Bison Wealth LLC Takes $210,000 Position in SEI Investments (NASDAQ:SEIC)

Bison Wealth LLC bought a new stake in SEI Investments (NASDAQ:SEIC) during the fourth quarter, according to its most recent disclosure with the SEC. The institutional investor bought 3,302 shares of the asset manager’s stock, valued at approximately $210,000.

A number of other institutional investors and hedge funds also recently modified their holdings of the company. Baird Financial Group Inc. raised its holdings in shares of SEI Investments by 1.1% in the 3rd quarter. Baird Financial Group Inc. now owns 15,900 shares of the asset manager’s stock valued at $780,000 after purchasing an additional 172 shares during the period. Gould Capital LLC grew its stake in SEI Investments by 1.3% in the 3rd quarter. Gould Capital LLC now owns 14,744 shares of the asset manager’s stock valued at $872,000 after buying an additional 195 shares during the last quarter. VisionPoint Advisory Group LLC grew its stake in SEI Investments by 67.1% in the 3rd quarter. VisionPoint Advisory Group LLC now owns 513 shares of the asset manager’s stock valued at $31,000 after buying an additional 206 shares during the last quarter. Gries Financial LLC grew its stake in SEI Investments by 0.5% in the 2nd quarter. Gries Financial LLC now owns 41,718 shares of the asset manager’s stock valued at $2,487,000 after buying an additional 210 shares during the last quarter. Finally, Toroso Investments LLC grew its stake in SEI Investments by 0.9% in the 4th quarter. Toroso Investments LLC now owns 24,261 shares of the asset manager’s stock valued at $1,414,000 after buying an additional 213 shares during the last quarter. 70.59% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

A number of brokerages recently commented on SEIC. StockNews.com upgraded shares of SEI Investments from a “hold” rating to a “buy” rating in a research note on Saturday, March 2nd. Oppenheimer upped their price target on shares of SEI Investments from $77.00 to $80.00 and gave the company an “outperform” rating in a research note on Tuesday, April 9th. Finally, Piper Sandler upped their price target on shares of SEI Investments from $66.00 to $72.00 and gave the company a “neutral” rating in a research note on Wednesday, April 10th. One investment 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’s stock. Based on data from MarketBeat, the company currently has an average rating of “Hold” and an average price target of $70.25.

Insider Activity

In other news, Chairman Alfred P. West, Jr. sold 19,363 shares of the firm’s stock in a transaction on Thursday, March 28th. The shares were sold at an average price of $72.14, for a total transaction of $1,396,846.82. Following the completion of the transaction, the chairman now owns 7,865,471 shares of the company’s stock, valued at $567,415,077.94. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. In other news, Chairman Alfred P. West, Jr. sold 19,363 shares of the firm’s stock in a transaction on Thursday, March 28th. The shares were sold at an average price of $72.14, for a total transaction of $1,396,846.82. Following the completion of the transaction, the chairman now owns 7,865,471 shares of the company’s stock, valued at $567,415,077.94. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, Chairman Alfred P. West, Jr. sold 150,000 shares of the stock in a transaction on Tuesday, March 26th. The stock was sold at an average price of $70.75, for a total transaction of $10,612,500.00. Following the sale, the chairman now owns 7,884,834 shares of the company’s stock, valued at $557,852,005.50. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 206,333 shares of company stock valued at $14,481,612. Insiders own 15.50% of the company’s stock.

SEI Investments Trading Down 0.5 %

Shares of SEI Investments stock opened at $66.08 on Thursday. The company has a market cap of $8.69 billion, a PE ratio of 19.10, a price-to-earnings-growth ratio of 1.36 and a beta of 1.02. The company has a 50 day moving average of $68.54 and a 200-day moving average of $63.03. SEI Investments has a 1-year low of $52.19 and a 1-year high of $72.54.

SEI Investments (NASDAQ:SEIC) last issued its quarterly earnings data on Wednesday, January 31st. The asset manager reported $0.91 EPS for the quarter, meeting the consensus estimate of $0.91. The business had revenue of $484.86 million during the quarter, compared to the consensus estimate of $481.39 million. SEI Investments had a net margin of 24.08% and a return on equity of 22.40%. During the same quarter in the prior year, the firm earned $0.83 EPS. Research analysts forecast that SEI Investments will post 4.08 earnings per share for the current year.

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.