SEI Investments Company $SEIC Holdings Raised by JPMorgan Chase & Co.

JPMorgan Chase & Co. increased its position in shares of SEI Investments Company (NASDAQ:SEIC) by 2.4% during the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 381,134 shares of the asset manager’s stock after purchasing an additional 9,106 shares during the quarter. JPMorgan Chase & Co. owned 0.31% of SEI Investments worth $32,339,000 at the end of the most recent reporting period.

A number of other hedge funds have also recently added to or reduced their stakes in SEIC. Ashton Thomas Private Wealth LLC raised its stake in SEI Investments by 349.2% during the third quarter. Ashton Thomas Private Wealth LLC now owns 63,902 shares of the asset manager’s stock worth $5,422,000 after acquiring an additional 49,676 shares during the period. BI Asset Management Fondsmaeglerselskab A S boosted its stake in SEI Investments by 3,554.3% in the third quarter. BI Asset Management Fondsmaeglerselskab A S now owns 27,042 shares of the asset manager’s stock valued at $2,295,000 after acquiring an additional 26,302 shares during the period. Allianz Asset Management GmbH boosted its stake in SEI Investments by 21.1% in the third quarter. Allianz Asset Management GmbH now owns 174,266 shares of the asset manager’s stock valued at $14,786,000 after acquiring an additional 30,411 shares during the period. Vanguard Group Inc. grew its holdings in shares of SEI Investments by 0.3% during the third quarter. Vanguard Group Inc. now owns 11,260,591 shares of the asset manager’s stock valued at $955,461,000 after purchasing an additional 30,970 shares during the last quarter. Finally, M&G PLC acquired a new stake in shares of SEI Investments during the 3rd quarter worth approximately $10,413,000. Institutional investors and hedge funds own 70.59% of the company’s stock.

SEI Investments Stock Performance

Shares of NASDAQ SEIC opened at $77.79 on Monday. SEI Investments Company has a 12-month low of $64.66 and a 12-month high of $93.96. The company has a market cap of $9.51 billion, a PE ratio of 13.82 and a beta of 0.96. The stock has a 50 day simple moving average of $82.52 and a 200-day simple moving average of $83.11. The company has a current ratio of 3.29, a quick ratio of 3.20 and a debt-to-equity ratio of 0.04.

SEI Investments (NASDAQ:SEIC) last posted its earnings results on Wednesday, January 28th. The asset manager reported $1.30 EPS for the quarter, missing the consensus estimate of $1.34 by ($0.04). The business had revenue of $607.93 million during the quarter, compared to analyst estimates of $596.97 million. SEI Investments had a net margin of 31.14% and a return on equity of 30.26%. The firm’s revenue was up 9.1% compared to the same quarter last year. During the same quarter in the prior year, the business earned $1.19 earnings per share. On average, equities research analysts forecast that SEI Investments Company will post 4.86 EPS for the current year.

Analysts Set New Price Targets

Several brokerages recently issued reports on SEIC. Weiss Ratings reissued a “buy (b)” rating on shares of SEI Investments in a report on Thursday, January 22nd. Keefe, Bruyette & Woods upped their price objective on SEI Investments from $97.00 to $102.00 and gave the stock an “outperform” rating in a research note on Thursday, January 8th. UBS Group started coverage on SEI Investments in a research report on Wednesday, February 4th. They issued a “buy” rating and a $115.00 target price on the stock. Morgan Stanley boosted their price target on shares of SEI Investments from $115.00 to $117.00 and gave the company an “overweight” rating in a report on Tuesday, January 6th. Finally, Piper Sandler restated an “overweight” rating and set a $106.00 price target on shares of SEI Investments in a research report on Friday, February 20th. Seven investment analysts have rated the stock with a Buy rating and two have issued a Hold rating to the stock. According to MarketBeat.com, SEI Investments has a consensus rating of “Moderate Buy” and a consensus price target of $109.67.

Insider Activity

In related news, Chairman Alfred P. West, Jr. sold 55,000 shares of SEI Investments stock in a transaction dated Tuesday, March 10th. The shares were sold at an average price of $80.23, for a total transaction of $4,412,650.00. Following the sale, the chairman directly owned 6,883,230 shares in the company, valued at $552,241,542.90. The trade was a 0.79% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, CEO Ryan Hicke sold 80,000 shares of the company’s stock in a transaction dated Thursday, January 29th. The stock was sold at an average price of $87.36, for a total transaction of $6,988,800.00. Following the completion of the sale, the chief executive officer directly owned 197,164 shares of the company’s stock, valued at $17,224,247.04. The trade was a 28.86% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Over the last ninety days, insiders have sold 146,447 shares of company stock valued at $12,318,659. Company insiders own 14.30% of the company’s stock.

SEI Investments Company Profile

SEI Investments Company is a global provider of asset management, investment processing, and investment operations solutions. The firm offers a range of services designed to help financial institutions, private banks, wealth managers and family offices streamline back-office functions and enhance front-office capabilities. SEI’s technology platforms support various stages of the investment lifecycle, including trade execution, performance reporting, risk analytics and client communications.

The company’s core offerings include outsourced fund administration, custody and trust services, managed account solutions, and wealth management technology.