SEI Investments (NASDAQ:SEIC) Raised to B- at TheStreet

TheStreet upgraded shares of SEI Investments (NASDAQ:SEICGet Rating) from a c+ rating to a b- rating in a research report released on Wednesday morning, TheStreetRatingsTable reports.

Several other analysts also recently issued reports on SEIC. The Goldman Sachs Group cut their price objective on SEI Investments to $58.00 in a report on Friday, July 22nd. StockNews.com assumed coverage on SEI Investments in a report on Wednesday, October 12th. They issued a hold rating on the stock. Piper Sandler dropped their target price on SEI Investments to $61.00 and set an outperform rating on the stock in a report on Wednesday, July 27th. William Blair reiterated a mkt perform rating on shares of SEI Investments in a report on Monday, July 25th. Finally, Morgan Stanley dropped their target price on SEI Investments from $52.00 to $51.00 and set an underweight rating on the stock in a report on Tuesday, October 4th. One 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 company. Based on data from MarketBeat.com, SEI Investments presently has an average rating of Hold and an average target price of $58.40.

SEI Investments Trading Up 0.2 %

NASDAQ SEIC opened at $60.90 on Wednesday. The stock’s 50-day moving average price is $52.91 and its two-hundred day moving average price is $54.43. The company has a market cap of $8.21 billion, a PE ratio of 16.68, a PEG ratio of 1.37 and a beta of 0.99. SEI Investments has a 1 year low of $46.30 and a 1 year high of $64.36.

Insider Activity at SEI Investments

In related news, major shareholder Alfred P. West, Jr. sold 83,386 shares of the business’s stock in a transaction that occurred on Thursday, September 15th. The stock was sold at an average price of $55.07, for a total value of $4,592,067.02. Following the completion of the sale, the insider now owns 9,136,792 shares of the company’s stock, valued at approximately $503,163,135.44. The sale was disclosed in a document filed with the SEC, which is available at this link. In related news, EVP Wayne Withrow sold 15,000 shares of the business’s stock in a transaction that occurred on Tuesday, November 1st. The stock was sold at an average price of $54.51, for a total value of $817,650.00. Following the completion of the sale, the executive vice president now owns 38,799 shares of the company’s stock, valued at approximately $2,114,933.49. The sale was disclosed in a document filed with the SEC, which is available at this link. Also, major shareholder Alfred P. West, Jr. sold 83,386 shares of the company’s stock in a transaction that occurred on Thursday, September 15th. The stock was sold at an average price of $55.07, for a total value of $4,592,067.02. Following the sale, the insider now directly owns 9,136,792 shares of the company’s stock, valued at approximately $503,163,135.44. The disclosure for this sale can be found here. 25.40% of the stock is currently owned by company insiders.

Institutional Investors Weigh In On SEI Investments

A number of large investors have recently added to or reduced their stakes in the stock. M&T Bank Corp boosted its position in SEI Investments by 1.4% during the third quarter. M&T Bank Corp now owns 16,808 shares of the asset manager’s stock worth $826,000 after purchasing an additional 227 shares during the period. Captrust Financial Advisors lifted its holdings in shares of SEI Investments by 313.9% during the third quarter. Captrust Financial Advisors now owns 23,566 shares of the asset manager’s stock worth $1,156,000 after buying an additional 17,872 shares during the last quarter. Baird Financial Group Inc. lifted its holdings in shares of SEI Investments by 1.1% during the third quarter. Baird Financial Group Inc. now owns 15,900 shares of the asset manager’s stock worth $780,000 after buying an additional 172 shares during the last quarter. Jane Street Group LLC lifted its holdings in shares of SEI Investments by 151.9% during the third quarter. Jane Street Group LLC now owns 19,045 shares of the asset manager’s stock worth $934,000 after buying an additional 11,484 shares during the last quarter. Finally, Meiji Yasuda Asset Management Co Ltd. lifted its holdings in shares of SEI Investments by 81.6% during the third quarter. Meiji Yasuda Asset Management Co Ltd. now owns 61,974 shares of the asset manager’s stock worth $3,040,000 after buying an additional 27,848 shares during the last quarter. Institutional investors own 70.50% of the company’s stock.

SEI Investments Company Profile

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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.

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