TD Waterhouse Canada Inc. Has $1.07 Million Holdings in SEI Investments (NASDAQ:SEIC)

TD Waterhouse Canada Inc. cut its stake in shares of SEI Investments (NASDAQ:SEIC - Free Report) by 23.3% in the fourth quarter, according to the company in its most recent disclosure with the SEC. The firm owned 13,019 shares of the asset manager's stock after selling 3,963 shares during the quarter. TD Waterhouse Canada Inc.'s holdings in SEI Investments were worth $1,074,000 as of its most recent filing with the SEC.

Several other institutional investors and hedge funds also recently made changes to their positions in the company. MML Investors Services LLC increased its holdings in SEI Investments by 12.2% during the 3rd quarter. MML Investors Services LLC now owns 3,472 shares of the asset manager's stock valued at $240,000 after purchasing an additional 377 shares in the last quarter. Wilmington Savings Fund Society FSB acquired a new stake in shares of SEI Investments in the third quarter valued at $374,000. Franklin Resources Inc. increased its stake in shares of SEI Investments by 17.8% in the third quarter. Franklin Resources Inc. now owns 320,482 shares of the asset manager's stock valued at $22,799,000 after buying an additional 48,429 shares in the last quarter. DGS Capital Management LLC raised its holdings in shares of SEI Investments by 14.4% in the third quarter. DGS Capital Management LLC now owns 11,518 shares of the asset manager's stock valued at $797,000 after buying an additional 1,448 shares during the last quarter. Finally, JPMorgan Chase & Co. lifted its position in SEI Investments by 13.6% during the 3rd quarter. JPMorgan Chase & Co. now owns 507,916 shares of the asset manager's stock worth $35,143,000 after buying an additional 60,824 shares in the last quarter. Institutional investors and hedge funds own 70.59% of the company's stock.

SEI Investments Stock Up 0.4 %

Shares of SEI Investments stock traded up $0.29 during trading on Tuesday, reaching $78.07. 282,321 shares of the company were exchanged, compared to its average volume of 650,974. SEI Investments has a twelve month low of $62.38 and a twelve month high of $87.25. The firm has a market capitalization of $9.82 billion, a price-to-earnings ratio of 17.65, a P/E/G ratio of 1.41 and a beta of 0.90. The business has a 50-day moving average price of $75.14 and a 200-day moving average price of $79.09.

SEI Investments (NASDAQ:SEIC - Get Free Report) last posted its earnings results on Wednesday, April 23rd. The asset manager reported $1.17 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $1.12 by $0.05. SEI Investments had a return on equity of 25.51% and a net margin of 27.35%. The firm had revenue of $551.34 million during the quarter, compared to analysts' expectations of $556.76 million. During the same period in the previous year, the firm earned $0.99 earnings per share. The company's revenue was up 7.8% on a year-over-year basis. On average, equities research analysts forecast that SEI Investments will post 4.86 EPS for the current fiscal year.

SEI Investments announced that its board has initiated a stock repurchase plan on Tuesday, March 18th that allows the company to repurchase $500.00 million in outstanding shares. This repurchase authorization allows the asset manager to reacquire up to 5.3% of its stock through open market purchases. Stock repurchase plans are typically a sign that the company's leadership believes its shares are undervalued.

Analyst Ratings Changes

SEIC has been the subject of a number of research analyst reports. Piper Sandler boosted their target price on shares of SEI Investments from $74.00 to $79.00 and gave the stock a "neutral" rating in a research note on Thursday, April 24th. Raymond James raised SEI Investments from a "market perform" rating to an "outperform" rating and set a $99.00 price objective on the stock in a report on Thursday, January 30th. Keefe, Bruyette & Woods increased their price objective on SEI Investments from $80.00 to $84.00 and gave the company a "market perform" rating in a research report on Friday. Morgan Stanley reaffirmed an "overweight" rating and set a $82.00 price target (up previously from $77.00) on shares of SEI Investments in a research note on Thursday, April 24th. Finally, StockNews.com upgraded SEI Investments from a "hold" rating to a "buy" rating in a research report on Thursday, April 24th. Three equities research analysts have rated the stock with a hold rating and four have issued a buy rating to the company. Based on data from MarketBeat, the stock presently has an average rating of "Moderate Buy" and an average target price of $87.60.

Insider Buying and Selling

In other SEI Investments news, 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 completion of the transaction, the insider now directly owns 1,300 shares in the company, valued at $104,507. This trade represents a 79.37 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, 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 value of $104,656.16. Following the sale, the chairman now owns 7,078,708 shares in the company, valued at approximately $539,963,846.24. This represents a 0.02 % decrease in their position. 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.

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.