Captrust Financial Advisors Sells 319 Shares of SEI Investments (NASDAQ:SEIC)

Captrust Financial Advisors cut its holdings in SEI Investments (NASDAQ:SEIC) by 9.8% during the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 2,946 shares of the asset manager’s stock after selling 319 shares during the quarter. Captrust Financial Advisors’ holdings in SEI Investments were worth $243,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of the business. Caxton Associates LP bought a new position in SEI Investments in the fourth quarter valued at approximately $469,000. Ameriprise Financial Inc. boosted its position in shares of SEI Investments by 24.5% during the fourth quarter. Ameriprise Financial Inc. now owns 475,792 shares of the asset manager’s stock worth $39,246,000 after purchasing an additional 93,568 shares in the last quarter. Algert Global LLC boosted its position in shares of SEI Investments by 4.2% during the fourth quarter. Algert Global LLC now owns 51,781 shares of the asset manager’s stock worth $4,271,000 after purchasing an additional 2,091 shares in the last quarter. AXA S.A. bought a new position in shares of SEI Investments during the fourth quarter worth $367,000. Finally, AlTi Global Inc. boosted its position in shares of SEI Investments by 44.6% during the fourth quarter. AlTi Global Inc. now owns 27,471 shares of the asset manager’s stock worth $2,279,000 after purchasing an additional 8,470 shares in the last quarter. 70.59% of the stock is owned by institutional investors.

SEI Investments Stock Down 2.1%

Shares of NASDAQ:SEIC opened at $83.83 on Thursday. SEI Investments has a 12 month low of $62.38 and a 12 month high of $87.25. The company’s fifty day simple moving average is $76.75 and its 200 day simple moving average is $79.99. The firm has a market cap of $10.44 billion, a price-to-earnings ratio of 18.97, a PEG ratio of 1.41 and a beta of 0.90.

SEI Investments (NASDAQ:SEIC) last issued its quarterly earnings data on Wednesday, April 23rd. The asset manager reported $1.17 EPS for the quarter, topping analysts’ consensus estimates of $1.12 by $0.05. SEI Investments had a net margin of 27.35% and a return on equity of 25.51%. The business had revenue of $551.34 million for the quarter, compared to analyst estimates of $556.76 million. During the same period last year, the business posted $0.99 earnings per share. The firm’s quarterly revenue was up 7.8% on a year-over-year basis. Research analysts expect that SEI Investments will post 4.86 earnings per share for the current fiscal year.

SEI Investments announced that its Board of Directors has initiated a stock repurchase plan on Tuesday, March 18th that allows the company to repurchase $500.00 million in outstanding shares. This repurchase authorization allows the asset manager to repurchase up to 5.3% of its stock through open market purchases. Stock repurchase plans are often a sign that the company’s management believes its shares are undervalued.

Insider Buying and Selling

In other SEI Investments news, CEO Ryan Hicke sold 21,000 shares of SEI Investments stock in a transaction on Wednesday, May 14th. The shares were sold at an average price of $83.36, for a total value of $1,750,560.00. Following the sale, the chief executive officer now directly owns 171,260 shares in the company, valued at approximately $14,276,233.60. The trade was a 10.92% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, Chairman Alfred P. West, Jr. sold 1,372 shares of SEI Investments stock in a transaction on Wednesday, March 5th. The shares were sold at an average price of $76.28, for a total transaction of $104,656.16. Following the completion of the sale, the chairman now owns 7,078,708 shares in the company, valued at $539,963,846.24. The trade was a 0.02% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 170,214 shares of company stock worth $13,925,963 over the last ninety days. Company insiders own 14.60% of the company’s stock.

Wall Street Analyst Weigh In

A number of brokerages have recently weighed in on SEIC. William Blair reissued a “market perform” rating on shares of SEI Investments in a research report on Thursday, April 24th. Raymond James raised shares of SEI Investments from a “market perform” rating to an “outperform” rating and set a $99.00 price target on the stock in a research report on Thursday, January 30th. Morgan Stanley reissued an “overweight” rating and set a $82.00 price target (up from $77.00) on shares of SEI Investments in a research report on Thursday, April 24th. Oppenheimer reissued an “outperform” rating on shares of SEI Investments in a research report on Thursday, April 24th. Finally, StockNews.com raised shares of SEI Investments from a “hold” rating to a “buy” rating in a research report on Tuesday. Three analysts have rated the stock with a hold rating and four have assigned a buy rating to the company. According to MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $87.60.

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.