UBS Group AG Has $52.18 Million Stock Position in SEI Investments Company $SEIC

Key Points

• UBS Group AG increased its stake in SEI Investments by 43.4% in Q4 to 636,192 shares, a holding worth about $52.18 million (roughly 0.52% of the company).
• Insiders have been net sellers: 120,447 shares (~$10.24 million) were sold in the last three months, including Sanjay Sharma's 25,000-share sale, and insiders now own about 4.8% of the stock.
• SEI beat quarterly EPS estimates ($1.44 vs. $1.29) with revenue up 12.9% year-over-year but slightly below expectations, and analysts maintain a consensus "Moderate Buy" rating with an average price target of $103.

UBS Group AG increased its position in SEI Investments Company (NASDAQ:SEIC - Free Report) by 43.4% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 636,192 shares of the asset manager's stock after purchasing an additional 192,470 shares during the quarter. UBS Group AG owned approximately 0.52% of SEI Investments worth $52,180,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in SEIC. Root Financial Partners LLC acquired a new stake in SEI Investments in the third quarter worth about $28,000. Community Bank N.A. acquired a new stake in SEI Investments in the third quarter worth about $35,000. Allworth Financial LP increased its position in SEI Investments by 44.0% in the third quarter. Allworth Financial LP now owns 432 shares of the asset manager's stock worth $37,000 after purchasing an additional 132 shares during the period. CIBC Private Wealth Group LLC increased its position in SEI Investments by 353.1% in the third quarter. CIBC Private Wealth Group LLC now owns 435 shares of the asset manager's stock worth $37,000 after purchasing an additional 339 shares during the period. Finally, Geneos Wealth Management Inc. increased its position in SEI Investments by 60.2% in the first quarter. Geneos Wealth Management Inc. now owns 532 shares of the asset manager's stock worth $41,000 after purchasing an additional 200 shares during the period. 70.59% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

SEIC has been the subject of a number of research reports. Morgan Stanley lowered their price objective on SEI Investments from $119.00 to $108.00 and set an "overweight" rating for the company in a research report on Thursday, April 2nd. UBS Group initiated coverage on SEI Investments in a research note on Wednesday, February 4th. They set a "buy" rating and a $115.00 price objective for the company. Piper Sandler reaffirmed an "overweight" rating and set a $105.00 price objective (up from $99.00) on shares of SEI Investments in a research note on Thursday, April 23rd. Weiss Ratings reaffirmed a "buy (b)" rating on shares of SEI Investments in a research note on Tuesday, April 21st. Finally, Raymond James Financial reaffirmed an "outperform" rating and set a $82.00 price objective on shares of SEI Investments in a research note on Wednesday, April 29th. Seven equities research analysts have rated the stock with a Buy rating and one has issued a Hold rating to the company's stock. According to data from MarketBeat, the stock has a consensus rating of "Moderate Buy" and an average price target of $103.00.

Insiders Place Their Bets

In related news, insider Sanjay Sharma sold 25,000 shares of the business's stock in a transaction that occurred on Thursday, April 23rd. The stock was sold at an average price of $90.12, for a total value of $2,253,000.00. Following the completion of the transaction, the insider directly owned 39,829 shares in the company, valued at approximately $3,589,389.48. The trade was a 38.56% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, insider Mark Andrew Warner sold 4,000 shares of the company's stock in a transaction that occurred on Tuesday, April 28th. The shares were sold at an average price of $91.16, for a total transaction of $364,640.00. Following the completion of the transaction, the insider owned 921 shares of the company's stock, valued at $83,958.36. This trade represents a 81.28% decrease in their position. The SEC filing for this sale provides additional information. Insiders sold 120,447 shares of company stock worth $10,235,499 in the last three months. 4.80% of the stock is owned by corporate insiders.

SEI Investments Price Performance

Shares of SEIC stock opened at $90.79 on Wednesday. SEI Investments Company has a 12-month low of $75.08 and a 12-month high of $93.96. The firm has a market capitalization of $10.92 billion, a price-to-earnings ratio of 15.49 and a beta of 1.00. The company has a quick ratio of 4.40, a current ratio of 4.52 and a debt-to-equity ratio of 0.07. The firm has a fifty day moving average of $80.90 and a 200-day moving average of $82.20.

SEI Investments (NASDAQ:SEIC - Get Free Report) last announced its quarterly earnings results on Wednesday, April 22nd. The asset manager reported $1.44 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.29 by $0.15. SEI Investments had a net margin of 31.17% and a return on equity of 30.70%. The company had revenue of $622.18 million during the quarter, compared to analyst estimates of $641.82 million. During the same quarter in the previous year, the business earned $1.17 EPS. The firm's revenue was up 12.9% on a year-over-year basis. On average, equities research analysts forecast that SEI Investments Company will post 5.9 earnings per share for the current 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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