consensus estimates of $1.12 by $0.05. SEI Investments had a return on equity of 25.51% and a net margin of 27.35%. The firm had revenue of $551.34 million for the quarter, compared to analyst estimates of $556.76 million. During the same quarter in the previous year, the company posted $0.99 EPS. The business’s revenue was up 7.8% on a year-over-year basis. On average, equities research analysts expect that SEI Investments will post 4.86 EPS for the current year.

SEI Investments announced that its Board of Directors has approved a share buyback plan on Tuesday, March 18th that allows the company to buyback $500.00 million in shares. This buyback authorization allows the asset manager to repurchase up to 5.3% of its shares through open market purchases. Shares buyback plans are typically a sign that the company’s management believes its stock is undervalued.

Analysts Set New Price Targets

A number of research analysts recently issued reports on SEIC shares. Piper Sandler increased their price objective on SEI Investments from $74.00 to $79.00 and gave the stock a “neutral” rating in a report on Thursday, April 24th. Keefe, Bruyette & Woods increased their price objective on SEI Investments from $80.00 to $84.00 and gave the stock a “market perform” rating in a report on Friday, April 25th. Oppenheimer reiterated an “outperform” rating on shares of SEI Investments in a report on Thursday, April 24th. Morgan Stanley restated an “overweight” rating and issued a $82.00 price target (up from $77.00) on shares of SEI Investments in a research note on Thursday, April 24th. Finally, William Blair restated a “market perform” rating on shares of SEI Investments in a research note on Thursday, April 24th. Three investment analysts have rated the stock with a hold rating and four have issued a buy rating to the stock. According to MarketBeat, SEI Investments presently has an average rating of “Moderate Buy” and an average price target of $87.60.

Insider Activity at SEI Investments

In other SEI Investments news, insider Mark Andrew Warner sold 5,000 shares of the stock in a transaction that occurred on Monday, March 3rd. The stock was sold at an average price of $80.39, for a total value of $401,950.00. Following the transaction, the insider now owns 1,300 shares in the company, valued at approximately $104,507. This represents a 79.37% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Chairman Alfred P. West, Jr. sold 72,842 shares of the stock in a transaction that occurred on Monday, March 3rd. The stock was sold at an average price of $79.45, for a total value of $5,787,296.90. Following the completion of the sale, the chairman now directly owns 7,160,080 shares of the company’s stock, valued at approximately $568,868,356. This trade represents a 1.01% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 79,214 shares of company stock worth $6,293,903 in the last 90 days. Corporate insiders own 14.60% of the company’s stock.

SEI Investments Profile

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.