Marshall Financial Group LLC Invests $1.03 Million in SEI Investments Company $SEIC

Key Points

• Marshall Financial Group LLC invested approximately $1.03 million in SEI Investments Company by purchasing 11,163 shares during the 2nd quarter.
• Several institutional investors, including Cadence Bank and Tokio Marine Asset Management, have also recently increased their stakes in SEI Investments, indicating strong interest in the company.
• SEI Investments reported $1.78 EPS for the last quarter, exceeding analyst estimates and demonstrating a 7.8% increase in revenue year-over-year.

Marshall Financial Group LLC purchased a new stake in shares of SEI Investments Company (NASDAQ:SEIC - Free Report) during the 2nd quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor purchased 11,163 shares of the asset manager's stock, valued at approximately $1,034,000.

Several other hedge funds and other institutional investors also recently bought and sold shares of the stock. Cadence Bank grew its position in SEI Investments by 1.2% in the 1st quarter. Cadence Bank now owns 10,551 shares of the asset manager's stock valued at $819,000 after acquiring an additional 121 shares during the last quarter. Concurrent Investment Advisors LLC grew its position in SEI Investments by 2.9% in the 1st quarter. Concurrent Investment Advisors LLC now owns 5,600 shares of the asset manager's stock valued at $435,000 after acquiring an additional 160 shares during the last quarter. GHE LLC grew its position in SEI Investments by 2.0% in the 4th quarter. GHE LLC now owns 9,126 shares of the asset manager's stock valued at $753,000 after acquiring an additional 183 shares during the last quarter. Clark Capital Management Group Inc. grew its position in SEI Investments by 1.2% in the 1st quarter. Clark Capital Management Group Inc. now owns 15,195 shares of the asset manager's stock valued at $1,180,000 after acquiring an additional 183 shares during the last quarter. Finally, Tokio Marine Asset Management Co. Ltd. grew its position in SEI Investments by 8.0% in the 1st quarter. Tokio Marine Asset Management Co. Ltd. now owns 2,685 shares of the asset manager's stock valued at $208,000 after acquiring an additional 200 shares during the last quarter. Hedge funds and other institutional investors own 70.59% of the company's stock.

Wall Street Analyst Weigh In

A number of research firms have recently issued reports on SEIC. Piper Sandler dropped their price target on SEI Investments from $96.00 to $93.00 and set a "neutral" rating on the stock in a research report on Thursday, July 24th. Zacks Research downgraded SEI Investments from a "strong-buy" rating to a "hold" rating in a research report on Monday, September 1st. Raymond James Financial increased their price target on SEI Investments from $115.00 to $118.00 and gave the stock an "outperform" rating in a research report on Thursday, July 24th. Oppenheimer increased their price target on SEI Investments from $96.00 to $101.00 and gave the stock an "outperform" rating in a research report on Tuesday, July 8th. Finally, Morgan Stanley reaffirmed an "overweight" rating and set a $100.00 price objective (up previously from $84.00) on shares of SEI Investments in a research report on Thursday, June 26th. Three investment analysts have rated the stock with a Buy rating and four have issued a Hold rating to the company. Based on data from MarketBeat.com, SEI Investments currently has a consensus rating of "Hold" and an average price target of $102.00.

Insider Activity at SEI Investments

In other news, insider Mark Andrew Warner sold 5,000 shares of the business's stock in a transaction that occurred on Tuesday, July 29th. The stock was sold at an average price of $88.75, for a total value of $443,750.00. Following the completion of the sale, the insider directly owned 1,300 shares in the company, valued at $115,375. The trade was a 79.37% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, CEO Ryan Hicke sold 35,000 shares of the business's stock in a transaction that occurred on Tuesday, August 19th. The shares were sold at an average price of $88.30, for a total value of $3,090,500.00. Following the completion of the sale, the chief executive officer owned 171,260 shares of the company's stock, valued at $15,122,258. This trade represents a 16.97% decrease in their ownership of the stock. The disclosure for this sale can be found here. 14.60% of the stock is currently owned by company insiders.

SEI Investments Stock Down 0.6%

SEI Investments stock opened at $86.65 on Thursday. The firm has a market cap of $10.71 billion, a price-to-earnings ratio of 16.26, a price-to-earnings-growth ratio of 1.32 and a beta of 0.98. SEI Investments Company has a 52 week low of $64.66 and a 52 week high of $93.96. The business's 50-day moving average price is $88.94 and its 200 day moving average price is $83.21.

SEI Investments (NASDAQ:SEIC - Get Free Report) last posted its earnings results on Wednesday, July 23rd. The asset manager reported $1.78 EPS for the quarter, topping the consensus estimate of $1.18 by $0.60. The firm had revenue of $559.60 million for the quarter, compared to analyst estimates of $550.72 million. SEI Investments had a return on equity of 29.96% and a net margin of 31.25%.SEI Investments's revenue for the quarter was up 7.8% compared to the same quarter last year. During the same period last year, the company earned $1.05 earnings per share. Equities analysts expect that SEI Investments Company will post 4.86 EPS for the current year.

SEI Investments 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.

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