SEI Investments (NASDAQ:SEIC) Shares Sold by Barclays PLC

Barclays PLC trimmed its holdings in SEI Investments (NASDAQ:SEIC) by 12.4% during the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 145,378 shares of the asset manager’s stock after selling 20,634 shares during the quarter. Barclays PLC’s holdings in SEI Investments were worth $11,990,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. MML Investors Services LLC lifted its holdings in SEI Investments by 12.2% in the third quarter. MML Investors Services LLC now owns 3,472 shares of the asset manager’s stock valued at $240,000 after acquiring an additional 377 shares during the period. Wilmington Savings Fund Society FSB acquired a new stake in SEI Investments during the third quarter valued at $374,000. Franklin Resources Inc. increased its holdings in SEI Investments by 17.8% in the third quarter. Franklin Resources Inc. now owns 320,482 shares of the asset manager’s stock valued at $22,799,000 after buying an additional 48,429 shares in the last quarter. DGS Capital Management LLC boosted its stake in shares of SEI Investments by 14.4% during the 3rd quarter. DGS Capital Management LLC now owns 11,518 shares of the asset manager’s stock worth $797,000 after acquiring an additional 1,448 shares in the last quarter. Finally, JPMorgan Chase & Co. grew its position in shares of SEI Investments by 13.6% during the 3rd quarter. JPMorgan Chase & Co. now owns 507,916 shares of the asset manager’s stock valued at $35,143,000 after acquiring an additional 60,824 shares during the period. 70.59% of the stock is owned by institutional investors and hedge funds.

Insider Activity at SEI Investments

In other news, Chairman Alfred P. West, Jr. sold 1,372 shares of the company’s stock in a transaction that occurred on Wednesday, March 5th. The stock was sold at an average price of $76.28, for a total transaction of $104,656.16. Following the completion of the sale, the chairman now owns 7,078,708 shares in the company, valued at $539,963,846.24. This represents a 0.02 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, insider Mark Andrew Warner sold 5,000 shares of the company’s stock in a transaction on Monday, March 3rd. The stock was sold at an average price of $80.39, for a total transaction of $401,950.00. Following the transaction, the insider now owns 1,300 shares of the company’s stock, valued at approximately $104,507. The trade was a 79.37 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 79,214 shares of company stock valued at $6,293,903 in the last ninety days. Insiders own 14.30% of the company’s stock.

Wall Street Analyst Weigh In

A number of equities analysts have issued reports on SEIC shares. Raymond James upgraded SEI Investments from a “market perform” rating to an “outperform” rating and set a $99.00 price target on the stock in a research report on Thursday, January 30th. StockNews.com lowered shares of SEI Investments from a “buy” rating to a “hold” rating in a report on Wednesday, April 16th. Piper Sandler dropped their target price on shares of SEI Investments from $87.00 to $74.00 and set a “neutral” rating on the stock in a research report on Tuesday, April 8th. Morgan Stanley upgraded shares of SEI Investments from an “underweight” rating to an “overweight” rating and reduced their price target for the stock from $81.00 to $77.00 in a research report on Monday, April 7th. Finally, Oppenheimer boosted their price objective on SEI Investments from $85.00 to $94.00 and gave the stock an “outperform” rating in a research note on Tuesday, January 7th. Three equities research analysts have rated the stock with a hold rating and three have issued a buy rating to the stock. According to MarketBeat.com, SEI Investments presently has an average rating of “Moderate Buy” and a consensus target price of $86.80.

SEI Investments Stock Down 2.8 %

Shares of SEIC stock opened at $69.67 on Tuesday. The firm has a 50 day moving average of $75.80 and a two-hundred day moving average of $78.89. The stock has a market capitalization of $8.76 billion, a PE ratio of 15.76, a P/E/G ratio of 1.41 and a beta of 0.90. SEI Investments has a 52 week low of $62.38 and a 52 week high of $87.25.

SEI Investments (NASDAQ:SEIC) last issued its quarterly earnings results on Wednesday, January 29th. The asset manager reported $1.19 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.21 by ($0.02). SEI Investments had a return on equity of 25.51% and a net margin of 27.35%. Analysts expect that SEI Investments will post 4.86 EPS for the current fiscal year.

SEI Investments declared that its Board of Directors has authorized a stock repurchase program on Tuesday, March 18th that authorizes the company to buyback $500.00 million in outstanding shares. This buyback authorization authorizes the asset manager to repurchase up to 5.3% of its stock through open market purchases. Stock buyback programs are usually a sign that the company’s management believes its stock is undervalued.

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.