Beaumont Financial Advisors LLC Lowers Stake in SEI Investments (NASDAQ:SEIC)

Beaumont Financial Advisors LLC lowered its stake in shares of SEI Investments (NASDAQ:SEIC) by 2.4% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 6,483 shares of the asset manager’s stock after selling 160 shares during the period. Beaumont Financial Advisors LLC’s holdings in SEI Investments were worth $412,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds also recently bought and sold shares of the company. VisionPoint Advisory Group LLC increased its position in shares of SEI Investments by 67.1% during the third quarter. VisionPoint Advisory Group LLC now owns 513 shares of the asset manager’s stock worth $31,000 after purchasing an additional 206 shares in the last quarter. UniSuper Management Pty Ltd acquired a new position in shares of SEI Investments during the second quarter worth $48,000. Point72 Asset Management L.P. acquired a new position in shares of SEI Investments during the second quarter worth $71,000. Point72 Middle East FZE acquired a new position in shares of SEI Investments during the fourth quarter worth $111,000. Finally, Ossiam increased its position in shares of SEI Investments by 98.9% during the first quarter. Ossiam now owns 2,019 shares of the asset manager’s stock worth $116,000 after purchasing an additional 1,004 shares in the last quarter. Hedge funds and other institutional investors own 70.59% of the company’s stock.

SEI Investments Price Performance

NASDAQ SEIC opened at $66.13 on Friday. The stock’s fifty day moving average price is $68.52 and its 200 day moving average price is $63.15. SEI Investments has a 1 year low of $52.19 and a 1 year high of $72.54. The company has a market cap of $8.70 billion, a price-to-earnings ratio of 19.11, a PEG ratio of 1.35 and a beta of 1.02.

SEI Investments (NASDAQ:SEIC) last announced its quarterly earnings results on Wednesday, January 31st. The asset manager reported $0.91 earnings per share for the quarter, hitting the consensus estimate of $0.91. The company had revenue of $484.86 million for the quarter, compared to the consensus estimate of $481.39 million. SEI Investments had a return on equity of 22.40% and a net margin of 24.08%. During the same period last year, the firm earned $0.83 EPS. Research analysts expect that SEI Investments will post 4.08 earnings per share for the current year.

Insiders Place Their Bets

In other SEI Investments news, Chairman Alfred P. West, Jr. sold 150,000 shares of the stock in a transaction dated Tuesday, March 26th. The stock was sold at an average price of $70.75, for a total transaction of $10,612,500.00. Following the sale, the chairman now directly owns 7,884,834 shares of the company’s stock, valued at approximately $557,852,005.50. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. In other SEI Investments news, Chairman Alfred P. West, Jr. sold 150,000 shares of the stock in a transaction dated Tuesday, March 26th. The stock was sold at an average price of $70.75, for a total transaction of $10,612,500.00. Following the sale, the chairman now directly owns 7,884,834 shares of the company’s stock, valued at approximately $557,852,005.50. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, Chairman Alfred P. West, Jr. sold 19,363 shares of the stock in a transaction dated Thursday, March 28th. The stock was sold at an average price of $72.14, for a total value of $1,396,846.82. Following the sale, the chairman now directly owns 7,865,471 shares in the company, valued at $567,415,077.94. The disclosure for this sale can be found here. In the last three months, insiders have sold 206,333 shares of company stock valued at $14,481,612. Company insiders own 15.50% of the company’s stock.

Wall Street Analysts Forecast Growth

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

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.