SEI Investments (NASDAQ:SEIC) Shares Purchased by Bokf Na

Bokf Na lifted its position in SEI Investments (NASDAQ:SEIC) by 557.0% during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 12,083 shares of the asset manager’s stock after acquiring an additional 10,244 shares during the period. Bokf Na’s holdings in SEI Investments were worth $782,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors have also recently made changes to their positions in the company. TFO Wealth Partners LLC lifted its position in SEI Investments by 6,277.8% during the fourth quarter. TFO Wealth Partners LLC now owns 574 shares of the asset manager’s stock worth $36,000 after buying an additional 565 shares in the last quarter. Bessemer Group Inc. lifted its position in SEI Investments by 184.7% during the first quarter. Bessemer Group Inc. now owns 595 shares of the asset manager’s stock worth $43,000 after buying an additional 386 shares in the last quarter. EverSource Wealth Advisors LLC lifted its position in SEI Investments by 78.3% during the first quarter. EverSource Wealth Advisors LLC now owns 626 shares of the asset manager’s stock worth $41,000 after buying an additional 275 shares in the last quarter. Mather Group LLC. lifted its position in SEI Investments by 181.2% during the second quarter. Mather Group LLC. now owns 776 shares of the asset manager’s stock worth $50,000 after buying an additional 500 shares in the last quarter. Finally, Neo Ivy Capital Management purchased a new position in SEI Investments during the fourth quarter worth approximately $61,000. 70.59% of the stock is owned by institutional investors and hedge funds.

SEI Investments Stock Up 0.4 %

NASDAQ:SEIC opened at $66.82 on Monday. SEI Investments has a 52 week low of $52.19 and a 52 week high of $72.54. The company has a market capitalization of $8.68 billion, a P/E ratio of 18.26, a P/E/G ratio of 1.32 and a beta of 0.99. The stock’s fifty day moving average is $66.50 and its two-hundred day moving average is $67.25.

SEI Investments (NASDAQ:SEIC) last posted its earnings results on Wednesday, July 24th. The asset manager reported $1.05 EPS for the quarter, beating analysts’ consensus estimates of $1.04 by $0.01. SEI Investments had a return on equity of 23.25% and a net margin of 25.44%. The company had revenue of $518.99 million for the quarter, compared to the consensus estimate of $523.80 million. During the same quarter in the previous year, the business earned $0.89 earnings per share. The company’s revenue for the quarter was up 6.1% on a year-over-year basis. Sell-side analysts anticipate that SEI Investments will post 4.2 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

SEIC has been the topic of a number of analyst reports. Keefe, Bruyette & Woods reiterated a “market perform” rating and set a $73.00 price objective (down previously from $74.00) on shares of SEI Investments in a research report on Thursday, July 25th. Piper Sandler reduced their price objective on SEI Investments from $72.00 to $71.00 and set a “neutral” rating on the stock in a research report on Thursday, July 25th. One research analyst has rated the stock with a sell rating, two have assigned a hold rating and two have assigned a buy rating to the stock. According to data from MarketBeat.com, SEI Investments currently has a consensus rating of “Hold” and an average price target of $71.25.

Insider Activity at SEI Investments

In related news, Chairman Alfred P. West, Jr. sold 61,000 shares of the firm’s stock in a transaction dated Wednesday, August 28th. The stock was sold at an average price of $67.36, for a total transaction of $4,108,960.00. Following the completion of the transaction, the chairman now directly owns 7,504,285 shares in the company, valued at approximately $505,488,637.60. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. In other SEI Investments news, Chairman Alfred P. West, Jr. sold 27,419 shares of the business’s stock in a transaction dated Friday, August 23rd. The shares were sold at an average price of $67.48, for a total transaction of $1,850,234.12. Following the sale, the chairman now directly owns 7,649,577 shares in the company, valued at $516,193,455.96. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Chairman Alfred P. West, Jr. sold 61,000 shares of the business’s stock in a transaction dated Wednesday, August 28th. The stock was sold at an average price of $67.36, for a total transaction of $4,108,960.00. Following the sale, the chairman now owns 7,504,285 shares in the company, valued at $505,488,637.60. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 137,582 shares of company stock worth $9,277,605. 14.30% of the stock is currently owned by company 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.