Vestor Capital LLC Makes New Investment in SEI Investments (NASDAQ:SEIC)

Vestor Capital LLC acquired a new position in shares of SEI Investments (NASDAQ:SEIC) during the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm acquired 240 shares of the asset manager’s stock, valued at approximately $82,000.

A number of other hedge funds have also recently added to or reduced their stakes in the stock. GHE LLC lifted its stake in shares of SEI Investments by 2.0% in the 2nd quarter. GHE LLC now owns 8,202 shares of the asset manager’s stock valued at $489,000 after purchasing an additional 163 shares during the period. Baird Financial Group Inc. lifted its stake in shares of SEI Investments by 1.1% in the 3rd quarter. Baird Financial Group Inc. now owns 15,900 shares of the asset manager’s stock valued at $780,000 after purchasing an additional 172 shares during the period. Toroso Investments LLC lifted its stake in shares of SEI Investments by 0.9% in the 4th quarter. Toroso Investments LLC now owns 24,261 shares of the asset manager’s stock valued at $1,414,000 after purchasing an additional 213 shares during the period. Great Diamond Partners LLC lifted its stake in shares of SEI Investments by 5.3% in the 2nd quarter. Great Diamond Partners LLC now owns 4,516 shares of the asset manager’s stock valued at $269,000 after purchasing an additional 226 shares during the period. Finally, M&T Bank Corp lifted its stake in shares of SEI Investments by 1.4% in the 3rd quarter. M&T Bank Corp now owns 16,808 shares of the asset manager’s stock valued at $826,000 after purchasing an additional 227 shares during the period. Institutional investors own 69.64% of the company’s stock.

Analyst Ratings Changes

A number of research analysts have recently issued reports on SEIC shares. StockNews.com raised SEI Investments from a “hold” rating to a “buy” rating in a research note on Wednesday, October 25th. Oppenheimer decreased their target price on SEI Investments from $71.00 to $68.00 and set an “outperform” rating for the company in a research report on Thursday, October 5th. Morgan Stanley decreased their target price on SEI Investments from $61.00 to $60.00 and set an “underweight” rating for the company in a research report on Thursday, November 2nd. Piper Sandler decreased their target price on SEI Investments from $64.00 to $58.00 and set a “neutral” rating for the company in a research report on Thursday, October 26th. Finally, Keefe, Bruyette & Woods boosted their price objective on SEI Investments from $66.00 to $68.00 and gave the stock a “market perform” rating in a report on Thursday, July 27th. One equities research analyst has rated the stock with a sell rating, three have issued a hold rating and two have assigned a buy rating to the stock. According to data from MarketBeat, the stock presently has a consensus rating of “Hold” and a consensus price target of $63.40.

Insider Activity

In other news, CFO Dennis Mcgonigle sold 30,000 shares of the company’s stock in a transaction that occurred on Wednesday, August 30th. The stock was sold at an average price of $62.22, for a total value of $1,866,600.00. Following the completion of the transaction, the chief financial officer now directly owns 594,163 shares of the company’s stock, valued at $36,968,821.86. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. In related news, CFO Dennis Mcgonigle sold 30,000 shares of the company’s stock in a transaction that occurred on Wednesday, August 30th. The stock was sold at an average price of $62.22, for a total value of $1,866,600.00. Following the transaction, the chief financial officer now owns 594,163 shares in the company, valued at $36,968,821.86. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. Also, Chairman Alfred P. West, Jr. sold 18,808 shares of the company’s stock in a transaction that occurred on Monday, September 11th. The shares were sold at an average price of $61.02, for a total value of $1,147,664.16. Following the completion of the transaction, the chairman now owns 8,340,651 shares in the company, valued at approximately $508,946,524.02. The disclosure for this sale can be found here. Insiders sold a total of 127,000 shares of company stock valued at $7,749,881 over the last three months. Corporate insiders own 15.50% of the company’s stock.

SEI Investments Stock Up 1.3 %

SEIC stock opened at $58.38 on Thursday. The firm has a market cap of $7.68 billion, a PE ratio of 17.27, a P/E/G ratio of 1.37 and a beta of 1.01. The business has a 50 day moving average of $57.71 and a 200-day moving average of $59.25. SEI Investments has a 12-month low of $52.19 and a 12-month high of $64.69.

SEI Investments (NASDAQ:SEIC) last released its earnings results on Wednesday, October 25th. The asset manager reported $0.87 earnings per share (EPS) for the quarter, meeting the consensus estimate of $0.87. The company had revenue of $476.80 million during the quarter, compared to analyst estimates of $482.52 million. SEI Investments had a return on equity of 22.48% and a net margin of 23.99%. SEI Investments’s quarterly revenue was up 1.2% on a year-over-year basis. During the same period in the prior year, the company posted $0.77 earnings per share. On average, research analysts expect that SEI Investments will post 3.41 earnings per share for the current year.

About SEI Investments

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.