Beutel Goodman & Co Ltd. Has $255.47 Million Stake in SEI Investments (NASDAQ:SEIC)

Beutel Goodman & Co Ltd. cut its stake in SEI Investments (NASDAQ:SEIC - Free Report) by 0.4% in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 4,019,979 shares of the asset manager's stock after selling 16,395 shares during the period. Beutel Goodman & Co Ltd. owned about 3.05% of SEI Investments worth $255,469,000 at the end of the most recent quarter.

Several other large investors also recently bought and sold shares of SEIC. VisionPoint Advisory Group LLC lifted its position in shares of SEI Investments by 67.1% during the 3rd quarter. VisionPoint Advisory Group LLC now owns 513 shares of the asset manager's stock worth $31,000 after purchasing an additional 206 shares during the last quarter. Evolution Advisers Inc. acquired a new position in shares of SEI Investments during the 4th quarter worth about $55,000. Principal Securities Inc. purchased a new position in shares of SEI Investments in the 4th quarter valued at about $66,000. GAMMA Investing LLC acquired a new stake in shares of SEI Investments during the 4th quarter worth about $78,000. Finally, Quadrant Capital Group LLC lifted its stake in SEI Investments by 19.3% during the fourth quarter. Quadrant Capital Group LLC now owns 1,956 shares of the asset manager's stock worth $124,000 after purchasing an additional 316 shares during the last quarter. Hedge funds and other institutional investors own 70.59% of the company's stock.

Insiders Place Their Bets

In other SEI Investments news, insider Mark Andrew Warner sold 3,000 shares of the stock in a transaction dated Friday, February 23rd. The shares were sold at an average price of $67.31, for a total value of $201,930.00. Following the completion of the transaction, the insider now directly owns 1,300 shares of the company's stock, valued at $87,503. The sale was disclosed in a filing with the SEC, which is available at this link. In other SEI Investments news, EVP Paul Klauder sold 2,000 shares of the company's stock in a transaction dated Friday, March 8th. The shares were sold at an average price of $69.80, for a total value of $139,600.00. Following the sale, the executive vice president now owns 20,752 shares of the company's stock, valued at $1,448,489.60. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, insider Mark Andrew Warner sold 3,000 shares of the stock in a transaction that occurred on Friday, February 23rd. The shares were sold at an average price of $67.31, for a total transaction of $201,930.00. Following the completion of the sale, the insider now owns 1,300 shares in the company, valued at $87,503. The disclosure for this sale can be found here. Over the last quarter, insiders sold 292,363 shares of company stock worth $20,422,597. 14.30% of the stock is owned by corporate insiders.

SEI Investments Stock Performance

SEI Investments stock traded up $0.48 during trading hours on Tuesday, reaching $68.45. 365,805 shares of the stock were exchanged, compared to its average volume of 555,083. SEI Investments has a 52-week low of $52.19 and a 52-week high of $72.54. The stock has a market cap of $8.99 billion, a P/E ratio of 18.70, a P/E/G ratio of 1.38 and a beta of 1.03. The firm's 50 day moving average is $68.59 and its 200 day moving average is $65.01.

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, topping the consensus estimate of $0.98 by $0.01. The firm had revenue of $511.58 million during the quarter, compared to analysts' expectations of $510.41 million. SEI Investments had a net margin of 24.80% and a return on equity of 22.91%. The firm's revenue for the quarter was up 9.1% on a year-over-year basis. During the same period in the prior year, the company posted $0.79 earnings per share. Equities research analysts expect that SEI Investments will post 4.13 EPS for the current fiscal year.

Analyst Ratings Changes

SEIC has been the topic of a number of research analyst reports. Keefe, Bruyette & Woods reissued 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. Oppenheimer upped their price target on shares of SEI Investments from $77.00 to $80.00 and gave the company an "outperform" rating in a research report on Tuesday, April 9th. Piper Sandler lowered their price objective on shares of SEI Investments from $72.00 to $69.00 and set a "neutral" rating on the stock in a research report on Thursday, April 25th. Finally, StockNews.com raised shares of SEI Investments from a "hold" rating to a "buy" rating in a report on Saturday, March 2nd. One research analyst has rated the stock with a sell rating, two have assigned a hold rating and two have given a buy rating to the stock. According to MarketBeat.com, SEI Investments currently has an average rating of "Hold" and an average price target 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.