KBC Group NV Reduces Stock Holdings in SEI Investments Company $SEIC

KBC Group NV lowered its stake in SEI Investments Company (NASDAQ:SEIC) by 14.8% during the 1st quarter, HoldingsChannel.com reports. The fund owned 39,715 shares of the asset manager’s stock after selling 6,912 shares during the quarter. KBC Group NV’s holdings in SEI Investments were worth $3,116,000 at the end of the most recent quarter.

A number of other hedge funds have also added to or reduced their stakes in SEIC. Allworth Financial LP raised its holdings in SEI Investments by 44.0% in the 3rd quarter. Allworth Financial LP now owns 432 shares of the asset manager’s stock worth $37,000 after purchasing an additional 132 shares in the last quarter. CIBC Private Wealth Group LLC boosted its stake in shares of SEI Investments by 353.1% during the 3rd quarter. CIBC Private Wealth Group LLC now owns 435 shares of the asset manager’s stock valued at $37,000 after purchasing an additional 339 shares in the last quarter. Root Financial Partners LLC increased its position in shares of SEI Investments by 40.8% during the first quarter. Root Financial Partners LLC now owns 487 shares of the asset manager’s stock valued at $38,000 after buying an additional 141 shares during the period. Geneos Wealth Management Inc. raised its stake in SEI Investments by 60.2% in the first quarter. Geneos Wealth Management Inc. now owns 532 shares of the asset manager’s stock worth $41,000 after buying an additional 200 shares in the last quarter. Finally, Rothschild Investment LLC raised its stake in SEI Investments by 266.9% in the fourth quarter. Rothschild Investment LLC now owns 565 shares of the asset manager’s stock worth $46,000 after buying an additional 411 shares in the last quarter. 70.59% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

Several analysts have commented on SEIC shares. Wall Street Zen upgraded shares of SEI Investments from a “hold” rating to a “buy” rating in a report on Saturday. Raymond James Financial increased their target price on SEI Investments from $122.00 to $124.00 and gave the stock an “outperform” rating in a research report on Monday, July 6th. UBS Group restated a “buy” rating and issued a $125.00 target price on shares of SEI Investments in a research note on Thursday. Weiss Ratings restated a “buy (b)” rating on shares of SEI Investments in a research report on Friday, July 17th. Finally, Morgan Stanley upped their price target on SEI Investments from $115.00 to $125.00 and gave the stock an “overweight” rating in a research note on Thursday. Six analysts have rated the stock with a Buy rating and one has given a Hold rating to the stock. According to data from MarketBeat, the company currently has an average rating of “Moderate Buy” and an average price target of $122.60.

Key Stories Impacting SEI Investments

Here are the key news stories impacting SEI Investments this week:

• Positive Sentiment: SEI posted Q2 earnings of $1.66 per share, beating estimates, while revenue rose to $641.6 million and sales/AUM metrics topped expectations, reinforcing the view that business momentum remains solid. Article Title
• Positive Sentiment: Management’s Q2 call highlighted record growth and expanding margins, which suggests operating leverage is improving and may support earnings growth ahead. Article Title
• Positive Sentiment: Analysts turned more constructive after earnings: Morgan Stanley raised its price target to $125 with an overweight rating, and Keefe, Bruyette & Woods lifted its target to $119 with an outperform rating, both signaling higher expectations for the stock. Article Title
• Positive Sentiment: Consensus earnings estimates have been revised higher, which often supports shares when investors see improving forward fundamentals. Article Title
• Neutral Sentiment: Recent short-interest data showed no meaningful short position reported, so there is no clear bearish squeeze or short-selling signal driving the move. Article Title

Insider Buying and Selling

In related news, Director Kathryn Mccarthy sold 10,000 shares of the firm’s stock in a transaction that occurred on Monday, May 4th. The stock was sold at an average price of $91.07, for a total transaction of $910,700.00. Following the completion of the transaction, the director owned 77,883 shares of the company’s stock, valued at $7,092,804.81. This trade represents a 11.38% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, insider Mark Andrew Warner sold 4,000 shares of SEI Investments stock in a transaction on Tuesday, April 28th. The shares were sold at an average price of $91.16, for a total value of $364,640.00. Following the transaction, the insider owned 921 shares of the company’s stock, valued at $83,958.36. The trade was a 81.28% decrease in their position. The SEC filing for this sale provides additional information. Insiders have sold 71,332 shares of company stock worth $6,278,583 in the last 90 days. Insiders own 4.80% of the company’s stock.

SEI Investments Trading Up 2.6%

NASDAQ:SEIC opened at $99.22 on Friday. SEI Investments Company has a one year low of $75.08 and a one year high of $102.29. The company has a debt-to-equity ratio of 0.06, a current ratio of 5.06 and a quick ratio of 4.40. The company’s 50-day simple moving average is $91.71 and its 200 day simple moving average is $86.14. The firm has a market capitalization of $11.93 billion, a P/E ratio of 17.50 and a beta of 0.97.

SEI Investments (NASDAQ:SEIC) last announced its quarterly earnings data on Wednesday, July 22nd. The asset manager reported $1.66 earnings per share for the quarter, topping analysts’ consensus estimates of $1.44 by $0.22. SEI Investments had a net margin of 28.85% and a return on equity of 29.16%. The business had revenue of $641.62 million for the quarter, compared to analysts’ expectations of $636.35 million. During the same quarter in the prior year, the company earned $1.78 earnings per share. The business’s revenue was up 14.7% compared to the same quarter last year. As a group, analysts forecast that SEI Investments Company will post 6.2 EPS for the current fiscal year.

SEI Investments Dividend Announcement

The business also recently declared a dividend, which was paid on Tuesday, June 16th. Investors of record on Monday, June 8th were paid a $0.52 dividend. The ex-dividend date was Monday, June 8th. This represents a dividend yield of 118.0%. SEI Investments’s dividend payout ratio is presently 17.75%.

SEI Investments Company Profile

SEI Investments Company is a global provider of asset management, investment processing, and investment operations solutions. The firm offers a range of services designed to help financial institutions, private banks, wealth managers and family offices streamline back-office functions and enhance front-office capabilities. SEI’s technology platforms support various stages of the investment lifecycle, including trade execution, performance reporting, risk analytics and client communications.

The company’s core offerings include outsourced fund administration, custody and trust services, managed account solutions, and wealth management technology.