SEI Investments’ (SEIC) “Market Perform” Rating Reaffirmed at Keefe, Bruyette & Woods

Keefe, Bruyette & Woods reaffirmed their market perform rating on shares of SEI Investments (NASDAQ:SEIC) in a research note published on Thursday, Benzinga reports. They currently have a $74.00 price target on the asset manager’s stock, up from their prior price target of $72.00.

A number of other research analysts have also recently commented on SEIC. Piper Sandler reduced their target price on shares of SEI Investments from $72.00 to $69.00 and set a neutral rating on the stock in a research report on Thursday. StockNews.com upgraded SEI Investments from a hold rating to a buy rating in a research note on Saturday, March 2nd. Finally, Oppenheimer boosted their price target on SEI Investments from $77.00 to $80.00 and gave the stock an outperform rating in a research note on Tuesday, April 9th. One investment analyst has rated the stock with a sell rating, two have assigned a hold rating and two have given a buy rating to the company’s stock. Based on data from MarketBeat.com, SEI Investments currently has a consensus rating of Hold and an average price target of $71.00.

SEI Investments Trading Up 0.1 %

NASDAQ:SEIC opened at $66.57 on Thursday. The firm’s fifty day simple moving average is $68.58 and its 200 day simple moving average is $63.49. SEI Investments has a twelve month low of $52.19 and a twelve month high of $72.54. The firm has a market capitalization of $8.76 billion, a price-to-earnings ratio of 18.19, a PEG ratio of 1.34 and a beta of 1.02.

SEI Investments (NASDAQ:SEIC) last issued its earnings results on Wednesday, April 24th. The asset manager reported $0.99 earnings per share for the quarter, topping the consensus estimate of $0.98 by $0.01. The company had revenue of $511.58 million during the quarter, compared to the consensus estimate of $510.41 million. SEI Investments had a return on equity of 22.91% and a net margin of 24.80%. The company’s revenue was up 9.1% compared to the same quarter last year. During the same quarter in the prior year, the business earned $0.79 earnings per share. On average, analysts predict that SEI Investments will post 4.11 earnings per share for the current year.

Insider Transactions at SEI Investments

In other news, Chairman Alfred P. West, Jr. sold 19,363 shares of the stock in a transaction dated Thursday, March 28th. The shares were sold at an average price of $72.14, for a total transaction of $1,396,846.82. Following the transaction, the chairman now owns 7,865,471 shares of the company’s stock, valued at $567,415,077.94. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. In other news, Chairman Alfred P. West, Jr. sold 19,363 shares of the business’s stock in a transaction that occurred on 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 completion of the sale, the chairman now directly owns 7,865,471 shares in the company, valued at approximately $567,415,077.94. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, EVP Paul Klauder sold 2,000 shares of the firm’s stock in a transaction on Friday, March 8th. The stock was sold at an average price of $69.80, for a total value of $139,600.00. Following the transaction, the executive vice president now owns 20,752 shares in the company, valued at $1,448,489.60. The disclosure for this sale can be found here. In the last 90 days, insiders sold 206,333 shares of company stock valued at $14,481,612. Insiders own 15.50% of the company’s stock.

Institutional Investors Weigh In On SEI Investments

A number of institutional investors have recently modified their holdings of SEIC. Norges Bank bought a new stake in shares of SEI Investments in the 4th quarter worth approximately $32,161,000. Invesco Ltd. boosted its holdings in shares of SEI Investments by 73.1% during the third quarter. Invesco Ltd. now owns 1,125,659 shares of the asset manager’s stock valued at $67,798,000 after acquiring an additional 475,226 shares during the period. Acadian Asset Management LLC boosted its holdings in shares of SEI Investments by 299.3% during the third quarter. Acadian Asset Management LLC now owns 477,981 shares of the asset manager’s stock valued at $28,778,000 after acquiring an additional 358,282 shares during the period. Envestnet Asset Management Inc. grew its position in shares of SEI Investments by 69.3% during the third quarter. Envestnet Asset Management Inc. now owns 381,037 shares of the asset manager’s stock worth $22,950,000 after acquiring an additional 155,991 shares during the last quarter. Finally, Healthcare of Ontario Pension Plan Trust Fund acquired a new stake in shares of SEI Investments in the 4th quarter worth about $6,990,000. Institutional investors own 70.59% of the company’s stock.

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.