SEI Investments' (SEIC) Market Perform Rating Reaffirmed at Keefe, Bruyette & Woods

SEI Investments (NASDAQ:SEIC - Get Free Report)'s stock had its "market perform" rating reissued by equities research analysts at Keefe, Bruyette & Woods in a research report issued on Thursday, Benzinga reports. They currently have a $74.00 target price on the asset manager's stock, up from their prior target price of $72.00. Keefe, Bruyette & Woods' price target points to a potential upside of 11.31% from the company's current price.

SEIC has been the subject of several other research reports. Oppenheimer raised their target price on SEI Investments from $77.00 to $80.00 and gave the company an "outperform" rating in a research note on Tuesday, April 9th. StockNews.com raised SEI Investments from a "hold" rating to a "buy" rating in a research note on Saturday, March 2nd. Finally, Piper Sandler reduced their target price on SEI Investments from $72.00 to $69.00 and set a "neutral" rating for the company in a report on Thursday. One investment analyst has rated the stock with a sell rating, two have given a hold rating and two have assigned a buy rating to the company. Based on data from MarketBeat, SEI Investments has an average rating of "Hold" and a consensus target price of $71.00.

SEI Investments Stock Performance

Shares of NASDAQ:SEIC traded down $0.12 on Thursday, hitting $66.48. The company's stock had a trading volume of 892,775 shares, compared to its average volume of 581,138. SEI Investments has a 12 month low of $52.19 and a 12 month high of $72.54. The company has a market capitalization of $8.74 billion, a price-to-earnings ratio of 19.21, a price-to-earnings-growth ratio of 1.37 and a beta of 1.02. The stock's 50-day moving average is $68.56 and its two-hundred day moving average is $63.33.

SEI Investments (NASDAQ:SEIC - Get Free Report) last announced its earnings results on Wednesday, April 24th. The asset manager reported $0.99 earnings per share for the quarter, beating the consensus estimate of $0.98 by $0.01. SEI Investments had a return on equity of 22.40% and a net margin of 24.08%. The business had revenue of $511.58 million during the quarter, compared to analysts' expectations of $510.41 million. During the same quarter last year, the business posted $0.79 earnings per share. The company's quarterly revenue was up 9.1% on a year-over-year basis. Equities analysts expect that SEI Investments will post 4.08 earnings per share for the current fiscal year.

Insider Activity

In related news, EVP Wayne Withrow sold 16,970 shares of the stock in a transaction dated Wednesday, February 7th. The stock was sold at an average price of $66.16, for a total value of $1,122,735.20. Following the completion of the sale, the executive vice president now directly owns 55,399 shares of the company's stock, valued at approximately $3,665,197.84. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. In related news, EVP Wayne Withrow sold 16,970 shares of the stock in a transaction dated Wednesday, February 7th. The stock was sold at an average price of $66.16, for a total value of $1,122,735.20. Following the completion of the sale, the executive vice president now directly owns 55,399 shares of the company's stock, valued at approximately $3,665,197.84. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, insider Sanjay Sharma sold 15,000 shares of the stock in a transaction dated Monday, February 12th. The stock was sold at an average price of $67.20, for a total value of $1,008,000.00. Following the completion of the sale, the insider now directly owns 16,895 shares of the company's stock, valued at $1,135,344. The disclosure for this sale can be found here. Insiders sold a total of 206,333 shares of company stock valued at $14,481,612 over the last three months. Insiders own 15.50% of the company's stock.

Institutional Investors Weigh In On SEI Investments

Several hedge funds have recently bought and sold shares of the business. AE Wealth Management LLC increased its holdings in shares of SEI Investments by 15.6% during the 3rd quarter. AE Wealth Management LLC now owns 17,387 shares of the asset manager's stock valued at $1,047,000 after acquiring an additional 2,348 shares during the last quarter. Caprock Group LLC acquired a new position in shares of SEI Investments during the 3rd quarter valued at about $201,000. Oak Thistle LLC acquired a new stake in SEI Investments in the 3rd quarter valued at approximately $824,000. Asset Management One Co. Ltd. grew its holdings in SEI Investments by 45.6% in the 3rd quarter. Asset Management One Co. Ltd. now owns 62,714 shares of the asset manager's stock valued at $3,777,000 after buying an additional 19,629 shares during the last quarter. Finally, Handelsbanken Fonder AB grew its holdings in SEI Investments by 17.7% in the 3rd quarter. Handelsbanken Fonder AB now owns 25,900 shares of the asset manager's stock valued at $1,560,000 after buying an additional 3,900 shares during the last quarter. 70.59% of the stock is owned by hedge funds and other institutional investors.

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.