Q3 EPS Estimates for SEI Investments Boosted by Analyst

SEI Investments (NASDAQ:SEIC) – Analysts at William Blair upped their Q3 2024 earnings per share estimates for SEI Investments in a report released on Monday, October 14th. William Blair analyst J. Schmitt now expects that the asset manager will earn $1.08 per share for the quarter, up from their prior forecast of $1.06. The consensus estimate for SEI Investments’ current full-year earnings is $4.24 per share.

Other equities analysts have also recently issued research reports about the stock. Piper Sandler increased their price objective on shares of SEI Investments from $71.00 to $74.00 and gave the stock a “neutral” rating in a research report on Wednesday, October 9th. Keefe, Bruyette & Woods reaffirmed a “market perform” rating and issued a $73.00 price target (down previously from $74.00) on shares of SEI Investments in a research report on Thursday, July 25th. Finally, Oppenheimer lifted their target price on shares of SEI Investments from $80.00 to $81.00 and gave the stock an “outperform” rating in a research report on Tuesday, October 8th. One 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 stock. According to data from MarketBeat, the company has a consensus rating of “Hold” and a consensus target price of $72.25.

SEI Investments Trading Down 0.0 %

Shares of SEI Investments stock opened at $73.35 on Thursday. The business has a 50-day moving average price of $68.26 and a two-hundred day moving average price of $67.32. SEI Investments has a 1-year low of $52.19 and a 1-year high of $73.66. The company has a market cap of $9.53 billion, a P/E ratio of 19.20, a PEG ratio of 1.40 and a beta of 0.99.

SEI Investments (NASDAQ:SEIC) last issued its quarterly earnings results on Wednesday, July 24th. The asset manager reported $1.05 earnings per share for the quarter, topping 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 firm had revenue of $518.99 million during the quarter, compared to the consensus estimate of $523.80 million. During the same period last year, the business posted $0.89 EPS. The business’s revenue was up 6.1% compared to the same quarter last year.

Institutional Trading of SEI Investments

Hedge funds have recently added to or reduced their stakes in the business. Fairfield Financial Advisors LTD bought a new stake in SEI Investments in the second quarter worth $30,000. Livforsakringsbolaget Skandia Omsesidigt lifted its stake in SEI Investments by 925.9% in the third quarter. Livforsakringsbolaget Skandia Omsesidigt now owns 554 shares of the asset manager’s stock worth $38,000 after purchasing an additional 500 shares during the last quarter. EverSource Wealth Advisors LLC lifted its stake in SEI Investments by 78.3% in the first quarter. EverSource Wealth Advisors LLC now owns 626 shares of the asset manager’s stock worth $41,000 after purchasing an additional 275 shares during the last quarter. Bessemer Group Inc. lifted its stake in SEI Investments by 184.7% in the first quarter. Bessemer Group Inc. now owns 595 shares of the asset manager’s stock worth $43,000 after purchasing an additional 386 shares during the last quarter. Finally, Mather Group LLC. increased its position in shares of SEI Investments by 181.2% in the second 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. 70.59% of the stock is owned by institutional investors.

Insider Transactions at SEI Investments

In related news, Chairman Alfred P. West, Jr. sold 44,163 shares of SEI Investments stock in a transaction that occurred on Monday, August 26th. The shares were sold at an average price of $67.55, for a total value of $2,983,210.65. Following the completion of the transaction, the chairman now directly owns 7,605,414 shares in the company, valued at approximately $513,745,715.70. The trade was a 0.00 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. In other news, Chairman Alfred P. West, Jr. sold 44,163 shares of SEI Investments stock in a transaction 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 completion of the sale, the chairman now directly owns 7,605,414 shares of the company’s stock, valued at approximately $513,745,715.70. The trade was a 0.00 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, Chairman Alfred P. West, Jr. sold 61,000 shares of SEI Investments stock in a transaction on 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 directly owns 7,504,285 shares of the company’s stock, valued at $505,488,637.60. This represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 132,582 shares of company stock worth $8,942,405 in the last quarter. Insiders own 14.30% of the company’s stock.

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.