Sumitomo Mitsui Trust Holdings Inc. Has $17.96 Million Stock Holdings in SEI Investments (NASDAQ:SEIC)

Sumitomo Mitsui Trust Holdings Inc. lessened its holdings in shares of SEI Investments (NASDAQ:SEIC - Free Report) by 11.0% during the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 282,555 shares of the asset manager's stock after selling 34,938 shares during the quarter. Sumitomo Mitsui Trust Holdings Inc. owned approximately 0.21% of SEI Investments worth $17,956,000 at the end of the most recent quarter.

A number of other large investors also recently made changes to their positions in SEIC. Invesco Ltd. raised its position in shares of SEI Investments by 73.1% in the 3rd quarter. Invesco Ltd. now owns 1,125,659 shares of the asset manager's stock worth $67,798,000 after buying an additional 475,226 shares during the period. Acadian Asset Management LLC raised its position in shares of SEI Investments by 299.3% in the 3rd quarter. Acadian Asset Management LLC now owns 477,981 shares of the asset manager's stock worth $28,778,000 after buying an additional 358,282 shares during the period. Envestnet Asset Management Inc. raised its position in shares of SEI Investments by 69.3% in the 3rd quarter. Envestnet Asset Management Inc. now owns 381,037 shares of the asset manager's stock worth $22,950,000 after buying an additional 155,991 shares during the period. FMR LLC raised its position in shares of SEI Investments by 43.8% in the 3rd quarter. FMR LLC now owns 360,732 shares of the asset manager's stock worth $21,727,000 after buying an additional 109,962 shares during the period. Finally, Barclays PLC raised its position in shares of SEI Investments by 76.2% in the 3rd quarter. Barclays PLC now owns 247,271 shares of the asset manager's stock worth $14,892,000 after buying an additional 106,967 shares during the period. Hedge funds and other institutional investors own 70.59% of the company's stock.

Analyst Ratings Changes

SEIC has been the topic of several research reports. Oppenheimer raised their price objective on SEI Investments from $77.00 to $80.00 and gave the company an "outperform" rating in a research report on Tuesday, April 9th. StockNews.com raised SEI Investments from a "hold" rating to a "buy" rating in a research report on Saturday, March 2nd. Finally, Piper Sandler raised their price objective on SEI Investments from $66.00 to $72.00 and gave the company a "neutral" rating in a research report on Wednesday, April 10th. One analyst has rated the stock with a sell rating, two have assigned a hold rating and two have given a buy rating to the company. According to data from MarketBeat, SEI Investments currently has a consensus rating of "Hold" and a consensus price target of $70.25.

Insider Activity

In other news, EVP Wayne Withrow sold 16,970 shares of the firm's stock in a transaction dated Wednesday, February 7th. The stock was sold at an average price of $66.16, for a total transaction of $1,122,735.20. Following the completion of the sale, the executive vice president now directly owns 55,399 shares in the company, valued at $3,665,197.84. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. In related news, EVP Wayne Withrow sold 16,970 shares of SEI Investments 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 transaction, the executive vice president now directly owns 55,399 shares in the company, valued at $3,665,197.84. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, EVP Paul Klauder sold 2,000 shares of SEI Investments stock in a transaction dated Friday, March 8th. The stock was sold at an average price of $69.80, for a total value of $139,600.00. Following the completion of the transaction, the executive vice president now owns 20,752 shares of the company's stock, valued at $1,448,489.60. The disclosure for this sale can be found here. Insiders sold 206,333 shares of company stock worth $14,481,612 over the last ninety days. Corporate insiders own 15.50% of the company's stock.

SEI Investments Trading Up 0.1 %

NASDAQ:SEIC traded up $0.05 during mid-day trading on Tuesday, hitting $67.00. The company had a trading volume of 695,896 shares, compared to its average volume of 564,567. The business has a fifty day simple moving average of $68.55 and a 200-day simple moving average of $63.31. The firm has a market capitalization of $8.81 billion, a price-to-earnings ratio of 19.36, a PEG ratio of 1.35 and a beta of 1.02. SEI Investments has a 1 year low of $52.19 and a 1 year high of $72.54.

SEI Investments (NASDAQ:SEIC - Get Free Report) last announced its earnings results on Wednesday, January 31st. The asset manager reported $0.91 earnings per share for the quarter, meeting the consensus estimate of $0.91. The company had revenue of $484.86 million during the quarter, compared to the consensus estimate of $481.39 million. SEI Investments had a return on equity of 22.40% and a net margin of 24.08%. During the same period last year, the firm earned $0.83 earnings per share. As a group, research analysts anticipate that SEI Investments will post 4.08 earnings per share for the current year.

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.