SG Americas Securities LLC Decreases Position in SEI Investments Company $SEIC

SG Americas Securities LLC decreased its position in shares of SEI Investments Company (NASDAQ:SEIC) by 32.1% during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 21,063 shares of the asset manager’s stock after selling 9,958 shares during the quarter. SG Americas Securities LLC’s holdings in SEI Investments were worth $1,728,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Vanguard Group Inc. raised its stake in shares of SEI Investments by 0.3% in the third quarter. Vanguard Group Inc. now owns 11,260,591 shares of the asset manager’s stock worth $955,461,000 after purchasing an additional 30,970 shares during the last quarter. Bank of America Corp DE lifted its stake in shares of SEI Investments by 4.4% in the 2nd quarter. Bank of America Corp DE now owns 3,160,636 shares of the asset manager’s stock worth $284,015,000 after purchasing an additional 133,057 shares during the period. Dimensional Fund Advisors LP lifted its stake in shares of SEI Investments by 1.7% in the 3rd quarter. Dimensional Fund Advisors LP now owns 1,863,052 shares of the asset manager’s stock worth $158,084,000 after purchasing an additional 31,953 shares during the period. Invesco Ltd. boosted its stake in shares of SEI Investments by 4.1% during the 3rd quarter. Invesco Ltd. now owns 1,731,523 shares of the asset manager’s stock worth $146,920,000 after acquiring an additional 68,873 shares during the last quarter. Finally, Caisse de depot et placement du Quebec raised its holdings in SEI Investments by 31.0% in the 3rd quarter. Caisse de depot et placement du Quebec now owns 1,343,757 shares of the asset manager’s stock worth $114,018,000 after purchasing an additional 317,703 shares during the period. Institutional investors own 70.59% of the company’s stock.

SEI Investments Price Performance

SEI Investments stock opened at $77.01 on Monday. SEI Investments Company has a 1 year low of $64.66 and a 1 year high of $93.96. The stock has a market cap of $9.41 billion, a price-to-earnings ratio of 13.68 and a beta of 0.94. The firm has a 50-day moving average of $80.90 and a two-hundred day moving average of $82.42. The company has a debt-to-equity ratio of 0.04, a current ratio of 3.29 and a quick ratio of 3.20.

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

Insider Activity at SEI Investments

In other news, Chairman Alfred P. West, Jr. sold 55,000 shares of the firm’s stock in a transaction dated Tuesday, March 10th. The shares were sold at an average price of $80.23, for a total value of $4,412,650.00. Following the sale, the chairman directly owned 6,883,230 shares in the company, valued at approximately $552,241,542.90. This trade represents a 0.79% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, insider Mark Andrew Warner sold 4,000 shares of SEI Investments stock in a transaction on Wednesday, February 25th. The stock was sold at an average price of $81.74, for a total transaction of $326,960.00. Following the completion of the transaction, the insider directly owned 921 shares in the company, valued at $75,282.54. This represents a 81.28% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders have sold a total of 146,447 shares of company stock valued at $12,318,659 over the last ninety days. 14.60% of the stock is owned by company insiders.

Analyst Ratings Changes

A number of equities research analysts have commented on SEIC shares. Morgan Stanley decreased their target price on shares of SEI Investments from $119.00 to $108.00 and set an “overweight” rating on the stock in a research note on Thursday. Piper Sandler reiterated an “overweight” rating and issued a $106.00 target price on shares of SEI Investments in a research report on Friday, February 20th. Raymond James Financial reiterated an “outperform” rating and set a $117.00 price objective on shares of SEI Investments in a research report on Monday, January 5th. Keefe, Bruyette & Woods raised their price objective on SEI Investments from $97.00 to $102.00 and gave the company an “outperform” rating in a research note on Thursday, January 8th. Finally, UBS Group initiated coverage on shares of SEI Investments in a research report on Wednesday, February 4th. They set a “buy” rating and a $115.00 price objective on the stock. Seven analysts have rated the stock with a Buy rating and two have issued a Hold rating to the company. According to data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $108.17.

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.