Mirae Asset Global Investments Co. Ltd. Sells 3,627 Shares of SEI Investments (NASDAQ:SEIC)

Mirae Asset Global Investments Co. Ltd. decreased its stake in SEI Investments (NASDAQ:SEIC) by 4.1% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 84,637 shares of the asset manager’s stock after selling 3,627 shares during the period. Mirae Asset Global Investments Co. Ltd. owned 0.06% of SEI Investments worth $5,379,000 at the end of the most recent quarter.

Several other hedge funds also recently modified their holdings of the stock. Morgan Stanley grew its holdings in SEI Investments by 670.4% during the fourth quarter. Morgan Stanley now owns 6,519,582 shares of the asset manager’s stock worth $380,092,000 after purchasing an additional 5,673,374 shares during the period. Norges Bank bought a new position in SEI Investments during the fourth quarter worth about $31,250,000. Invesco Ltd. grew its holdings in SEI Investments by 73.1% during the third quarter. Invesco Ltd. now owns 1,125,659 shares of the asset manager’s stock worth $67,798,000 after purchasing an additional 475,226 shares during the period. State Street Corp grew its holdings in SEI Investments by 8.0% during the first quarter. State Street Corp now owns 6,143,049 shares of the asset manager’s stock worth $369,873,000 after purchasing an additional 452,434 shares during the period. Finally, Acadian Asset Management LLC grew its holdings in SEI Investments by 299.3% during the third quarter. Acadian Asset Management LLC now owns 477,981 shares of the asset manager’s stock worth $28,778,000 after purchasing an additional 358,282 shares during the period. Institutional investors own 70.59% of the company’s stock.

Insider Buying and Selling at SEI Investments

In other SEI Investments news, Chairman Alfred P. West, Jr. sold 150,000 shares of the business’s stock in a transaction on Tuesday, March 26th. The shares were sold at an average price of $70.75, for a total transaction of $10,612,500.00. Following the sale, the chairman now owns 7,884,834 shares of the company’s stock, valued at $557,852,005.50. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. In other news, EVP Wayne Withrow sold 16,970 shares of the stock in a transaction on Wednesday, February 7th. The stock was sold at an average price of $66.16, for a total value of $1,122,735.20. Following the completion of the transaction, the executive vice president now directly owns 55,399 shares in the company, valued at approximately $3,665,197.84. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Chairman Alfred P. West, Jr. sold 150,000 shares of the stock in a transaction on Tuesday, March 26th. The shares were sold at an average price of $70.75, for a total value of $10,612,500.00. Following the completion of the transaction, the chairman now owns 7,884,834 shares of the company’s stock, valued at $557,852,005.50. The disclosure for this sale can be found here. Insiders sold a total of 206,333 shares of company stock worth $14,481,612 over the last three months. Corporate insiders own 15.50% of the company’s stock.

Analyst Ratings Changes

A number of equities research analysts have recently issued reports on the company. Piper Sandler boosted their price objective on SEI Investments from $66.00 to $72.00 and gave the stock a “neutral” rating in a report on Wednesday, April 10th. StockNews.com upgraded SEI Investments from a “hold” rating to a “buy” rating in a report on Saturday, March 2nd. Finally, Oppenheimer boosted their price objective on SEI Investments from $77.00 to $80.00 and gave the stock an “outperform” rating in a report on Tuesday, April 9th. One investment analyst has rated the stock with a sell rating, two have given a hold rating and two have assigned a buy rating to the company. Based on data from MarketBeat.com, the stock has an average rating of “Hold” and a consensus target price of $70.25.

SEI Investments Trading Down 0.8 %

NASDAQ SEIC opened at $66.97 on Tuesday. SEI Investments has a 1-year low of $52.19 and a 1-year high of $72.54. The company has a 50 day moving average of $68.52 and a 200-day moving average of $62.97. The company has a market cap of $8.80 billion, a price-to-earnings ratio of 19.36, a PEG ratio of 1.38 and a beta of 1.02.

SEI Investments (NASDAQ:SEIC) last released its quarterly earnings results on Wednesday, January 31st. The asset manager reported $0.91 earnings per share for the quarter, meeting analysts’ consensus estimates of $0.91. SEI Investments had a net margin of 24.08% and a return on equity of 22.40%. The company had revenue of $484.86 million during the quarter, compared to the consensus estimate of $481.39 million. During the same period in the previous year, the business earned $0.83 earnings per share. On average, equities research analysts forecast that SEI Investments will post 4.08 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.