45,822 Shares in SEI Investments Company $SEIC Bought by M&T Bank Corp

Key Points

• M&T Bank Corp established a new position in SEI Investments (NASDAQ:SEIC), buying 45,822 shares valued at about $3.76 million in the fourth quarter.
• Q1 results showed an EPS beat of $1.44 (vs. $1.29 consensus) with margin and AUM improvement, but revenue of roughly $622M trailed some estimates (~$642M), creating a mixed read.
• Significant insider selling has occurred recently — insiders sold 186,447 shares (~$15.95M) over the past 90 days — while insiders still own 14.3% and institutional investors hold about 70.6% of the stock.

M&T Bank Corp bought a new position in SEI Investments Company (NASDAQ:SEIC - Free Report) during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm bought 45,822 shares of the asset manager's stock, valued at approximately $3,758,000.

Several other large investors have also made changes to their positions in SEIC. Qube Research & Technologies Ltd increased its holdings in SEI Investments by 82.5% in the 3rd quarter. Qube Research & Technologies Ltd now owns 766,775 shares of the asset manager's stock valued at $65,061,000 after purchasing an additional 346,696 shares in the last quarter. Caisse de depot et placement du Quebec increased its holdings in SEI Investments by 31.0% in the 3rd quarter. Caisse de depot et placement du Quebec now owns 1,343,757 shares of the asset manager's stock valued at $114,018,000 after purchasing an additional 317,703 shares in the last quarter. Prana Capital Management LP increased its holdings in SEI Investments by 60.8% in the 3rd quarter. Prana Capital Management LP now owns 711,311 shares of the asset manager's stock valued at $60,355,000 after purchasing an additional 269,023 shares in the last quarter. Ameriprise Financial Inc. increased its holdings in SEI Investments by 37.2% in the 3rd quarter. Ameriprise Financial Inc. now owns 815,694 shares of the asset manager's stock valued at $69,206,000 after purchasing an additional 221,033 shares in the last quarter. Finally, Thrivent Financial for Lutherans increased its holdings in SEI Investments by 141.8% in the 3rd quarter. Thrivent Financial for Lutherans now owns 252,231 shares of the asset manager's stock valued at $21,401,000 after purchasing an additional 147,938 shares in the last quarter. 70.59% of the stock is owned by hedge funds and other institutional investors.

Key SEI Investments News

Here are the key news stories impacting SEI Investments this week:

• Positive Sentiment: Q1 earnings beat and margin gains — SEI reported Q1 EPS of $1.44, topping consensus and showing year‑over‑year revenue and operating‑margin improvement, a core positive for an asset manager that supports forward earnings expectations. PR Newswire: Q1 Results
• Positive Sentiment: Analyst upgrade lifts sentiment — Keefe, Bruyette & Woods raised its price target to $107 and kept an outperform rating, signaling institutional confidence in SEI’s growth trajectory and providing upside support. Benzinga: KBW Raise
• Neutral Sentiment: Revenue vs. estimates and AUM dynamics — while revenue and AUM rose year‑over‑year, reported revenue (~$622M) came in below some consensus estimates, creating a mixed read despite the EPS beat; read-throughs from the earnings call/transcript add nuance on fee mix and expense timing. Yahoo: Q1 Highlights
• Negative Sentiment: Significant insider selling — Director/insider Sanjay Sharma disclosed a sale of 25,000 shares (~38.6% reduction) at an average ~$90.12 and another insider, Philip McCabe, sold 15,000 shares at ~$91.82; large, concurrent insider disposals can be perceived negatively by the market even if sales are for diversification or tax reasons. S. Sharma SEC Filing P. McCabe SEC Filing

Wall Street Analyst Weigh In

Several brokerages have recently weighed in on SEIC. UBS Group began coverage on SEI Investments in a research note on Wednesday, February 4th. They set a "buy" rating and a $115.00 target price for the company. Morgan Stanley lowered their target price on SEI Investments from $119.00 to $108.00 and set an "overweight" rating for the company in a research note on Thursday, April 2nd. Piper Sandler restated an "overweight" rating and set a $105.00 target price (up from $99.00) on shares of SEI Investments in a research note on Thursday. Raymond James Financial restated an "outperform" rating and set a $117.00 target price on shares of SEI Investments in a research note on Monday, January 5th. Finally, Weiss Ratings restated a "buy (b)" rating on shares of SEI Investments in a research note on Tuesday, April 21st. Seven research analysts have rated the stock with a Buy rating and one has given a Hold rating to the stock. Based on data from MarketBeat.com, SEI Investments currently has an average rating of "Moderate Buy" and a consensus target price of $108.83.

SEI Investments Price Performance

NASDAQ:SEIC opened at $88.84 on Monday. The company has a debt-to-equity ratio of 0.07, a quick ratio of 4.40 and a current ratio of 4.52. The stock has a 50-day simple moving average of $79.82 and a 200 day simple moving average of $81.91. SEI Investments Company has a one year low of $75.08 and a one year high of $93.96. The company has a market capitalization of $10.75 billion, a price-to-earnings ratio of 15.16 and a beta of 0.94.

SEI Investments (NASDAQ:SEIC - Get Free Report) last issued its earnings results on Wednesday, April 22nd. The asset manager reported $1.44 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $1.29 by $0.15. SEI Investments had a net margin of 31.17% and a return on equity of 30.70%. The firm had revenue of $622.18 million for the quarter, compared to analysts' expectations of $641.82 million. During the same quarter last year, the company posted $1.17 earnings per share. SEI Investments's revenue was up 12.9% on a year-over-year basis. Sell-side analysts predict that SEI Investments Company will post 5.9 EPS for the current fiscal year.

Insider Transactions at SEI Investments

In other SEI Investments news, insider Mark Andrew Warner sold 4,000 shares of the firm's stock in a transaction dated Wednesday, February 25th. The shares were sold at an average price of $81.74, for a total value of $326,960.00. Following the transaction, the insider owned 921 shares of the company's stock, valued at $75,282.54. This trade represents a 81.28% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this link. Also, insider Philip Mccabe sold 15,000 shares of the firm's stock in a transaction dated Thursday, April 23rd. The stock was sold at an average price of $91.82, for a total transaction of $1,377,300.00. Following the completion of the transaction, the insider directly owned 54,884 shares in the company, valued at $5,039,448.88. This represents a 21.46% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold a total of 186,447 shares of company stock valued at $15,948,959 over the last ninety days. Insiders own 14.30% of the company's stock.

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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