SEI Investments (NASDAQ:SEIC) Shares Acquired by AIA Group Ltd

AIA Group Ltd grew its stake in SEI Investments (NASDAQ:SEIC) by 44.8% in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 21,111 shares of the asset manager’s stock after buying an additional 6,536 shares during the period. AIA Group Ltd’s holdings in SEI Investments were worth $1,342,000 at the end of the most recent reporting period.

Several other large investors have also modified their holdings of SEIC. American Century Companies Inc. boosted its holdings in shares of SEI Investments by 19.8% in the 1st quarter. American Century Companies Inc. now owns 22,215 shares of the asset manager’s stock valued at $1,337,000 after buying an additional 3,666 shares in the last quarter. Private Advisor Group LLC raised its position in SEI Investments by 15.3% in the 1st quarter. Private Advisor Group LLC now owns 4,811 shares of the asset manager’s stock valued at $290,000 after purchasing an additional 639 shares during the last quarter. Bank of Montreal Can raised its position in SEI Investments by 18.5% in the 1st quarter. Bank of Montreal Can now owns 100,910 shares of the asset manager’s stock valued at $6,230,000 after purchasing an additional 15,773 shares during the last quarter. Panagora Asset Management Inc. raised its position in SEI Investments by 11.3% in the 1st quarter. Panagora Asset Management Inc. now owns 19,113 shares of the asset manager’s stock valued at $1,151,000 after purchasing an additional 1,943 shares during the last quarter. Finally, Commonwealth of Pennsylvania Public School Empls Retrmt SYS raised its position in SEI Investments by 9.7% in the 1st quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS now owns 38,563 shares of the asset manager’s stock valued at $2,322,000 after purchasing an additional 3,424 shares during the last quarter. Institutional investors and hedge funds own 70.59% of the company’s stock.

Insider Activity at SEI Investments

In related news, EVP Paul Klauder sold 2,000 shares of the stock in a transaction dated Friday, March 8th. The shares were sold at an average price of $69.80, for a total value of $139,600.00. Following the sale, the executive vice president now directly owns 20,752 shares of the company’s stock, valued at approximately $1,448,489.60. The sale was disclosed in a filing with the SEC, which is available through this hyperlink. In other SEI Investments news, EVP Paul Klauder sold 2,000 shares of the firm’s stock in a transaction dated Friday, March 8th. The shares were sold at an average price of $69.80, for a total transaction of $139,600.00. Following the sale, the executive vice president now directly owns 20,752 shares of the company’s stock, valued at approximately $1,448,489.60. The transaction was disclosed in a 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 firm’s stock in a transaction dated Thursday, March 28th. The stock was sold at an average price of $72.14, for a total transaction 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. Insiders own 15.50% of the company’s stock.

Analyst Ratings Changes

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

SEI Investments Stock Performance

Shares of SEI Investments stock opened at $66.13 on Friday. The company has a market cap of $8.70 billion, a P/E ratio of 19.08, a PEG ratio of 1.35 and a beta of 1.02. SEI Investments has a one year low of $52.19 and a one year high of $72.54. The firm has a fifty day moving average of $68.53 and a two-hundred day moving average of $63.06.

SEI Investments (NASDAQ:SEIC) last announced its quarterly earnings results on Wednesday, January 31st. The asset manager reported $0.91 earnings per share (EPS) for the quarter, meeting analysts’ consensus estimates of $0.91. The business had revenue of $484.86 million during the quarter, compared to the consensus estimate of $481.39 million. SEI Investments had a net margin of 24.08% and a return on equity of 22.40%. During the same quarter last year, the firm posted $0.83 EPS. As a group, equities analysts predict 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.