BNP Paribas Financial Markets Has $6.17 Million Stake in SEI Investments (NASDAQ:SEIC)

BNP Paribas Financial Markets cut its holdings in shares of SEI Investments (NASDAQ:SEIC - Free Report) by 17.8% during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 74,764 shares of the asset manager's stock after selling 16,138 shares during the period. BNP Paribas Financial Markets owned approximately 0.06% of SEI Investments worth $6,167,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in SEIC. Nordea Investment Management AB raised its position in shares of SEI Investments by 13.7% during the fourth quarter. Nordea Investment Management AB now owns 9,389 shares of the asset manager's stock worth $780,000 after purchasing an additional 1,131 shares during the period. Cooper Financial Group bought a new stake in SEI Investments during the 4th quarter worth approximately $320,000. CHURCHILL MANAGEMENT Corp bought a new stake in SEI Investments during the 4th quarter worth approximately $1,818,000. Hennion & Walsh Asset Management Inc. raised its holdings in SEI Investments by 20.1% during the 4th quarter. Hennion & Walsh Asset Management Inc. now owns 11,722 shares of the asset manager's stock worth $967,000 after buying an additional 1,961 shares during the period. Finally, West Coast Financial LLC lifted its stake in SEI Investments by 0.6% in the fourth quarter. West Coast Financial LLC now owns 118,103 shares of the asset manager's stock valued at $9,741,000 after buying an additional 721 shares in the last quarter. 70.59% of the stock is owned by institutional investors and hedge funds.

SEI Investments Price Performance

NASDAQ:SEIC traded up $0.61 on Friday, hitting $85.38. 765,718 shares of the company's stock were exchanged, compared to its average volume of 663,469. The firm has a 50-day moving average price of $75.82 and a 200-day moving average price of $79.74. SEI Investments has a 52 week low of $62.38 and a 52 week high of $87.25. The company has a market cap of $10.63 billion, a P/E ratio of 19.32, a price-to-earnings-growth ratio of 1.41 and a beta of 0.90.

SEI Investments (NASDAQ:SEIC - Get Free Report) last released its earnings results on Wednesday, April 23rd. The asset manager reported $1.17 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.12 by $0.05. SEI Investments had a return on equity of 25.51% and a net margin of 27.35%. The business had revenue of $551.34 million for the quarter, compared to analyst estimates of $556.76 million. During the same quarter in the prior year, the company posted $0.99 earnings per share. SEI Investments's revenue was up 7.8% on a year-over-year basis. On average, research analysts expect that SEI Investments will post 4.86 earnings per share for the current fiscal year.

SEI Investments declared that its board has authorized a stock repurchase program on Tuesday, March 18th that permits the company to buyback $500.00 million in outstanding shares. This buyback authorization permits the asset manager to purchase up to 5.3% of its stock through open market purchases. Stock buyback programs are often a sign that the company's board of directors believes its shares are undervalued.

Analysts Set New Price Targets

SEIC has been the subject of several research reports. Morgan Stanley reissued an "overweight" rating and set a $82.00 price objective (up previously from $77.00) on shares of SEI Investments in a research report on Thursday, April 24th. Oppenheimer reiterated an "outperform" rating on shares of SEI Investments in a report on Thursday, April 24th. 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 report on Thursday, January 30th. Piper Sandler upped their price objective on SEI Investments from $74.00 to $79.00 and gave the stock a "neutral" rating in a research report on Thursday, April 24th. Finally, StockNews.com upgraded SEI Investments from a "hold" rating to a "buy" rating in a report on Saturday, May 10th. Three investment analysts have rated the stock with a hold rating and four have issued a buy rating to the company's stock. According to data from MarketBeat, the stock has an average rating of "Moderate Buy" and an average target price of $87.60.

Insider Buying and Selling at SEI Investments

In related news, insider Mark Andrew Warner sold 5,000 shares of the business's stock in a transaction on Monday, March 3rd. The shares were sold at an average price of $80.39, for a total transaction of $401,950.00. Following the transaction, the insider now directly owns 1,300 shares in the company, valued at approximately $104,507. The trade was a 79.37% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, EVP Michael Peterson sold 50,000 shares of the company's stock in a transaction on Thursday, May 15th. The stock was sold at an average price of $84.27, for a total transaction of $4,213,500.00. Following the sale, the executive vice president now directly owns 13,500 shares in the company, valued at $1,137,645. This trade represents a 78.74% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 170,214 shares of company stock worth $13,925,963 over the last ninety days. 14.60% of the stock is currently owned by corporate insiders.

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.