Schroder Investment Management Group Buys 61,580 Shares of SEI Investments (NASDAQ:SEIC)

Schroder Investment Management Group raised its stake in SEI Investments (NASDAQ:SEIC - Free Report) by 72.7% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 146,235 shares of the asset manager's stock after buying an additional 61,580 shares during the quarter. Schroder Investment Management Group owned 0.11% of SEI Investments worth $12,085,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in the stock. King Luther Capital Management Corp acquired a new position in shares of SEI Investments in the 4th quarter valued at $2,645,000. Boston Trust Walden Corp grew its stake in SEI Investments by 1.6% in the fourth quarter. Boston Trust Walden Corp now owns 1,306,329 shares of the asset manager's stock valued at $107,746,000 after acquiring an additional 20,020 shares during the period. Longboard Asset Management LP bought a new stake in shares of SEI Investments in the fourth quarter worth about $267,000. New York Life Investment Management LLC bought a new stake in shares of SEI Investments in the fourth quarter worth about $863,000. Finally, CHURCHILL MANAGEMENT Corp acquired a new stake in shares of SEI Investments during the fourth quarter worth about $1,818,000. Institutional investors own 70.59% of the company's stock.

SEI Investments Stock Performance

SEI Investments stock traded down $1.40 during mid-day trading on Tuesday, reaching $66.45. The company's stock had a trading volume of 1,082,005 shares, compared to its average volume of 638,841. SEI Investments has a 12 month low of $62.38 and a 12 month high of $87.25. The business's 50 day simple moving average is $78.41 and its 200 day simple moving average is $78.68. The company has a market capitalization of $8.44 billion, a price-to-earnings ratio of 15.03, a price-to-earnings-growth ratio of 1.41 and a beta of 0.90.

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SEI Investments (NASDAQ:SEIC - Get Free Report) last announced its quarterly earnings data on Wednesday, January 29th. The asset manager reported $1.19 earnings per share for the quarter, missing the consensus estimate of $1.21 by ($0.02). SEI Investments had a net margin of 27.35% and a return on equity of 25.51%. As a group, sell-side analysts expect that SEI Investments will post 4.86 EPS for the current year.

SEI Investments declared that its board has authorized a share repurchase program on Tuesday, March 18th that allows the company to buyback $500.00 million in outstanding shares. This buyback authorization allows the asset manager to repurchase up to 5.3% of its shares through open market purchases. Shares buyback programs are generally a sign that the company's management believes its shares are undervalued.

Wall Street Analysts Forecast Growth

A number of analysts recently issued reports on the company. Oppenheimer increased their target price on SEI Investments from $85.00 to $94.00 and gave the stock an "outperform" rating in a research note on Tuesday, January 7th. Morgan Stanley raised shares of SEI Investments from an "underweight" rating to an "overweight" rating and lowered their price objective for the stock from $81.00 to $77.00 in a research report on Monday. Keefe, Bruyette & Woods reaffirmed a "market perform" rating and issued a $90.00 price objective (up from $86.00) on shares of SEI Investments in a research report on Thursday, January 30th. Raymond James upgraded SEI Investments from a "market perform" rating to an "outperform" rating and set a $99.00 target price for the company in a report on Thursday, January 30th. Finally, Piper Sandler cut their price target on SEI Investments from $87.00 to $74.00 and set a "neutral" rating on the stock in a report on Tuesday. Three research analysts have rated the stock with a hold rating and three have issued a buy rating to the company. According to data from MarketBeat, the company presently has a consensus rating of "Moderate Buy" and an average price target of $86.80.

Insider Buying and Selling at SEI Investments

In related news, insider Mark Andrew Warner sold 5,000 shares of the firm's stock in a transaction dated Monday, March 3rd. The shares were sold at an average price of $80.39, for a total value of $401,950.00. Following the completion of the sale, the insider now directly owns 1,300 shares in the company, valued at approximately $104,507. This trade represents a 79.37 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, Chairman Alfred P. West, Jr. sold 1,372 shares of the business'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 value of $104,656.16. Following the transaction, the chairman now directly owns 7,078,708 shares in the company, valued at approximately $539,963,846.24. This trade represents a 0.02 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 79,214 shares of company stock worth $6,293,903 over the last ninety days. 14.30% of the stock is currently owned by corporate 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.