UBS Group AG Sells 133,864 Shares of SEI Investments (NASDAQ:SEIC)

UBS Group AG decreased its position in shares of SEI Investments (NASDAQ:SEIC – Get Rating) by 53.0% during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 118,801 shares of the asset manager’s stock after selling 133,864 shares during the period. UBS Group AG owned 0.09% of SEI Investments worth $6,926,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in SEIC. American Century Companies Inc. raised its stake in SEI Investments by 19.8% during the 1st quarter. American Century Companies Inc. now owns 22,215 shares of the asset manager’s stock worth $1,337,000 after acquiring an additional 3,666 shares during the period. Private Advisor Group LLC raised its stake in SEI Investments by 15.3% during the 1st quarter. Private Advisor Group LLC now owns 4,811 shares of the asset manager’s stock worth $290,000 after acquiring an additional 639 shares during the period. Bank of Montreal Can raised its position in shares of SEI Investments by 18.5% during the first quarter. Bank of Montreal Can now owns 100,910 shares of the asset manager’s stock valued at $6,230,000 after buying an additional 15,773 shares during the last quarter. Panagora Asset Management Inc. raised its position in shares of SEI Investments by 11.3% during the first quarter. Panagora Asset Management Inc. now owns 19,113 shares of the asset manager’s stock valued at $1,151,000 after buying an additional 1,943 shares during the last quarter. Finally, Commonwealth of Pennsylvania Public School Empls Retrmt SYS raised its position in shares of SEI Investments by 9.7% during the first quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS now owns 38,563 shares of the asset manager’s stock valued at $2,322,000 after buying an additional 3,424 shares during the last quarter. Institutional investors own 69.45% of the company’s stock.

Analyst Upgrades and Downgrades

Several equities research analysts have recently issued reports on the stock. Oppenheimer reiterated an “outperform” rating and set a $68.00 price objective on shares of SEI Investments in a research report on Tuesday, April 4th. StockNews.com assumed coverage on shares of SEI Investments in a research report on Thursday, May 18th. They set a “hold” rating on the stock. Piper Sandler assumed coverage on shares of SEI Investments in a research report on Wednesday, March 29th. They set a “neutral” rating and a $60.00 price objective on the stock. Finally, Morgan Stanley lifted their price objective on shares of SEI Investments from $54.00 to $58.00 and gave the company an “underweight” rating in a research report on Monday, April 3rd. One analyst has rated the stock with a sell rating, three have issued a hold rating and one has assigned a buy rating to the stock. According to MarketBeat.com, the stock currently has an average rating of “Hold” and a consensus target price of $60.80.

Insiders Place Their Bets

In other SEI Investments news, Chairman Alfred P. West, Jr. sold 65,900 shares of SEI Investments stock in a transaction on Monday, March 27th. The shares were sold at an average price of $55.45, for a total transaction of $3,654,155.00. Following the completion of the transaction, the chairman now directly owns 8,583,787 shares of the company’s stock, valued at $475,970,989.15. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. In other news, Chairman Alfred P. West, Jr. sold 65,900 shares of the business’s stock in a transaction on Monday, March 27th. The shares were sold at an average price of $55.45, for a total transaction of $3,654,155.00. Following the completion of the sale, the chairman now directly owns 8,583,787 shares of the company’s stock, valued at $475,970,989.15. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Chairman Alfred P. West, Jr. sold 36,462 shares of the business’s stock in a transaction on Thursday, March 23rd. The shares were sold at an average price of $55.40, for a total transaction of $2,019,994.80. Following the sale, the chairman now directly owns 8,749,687 shares of the company’s stock, valued at $484,732,659.80. The disclosure for this sale can be found here. Insiders sold 118,021 shares of company stock valued at $6,551,993 over the last three months. 25.40% of the stock is owned by company insiders.

SEI Investments Stock Performance

SEIC stock opened at $57.13 on Friday. The firm has a fifty day moving average price of $57.55 and a 200 day moving average price of $59.48. The firm has a market cap of $7.62 billion, a PE ratio of 19.84, a price-to-earnings-growth ratio of 1.42 and a beta of 1.01. SEI Investments has a fifty-two week low of $46.30 and a fifty-two week high of $64.69.

SEI Investments (NASDAQ:SEIC – Get Rating) last posted its quarterly earnings data on Thursday, April 20th. The asset manager reported $0.79 EPS for the quarter, missing the consensus estimate of $0.82 by ($0.03). The firm had revenue of $469.12 million for the quarter, compared to analysts’ expectations of $468.79 million. SEI Investments had a return on equity of 22.29% and a net margin of 20.88%. The firm’s quarterly revenue was down 19.3% compared to the same quarter last year. During the same period in the previous year, the firm earned $1.36 earnings per share. On average, equities analysts predict that SEI Investments will post 3.38 EPS for the current year.

SEI Investments announced that its Board of Directors has initiated a share buyback plan on Tuesday, April 18th that authorizes the company to buyback $250.00 million in shares. This buyback authorization authorizes the asset manager to purchase up to 3.1% of its shares through open market purchases. Shares buyback plans are typically a sign that the company’s management believes its shares are undervalued.

SEI Investments Profile

(Get Rating)

SEI Investments Co engages in the provision of investment processing, investment management and investment operations platforms. It operates through the following business segments: Private Banks, Investment Advisors, Institutional Investors, Investment Managers, and Investments in New Businesses. The Private Banks segment provides outsourced investment processing and investment management platforms to banks and trust institutions, independent wealth advisers and financial advisors worldwide.