SEI Investments (NASDAQ:SEIC) Position Cut by Amundi

Amundi trimmed its stake in SEI Investments (NASDAQ:SEIC) by 10.0% during the fourth quarter, according to its most recent disclosure with the SEC. The fund owned 238,282 shares of the asset manager’s stock after selling 26,461 shares during the quarter. Amundi owned approximately 0.18% of SEI Investments worth $19,415,000 as of its most recent SEC filing.

Other hedge funds also recently added to or reduced their stakes in the company. First Horizon Advisors Inc. lifted its stake in SEI Investments by 101.3% in the third quarter. First Horizon Advisors Inc. now owns 461 shares of the asset manager’s stock valued at $32,000 after buying an additional 232 shares during the last quarter. Allworth Financial LP lifted its stake in SEI Investments by 53.7% in the fourth quarter. Allworth Financial LP now owns 452 shares of the asset manager’s stock valued at $38,000 after buying an additional 158 shares during the last quarter. Point72 DIFC Ltd bought a new stake in SEI Investments in the third quarter valued at $45,000. Rialto Wealth Management LLC bought a new stake in SEI Investments in the fourth quarter valued at $55,000. Finally, Principal Securities Inc. raised its stake in shares of SEI Investments by 13.3% during the fourth quarter. Principal Securities Inc. now owns 1,324 shares of the asset manager’s stock valued at $109,000 after purchasing an additional 155 shares in the last quarter. 70.59% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

A number of brokerages recently weighed in on SEIC. Raymond James upgraded shares of SEI Investments from a “market perform” rating to an “outperform” rating and set a $99.00 price objective on the stock in a research note on Thursday, January 30th. Piper Sandler lifted their price objective on shares of SEI Investments from $77.00 to $87.00 and gave the company a “neutral” rating in a research note on Monday, December 23rd. Morgan Stanley lifted their price objective on shares of SEI Investments from $75.00 to $80.00 and gave the company an “underweight” rating in a research note on Friday, January 3rd. Keefe, Bruyette & Woods restated a “market perform” rating and set a $90.00 price objective (up from $86.00) on shares of SEI Investments in a research note on Thursday, January 30th. Finally, Oppenheimer lifted their price objective on shares of SEI Investments from $85.00 to $94.00 and gave the company an “outperform” rating in a research note on Tuesday, January 7th. One analyst has rated the stock with a sell rating, two have given a hold rating and two have issued a buy rating to the stock. According to MarketBeat.com, SEI Investments currently has a consensus rating of “Hold” and an average price target of $90.00.

Insider Buying and Selling

In related news, Chairman Alfred P. West, Jr. sold 52,042 shares of SEI Investments stock in a transaction dated Monday, December 16th. The stock was sold at an average price of $85.23, for a total value of $4,435,539.66. Following the transaction, the chairman now owns 7,232,922 shares of the company’s stock, valued at approximately $616,461,942.06. This trade represents a 0.71 % decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, insider Mark Andrew Warner sold 5,000 shares of SEI Investments stock in a transaction dated Monday, March 3rd. The stock was sold at an average price of $80.39, for a total value of $401,950.00. Following the completion of the transaction, the insider now directly owns 1,300 shares in the company, valued at $104,507. This represents a 79.37 % decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders have sold 131,256 shares of company stock valued at $10,729,443. 14.30% of the stock is owned by corporate insiders.

SEI Investments Stock Down 2.3 %

NASDAQ:SEIC opened at $72.08 on Friday. The business’s 50-day moving average price is $81.60 and its 200 day moving average price is $77.67. The firm has a market cap of $9.15 billion, a P/E ratio of 16.31, a PEG ratio of 1.41 and a beta of 0.94. SEI Investments has a 52-week low of $62.38 and a 52-week high of $87.25.

SEI Investments (NASDAQ:SEIC) last released its 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%. Sell-side analysts expect that SEI Investments will post 4.86 EPS for the current year.

About SEI Investments

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.