Natixis Lowers Position in SEI Investments (NASDAQ:SEIC)

Natixis trimmed its holdings in shares of SEI Investments (NASDAQ:SEIC - Free Report) by 18.4% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 15,748 shares of the asset manager's stock after selling 3,541 shares during the quarter. Natixis' holdings in SEI Investments were worth $1,299,000 at the end of the most recent reporting period.

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

Wall Street Analysts Forecast Growth

Several equities analysts recently issued reports on the company. Piper Sandler decreased their target price on SEI Investments from $87.00 to $74.00 and set a "neutral" rating on the stock in a research note on Tuesday, April 8th. Keefe, Bruyette & Woods reissued a "market perform" rating and set a $90.00 price target (up previously from $86.00) on shares of SEI Investments in a research report on Thursday, January 30th. Oppenheimer lifted 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. Morgan Stanley upgraded shares of SEI Investments from an "underweight" rating to an "overweight" rating and reduced their target price for the stock from $81.00 to $77.00 in a report on Monday, April 7th. Finally, Raymond James upgraded shares of SEI Investments from a "market perform" rating to an "outperform" rating and set a $99.00 price target for the company in a research note on Thursday, January 30th. Three research analysts have rated the stock with a hold rating and three have issued a buy rating to the company. According to MarketBeat, SEI Investments presently has a consensus rating of "Moderate Buy" and an average target price of $86.80.

SEI Investments Stock Up 3.2 %

NASDAQ SEIC opened at $71.90 on Wednesday. SEI Investments has a 52 week low of $62.38 and a 52 week high of $87.25. The firm has a 50 day moving average of $75.58 and a two-hundred day moving average of $78.84. The stock has a market capitalization of $9.04 billion, a PE ratio of 16.27, a price-to-earnings-growth ratio of 1.41 and a beta of 0.90.

SEI Investments (NASDAQ:SEIC - Get Free Report) last issued its earnings results on Wednesday, January 29th. The asset manager reported $1.19 EPS 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%. On average, equities research analysts expect that SEI Investments will post 4.86 earnings per share for the current fiscal year.

SEI Investments announced that its board has authorized a stock buyback plan on Tuesday, March 18th that permits the company to repurchase $500.00 million in shares. This repurchase authorization permits the asset manager to repurchase up to 5.3% of its shares through open market purchases. Shares repurchase plans are often a sign that the company's board believes its shares are undervalued.

Insider Activity

In related news, Chairman Alfred P. West, Jr. sold 1,372 shares of the stock in a transaction on Wednesday, March 5th. The shares were sold at an average price of $76.28, for a total value of $104,656.16. Following the transaction, the chairman now directly owns 7,078,708 shares of the company's stock, valued at $539,963,846.24. This trade represents a 0.02 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, insider Mark Andrew Warner sold 5,000 shares of SEI Investments stock in a transaction on Monday, March 3rd. The stock was sold at an average price of $80.39, for a total transaction of $401,950.00. Following the sale, the insider now owns 1,300 shares in the company, 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. In the last 90 days, insiders have sold 79,214 shares of company stock worth $6,293,903. 14.30% of the stock is currently owned by insiders.

SEI Investments 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.

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