Desjardins Global Asset Management Inc. Sells 24,196 Shares of SEI Investments (NASDAQ:SEIC)

Desjardins Global Asset Management Inc. trimmed its position in shares of SEI Investments (NASDAQ:SEIC) by 88.8% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 3,050 shares of the asset manager’s stock after selling 24,196 shares during the period. Desjardins Global Asset Management Inc.’s holdings in SEI Investments were worth $194,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also recently modified their holdings of the company. IFG Advisory LLC grew its stake in SEI Investments by 109.1% during the fourth quarter. IFG Advisory LLC now owns 58,292 shares of the asset manager’s stock valued at $3,704,000 after acquiring an additional 30,408 shares in the last quarter. Diversified Trust Co grew its stake in SEI Investments by 299.3% during the fourth quarter. Diversified Trust Co now owns 55,230 shares of the asset manager’s stock valued at $3,510,000 after acquiring an additional 41,397 shares in the last quarter. Nordea Investment Management AB grew its stake in SEI Investments by 9.8% during the fourth quarter. Nordea Investment Management AB now owns 9,445 shares of the asset manager’s stock valued at $601,000 after acquiring an additional 841 shares in the last quarter. Raymond James & Associates grew its stake in SEI Investments by 4.0% during the third quarter. Raymond James & Associates now owns 474,836 shares of the asset manager’s stock valued at $28,599,000 after acquiring an additional 18,397 shares in the last quarter. Finally, Schonfeld Strategic Advisors LLC grew its stake in SEI Investments by 507.3% during the third quarter. Schonfeld Strategic Advisors LLC now owns 88,571 shares of the asset manager’s stock valued at $5,335,000 after acquiring an additional 73,987 shares in the last quarter. 70.59% of the stock is currently owned by institutional investors.

Insider Buying and Selling

In related news, Chairman Alfred P. West, Jr. sold 19,363 shares of SEI Investments 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 completion of the transaction, the chairman now directly owns 7,865,471 shares of the company’s stock, valued at approximately $567,415,077.94. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. In related news, Chairman Alfred P. West, Jr. sold 150,000 shares of SEI Investments stock in a transaction dated Tuesday, March 26th. The shares were sold at an average price of $70.75, for a total transaction of $10,612,500.00. Following the completion of the transaction, the chairman now directly owns 7,884,834 shares of the company’s stock, valued at approximately $557,852,005.50. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. Also, Chairman Alfred P. West, Jr. sold 19,363 shares of SEI Investments 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 transaction, the chairman now directly owns 7,865,471 shares of the company’s stock, valued at $567,415,077.94. The disclosure for this sale can be found here. In the last ninety days, insiders sold 206,333 shares of company stock valued at $14,481,612. Company insiders own 15.50% of the company’s stock.

SEI Investments Stock Down 0.1 %

Shares of NASDAQ:SEIC opened at $66.01 on Friday. SEI Investments has a 52 week low of $52.19 and a 52 week high of $72.54. The stock has a market capitalization of $8.68 billion, a P/E ratio of 19.08, a PEG ratio of 1.35 and a beta of 1.02. The firm has a fifty day simple moving average of $68.53 and a two-hundred day simple moving average of $63.06.

SEI Investments (NASDAQ:SEIC) last issued its quarterly earnings data on Wednesday, January 31st. The asset manager reported $0.91 EPS for the quarter, hitting analysts’ consensus estimates of $0.91. SEI Investments had a net margin of 24.08% and a return on equity of 22.40%. The business had revenue of $484.86 million during the quarter, compared to analysts’ expectations of $481.39 million. During the same period last year, the company posted $0.83 EPS. On average, analysts expect that SEI Investments will post 4.08 earnings per share for the current year.

Analyst Ratings Changes

SEIC has been the subject of several research analyst reports. Piper Sandler raised their target price on shares of SEI Investments from $66.00 to $72.00 and gave the company a “neutral” rating in a research note on Wednesday, April 10th. StockNews.com raised shares of SEI Investments from a “hold” rating to a “buy” rating in a research note on Saturday, March 2nd. Finally, Oppenheimer raised their target price on shares of SEI Investments from $77.00 to $80.00 and gave the company an “outperform” rating in a research note on Tuesday, April 9th. One research analyst has rated the stock with a sell rating, two have assigned a hold rating and two have issued a buy rating to the stock. According to MarketBeat, the stock has an average rating of “Hold” and a consensus price target of $70.25.

SEI Investments 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.