Charles Schwab Investment Management Inc. Purchases 3,967 Shares of SEI Investments (NASDAQ:SEIC)

Charles Schwab Investment Management Inc. raised its stake in SEI Investments (NASDAQ:SEIC - Free Report) by 0.6% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 668,333 shares of the asset manager's stock after acquiring an additional 3,967 shares during the period. Charles Schwab Investment Management Inc. owned approximately 0.52% of SEI Investments worth $55,124,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Metis Global Partners LLC increased its position in shares of SEI Investments by 3.4% during the fourth quarter. Metis Global Partners LLC now owns 6,795 shares of the asset manager's stock valued at $560,000 after acquiring an additional 226 shares in the last quarter. US Bancorp DE increased its holdings in shares of SEI Investments by 0.6% in the 4th quarter. US Bancorp DE now owns 36,509 shares of the asset manager's stock worth $3,011,000 after purchasing an additional 235 shares in the last quarter. Fisher Asset Management LLC raised its stake in shares of SEI Investments by 4.2% in the fourth quarter. Fisher Asset Management LLC now owns 7,949 shares of the asset manager's stock worth $656,000 after purchasing an additional 322 shares during the last quarter. Hahn Capital Management LLC lifted its holdings in shares of SEI Investments by 46.0% during the fourth quarter. Hahn Capital Management LLC now owns 126,910 shares of the asset manager's stock valued at $10,468,000 after purchasing an additional 39,991 shares in the last quarter. Finally, Proficio Capital Partners LLC bought a new stake in SEI Investments in the 4th quarter worth about $993,000. 70.59% of the stock is currently owned by institutional investors.

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Insider Buying and Selling at SEI Investments

In other news, Chairman Alfred P. West, Jr. sold 1,372 shares of the company's stock in a transaction that occurred on Wednesday, March 5th. The stock was sold at an average price of $76.28, for a total transaction of $104,656.16. Following the transaction, the chairman now owns 7,078,708 shares of the company's stock, valued at approximately $539,963,846.24. This represents a 0.02 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. Also, insider Mark Andrew Warner sold 5,000 shares of the firm's stock in a transaction that occurred on Monday, March 3rd. The stock was 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 of the company's stock, valued at $104,507. This represents a 79.37 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 79,214 shares of company stock worth $6,293,903 over the last ninety days. Company insiders own 14.30% of the company's stock.

Analyst Upgrades and Downgrades

Several research analysts have recently weighed in on SEIC shares. Oppenheimer boosted their price objective on shares of SEI Investments from $85.00 to $94.00 and gave the company an "outperform" rating in a report on Tuesday, January 7th. Raymond James raised 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. Piper Sandler upped their price objective on SEI Investments from $77.00 to $87.00 and gave the company a "neutral" rating in a research report on Monday, December 23rd. Keefe, Bruyette & Woods reiterated a "market perform" rating and issued a $90.00 price target (up from $86.00) on shares of SEI Investments in a research report on Thursday, January 30th. Finally, Morgan Stanley lifted their price objective on SEI Investments from $75.00 to $80.00 and gave the company an "underweight" rating in a research report on Friday, January 3rd. One equities research analyst has rated the stock with a sell rating, two have given a hold rating and two have issued a buy rating to the stock. According to MarketBeat, the stock has a consensus rating of "Hold" and an average target price of $90.00.

SEI Investments Price Performance

Shares of NASDAQ SEIC traded up $0.98 during midday trading on Monday, reaching $74.96. 606,276 shares of the stock traded hands, compared to its average volume of 597,871. The company's 50 day moving average is $81.25 and its 200 day moving average is $77.82. SEI Investments has a one year low of $62.38 and a one year high of $87.25. The stock has a market capitalization of $9.52 billion, a PE ratio of 16.96, a P/E/G ratio of 1.41 and a beta of 0.94.

SEI Investments (NASDAQ:SEIC - Get Free Report) last posted 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 return on equity of 25.51% and a net margin of 27.35%. As a group, equities analysts forecast that SEI Investments will post 4.86 EPS for the current year.

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.