Corient Private Wealth LP Raises Holdings in SEI Investments Company $SEIC

Key Points

• Corient Private Wealth increased its SEI Investments stake by 11.1% in the second quarter, bringing its holdings to 102,534 shares valued at approximately $8.99 million. Institutional investors collectively own 70.59% of the company.
• Analysts remain broadly positive, with seven Buy ratings and one Hold rating, while the consensus price target rose to $122.60 from the current share price of about $104.57.
• SEI Investments exceeded quarterly expectations, reporting $1.66 in EPS versus the $1.44 consensus and revenue of $641.62 million, up 14.7% year over year. However, company insiders sold $17.9 million of stock over the past 90 days.

Corient Private Wealth LP grew its stake in shares of SEI Investments Company (NASDAQ:SEIC - Free Report) by 11.1% in the second quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 102,534 shares of the asset manager's stock after purchasing an additional 10,246 shares during the quarter. Corient Private Wealth LP owned approximately 0.09% of SEI Investments worth $8,993,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently made changes to their positions in the company. Oxbow Advisors LLC purchased a new position in SEI Investments during the 1st quarter valued at about $3,283,000. Jupiter Topco LLC bought a new stake in shares of SEI Investments in the 2nd quarter worth approximately $3,958,000. Fideuram Intesa Sanpaolo Private Banking S.P.A. bought a new stake in shares of SEI Investments in the 4th quarter worth approximately $3,217,000. Lazard Asset Management LLC increased its stake in shares of SEI Investments by 85.2% during the first quarter. Lazard Asset Management LLC now owns 38,037 shares of the asset manager's stock valued at $2,985,000 after buying an additional 17,504 shares during the period. Finally, King Luther Capital Management Corp increased its stake in shares of SEI Investments by 10.2% during the fourth quarter. King Luther Capital Management Corp now owns 137,439 shares of the asset manager's stock valued at $11,273,000 after buying an additional 12,713 shares during the period. Institutional investors own 70.59% of the company's stock.

Insider Activity at SEI Investments

In other SEI Investments news, insider Mark Warner sold 15,000 shares of the stock in a transaction dated Tuesday, July 28th. The stock was sold at an average price of $102.35, for a total value of $1,535,250.00. Following the transaction, the insider owned 921 shares of the company's stock, valued at approximately $94,264.35. This represents a 94.22% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Carl Guarino sold 10,000 shares of the business's stock in a transaction dated Tuesday, July 28th. The shares were sold at an average price of $103.19, for a total value of $1,031,900.00. Following the sale, the director owned 18,308 shares of the company's stock, valued at approximately $1,889,202.52. This represents a 35.33% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders have sold 179,832 shares of company stock valued at $17,897,438 in the last 90 days. 4.80% of the stock is owned by company insiders.

Analysts Set New Price Targets

Several equities research analysts have recently commented on the stock. Keefe, Bruyette & Woods raised their target price on shares of SEI Investments from $113.00 to $119.00 and gave the stock an "outperform" rating in a research report on Thursday, July 23rd. Raymond James Financial increased their price target on shares of SEI Investments from $122.00 to $124.00 and gave the stock an "outperform" rating in a research note on Monday, July 6th. Zacks Research cut SEI Investments from a "strong-buy" rating to a "hold" rating in a research report on Friday, August 21st. Piper Sandler upped their target price on SEI Investments from $114.00 to $120.00 and gave the stock an "overweight" rating in a report on Thursday, July 23rd. Finally, William Blair upgraded SEI Investments from a "market perform" rating to an "outperform" rating in a research note on Tuesday. Seven equities research analysts have rated the stock with a Buy rating and one has given a Hold rating to the company's stock. According to data from MarketBeat, SEI Investments currently has an average rating of "Moderate Buy" and a consensus price target of $122.60.

SEI Investments Trading Down 1.2%

Shares of SEIC stock opened at $104.57 on Thursday. SEI Investments Company has a 12-month low of $75.08 and a 12-month high of $112.15. The company has a current ratio of 5.06, a quick ratio of 4.96 and a debt-to-equity ratio of 0.06. The firm's 50 day moving average is $104.69 and its 200 day moving average is $92.26. The stock has a market capitalization of $12.55 billion, a P/E ratio of 18.44 and a beta of 0.97.

SEI Investments (NASDAQ:SEIC - Get Free Report) last released its quarterly earnings results on Wednesday, July 22nd. The asset manager reported $1.66 earnings per share for the quarter, beating the consensus estimate of $1.44 by $0.22. The firm had revenue of $641.62 million for the quarter, compared to analysts' expectations of $636.35 million. SEI Investments had a return on equity of 29.16% and a net margin of 28.85%.The company's revenue was up 14.7% compared to the same quarter last year. During the same period in the prior year, the firm earned $1.78 EPS. Research analysts expect that SEI Investments Company will post 6.21 earnings per share for the current year.

SEI Investments Company Profile

SEI Investments Company is a financial technology and investment solutions provider serving wealth managers, asset managers, institutional investors, banks and family offices. The company combines technology, outsourced operations and investment expertise to help clients manage portfolios, administer funds and support their broader financial businesses.

Its offerings include the SEI Wealth Platform, which provides technology and operating infrastructure for wealth management firms; investment processing and administration services; fund accounting and administration; and technology and operational support for investment managers.

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