Thrivent Financial for Lutherans Has $13.59 Million Holdings in SEI Investments (NASDAQ:SEIC)

Thrivent Financial for Lutherans lessened its stake in SEI Investments (NASDAQ:SEIC) by 52.6% in the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 210,101 shares of the asset manager’s stock after selling 232,951 shares during the quarter. Thrivent Financial for Lutherans owned approximately 0.16% of SEI Investments worth $13,591,000 as of its most recent SEC filing.

Other large investors also recently made changes to their positions in the company. Fairfield Financial Advisors LTD acquired a new stake in shares of SEI Investments in the 2nd quarter valued at approximately $30,000. TFO Wealth Partners LLC boosted its holdings in shares of SEI Investments by 6,277.8% in the 4th quarter. TFO Wealth Partners LLC now owns 574 shares of the asset manager’s stock valued at $36,000 after buying an additional 565 shares during the last quarter. EverSource Wealth Advisors LLC raised its stake in 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 acquiring an additional 275 shares during the period. Bessemer Group Inc. raised its stake in SEI Investments by 184.7% in the 1st quarter. Bessemer Group Inc. now owns 595 shares of the asset manager’s stock valued at $43,000 after acquiring an additional 386 shares during the period. Finally, Mather Group LLC. raised its stake in SEI Investments by 181.2% in the 2nd quarter. Mather Group LLC. now owns 776 shares of the asset manager’s stock valued at $50,000 after acquiring an additional 500 shares during the period. Institutional investors and hedge funds own 70.59% of the company’s stock.

Insider Buying and Selling at SEI Investments

In other SEI Investments news, Chairman Alfred P. West, Jr. sold 44,163 shares of the company’s stock in a transaction on Monday, August 26th. The stock was sold at an average price of $67.55, for a total transaction of $2,983,210.65. Following the completion of the sale, the chairman now directly owns 7,605,414 shares in the company, valued at $513,745,715.70. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. In related news, Chairman Alfred P. West, Jr. sold 44,163 shares of the stock in a transaction on Monday, August 26th. The stock was sold at an average price of $67.55, for a total value of $2,983,210.65. Following the completion of the sale, the chairman now directly owns 7,605,414 shares in the company, valued at $513,745,715.70. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Chairman Alfred P. West, Jr. sold 61,000 shares of the stock in a transaction dated Wednesday, August 28th. The stock was sold at an average price of $67.36, for a total value of $4,108,960.00. Following the sale, the chairman now owns 7,504,285 shares of the company’s stock, valued at $505,488,637.60. The disclosure for this sale can be found here. Insiders sold a total of 132,582 shares of company stock worth $8,942,405 over the last three months. Corporate insiders own 14.30% of the company’s stock.

Wall Street Analyst Weigh In

A number of equities research analysts recently weighed in on SEIC shares. Keefe, Bruyette & Woods restated a “market perform” rating and issued a $73.00 price target (down previously from $74.00) on shares of SEI Investments in a research note on Thursday, July 25th. Piper Sandler dropped their price target on SEI Investments from $72.00 to $71.00 and set a “neutral” rating on the stock in a research note on Thursday, July 25th. One investment analyst has rated the stock with a sell rating, two have given a hold rating and two have given a buy rating to the company. Based on data from MarketBeat, SEI Investments currently has a consensus rating of “Hold” and a consensus target price of $71.25.

SEI Investments Price Performance

SEIC stock opened at $68.79 on Wednesday. The stock has a market capitalization of $9.04 billion, a price-to-earnings ratio of 18.80, a PEG ratio of 1.34 and a beta of 0.99. The business’s fifty day moving average price is $66.73 and its two-hundred day moving average price is $67.25. SEI Investments has a fifty-two week low of $52.19 and a fifty-two week high of $72.54.

SEI Investments (NASDAQ:SEIC) last posted its quarterly earnings data on Wednesday, July 24th. The asset manager reported $1.05 earnings per share for the quarter, topping the consensus estimate of $1.04 by $0.01. The firm had revenue of $518.99 million for the quarter, compared to analysts’ expectations of $523.80 million. SEI Investments had a return on equity of 23.25% and a net margin of 25.44%. The company’s quarterly revenue was up 6.1% compared to the same quarter last year. During the same quarter last year, the business earned $0.89 EPS. Research analysts expect that SEI Investments will post 4.2 EPS for the current year.

About SEI Investments

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.