Charles Schwab Investment Management Inc. Acquires 3,967 Shares of SEI Investments (NASDAQ:SEIC)

Charles Schwab Investment Management Inc. lifted its stake in shares of SEI Investments (NASDAQ:SEIC) by 0.6% in the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 668,333 shares of the asset manager’s stock after buying an additional 3,967 shares during the quarter. Charles Schwab Investment Management Inc.’s holdings in SEI Investments were worth $55,124,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds have also bought and sold shares of the company. Metis Global Partners LLC increased its holdings in SEI Investments by 3.4% in the 4th quarter. Metis Global Partners LLC now owns 6,795 shares of the asset manager’s stock worth $560,000 after acquiring an additional 226 shares during the last quarter. US Bancorp DE grew its stake in SEI Investments by 0.6% in the fourth quarter. US Bancorp DE now owns 36,509 shares of the asset manager’s stock worth $3,011,000 after purchasing an additional 235 shares during the period. Fisher Asset Management LLC grew its stake in shares of SEI Investments by 4.2% in the fourth quarter. Fisher Asset Management LLC now owns 7,949 shares of the asset manager’s stock worth $656,000 after acquiring an additional 322 shares during the last quarter. Hahn Capital Management LLC lifted its holdings in shares of SEI Investments by 46.0% during the fourth quarter. Hahn Capital Management LLC now owns 126,910 shares of the asset manager’s stock valued at $10,468,000 after purchasing an additional 39,991 shares in the last quarter. Finally, Proficio Capital Partners LLC bought a new position in SEI Investments in the fourth quarter valued at about $993,000. Institutional investors and hedge funds own 70.59% of the company’s stock.

SEI Investments Stock Performance

SEIC opened at $72.08 on Friday. The business’s 50-day simple moving average is $81.60 and its 200-day simple moving average is $77.67. SEI Investments has a one year low of $62.38 and a one year high of $87.25. The stock has a market capitalization of $9.15 billion, a P/E ratio of 16.31, a price-to-earnings-growth ratio of 1.41 and a beta of 0.94.

SEI Investments (NASDAQ:SEIC) last issued its quarterly earnings results on Wednesday, January 29th. The asset manager reported $1.19 earnings per share (EPS) 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%. On average, equities research analysts forecast that SEI Investments will post 4.86 EPS for the current fiscal year.

Analyst Ratings Changes

Several analysts recently issued reports on the company. 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 research report on Thursday, January 30th. Morgan Stanley upped their price objective on SEI Investments from $75.00 to $80.00 and gave the stock an “underweight” rating in a research note on Friday, January 3rd. Oppenheimer increased their price objective on SEI Investments from $85.00 to $94.00 and gave the company an “outperform” rating in a report on Tuesday, January 7th. Keefe, Bruyette & Woods restated a “market perform” rating and issued a $90.00 target price (up previously from $86.00) on shares of SEI Investments in a research note on Thursday, January 30th. Finally, Piper Sandler raised their target price on SEI Investments from $77.00 to $87.00 and gave the company a “neutral” rating in a research report on Monday, December 23rd. One equities research analyst has rated the stock with a sell rating, two have issued a hold rating and two have issued a buy rating to the company. According to MarketBeat.com, SEI Investments presently has an average rating of “Hold” and a consensus target price of $90.00.

Insider Transactions at SEI Investments

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 shares were sold at an average price of $80.39, for a total value of $401,950.00. Following the sale, the insider now owns 1,300 shares in the company, valued at approximately $104,507. This trade represents a 79.37 % decrease in their ownership of the stock. The sale 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 72,842 shares of the firm’s stock in a transaction that occurred on Monday, March 3rd. The shares were sold at an average price of $79.45, for a total transaction of $5,787,296.90. Following the transaction, the chairman now owns 7,160,080 shares in the company, valued at $568,868,356. This represents a 1.01 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 131,256 shares of company stock valued at $10,729,443 in the last quarter. 14.30% of the stock is currently owned by corporate insiders.

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.