SEI Investments (NASDAQ:SEIC) Rating Reiterated by Keefe, Bruyette & Woods

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

Several other research firms have also recently weighed in on SEIC. StockNews.com upgraded shares of SEI Investments from a hold rating to a buy rating in a research report on Saturday, March 2nd. Oppenheimer increased their price target on SEI Investments from $77.00 to $80.00 and gave the stock an outperform rating in a report on Tuesday, April 9th. Finally, Piper Sandler dropped their price objective on SEI Investments from $72.00 to $69.00 and set a neutral rating on the stock in a research note on Thursday. One equities research analyst has rated the stock with a sell rating, two have given a hold rating and two have issued a buy rating to the company. According to MarketBeat, the company currently has a consensus rating of Hold and an average target price of $71.00.

SEI Investments Stock Performance

Shares of NASDAQ SEIC opened at $66.57 on Thursday. The firm has a 50 day moving average price of $68.58 and a two-hundred day moving average price of $63.49. The stock has a market cap of $8.76 billion, a P/E ratio of 18.19, a price-to-earnings-growth ratio of 1.34 and a beta of 1.02. SEI Investments has a 52-week low of $52.19 and a 52-week high of $72.54.

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

Insiders Place Their Bets

In other news, EVP Wayne Withrow sold 16,970 shares of the company’s stock in a transaction dated Wednesday, February 7th. The shares were sold at an average price of $66.16, for a total transaction of $1,122,735.20. Following the transaction, the executive vice president now owns 55,399 shares in the company, valued at $3,665,197.84. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. In related news, EVP Wayne Withrow sold 16,970 shares of the business’s stock in a transaction dated Wednesday, February 7th. The stock was sold at an average price of $66.16, for a total value of $1,122,735.20. Following the completion of the sale, the executive vice president now directly owns 55,399 shares of the company’s stock, valued at approximately $3,665,197.84. 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 19,363 shares of the 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 transaction, the chairman now owns 7,865,471 shares in the company, valued at approximately $567,415,077.94. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 206,333 shares of company stock worth $14,481,612. 15.50% of the stock is currently owned by company insiders.

Institutional Trading of SEI Investments

Hedge funds have recently bought and sold shares of the business. AE Wealth Management LLC grew its holdings in shares of SEI Investments by 15.6% during the third quarter. AE Wealth Management LLC now owns 17,387 shares of the asset manager’s stock valued at $1,047,000 after buying an additional 2,348 shares during the last quarter. Caprock Group LLC acquired a new position in SEI Investments during the 3rd quarter valued at about $201,000. Oak Thistle LLC bought a new stake in SEI Investments during the 3rd quarter worth approximately $824,000. Asset Management One Co. Ltd. raised its stake in shares of SEI Investments by 45.6% in the third quarter. Asset Management One Co. Ltd. now owns 62,714 shares of the asset manager’s stock worth $3,777,000 after purchasing an additional 19,629 shares during the last quarter. Finally, Handelsbanken Fonder AB lifted its holdings in shares of SEI Investments by 17.7% in the third quarter. Handelsbanken Fonder AB now owns 25,900 shares of the asset manager’s stock valued at $1,560,000 after purchasing an additional 3,900 shares in the last quarter. Institutional investors and hedge funds own 70.59% of the company’s stock.

SEI Investments Company 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.