SEI Investments (NASDAQ:SEIC) Shares Sold by APG Asset Management N.V.

APG Asset Management N.V. lessened its holdings in shares of SEI Investments (NASDAQ:SEIC) by 84.8% during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 27,061 shares of the asset manager’s stock after selling 151,455 shares during the period. APG Asset Management N.V.’s holdings in SEI Investments were worth $1,633,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also recently bought and sold shares of the business. Fairfield Financial Advisors LTD purchased a new position in SEI Investments in the second quarter valued at about $30,000. TFO Wealth Partners LLC boosted its stake in shares of SEI Investments by 6,277.8% during the 4th quarter. TFO Wealth Partners LLC now owns 574 shares of the asset manager’s stock worth $36,000 after acquiring an additional 565 shares in the last quarter. EverSource Wealth Advisors LLC grew its holdings 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 worth $41,000 after acquiring an additional 275 shares during the period. Bessemer Group Inc. increased 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 purchasing an additional 386 shares in the last quarter. Finally, Mather Group LLC. raised its holdings 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 purchasing an additional 500 shares during the last quarter. Institutional investors and hedge funds own 70.59% of the company’s stock.

SEI Investments Stock Performance

SEI Investments stock opened at $69.19 on Tuesday. SEI Investments has a fifty-two week low of $52.19 and a fifty-two week high of $72.54. The company has a market capitalization of $9.09 billion, a price-to-earnings ratio of 18.90, a PEG ratio of 1.37 and a beta of 0.99. The stock has a fifty day moving average of $66.90 and a two-hundred day moving average of $67.24.

SEI Investments (NASDAQ:SEIC) last posted its quarterly earnings data on Wednesday, July 24th. The asset manager reported $1.05 EPS for the quarter, topping analysts’ consensus estimates of $1.04 by $0.01. The firm had revenue of $518.99 million during 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 firm’s quarterly revenue was up 6.1% compared to the same quarter last year. During the same quarter last year, the business posted $0.89 EPS. On average, analysts forecast that SEI Investments will post 4.2 EPS for the current fiscal year.

Analysts Set New Price Targets

Several analysts have weighed in on the company. Piper Sandler lowered their target price on SEI Investments from $72.00 to $71.00 and set a “neutral” rating on the stock in a report on Thursday, July 25th. Keefe, Bruyette & Woods reissued a “market perform” rating and issued a $73.00 price objective (down from $74.00) on shares of SEI Investments in a research note on Thursday, July 25th. One analyst has rated the stock with a sell rating, two have given a hold rating and two have assigned a buy rating to the company. According to data from MarketBeat.com, the company presently has a consensus rating of “Hold” and an average price target of $71.25.

Insider Transactions at SEI Investments

In related news, Chairman Alfred P. West, Jr. sold 44,163 shares of the company’s stock in a transaction that occurred on Monday, August 26th. The shares were sold at an average price of $67.55, for a total transaction of $2,983,210.65. Following the transaction, the chairman now owns 7,605,414 shares of the company’s stock, valued at $513,745,715.70. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. In other SEI Investments news, Chairman Alfred P. West, Jr. sold 61,000 shares of SEI Investments 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 completion of the sale, the chairman now owns 7,504,285 shares in the company, valued at approximately $505,488,637.60. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, Chairman Alfred P. West, Jr. sold 44,163 shares of the stock in a transaction dated 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 transaction, the chairman now owns 7,605,414 shares in the company, valued at $513,745,715.70. 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 ninety days. 14.30% of the stock is currently owned by corporate insiders.

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.