22,316 Shares in SEI Investments Company $SEIC Purchased by Deutsche Bank AG

Key Points

• Deutsche Bank acquired 22,316 shares of SEI Investments in the second quarter, valued at approximately $1.96 million. Institutional investors collectively own 70.59% of the company.
• Analysts remain broadly positive, with six Buy ratings and one Hold rating; SEIC has a consensus rating of “Moderate Buy” and an average price target of $122.60.
• SEI Investments exceeded quarterly expectations, reporting adjusted EPS of $1.66 versus the $1.44 consensus and revenue of $641.62 million, up 14.7% year over year. Meanwhile, insiders sold 142,332 shares worth approximately $13.75 million over the past 90 days.

Deutsche Bank AG purchased a new stake in SEI Investments Company (NASDAQ:SEIC - Free Report) in the second quarter, according to its most recent Form 13F filing with the SEC. The institutional investor purchased 22,316 shares of the asset manager's stock, valued at approximately $1,957,000.

Several other large investors also recently made changes to their positions in SEIC. Simplicity Wealth LLC acquired a new position in shares of SEI Investments in the 2nd quarter worth approximately $562,000. HBK Sorce Advisory LLC acquired a new stake in SEI Investments during the second quarter valued at approximately $5,426,000. Northstar Financial Companies Inc. acquired a new stake in SEI Investments during the second quarter valued at approximately $327,000. Global Retirement Partners LLC bought a new stake in SEI Investments during the second quarter worth approximately $352,000. Finally, Bank of New York Mellon Corp acquired a new position in SEI Investments in the second quarter worth approximately $78,430,000. Institutional investors own 70.59% of the company's stock.

Wall Street Analyst Weigh In

A number of equities research analysts have recently commented on SEIC shares. UBS Group reiterated a "buy" rating and set a $125.00 price objective on shares of SEI Investments in a research report on Thursday, July 23rd. Raymond James Financial lifted their target price on SEI Investments from $122.00 to $124.00 and gave the stock an "outperform" rating in a report on Monday, July 6th. Piper Sandler boosted their target price on SEI Investments from $114.00 to $120.00 and gave the stock an "overweight" rating in a research report on Thursday, July 23rd. Morgan Stanley upped their target price on SEI Investments from $115.00 to $125.00 and gave the company an "overweight" rating in a report on Thursday, July 23rd. Finally, Wall Street Zen upgraded SEI Investments from a "hold" rating to a "buy" rating in a research report on Saturday, July 25th. Six research analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the company's stock. According to MarketBeat, SEI Investments has an average rating of "Moderate Buy" and a consensus target price of $122.60.

Insider Transactions at SEI Investments

In related news, Director Kathryn Mccarthy sold 10,000 shares of the firm's stock in a transaction that occurred on Monday, August 3rd. The shares were sold at an average price of $103.53, for a total transaction of $1,035,300.00. Following the transaction, the director owned 77,883 shares of the company's stock, valued at approximately $8,063,226.99. This trade represents a 11.38% 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, insider Sanjay Sharma sold 20,000 shares of SEI Investments stock in a transaction that occurred on Friday, July 24th. The shares were sold at an average price of $99.33, for a total transaction of $1,986,600.00. Following the completion of the sale, the insider owned 39,829 shares of the company's stock, valued at $3,956,214.57. This trade represents a 33.43% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders have sold a total of 142,332 shares of company stock valued at $13,745,813 in the last ninety days. 4.80% of the stock is currently owned by insiders.

SEI Investments Stock Performance

SEIC stock opened at $111.63 on Friday. The firm has a 50 day simple moving average of $100.09 and a 200 day simple moving average of $89.67. SEI Investments Company has a 52 week low of $75.08 and a 52 week high of $112.15. The stock has a market cap of $13.40 billion, a P/E ratio of 19.69 and a beta of 0.96. The company has a debt-to-equity ratio of 0.06, a quick ratio of 4.96 and a current ratio of 5.06.

SEI Investments (NASDAQ:SEIC - Get Free Report) last issued its earnings results on Wednesday, July 22nd. The asset manager reported $1.66 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $1.44 by $0.22. SEI Investments had a net margin of 28.85% and a return on equity of 29.16%. The company had revenue of $641.62 million during the quarter, compared to analyst estimates of $636.35 million. During the same quarter last year, the business posted $1.78 EPS. The company's revenue for the quarter was up 14.7% on a year-over-year basis. Research analysts anticipate that SEI Investments Company will post 6.2 earnings per share for the current fiscal year.

SEI Investments Profile

SEI Investments Company is a global provider of asset management, investment processing, and investment operations solutions. The firm offers a range of services designed to help financial institutions, private banks, wealth managers and family offices streamline back-office functions and enhance front-office capabilities. SEI's technology platforms support various stages of the investment lifecycle, including trade execution, performance reporting, risk analytics and client communications.

The company's core offerings include outsourced fund administration, custody and trust services, managed account solutions, and wealth management technology.

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