Jump Financial LLC Acquires Shares of 16,601 SEI Investments (NASDAQ:SEIC)

Jump Financial LLC purchased a new position in shares of SEI Investments (NASDAQ:SEIC) in the 4th quarter, HoldingsChannel.com reports. The firm purchased 16,601 shares of the asset manager’s stock, valued at approximately $1,055,000.

Other institutional investors and hedge funds also recently bought and sold shares of the company. abrdn plc increased its holdings in SEI Investments by 91.0% during the 4th quarter. abrdn plc now owns 36,923 shares of the asset manager’s stock worth $2,346,000 after acquiring an additional 17,590 shares during the period. IFG Advisory LLC raised its position in shares of SEI Investments by 109.1% in the fourth quarter. IFG Advisory LLC now owns 58,292 shares of the asset manager’s stock worth $3,704,000 after buying an additional 30,408 shares in the last quarter. Diversified Trust Co boosted its position in shares of SEI Investments by 299.3% during the 4th quarter. Diversified Trust Co now owns 55,230 shares of the asset manager’s stock valued at $3,510,000 after acquiring an additional 41,397 shares during the last quarter. Nordea Investment Management AB grew its holdings in shares of SEI Investments by 9.8% during the fourth quarter. Nordea Investment Management AB now owns 9,445 shares of the asset manager’s stock worth $601,000 after purchasing an additional 841 shares in the last quarter. Finally, Schonfeld Strategic Advisors LLC lifted its holdings in shares of SEI Investments by 507.3% during the 3rd quarter. Schonfeld Strategic Advisors LLC now owns 88,571 shares of the asset manager’s stock worth $5,335,000 after acquiring an additional 73,987 shares during the last quarter. 70.59% of the stock is owned by institutional investors.

Analysts Set New Price Targets

Several brokerages have recently commented on SEIC. StockNews.com raised shares of SEI Investments from a “hold” rating to a “buy” rating in a research note on Saturday, March 2nd. Piper Sandler decreased their target price on shares of SEI Investments from $72.00 to $69.00 and set a “neutral” rating for the company in a research note on Thursday, April 25th. Keefe, Bruyette & Woods reaffirmed a “market perform” rating and set a $74.00 price target (up previously from $72.00) on shares of SEI Investments in a report on Thursday, April 25th. Finally, Oppenheimer raised their target price on shares of SEI Investments from $77.00 to $80.00 and gave the company an “outperform” rating in a research note on Tuesday, April 9th. One equities research analyst has rated the stock with a sell rating, two have issued a hold rating and two have issued a buy rating to the company. According to data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and an average price target of $71.00.

SEI Investments Trading Down 0.0 %

Shares of SEIC opened at $68.33 on Friday. The company’s 50-day moving average price is $68.64 and its 200 day moving average price is $64.68. SEI Investments has a 12-month low of $52.19 and a 12-month high of $72.54. The firm has a market cap of $8.98 billion, a P/E ratio of 18.67, a price-to-earnings-growth ratio of 1.38 and a beta of 1.03.

SEI Investments (NASDAQ:SEIC) last released its earnings results on Wednesday, April 24th. The asset manager reported $0.99 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.98 by $0.01. The company had revenue of $511.58 million for the quarter, compared to analyst estimates of $510.41 million. SEI Investments had a net margin of 24.80% and a return on equity of 22.91%. The firm’s quarterly revenue was up 9.1% on a year-over-year basis. During the same period in the prior year, the business earned $0.79 EPS. Equities research analysts forecast that SEI Investments will post 4.13 earnings per share for the current year.

Insider Transactions at SEI Investments

In other news, Chairman Alfred P. West, Jr. sold 48,000 shares of the stock in a transaction dated Monday, May 13th. The shares were sold at an average price of $68.09, for a total value of $3,268,320.00. Following the completion of the transaction, the chairman now owns 7,677,471 shares in the company, valued at approximately $522,759,000.39. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. In other news, Chairman Alfred P. West, Jr. sold 48,000 shares of the stock in a transaction that occurred on Monday, May 13th. The shares were sold at an average price of $68.09, for a total value of $3,268,320.00. Following the sale, the chairman now directly owns 7,677,471 shares in the company, valued at $522,759,000.39. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Chairman Alfred P. West, Jr. sold 70,000 shares of the firm’s stock in a transaction on Thursday, May 9th. The stock was sold at an average price of $68.62, for a total value of $4,803,400.00. Following the transaction, the chairman now directly owns 7,795,471 shares of the company’s stock, valued at approximately $534,925,220.02. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 292,363 shares of company stock worth $20,422,597. Corporate insiders own 14.30% of the company’s stock.

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.