SEI Investments (NASDAQ:SEIC) Shares Sold by Robeco Institutional Asset Management B.V.

Robeco Institutional Asset Management B.V. lessened its holdings in shares of SEI Investments (NASDAQ:SEIC - Free Report) by 54.6% in the 3rd quarter, according to its most recent filing with the SEC. The fund owned 64,879 shares of the asset manager's stock after selling 78,095 shares during the period. Robeco Institutional Asset Management B.V.'s holdings in SEI Investments were worth $4,489,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Fairfield Financial Advisors LTD bought a new stake in SEI Investments during the second quarter worth about $30,000. Livforsakringsbolaget Skandia Omsesidigt grew its holdings in shares of SEI Investments by 925.9% in the third quarter. Livforsakringsbolaget Skandia Omsesidigt now owns 554 shares of the asset manager's stock worth $38,000 after purchasing an additional 500 shares during the last quarter. EverSource Wealth Advisors LLC lifted its stake in shares of SEI Investments by 78.3% in the 1st quarter. EverSource Wealth Advisors LLC now owns 626 shares of the asset manager's stock valued at $41,000 after purchasing an additional 275 shares during the period. Bessemer Group Inc. increased its stake in SEI Investments by 184.7% during the 1st quarter. Bessemer Group Inc. now owns 595 shares of the asset manager's stock valued at $43,000 after purchasing an additional 386 shares in the last quarter. Finally, Mather Group LLC. grew its holdings in shares of SEI Investments by 181.2% in the second quarter. Mather Group LLC. now owns 776 shares of the asset manager's stock worth $50,000 after acquiring an additional 500 shares during the period. 70.59% of the stock is owned by institutional investors.

Insider Activity at SEI Investments

In other SEI Investments news, CEO Ryan Hicke sold 10,000 shares of the company's stock in a transaction that occurred on Friday, October 25th. The shares were sold at an average price of $74.90, for a total value of $749,000.00. Following the transaction, the chief executive officer now owns 147,609 shares in the company, valued at approximately $11,055,914.10. This represents a 0.00 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. In related news, Chairman Alfred P. West, Jr. sold 61,000 shares of SEI Investments stock in a transaction on Wednesday, August 28th. The shares were sold at an average price of $67.36, for a total value of $4,108,960.00. Following the completion of the sale, the chairman now owns 7,504,285 shares of the company's stock, valued at approximately $505,488,637.60. This trade represents a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, CEO Ryan Hicke sold 10,000 shares of the company's stock in a transaction that occurred on Friday, October 25th. The stock was sold at an average price of $74.90, for a total transaction of $749,000.00. Following the sale, the chief executive officer now directly owns 147,609 shares in the company, valued at $11,055,914.10. This trade represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 200,646 shares of company stock worth $14,115,934 over the last three months. 14.30% of the stock is currently owned by corporate insiders.

Analyst Ratings Changes

SEIC has been the topic of a number of research analyst reports. Morgan Stanley upped their target price on shares of SEI Investments from $70.00 to $75.00 and gave the stock an "underweight" rating in a research note on Thursday, October 24th. Piper Sandler upped their price target on SEI Investments from $74.00 to $77.00 and gave the stock a "neutral" rating in a research note on Thursday, October 24th. Keefe, Bruyette & Woods reiterated a "market perform" rating and issued a $73.00 price target (down from $74.00) on shares of SEI Investments in a report on Thursday, July 25th. Finally, Oppenheimer boosted their price target on SEI Investments from $81.00 to $85.00 and gave the stock an "outperform" rating in a research note on Thursday, October 24th. One analyst has rated the stock with a sell rating, two have assigned a hold rating and two have issued a buy rating to the company's stock. Based on data from MarketBeat, the stock has a consensus rating of "Hold" and an average target price of $77.50.

SEI Investments Stock Performance

Shares of NASDAQ:SEIC traded down $0.06 during midday trading on Friday, reaching $80.11. The company's stock had a trading volume of 799,586 shares, compared to its average volume of 591,805. The firm has a market capitalization of $10.33 billion, a price-to-earnings ratio of 19.35, a PEG ratio of 1.52 and a beta of 0.97. The firm has a 50 day moving average price of $70.94 and a two-hundred day moving average price of $68.07. SEI Investments has a fifty-two week low of $55.64 and a fifty-two week high of $80.81.

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

SEI Investments declared that its Board of Directors has initiated a stock buyback 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 often a sign that the company's board of directors believes its stock is undervalued.

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.