SEI Investments (NASDAQ:SEIC) Shares Sold by Brevan Howard Capital Management LP

Brevan Howard Capital Management LP lowered its position in shares of SEI Investments (NASDAQ:SEIC - Free Report) by 66.6% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 5,526 shares of the asset manager's stock after selling 11,022 shares during the period. Brevan Howard Capital Management LP's holdings in SEI Investments were worth $456,000 at the end of the most recent quarter.

Several other large investors have also recently bought and sold shares of SEIC. CoreFirst Bank & Trust acquired a new position in SEI Investments in the fourth quarter valued at $31,000. Allworth Financial LP grew its stake in SEI Investments by 53.7% during the 4th quarter. Allworth Financial LP now owns 452 shares of the asset manager's stock worth $38,000 after buying an additional 158 shares during the last quarter. First Horizon Advisors Inc. increased its position in SEI Investments by 25.4% during the fourth quarter. First Horizon Advisors Inc. now owns 578 shares of the asset manager's stock worth $48,000 after buying an additional 117 shares during the period. Rialto Wealth Management LLC purchased a new stake in SEI Investments in the fourth quarter valued at approximately $55,000. Finally, EverSource Wealth Advisors LLC grew its position in shares of SEI Investments by 25.0% during the fourth quarter. EverSource Wealth Advisors LLC now owns 860 shares of the asset manager's stock worth $71,000 after acquiring an additional 172 shares during the last quarter. Hedge funds and other institutional investors own 70.59% of the company's stock.

Insider Transactions at SEI Investments

In other SEI Investments news, insider Mark Andrew Warner sold 5,000 shares of the stock in a transaction that occurred on Monday, March 3rd. The shares were sold at an average price of $80.39, for a total value of $401,950.00. Following the completion of the sale, the insider now owns 1,300 shares of the company's stock, valued at $104,507. This trade represents a 79.37% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, Chairman Alfred P. West, Jr. sold 72,842 shares of the company's stock in a transaction on Monday, March 3rd. The shares were sold at an average price of $79.45, for a total transaction of $5,787,296.90. Following the completion of the transaction, the chairman now owns 7,160,080 shares of the company's stock, valued at $568,868,356. This trade represents a 1.01% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last quarter, insiders sold 79,214 shares of company stock worth $6,293,903. 14.60% of the stock is currently owned by company insiders.

Wall Street Analysts Forecast Growth

Several equities analysts recently issued reports on SEIC shares. Piper Sandler boosted their price target on SEI Investments from $74.00 to $79.00 and gave the company a "neutral" rating in a research report on Thursday, April 24th. Keefe, Bruyette & Woods increased their price target on SEI Investments from $80.00 to $84.00 and gave the stock a "market perform" rating in a report on Friday, April 25th. Oppenheimer reissued an "outperform" rating on shares of SEI Investments in a research note on Thursday, April 24th. StockNews.com upgraded shares of SEI Investments from a "hold" rating to a "buy" rating in a research note on Saturday. Finally, Morgan Stanley reiterated an "overweight" rating and set a $82.00 price target (up from $77.00) on shares of SEI Investments in a research note on Thursday, April 24th. Three equities research analysts have rated the stock with a hold rating and four have given a buy rating to the company. According to data from MarketBeat.com, the company presently has an average rating of "Moderate Buy" and an average price target of $87.60.

SEI Investments Stock Up 0.4%

Shares of SEIC stock traded up $0.32 during mid-day trading on Tuesday, hitting $83.98. 713,066 shares of the company's stock were exchanged, compared to its average volume of 658,141. The stock has a market cap of $10.45 billion, a price-to-earnings ratio of 19.00, a PEG ratio of 1.41 and a beta of 0.90. SEI Investments has a fifty-two week low of $62.38 and a fifty-two week high of $87.25. The stock has a 50-day simple moving average of $75.30 and a two-hundred day simple moving average of $79.62.

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

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

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.