2,882 Shares in SEI Investments (NASDAQ:SEIC) Bought by B. Metzler seel. Sohn & Co. AG

B. Metzler seel. Sohn & Co. AG bought a new position in SEI Investments (NASDAQ:SEIC) in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor bought 2,882 shares of the asset manager’s stock, valued at approximately $238,000.

A number of other large investors have also recently added to or reduced their stakes in SEIC. King Luther Capital Management Corp acquired a new position in shares of SEI Investments during the fourth quarter worth about $2,645,000. Boston Trust Walden Corp lifted its stake in SEI Investments by 1.6% in the 4th quarter. Boston Trust Walden Corp now owns 1,306,329 shares of the asset manager’s stock valued at $107,746,000 after acquiring an additional 20,020 shares in the last quarter. Longboard Asset Management LP acquired a new position in SEI Investments during the 4th quarter worth approximately $267,000. New York Life Investment Management LLC bought a new position in shares of SEI Investments during the 4th quarter worth approximately $863,000. Finally, CHURCHILL MANAGEMENT Corp acquired a new stake in shares of SEI Investments in the fourth quarter valued at approximately $1,818,000. Institutional investors own 70.59% of the company’s stock.

Analyst Upgrades and Downgrades

A number of research analysts recently weighed in on SEIC shares. Raymond James raised shares of SEI Investments from a “market perform” rating to an “outperform” rating and set a $99.00 target price for the company in a research report on Thursday, January 30th. Keefe, Bruyette & Woods reaffirmed a “market perform” rating and issued a $90.00 target price (up previously from $86.00) on shares of SEI Investments in a research report on Thursday, January 30th. Piper Sandler upped their target price on SEI Investments from $77.00 to $87.00 and gave the stock a “neutral” rating in a report on Monday, December 23rd. Oppenheimer raised their price target on SEI Investments from $85.00 to $94.00 and gave the company an “outperform” rating in a research note on Tuesday, January 7th. Finally, Morgan Stanley dropped their price objective on SEI Investments from $84.00 to $81.00 and set an “underweight” rating on the stock in a research note on Wednesday. One investment analyst has rated the stock with a sell rating, two have issued a hold rating and two have issued a buy rating to the stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Hold” and an average price target of $90.20.

Insider Transactions at SEI Investments

In other news, insider Mark Andrew Warner sold 5,000 shares of the company’s stock in a transaction that occurred on Monday, March 3rd. The stock was sold at an average price of $80.39, for a total value of $401,950.00. Following the transaction, the insider now owns 1,300 shares of the company’s stock, valued at approximately $104,507. This represents a 79.37 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, Chairman Alfred P. West, Jr. sold 1,372 shares of SEI Investments stock in a transaction that occurred on Wednesday, March 5th. The stock was sold at an average price of $76.28, for a total value of $104,656.16. Following the sale, the chairman now directly owns 7,078,708 shares of the company’s stock, valued at approximately $539,963,846.24. The trade was a 0.02 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last 90 days, insiders sold 79,214 shares of company stock worth $6,293,903. 14.30% of the stock is owned by insiders.

SEI Investments Stock Down 6.1 %

Shares of NASDAQ SEIC opened at $69.02 on Friday. The business’s 50 day moving average price is $79.41 and its two-hundred day moving average price is $78.64. The company has a market cap of $8.76 billion, a PE ratio of 15.62, a price-to-earnings-growth ratio of 1.41 and a beta of 0.94. SEI Investments has a twelve month low of $62.38 and a twelve month high of $87.25.

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

SEI Investments announced that its board has authorized a share buyback program on Tuesday, March 18th that permits the company to buyback $500.00 million in shares. This buyback authorization permits the asset manager to reacquire up to 5.3% of its shares through open market purchases. Shares buyback programs are typically a sign that the company’s board believes its shares are 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.