62,300 Shares in SEI Investments (NASDAQ:SEIC) Purchased by APG Asset Management N.V.

APG Asset Management N.V. acquired a new stake in SEI Investments (NASDAQ:SEIC - Free Report) in the 4th quarter, according to its most recent disclosure with the SEC. The fund acquired 62,300 shares of the asset manager's stock, valued at approximately $4,962,000.

A number of other institutional investors have also recently modified their holdings of SEIC. CoreFirst Bank & Trust bought a new stake in SEI Investments during the fourth quarter worth about $31,000. Allworth Financial LP increased its stake in shares of SEI Investments by 53.7% in the fourth quarter. Allworth Financial LP now owns 452 shares of the asset manager's stock valued at $38,000 after buying an additional 158 shares during the period. First Horizon Advisors Inc. lifted its holdings in SEI Investments by 25.4% during the 4th quarter. First Horizon Advisors Inc. now owns 578 shares of the asset manager's stock worth $48,000 after buying an additional 117 shares during the period. Rialto Wealth Management LLC bought a new stake in shares of SEI Investments in the 4th quarter valued at about $55,000. Finally, EverSource Wealth Advisors LLC increased its stake in shares of SEI Investments by 25.0% in the fourth quarter. EverSource Wealth Advisors LLC now owns 860 shares of the asset manager's stock valued at $71,000 after buying an additional 172 shares during the period. 70.59% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

A number of equities analysts have issued reports on the company. Raymond James upgraded SEI Investments from a "market perform" rating to an "outperform" rating and set a $99.00 price target on the stock in a report on Thursday, January 30th. StockNews.com cut shares of SEI Investments from a "buy" rating to a "hold" rating in a report on Monday, April 7th. Oppenheimer raised their target price on SEI Investments from $85.00 to $94.00 and gave the company an "outperform" rating in a research report on Tuesday, January 7th. Keefe, Bruyette & Woods reaffirmed a "market perform" rating and issued a $90.00 price target (up previously from $86.00) on shares of SEI Investments in a report on Thursday, January 30th. Finally, Morgan Stanley raised shares of SEI Investments from an "underweight" rating to an "overweight" rating and dropped their price objective for the company from $81.00 to $77.00 in a report on Monday, April 7th. Three analysts have rated the stock with a hold rating and three have given a buy rating to the company. According to MarketBeat, SEI Investments currently has an average rating of "Moderate Buy" and a consensus price target of $86.80.

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SEI Investments Stock Performance

SEIC traded down $0.19 during midday trading on Tuesday, hitting $73.26. The stock had a trading volume of 715,953 shares, compared to its average volume of 647,600. SEI Investments has a 1 year low of $62.38 and a 1 year high of $87.25. The business has a fifty day moving average of $77.05 and a 200 day moving average of $78.82. The company has a market cap of $9.30 billion, a P/E ratio of 16.57, a price-to-earnings-growth ratio of 1.41 and a beta of 0.90.

SEI Investments (NASDAQ:SEIC - Get Free Report) last released its earnings results on Wednesday, January 29th. The asset manager reported $1.19 earnings per share for the quarter, missing analysts' consensus estimates of $1.21 by ($0.02). SEI Investments had a net margin of 27.35% and a return on equity of 25.51%. On average, equities research analysts anticipate that SEI Investments will post 4.86 earnings per share for the current year.

SEI Investments announced that its board has approved a share buyback plan on Tuesday, March 18th that permits the company to buyback $500.00 million in outstanding shares. This buyback authorization permits the asset manager to reacquire up to 5.3% of its stock through open market purchases. Stock buyback plans are typically an indication that the company's leadership believes its stock is undervalued.

Insider Activity at SEI Investments

In other SEI Investments news, Chairman Alfred P. West, Jr. sold 72,842 shares of the company's stock in a transaction on Monday, March 3rd. The shares were sold at an average price of $79.45, for a total value of $5,787,296.90. Following the completion of the transaction, the chairman now directly owns 7,160,080 shares in the company, valued at approximately $568,868,356. This represents a 1.01 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, insider Mark Andrew Warner sold 5,000 shares of SEI Investments stock in a transaction that occurred on Monday, March 3rd. The shares were sold at an average price of $80.39, for a total value of $401,950.00. Following the sale, the insider now directly owns 1,300 shares in the company, valued at approximately $104,507. The trade was a 79.37 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 79,214 shares of company stock worth $6,293,903 in the last three months. 14.30% of the stock is owned by insiders.

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.