abrdn plc Increases Stake in SEI Investments (NASDAQ:SEIC)

abrdn plc raised its stake in SEI Investments (NASDAQ:SEIC) by 91.0% during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 36,923 shares of the asset manager’s stock after purchasing an additional 17,590 shares during the period. abrdn plc’s holdings in SEI Investments were worth $2,346,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. VisionPoint Advisory Group LLC grew its stake in 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 purchasing an additional 206 shares during the last quarter. C M Bidwell & Associates Ltd. grew its stake in SEI Investments by 5,302.5% in the third quarter. C M Bidwell & Associates Ltd. now owns 2,161 shares of the asset manager’s stock valued at $130,000 after purchasing an additional 2,121 shares during the last quarter. Bison Wealth LLC purchased a new position in SEI Investments in the fourth quarter valued at about $210,000. Caprock Group LLC purchased a new position in SEI Investments in the third quarter valued at about $201,000. Finally, Signaturefd LLC grew its stake in SEI Investments by 44.5% in the third quarter. Signaturefd LLC now owns 3,341 shares of the asset manager’s stock valued at $201,000 after purchasing an additional 1,029 shares during the last quarter. Hedge funds and other institutional investors own 70.59% of the company’s stock.

Insider Buying and Selling

In related news, Chairman Alfred P. West, Jr. sold 19,363 shares of SEI Investments stock in a transaction dated Thursday, March 28th. The stock was sold at an average price of $72.14, for a total transaction of $1,396,846.82. Following the completion of the sale, the chairman now owns 7,865,471 shares of the company’s stock, valued at $567,415,077.94. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. In other news, Chairman Alfred P. West, Jr. sold 150,000 shares of the company’s stock in a transaction on Tuesday, March 26th. The stock was sold at an average price of $70.75, for a total value 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 sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, Chairman Alfred P. West, Jr. sold 19,363 shares of the company’s stock in a transaction 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 completion of the transaction, the chairman now directly owns 7,865,471 shares in the company, valued at approximately $567,415,077.94. The disclosure for this sale can be found here. Insiders sold 206,333 shares of company stock valued at $14,481,612 over the last quarter. 15.50% of the stock is currently owned by company insiders.

Wall Street Analyst Weigh In

Several equities research analysts have weighed in on the company. Keefe, Bruyette & Woods reissued a “market perform” rating and issued a $74.00 price target (up previously from $72.00) on shares of SEI Investments in a report on Thursday. Piper Sandler lowered their price target on SEI Investments from $72.00 to $69.00 and set a “neutral” rating for the company in a report on Thursday. StockNews.com raised SEI Investments from a “hold” rating to a “buy” rating in a report on Saturday, March 2nd. Finally, Oppenheimer raised their price target on SEI Investments from $77.00 to $80.00 and gave the stock an “outperform” rating in a report on Tuesday, April 9th. One investment 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. Based on data from MarketBeat, SEI Investments currently has an average rating of “Hold” and a consensus target price of $71.00.

SEI Investments Stock Up 0.1 %

SEI Investments stock opened at $66.57 on Monday. SEI Investments has a 52 week low of $52.19 and a 52 week high of $72.54. The company has a market capitalization of $8.76 billion, a price-to-earnings ratio of 18.19, a price-to-earnings-growth ratio of 1.35 and a beta of 1.02. The stock has a 50-day moving average price of $68.58 and a 200 day moving average price of $63.49.

SEI Investments (NASDAQ:SEIC) last released its earnings results on Wednesday, April 24th. The asset manager reported $0.99 EPS for the quarter, topping analysts’ consensus estimates of $0.98 by $0.01. SEI Investments had a return on equity of 22.91% and a net margin of 24.80%. The firm had revenue of $511.58 million during the quarter, compared to the consensus estimate of $510.41 million. During the same quarter in the previous year, the company posted $0.79 earnings per share. The company’s revenue was up 9.1% compared to the same quarter last year. Research analysts anticipate that SEI Investments will post 4.11 EPS for the current fiscal year.

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.