SEI Investments (NASDAQ:SEIC) Shares Sold by Allspring Global Investments Holdings LLC

Allspring Global Investments Holdings LLC lowered its position in SEI Investments (NASDAQ:SEIC) by 59.6% during the 4th quarter, Holdings Channel.com reports. The firm owned 67,210 shares of the asset manager’s stock after selling 99,146 shares during the quarter. Allspring Global Investments Holdings LLC’s holdings in SEI Investments were worth $4,271,000 as of its most recent filing with the Securities and Exchange Commission.

Several other large investors have also recently added to or reduced their stakes in the business. VisionPoint Advisory Group LLC boosted its holdings in shares of SEI Investments by 67.1% in the third 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 in the last quarter. International Assets Investment Management LLC acquired a new position in SEI Investments in the third quarter worth approximately $37,000. UniSuper Management Pty Ltd bought a new position in shares of SEI Investments in the second quarter valued at $48,000. Point72 Asset Management L.P. bought a new position in shares of SEI Investments in the second quarter valued at $71,000. Finally, Point72 Middle East FZE purchased a new stake in shares of SEI Investments during the fourth quarter valued at $111,000. 70.59% of the stock is currently owned by institutional investors and hedge funds.

SEI Investments Trading Up 0.2 %

Shares of SEI Investments stock opened at $66.13 on Friday. SEI Investments has a 1-year low of $52.19 and a 1-year high of $72.54. The firm has a fifty day simple moving average of $68.52 and a 200-day simple moving average of $63.10. The stock has a market capitalization of $8.70 billion, a price-to-earnings ratio of 19.11, a PEG ratio of 1.35 and a beta of 1.02.

SEI Investments (NASDAQ:SEIC) last issued its quarterly earnings results on Wednesday, January 31st. The asset manager reported $0.91 EPS for the quarter, hitting analysts’ consensus estimates of $0.91. The company had revenue of $484.86 million during the quarter, compared to analyst estimates of $481.39 million. SEI Investments had a return on equity of 22.40% and a net margin of 24.08%. During the same period in the previous year, the company earned $0.83 earnings per share. As a group, research analysts predict that SEI Investments will post 4.08 earnings per share for the current year.

Wall Street Analyst Weigh In

SEIC has been the topic of several recent analyst reports. Oppenheimer boosted their price objective on SEI Investments from $77.00 to $80.00 and gave the stock an “outperform” rating in a report on Tuesday, April 9th. Piper Sandler raised their price objective on 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 given a buy rating to the stock. According to data from MarketBeat.com, the company has a consensus rating of “Hold” and an average target price of $70.25.

Insider Buying and Selling

In other SEI Investments news, Chairman Alfred P. West, Jr. sold 19,363 shares of the firm’s stock in a transaction that occurred on Thursday, March 28th. The stock was sold at an average price of $72.14, for a total value of $1,396,846.82. Following the completion of the sale, the chairman now owns 7,865,471 shares in the company, valued at approximately $567,415,077.94. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. In related news, insider Sanjay Sharma sold 15,000 shares of the company’s stock in a transaction dated Monday, February 12th. The shares were sold at an average price of $67.20, for a total value of $1,008,000.00. Following the sale, the insider now owns 16,895 shares of the company’s stock, valued at $1,135,344. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, Chairman Alfred P. West, Jr. sold 19,363 shares of SEI Investments stock in a transaction that occurred on Thursday, March 28th. The shares were sold at an average price of $72.14, for a total value of $1,396,846.82. Following the sale, the chairman now directly owns 7,865,471 shares in the company, valued at $567,415,077.94. The disclosure for this sale can be found here. Insiders have sold a total of 206,333 shares of company stock valued at $14,481,612 over the last three months. 15.50% of the stock is owned by corporate insiders.

SEI Investments Company 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.