Creative Planning Purchases 182 Shares of SEI Investments (NASDAQ:SEIC)

Creative Planning grew its stake in shares of SEI Investments (NASDAQ:SEIC) by 2.3% during the third quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 8,086 shares of the asset manager’s stock after buying an additional 182 shares during the period. Creative Planning’s holdings in SEI Investments were worth $559,000 at the end of the most recent reporting period.

Other large investors have also recently made changes to their positions in the company. Fairfield Financial Advisors LTD purchased a new position in shares of SEI Investments during the 2nd quarter valued at about $30,000. Livforsakringsbolaget Skandia Omsesidigt lifted its position in shares of SEI Investments by 925.9% during the 3rd quarter. Livforsakringsbolaget Skandia Omsesidigt now owns 554 shares of the asset manager’s stock valued at $38,000 after buying an additional 500 shares in the last quarter. EverSource Wealth Advisors LLC lifted its holdings in SEI Investments by 78.3% in the 1st quarter. EverSource Wealth Advisors LLC now owns 626 shares of the asset manager’s stock worth $41,000 after purchasing an additional 275 shares in the last quarter. Bessemer Group Inc. lifted its holdings in SEI Investments by 184.7% in the 1st quarter. Bessemer Group Inc. now owns 595 shares of the asset manager’s stock worth $43,000 after purchasing an additional 386 shares in the last quarter. Finally, Mather Group LLC. lifted its holdings in SEI Investments by 181.2% in the 2nd quarter. Mather Group LLC. now owns 776 shares of the asset manager’s stock worth $50,000 after purchasing an additional 500 shares in the last quarter. 70.59% of the stock is owned by hedge funds and other institutional investors.

Insider Buying and Selling at SEI Investments

In other SEI Investments news, CEO Ryan Hicke sold 10,000 shares of the company’s stock in a transaction on Friday, October 25th. The stock was sold at an average price of $74.90, for a total value of $749,000.00. Following the transaction, the chief executive officer now owns 147,609 shares of the company’s stock, valued at $11,055,914.10. This represents a 0.00 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. In other SEI Investments news, Chairman Alfred P. West, Jr. sold 61,000 shares of the company’s stock in a transaction on Wednesday, August 28th. The stock was sold at an average price of $67.36, for a total value of $4,108,960.00. Following the completion of the sale, the chairman now directly owns 7,504,285 shares in the company, valued at approximately $505,488,637.60. This represents a 0.00 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CEO Ryan Hicke sold 10,000 shares of the company’s stock in a transaction on Friday, October 25th. The stock was sold at an average price of $74.90, for a total value of $749,000.00. Following the completion of the sale, the chief executive officer now owns 147,609 shares of the company’s stock, valued at $11,055,914.10. This represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 185,646 shares of company stock valued at $12,926,334 in the last quarter. 14.30% of the stock is owned by insiders.

Wall Street Analyst Weigh In

A number of research firms recently commented on SEIC. Oppenheimer boosted their price target on SEI Investments from $81.00 to $85.00 and gave the stock an “outperform” rating in a report on Thursday, October 24th. Piper Sandler boosted their price target on SEI Investments from $74.00 to $77.00 and gave the stock a “neutral” rating in a report on Thursday, October 24th. Keefe, Bruyette & Woods reissued a “market perform” rating and issued a $73.00 price target (down from $74.00) on shares of SEI Investments in a report on Thursday, July 25th. Finally, Morgan Stanley boosted their price target on SEI Investments from $70.00 to $75.00 and gave the stock an “underweight” rating in a report on Thursday, October 24th. 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 MarketBeat.com, the stock currently has an average rating of “Hold” and a consensus price target of $77.50.

SEI Investments Stock Performance

NASDAQ SEIC opened at $76.78 on Wednesday. The company has a market cap of $9.90 billion, a P/E ratio of 18.40, a P/E/G ratio of 1.44 and a beta of 0.97. The business’s 50 day moving average price is $69.98 and its 200-day moving average price is $67.73. SEI Investments has a fifty-two week low of $55.52 and a fifty-two week high of $76.95.

SEI Investments (NASDAQ:SEIC) last released its earnings results on Wednesday, October 23rd. The asset manager reported $1.19 earnings per share for the quarter, beating the consensus estimate of $1.07 by $0.12. The firm had revenue of $537.40 million for the quarter, compared to the consensus estimate of $534.08 million. SEI Investments had a return on equity of 24.29% and a net margin of 26.60%. The company’s revenue for the quarter was up 12.7% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.87 EPS. As a group, equities analysts predict that SEI Investments will post 4.38 EPS for the current year.

SEI Investments announced that its Board of Directors has authorized a stock buyback program on Tuesday, October 22nd that permits the company to repurchase $400.00 million in shares. This repurchase authorization permits the asset manager to purchase up to 4.3% of its stock through open market purchases. Stock repurchase programs are generally a sign that the company’s management believes its shares are undervalued.

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.