Russell Investments Group Ltd. Has $6.03 Million Stock Position in SEI Investments (NASDAQ:SEIC)

Russell Investments Group Ltd. increased its stake in SEI Investments (NASDAQ:SEIC - Free Report) by 34.0% in the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 94,834 shares of the asset manager's stock after purchasing an additional 24,055 shares during the quarter. Russell Investments Group Ltd. owned about 0.07% of SEI Investments worth $6,031,000 at the end of the most recent quarter.

Several other institutional investors have also bought and sold shares of SEIC. VisionPoint Advisory Group LLC lifted its holdings in 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 acquiring an additional 206 shares during the last quarter. Evolution Advisers Inc. acquired a new stake in SEI Investments in the 4th quarter valued at about $55,000. GAMMA Investing LLC acquired a new stake in SEI Investments during the 4th quarter worth about $78,000. C M Bidwell & Associates Ltd. raised its holdings in SEI Investments by 5,302.5% during the 3rd quarter. C M Bidwell & Associates Ltd. now owns 2,161 shares of the asset manager's stock worth $130,000 after buying an additional 2,121 shares during the period. Finally, Bison Wealth LLC acquired a new stake in SEI Investments during the 4th quarter worth about $210,000. Institutional investors and hedge funds own 70.59% of the company's stock.

Analysts Set New Price Targets

Several analysts have issued reports on SEIC shares. Keefe, Bruyette & Woods restated a "market perform" rating and set a $74.00 price objective (up previously from $72.00) on shares of SEI Investments in a report on Thursday, April 25th. StockNews.com upgraded SEI Investments from a "hold" rating to a "buy" rating in a report on Saturday, March 2nd. Oppenheimer upped their target price on SEI Investments from $77.00 to $80.00 and gave the company an "outperform" rating in a report on Tuesday, April 9th. Finally, Piper Sandler lowered their price target on SEI Investments from $72.00 to $69.00 and set a "neutral" rating for the company in a research note on Thursday, April 25th. One equities research analyst has rated the stock with a sell rating, two have issued a hold rating and two have assigned a buy rating to the stock. According to data from MarketBeat.com, the company currently has an average rating of "Hold" and an average target price of $71.00.

Insider Activity at SEI Investments

In related news, insider Sanjay Sharma sold 15,000 shares of the business's stock in a transaction on 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 in the company, valued at approximately $1,135,344. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. In other news, insider Mark Andrew Warner sold 3,000 shares of the stock in a transaction on Friday, February 23rd. The stock was sold at an average price of $67.31, for a total transaction of $201,930.00. Following the sale, the insider now directly owns 1,300 shares of the company's stock, valued at approximately $87,503. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Also, insider Sanjay Sharma sold 15,000 shares of the stock in a transaction on 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 sale, the insider now directly owns 16,895 shares in the company, valued at $1,135,344. The disclosure for this sale can be found here. Insiders sold 189,363 shares of company stock worth $13,358,877 in the last ninety days. 14.30% of the stock is owned by company insiders.

SEI Investments Stock Performance

Shares of SEIC traded up $0.03 during mid-day trading on Thursday, hitting $68.60. The company's stock had a trading volume of 688,396 shares, compared to its average volume of 570,579. The stock's 50-day moving average is $68.67 and its two-hundred day moving average is $64.09. The firm has a market capitalization of $9.01 billion, a PE ratio of 18.74, a price-to-earnings-growth ratio of 1.37 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 (EPS) for the quarter, beating the consensus estimate of $0.98 by $0.01. SEI Investments had a return on equity of 22.91% and a net margin of 24.80%. The business had revenue of $511.58 million for the quarter, compared to analysts' expectations of $510.41 million. During the same quarter last year, the business earned $0.79 earnings per share. The firm's quarterly revenue was up 9.1% compared to the same quarter last year. Analysts expect that SEI Investments will post 4.11 EPS for the current fiscal year.

SEI Investments 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.