SEI Investments (NASDAQ:SEIC) Holdings Raised by AIA Group Ltd

AIA Group Ltd lifted its stake in shares of SEI Investments (NASDAQ:SEIC) by 44.8% during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 21,111 shares of the asset manager’s stock after purchasing an additional 6,536 shares during the quarter. AIA Group Ltd’s holdings in SEI Investments were worth $1,342,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also modified their holdings of the stock. BlackRock Inc. raised its stake in shares of SEI Investments by 2.7% during the first quarter. BlackRock Inc. now owns 11,770,720 shares of the asset manager’s stock valued at $677,405,000 after purchasing an additional 311,552 shares in the last quarter. Morgan Stanley raised its position in SEI Investments by 670.4% in the fourth quarter. Morgan Stanley now owns 6,519,582 shares of the asset manager’s stock worth $380,092,000 after acquiring an additional 5,673,374 shares in the last quarter. State Street Corp raised its position in SEI Investments by 0.8% in the third quarter. State Street Corp now owns 6,293,623 shares of the asset manager’s stock worth $308,702,000 after acquiring an additional 52,265 shares in the last quarter. First Trust Advisors LP raised its position in SEI Investments by 3.0% in the first quarter. First Trust Advisors LP now owns 1,418,169 shares of the asset manager’s stock worth $85,388,000 after acquiring an additional 41,915 shares in the last quarter. Finally, Boston Trust Walden Corp raised its position in SEI Investments by 1.9% in the fourth quarter. Boston Trust Walden Corp now owns 1,314,965 shares of the asset manager’s stock worth $83,566,000 after acquiring an additional 24,621 shares in the last quarter. 70.59% of the stock is currently owned by institutional investors.

SEI Investments Trading Up 0.2 %

NASDAQ SEIC opened at $66.13 on Friday. The stock’s 50-day moving average price is $68.53 and its two-hundred day moving average price is $63.06. The company has a market cap of $8.70 billion, a PE ratio of 19.08, 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) last posted its quarterly earnings data on Wednesday, January 31st. The asset manager reported $0.91 earnings per share (EPS) for the quarter, hitting the consensus estimate of $0.91. The firm had revenue of $484.86 million for 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 quarter in the previous year, the company earned $0.83 EPS. Research analysts forecast that SEI Investments will post 4.08 EPS for the current fiscal year.

Insiders Place Their Bets

In other SEI Investments news, Chairman Alfred P. West, Jr. sold 150,000 shares of SEI Investments stock in a transaction dated 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 owns 7,884,834 shares of the company’s stock, valued at approximately $557,852,005.50. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. In other SEI Investments 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 transaction of $1,122,735.20. Following the transaction, the executive vice president now owns 55,399 shares of the company’s stock, valued at approximately $3,665,197.84. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, Chairman Alfred P. West, Jr. sold 150,000 shares of SEI Investments stock in a transaction dated Tuesday, March 26th. The shares were sold at an average price of $70.75, for a total value of $10,612,500.00. Following the transaction, the chairman now directly owns 7,884,834 shares in the company, valued at approximately $557,852,005.50. The disclosure for this sale can be found here. In the last quarter, insiders have sold 206,333 shares of company stock worth $14,481,612. Company insiders own 15.50% of the company’s stock.

Wall Street Analysts Forecast Growth

Several brokerages have commented on SEIC. Oppenheimer boosted their price target 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. Piper Sandler boosted their price target on shares of SEI Investments from $66.00 to $72.00 and gave the stock a “neutral” rating in a research report on Wednesday, April 10th. Finally, StockNews.com upgraded shares of SEI Investments from a “hold” rating to a “buy” rating in a research report on Saturday, March 2nd. One research analyst has rated the stock with a sell rating, two have given a hold rating and two have assigned a buy rating to the company’s stock. Based on data from MarketBeat, the stock presently has an average rating of “Hold” and an average target price of $70.25.

About SEI Investments

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.