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

SEI Investments (NASDAQ:SEIC)‘s stock had its “market perform” rating reaffirmed by equities research analysts at Keefe, Bruyette & Woods in a research report issued to clients and investors on Thursday, Benzinga reports. They presently have a $74.00 price objective on the asset manager’s stock, up from their previous price objective of $72.00. Keefe, Bruyette & Woods’ price objective would suggest a potential upside of 11.16% from the company’s previous close.

SEIC has been the subject of a number of other research reports. StockNews.com raised SEI Investments from a “hold” rating to a “buy” rating in a research note on Saturday, March 2nd. Piper Sandler dropped their price target on SEI Investments from $72.00 to $69.00 and set a “neutral” rating for the company in a research note on Thursday. Finally, Oppenheimer raised 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 research analyst has rated the stock with a sell rating, two have issued a hold rating and two have assigned a buy rating to the stock. According to MarketBeat, the company has an average rating of “Hold” and an average price target of $71.00.

SEI Investments Stock Performance

Shares of SEIC stock opened at $66.57 on Thursday. SEI Investments has a fifty-two week low of $52.19 and a fifty-two week high of $72.54. The stock has a 50 day moving average price of $68.58 and a two-hundred day moving average price of $63.41. The company has a market capitalization of $8.76 billion, a P/E ratio of 18.19, a PEG ratio of 1.34 and a beta of 1.02.

SEI Investments (NASDAQ:SEIC) last announced its quarterly earnings data on Wednesday, April 24th. The asset manager reported $0.99 earnings per share for the quarter, beating 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 firm had revenue of $511.58 million during the quarter, compared to the consensus estimate of $510.41 million. During the same quarter in the previous year, the company posted $0.79 earnings per share. The business’s revenue was up 9.1% on a year-over-year basis. As a group, equities analysts predict that SEI Investments will post 4.14 earnings per share for the current year.

Insider Buying and Selling at SEI Investments

In other SEI Investments news, Chairman Alfred P. West, Jr. sold 150,000 shares of the firm’s stock in a transaction on Tuesday, March 26th. The stock was 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 owns 7,884,834 shares of the company’s stock, valued at $557,852,005.50. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. In other news, EVP Wayne Withrow sold 16,970 shares of the firm’s stock in a transaction on Wednesday, February 7th. The stock was sold at an average price of $66.16, for a total transaction of $1,122,735.20. Following the completion of the transaction, the executive vice president now directly owns 55,399 shares in the company, valued at $3,665,197.84. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, Chairman Alfred P. West, Jr. sold 150,000 shares of the firm’s stock in a transaction on Tuesday, March 26th. The shares were sold at an average price of $70.75, for a total value of $10,612,500.00. Following the transaction, the chairman now owns 7,884,834 shares of the company’s stock, valued at $557,852,005.50. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 206,333 shares of company stock valued at $14,481,612. 15.50% of the stock is currently owned by company insiders.

Hedge Funds Weigh In On SEI Investments

Several institutional investors and hedge funds have recently modified their holdings of the stock. Boston Trust Walden Corp increased its holdings in shares of SEI Investments by 1.9% during the fourth quarter. Boston Trust Walden Corp now owns 1,314,965 shares of the asset manager’s stock valued at $83,566,000 after acquiring an additional 24,621 shares in the last quarter. Tandem Investment Advisors Inc. increased its holdings in shares of SEI Investments by 5.3% during the third quarter. Tandem Investment Advisors Inc. now owns 1,218,267 shares of the asset manager’s stock valued at $73,376,000 after acquiring an additional 61,228 shares in the last quarter. Northern Trust Corp increased its holdings in SEI Investments by 6.6% in the 3rd quarter. Northern Trust Corp now owns 1,143,777 shares of the asset manager’s stock worth $68,890,000 after buying an additional 70,937 shares in the last quarter. Invesco Ltd. increased its holdings in SEI Investments by 73.1% in the 3rd quarter. Invesco Ltd. now owns 1,125,659 shares of the asset manager’s stock worth $67,798,000 after buying an additional 475,226 shares in the last quarter. Finally, Brown Advisory Inc. increased its holdings in SEI Investments by 1.6% in the 4th quarter. Brown Advisory Inc. now owns 692,337 shares of the asset manager’s stock worth $43,998,000 after buying an additional 10,700 shares in the last quarter. 70.59% of the stock is currently owned by institutional investors.

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.