SEI Investments Company $SEIC Shares Sold by AlTi Global Inc.

Key Points

• AlTi Global Inc. has reduced its stake in SEI Investments Company by 30.9%, now owning 18,991 shares valued at approximately $1.47 million.
• In contrast, other institutional investors like Versant Capital Management Inc. and Cullen Frost Bankers Inc. have significantly increased their holdings, showcasing varied institutional interest.
• SEI Investments reported $1.78 earnings per share, surpassing analyst expectations, and expects an EPS of 4.86 for the current fiscal year.

AlTi Global Inc. decreased its holdings in SEI Investments Company (NASDAQ:SEIC - Free Report) by 30.9% in the 1st quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 18,991 shares of the asset manager's stock after selling 8,480 shares during the period. AlTi Global Inc.'s holdings in SEI Investments were worth $1,474,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors have also modified their holdings of the company. Versant Capital Management Inc grew its stake in shares of SEI Investments by 156.1% in the first quarter. Versant Capital Management Inc now owns 543 shares of the asset manager's stock worth $42,000 after acquiring an additional 331 shares in the last quarter. First Horizon Advisors Inc. grew its stake in shares of SEI Investments by 38.9% in the first quarter. First Horizon Advisors Inc. now owns 803 shares of the asset manager's stock worth $62,000 after acquiring an additional 225 shares in the last quarter. Farther Finance Advisors LLC grew its stake in shares of SEI Investments by 104.3% in the first quarter. Farther Finance Advisors LLC now owns 1,334 shares of the asset manager's stock worth $103,000 after acquiring an additional 681 shares in the last quarter. Cullen Frost Bankers Inc. grew its stake in shares of SEI Investments by 1,563.4% in the first quarter. Cullen Frost Bankers Inc. now owns 1,364 shares of the asset manager's stock worth $106,000 after acquiring an additional 1,282 shares in the last quarter. Finally, Harel Insurance Investments & Financial Services Ltd. acquired a new position in shares of SEI Investments in the first quarter worth $132,000. Institutional investors and hedge funds own 70.59% of the company's stock.

SEI Investments Price Performance

Shares of SEIC opened at $87.72 on Thursday. SEI Investments Company has a 1-year low of $64.66 and a 1-year high of $93.96. The stock has a market cap of $10.84 billion, a PE ratio of 16.46, a price-to-earnings-growth ratio of 1.37 and a beta of 0.98. The firm has a fifty day moving average price of $89.82 and a 200 day moving average price of $82.78.

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

Analyst Ratings Changes

SEIC has been the subject of several recent analyst reports. Morgan Stanley reaffirmed an "overweight" rating and set a $100.00 price objective (up from $84.00) on shares of SEI Investments in a research report on Thursday, June 26th. Keefe, Bruyette & Woods reaffirmed a "market perform" rating and set a $98.00 price objective (down from $100.00) on shares of SEI Investments in a research report on Thursday, July 24th. Oppenheimer lifted their price objective on shares of SEI Investments from $96.00 to $101.00 and gave the stock an "outperform" rating in a research report on Tuesday, July 8th. Piper Sandler decreased their price objective on shares of SEI Investments from $96.00 to $93.00 and set a "neutral" rating for the company in a research report on Thursday, July 24th. Finally, Zacks Research cut shares of SEI Investments from a "strong-buy" rating to a "hold" rating in a research report on Monday. Three equities research analysts have rated the stock with a Buy rating and four have assigned a Hold rating to the stock. According to data from MarketBeat, the stock has an average rating of "Hold" and an average price target of $102.00.

Insiders Place Their Bets

In other SEI Investments news, insider Mark Andrew Warner sold 5,000 shares of SEI Investments stock in a transaction on Tuesday, July 29th. The shares were sold at an average price of $88.75, for a total value of $443,750.00. Following the transaction, the insider directly owned 1,300 shares in the company, valued at approximately $115,375. The trade was a 79.37% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, CEO Ryan Hicke sold 35,000 shares of SEI Investments stock in a transaction on Tuesday, August 19th. The shares were sold at an average price of $88.30, for a total transaction of $3,090,500.00. Following the completion of the transaction, the chief executive officer owned 171,260 shares in the company, valued at approximately $15,122,258. This represents a 16.97% decrease in their ownership of the stock. The disclosure for this sale can be found here. 14.30% of the stock is owned by insiders.

SEI Investments Company 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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