2 weeks Ago By ABMN Staff
CreativeOne Wealth LLC acquired a new stake in shares of SEI Investments ( NASDAQ:SEIC – Free Report ) in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm acquired 2,928 shares of the asset manager’s stock, valued at approximately $242,000. Several other large investors have also recently made changes to their positions in the company.
MML Investors Services LLC grew its holdings in SEI Investments by 12.2% during the 3rd quarter. MML Investors Services LLC now owns 3,472 shares of the asset manager’s stock valued at $240,000 after buying an additional 377 shares in the last quarter.
Wilmington Savings Fund Society FSB purchased a new position in shares of SEI Investments in the third quarter valued at $374,000. Franklin Resources Inc. increased its position in SEI Investments by 17.
8% in the third quarter. Franklin Resources Inc. now owns 320,482 shares of the asset manager’s stock worth $22,799,000 after purchasing an additional 48,429 shares during the last quarter.
DGS Capital Management LLC raised its stake in SEI Investments by 14.4% during the third quarter. DGS Capital Management LLC now owns 11,518 shares of the asset manager’s stock valued at $797,000 after purchasing an additional 1,448 shares in the last quarter.
Finally, JPMorgan Chase & Co. lifted its position in SEI Investments by 13.6% during the third quarter.
JPMorgan Chase & Co. now owns 507,916 shares of the asset manager’s stock valued at $35,143,000 after purchasing an additional 60,824 shares during the last quarter. 70.
59% of the stock is owned by institutional investors. SEI Investments Price Performance Shares of SEIC opened at $71.66 on Monday.
The firm has a market capitalization of $9.10 billion, a price-to-earnings ratio of 16.21, a PEG ratio of 1.
41 and a beta of 0.90. The company has a 50-day moving average of $76.
04 and a 200 day moving average of $78.89. SEI Investments has a 1-year low of $62.
38 and a 1-year high of $87.25. SEI Investments announced that its board has authorized a share repurchase plan on Tuesday, March 18th that permits the company to repurchase $500.
00 million in outstanding shares. This repurchase authorization permits the asset manager to purchase up to 5.3% of its stock through open market purchases.
Stock repurchase plans are generally a sign that the company’s board believes its shares are undervalued. Insider Activity In other news, Chairman Alfred P. West, Jr.
sold 72,842 shares of the business’s stock in a transaction on Monday, March 3rd. The stock was sold at an average price of $79.45, for a total value of $5,787,296.
90. Following the completion of the transaction, the chairman now directly owns 7,160,080 shares of the company’s stock, valued at approximately $568,868,356. The trade was a 1.
01 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link . Also, insider Mark Andrew Warner sold 5,000 shares of the firm’s stock in a transaction dated 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 directly owns 1,300 shares in the company, valued at approximately $104,507. The trade was a 79.37 % decrease in their position.
The disclosure for this sale can be found here . Over the last 90 days, insiders have sold 79,214 shares of company stock worth $6,293,903. Company insiders own 14.
30% of the company’s stock. Wall Street Analysts Forecast Growth SEIC has been the topic of several recent research reports. Oppenheimer upped their target price on shares of SEI Investments from $85.
00 to $94.00 and gave the company an “outperform” rating in a research report on Tuesday, January 7th. Morgan Stanley upgraded SEI Investments from an “underweight” rating to an “overweight” rating and dropped their target price for the stock from $81.
00 to $77.00 in a report on Monday, April 7th. Keefe, Bruyette & Woods restated a “market perform” rating and set a $90.
00 price target (up previously from $86.00) on shares of SEI Investments in a report on Thursday, January 30th. Piper Sandler lowered their price target on SEI Investments from $87.
00 to $74.00 and set a “neutral” rating for the company in a research report on Tuesday, April 8th. Finally, Raymond James upgraded shares of SEI Investments from a “market perform” rating to an “outperform” rating and set a $99.
00 price objective on the stock in a research report on Thursday, January 30th. Three research analysts have rated the stock with a hold rating and three have issued a buy rating to the stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $86.
80. View Our Latest Report on SEI Investments SEI Investments Profile ( Free Report ) 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.
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