Natixis Advisors L.P. Has $42.99 Million Stake in SEI Investments (NASDAQ:SEIC)

Natixis Advisors L.P. decreased its position in shares of SEI Investments (NASDAQ:SEIC - Free Report) by 3.9% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 676,534 shares of the asset manager's stock after selling 27,476 shares during the quarter. Natixis Advisors L.P. owned about 0.51% of SEI Investments worth $42,993,000 as of its most recent SEC filing.

A number of other institutional investors have also recently bought and sold shares of SEIC. VisionPoint Advisory Group LLC grew its position in shares of SEI Investments by 67.1% in the 3rd quarter. VisionPoint Advisory Group LLC now owns 513 shares of the asset manager's stock valued at $31,000 after purchasing an additional 206 shares during the period. Evolution Advisers Inc. bought a new position in SEI Investments in the fourth quarter valued at approximately $55,000. GAMMA Investing LLC acquired a new position in shares of SEI Investments in the fourth quarter valued at approximately $78,000. C M Bidwell & Associates Ltd. increased its position in shares of SEI Investments by 5,302.5% during the third quarter. C M Bidwell & Associates Ltd. now owns 2,161 shares of the asset manager's stock worth $130,000 after acquiring an additional 2,121 shares in the last quarter. Finally, Signaturefd LLC raised its holdings in shares of SEI Investments by 44.5% during the third quarter. Signaturefd LLC now owns 3,341 shares of the asset manager's stock worth $201,000 after acquiring an additional 1,029 shares during the period. Institutional investors and hedge funds own 70.59% of the company's stock.

SEI Investments Trading Up 1.1 %

Shares of NASDAQ SEIC traded up $0.70 during mid-day trading on Friday, hitting $67.27. The company had a trading volume of 327,287 shares, compared to its average volume of 562,428. The firm has a 50-day simple moving average of $68.58 and a two-hundred day simple moving average of $63.74. The company has a market capitalization of $8.84 billion, a PE ratio of 18.38, a price-to-earnings-growth ratio of 1.35 and a beta of 1.03. SEI Investments has a one year low of $52.19 and a one year high of $72.54.

SEI Investments (NASDAQ:SEIC - Get Free Report) last posted its quarterly earnings results on Wednesday, April 24th. The asset manager reported $0.99 earnings per share for the quarter, beating analysts' consensus estimates of $0.98 by $0.01. SEI Investments had a return on equity of 22.91% and a net margin of 24.80%. The firm had revenue of $511.58 million during the quarter, compared to the consensus estimate of $510.41 million. During the same period last year, the company earned $0.79 earnings per share. The business's revenue was up 9.1% compared to the same quarter last year. Sell-side analysts expect that SEI Investments will post 4.11 earnings per share for the current fiscal year.

Insider Activity at SEI Investments

In other SEI Investments news, Chairman Alfred P. West, Jr. sold 19,363 shares of the company's stock in a transaction on Thursday, March 28th. The shares were sold at an average price of $72.14, for a total transaction of $1,396,846.82. Following the sale, the chairman now directly owns 7,865,471 shares of the company's stock, valued at $567,415,077.94. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. In other news, EVP Paul Klauder sold 2,000 shares of the firm's stock in a transaction that occurred on 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 sale, the executive vice president now directly owns 20,752 shares of the company's stock, valued at $1,448,489.60. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, Chairman Alfred P. West, Jr. sold 19,363 shares of the business's stock in a transaction that occurred on Thursday, March 28th. The stock was sold at an average price of $72.14, for a total value of $1,396,846.82. Following the transaction, the chairman now directly owns 7,865,471 shares in the company, valued at $567,415,077.94. The disclosure for this sale can be found here. Over the last three months, insiders sold 206,333 shares of company stock valued at $14,481,612. 15.50% of the stock is owned by corporate insiders.

Analysts Set New Price Targets

A number of equities analysts have issued reports on the company. Keefe, Bruyette & Woods reiterated a "market perform" rating and set a $74.00 target price (up previously from $72.00) on shares of SEI Investments in a report on Thursday, April 25th. Piper Sandler decreased their price objective on SEI Investments from $72.00 to $69.00 and set a "neutral" rating for the company in a report on Thursday, April 25th. Oppenheimer boosted 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. Finally, StockNews.com raised shares of SEI Investments from a "hold" rating to a "buy" rating in a research note on Saturday, March 2nd. One investment analyst has rated the stock with a sell rating, two have issued a hold rating and two have given a buy rating to the stock. According to MarketBeat.com, SEI Investments currently has a consensus rating of "Hold" and a consensus price target of $71.00.

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.