16,601 Shares in SEI Investments (NASDAQ:SEIC) Bought by Jump Financial LLC

Jump Financial LLC bought a new position in SEI Investments (NASDAQ:SEIC - Free Report) in the 4th quarter, according to the company in its most recent 13F filing with the SEC. The firm bought 16,601 shares of the asset manager's stock, valued at approximately $1,055,000.

A number of other hedge funds have also added to or reduced their stakes in SEIC. Boston Trust Walden Corp boosted its holdings in SEI Investments by 1.9% in the 4th quarter. Boston Trust Walden Corp now owns 1,314,965 shares of the asset manager's stock valued at $83,566,000 after purchasing an additional 24,621 shares during the period. Northern Trust Corp grew its position in SEI Investments by 6.6% during the third quarter. Northern Trust Corp now owns 1,143,777 shares of the asset manager's stock worth $68,890,000 after buying an additional 70,937 shares in the last quarter. Invesco Ltd. increased its stake in 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 acquiring an additional 475,226 shares during the last quarter. Charles Schwab Investment Management Inc. raised its holdings in shares of SEI Investments by 1.9% in the 4th quarter. Charles Schwab Investment Management Inc. now owns 655,418 shares of the asset manager's stock valued at $41,652,000 after acquiring an additional 12,453 shares in the last quarter. Finally, Acadian Asset Management LLC boosted its position in shares of SEI Investments by 299.3% during the 3rd quarter. Acadian Asset Management LLC now owns 477,981 shares of the asset manager's stock valued at $28,778,000 after acquiring an additional 358,282 shares during the last quarter. Hedge funds and other institutional investors own 70.59% of the company's stock.

SEI Investments Stock Down 0.0 %

Shares of SEI Investments stock traded down $0.02 during trading on Friday, reaching $68.33. The company's stock had a trading volume of 221,549 shares, compared to its average volume of 565,702. The company has a market cap of $8.98 billion, a price-to-earnings ratio of 18.67, a PEG ratio of 1.38 and a beta of 1.03. The firm's 50-day moving average is $68.64 and its two-hundred day moving average is $64.76. SEI Investments has a 52-week low of $52.19 and a 52-week 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. The business had revenue of $511.58 million during the quarter, compared to analyst estimates of $510.41 million. SEI Investments had a net margin of 24.80% and a return on equity of 22.91%. The company's revenue was up 9.1% on a year-over-year basis. During the same period in the prior year, the business posted $0.79 earnings per share. On average, equities research analysts anticipate that SEI Investments will post 4.13 EPS for the current year.

Insider Buying and Selling at SEI Investments

In other SEI Investments news, EVP Paul Klauder sold 2,000 shares of the stock in a transaction on Friday, March 8th. The shares were sold at an average price of $69.80, for a total transaction of $139,600.00. Following the completion of the sale, the executive vice president now owns 20,752 shares of the company's stock, valued at approximately $1,448,489.60. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. In other news, Chairman Alfred P. West, Jr. sold 150,000 shares of the business's stock in a transaction that occurred on Tuesday, March 26th. The stock was sold at an average price of $70.75, for a total transaction of $10,612,500.00. Following the transaction, the chairman now directly owns 7,884,834 shares of the company's stock, valued at $557,852,005.50. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Also, EVP Paul Klauder sold 2,000 shares of the company's stock in a transaction that occurred on Friday, March 8th. The shares were sold at an average price of $69.80, for a total value of $139,600.00. Following the transaction, the executive vice president now owns 20,752 shares of the company's stock, valued at approximately $1,448,489.60. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 292,363 shares of company stock worth $20,422,597. 14.30% of the stock is currently owned by insiders.

Wall Street Analyst Weigh In

A number of equities research analysts recently weighed in on SEIC shares. Keefe, Bruyette & Woods reaffirmed a "market perform" rating and issued a $74.00 target price (up from $72.00) on shares of SEI Investments in a research note on Thursday, April 25th. StockNews.com raised shares of SEI Investments from a "hold" rating to a "buy" rating in a report on Saturday, March 2nd. Oppenheimer upped their target price on shares of SEI Investments from $77.00 to $80.00 and gave the stock an "outperform" rating in a research 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 on the stock in a research report on Thursday, April 25th. One analyst has rated the stock with a sell rating, two have issued a hold rating and two have assigned a buy rating to the company's stock. According to data from MarketBeat, SEI Investments currently has a consensus rating of "Hold" and a consensus target price of $71.00.

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.