Johnson Investment Counsel Inc. cut its stake in shares of SEI Investments (NASDAQ:SEIC – Free Report) by 0.8% in the second quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 40,100 shares of the asset manager’s stock after selling 341 shares during the period. Johnson Investment Counsel Inc.’s holdings in SEI Investments were worth $2,391,000 as of its most recent SEC filing.
Other institutional investors have also made changes to their positions in the company. Metis Global Partners LLC acquired a new stake in shares of SEI Investments during the first quarter worth $246,000. AE Wealth Management LLC grew its stake in shares of SEI Investments by 4.5% during the second quarter. AE Wealth Management LLC now owns 15,039 shares of the asset manager’s stock worth $897,000 after purchasing an additional 652 shares during the period. Portside Wealth Group LLC acquired a new stake in shares of SEI Investments during the second quarter worth $2,974,000. Allspring Global Investments Holdings LLC grew its stake in shares of SEI Investments by 57.2% during the second quarter. Allspring Global Investments Holdings LLC now owns 301,105 shares of the asset manager’s stock worth $17,952,000 after purchasing an additional 109,560 shares during the period. Finally, KBC Group NV grew its stake in shares of SEI Investments by 86.3% during the second quarter. KBC Group NV now owns 268,228 shares of the asset manager’s stock worth $15,992,000 after purchasing an additional 124,278 shares during the period. 69.64% of the stock is owned by institutional investors and hedge funds.
Analyst Ratings Changes
Several research analysts have weighed in on the company. Keefe, Bruyette & Woods lifted their target price on SEI Investments from $66.00 to $68.00 and gave the stock a “market perform” rating in a report on Thursday, July 27th. Piper Sandler reduced their target price on SEI Investments from $64.00 to $58.00 and set a “neutral” rating on the stock in a report on Thursday, October 26th. StockNews.com upgraded SEI Investments from a “hold” rating to a “buy” rating in a report on Wednesday, October 25th. Oppenheimer reduced their target price on SEI Investments from $71.00 to $68.00 and set an “outperform” rating on the stock in a report on Thursday, October 5th. Finally, Morgan Stanley reduced their target price on SEI Investments from $61.00 to $60.00 and set an “underweight” rating on the stock in a report on Thursday, November 2nd. One investment analyst has rated the stock with a sell rating, three have issued a hold rating and two have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, the company currently has an average rating of “Hold” and an average target price of $63.40.
SEI Investments Price Performance
Shares of SEI Investments stock opened at $57.99 on Friday. The firm has a market cap of $7.63 billion, a price-to-earnings ratio of 17.16, a price-to-earnings-growth ratio of 1.43 and a beta of 1.01. The stock’s 50-day moving average is $57.60 and its 200-day moving average is $59.24. SEI Investments has a one year low of $52.19 and a one year high of $64.69.
SEI Investments (NASDAQ:SEIC – Get Free Report) last issued its quarterly earnings results on Wednesday, October 25th. The asset manager reported $0.87 EPS for the quarter, meeting analysts’ consensus estimates of $0.87. The company had revenue of $476.80 million for 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%. The company’s quarterly revenue was up 1.2% compared to the same quarter last year. During the same period in the previous year, the company posted $0.77 earnings per share. On average, equities analysts expect that SEI Investments will post 3.41 EPS for the current year.
In other news, Chairman Alfred P. West, Jr. sold 18,808 shares of the business’s stock in a transaction dated Monday, September 11th. The stock was sold at an average price of $61.02, for a total value of $1,147,664.16. Following the sale, the chairman now directly owns 8,340,651 shares in the company, valued at $508,946,524.02. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. In related news, major shareholder Sei Investments Co bought 1,240,000 shares of the stock in a transaction that occurred on Tuesday, October 31st. The shares were acquired at an average price of $10.00 per share, with a total value of $12,400,000.00. Following the completion of the transaction, the insider now owns 1,250,000 shares in the company, valued at $12,500,000. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, Chairman Alfred P. West, Jr. sold 18,808 shares of the business’s stock in a transaction that occurred on Monday, September 11th. The stock was sold at an average price of $61.02, for a total value of $1,147,664.16. Following the transaction, the chairman now directly 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 have sold a total of 127,000 shares of company stock worth $7,749,881 over the last three months. Corporate insiders own 15.50% 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.
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