Asset Management One Co. Ltd. Has $4.97 Million Position in SEI Investments (NASDAQ:SEIC)

Asset Management One Co. Ltd. raised its position in SEI Investments (NASDAQ:SEIC - Free Report) by 25.9% in the 3rd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 71,842 shares of the asset manager's stock after acquiring an additional 14,757 shares during the quarter. Asset Management One Co. Ltd. owned 0.06% of SEI Investments worth $4,971,000 at the end of the most recent quarter.

Other hedge funds also recently made changes to their positions in the company. Dimensional Fund Advisors LP boosted its stake in SEI Investments by 19.2% during the 2nd quarter. Dimensional Fund Advisors LP now owns 1,380,311 shares of the asset manager's stock valued at $89,291,000 after acquiring an additional 222,631 shares during the last quarter. BNP PARIBAS ASSET MANAGEMENT Holding S.A. bought a new stake in SEI Investments in the first quarter valued at about $14,172,000. Jupiter Asset Management Ltd. acquired a new stake in SEI Investments during the second quarter valued at approximately $7,787,000. West Coast Financial LLC lifted its stake in SEI Investments by 120.8% during the second quarter. West Coast Financial LLC now owns 116,128 shares of the asset manager's stock worth $7,512,000 after purchasing an additional 63,537 shares during the last quarter. Finally, Mitsubishi UFJ Trust & Banking Corp boosted its holdings in SEI Investments by 67.8% in the first quarter. Mitsubishi UFJ Trust & Banking Corp now owns 145,536 shares of the asset manager's stock worth $10,376,000 after purchasing an additional 58,808 shares during the period. Hedge funds and other institutional investors own 70.59% of the company's stock.

Analyst Upgrades and Downgrades

A number of research firms have recently issued reports on SEIC. Morgan Stanley raised their price target on shares of SEI Investments from $70.00 to $75.00 and gave the stock an "underweight" rating in a research report on Thursday, October 24th. Oppenheimer raised 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 increased their target price on SEI Investments from $74.00 to $77.00 and gave the stock a "neutral" rating in a research report on Thursday, October 24th. Finally, Keefe, Bruyette & Woods reissued a "market perform" rating and set a $73.00 price target (down previously from $74.00) on shares of SEI Investments in a report on Thursday, July 25th. One analyst has rated the stock with a sell rating, two have issued a hold rating and two have given a buy rating to the company. According to MarketBeat, the company currently has an average rating of "Hold" and a consensus target price of $77.50.

SEI Investments Stock Down 0.1 %

SEIC stock traded down $0.06 during trading on Friday, reaching $80.11. 799,586 shares of the company's stock were exchanged, compared to its average volume of 591,805. SEI Investments has a 1-year low of $55.64 and a 1-year high of $80.81. The company's fifty day moving average price is $70.94 and its 200-day moving average price is $68.07. The firm has a market cap of $10.33 billion, a PE ratio of 19.35, a P/E/G ratio of 1.52 and a beta of 0.97.

SEI Investments (NASDAQ:SEIC - Get Free Report) last posted its quarterly earnings data on Wednesday, October 23rd. The asset manager reported $1.19 EPS for the quarter, beating analysts' consensus estimates of $1.07 by $0.12. The business had revenue of $537.40 million for the quarter, compared to analyst estimates of $534.08 million. SEI Investments had a net margin of 26.60% and a return on equity of 24.29%. The business's revenue for the quarter was up 12.7% on a year-over-year basis. During the same quarter last year, the business earned $0.87 earnings per share. As a group, sell-side analysts expect that SEI Investments will post 4.38 earnings per share for the current fiscal year.

SEI Investments declared that its board has authorized a stock repurchase plan on Tuesday, October 22nd that allows the company to buyback $400.00 million in outstanding shares. This buyback authorization allows the asset manager to purchase up to 4.3% of its shares through open market purchases. Shares buyback plans are typically a sign that the company's management believes its shares are undervalued.

Insider Activity

In related news, Director Carmen Romeo sold 5,000 shares of the stock in a transaction that occurred on Wednesday, November 6th. The shares were sold at an average price of $79.64, for a total transaction of $398,200.00. Following the completion of the sale, the director now directly owns 1,577,652 shares of the company's stock, valued at $125,644,205.28. This represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. In other SEI Investments news, Director Carmen Romeo sold 5,000 shares of the firm's stock in a transaction dated Wednesday, November 6th. The shares were sold at an average price of $79.64, for a total value of $398,200.00. Following the completion of the transaction, the director now directly owns 1,577,652 shares in the company, valued at $125,644,205.28. This trade represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through this link. Also, Director Carl Guarino sold 7,564 shares of SEI Investments stock in a transaction that occurred on Monday, October 28th. The stock was sold at an average price of $75.77, for a total transaction of $573,124.28. Following the completion of the transaction, the director now directly owns 13,867 shares in the company, valued at approximately $1,050,702.59. This trade represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 200,646 shares of company stock worth $14,115,934 over the last 90 days. 14.30% of the stock is currently owned by company insiders.

About SEI Investments

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.