Cwm LLC Lowers Holdings in SEI Investments (NASDAQ:SEIC)

Cwm LLC trimmed its position in SEI Investments (NASDAQ:SEIC) by 5.2% during the fourth quarter, HoldingsChannel.com reports. The institutional investor owned 72,585 shares of the asset manager’s stock after selling 3,983 shares during the period. Cwm LLC’s holdings in SEI Investments were worth $4,613,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds and other institutional investors have also recently bought and sold shares of SEIC. National Bank of Canada FI grew its position in SEI Investments by 6,552.2% in the 3rd quarter. National Bank of Canada FI now owns 24,347 shares of the asset manager’s stock valued at $1,441,000 after buying an additional 23,981 shares during the last quarter. AE Wealth Management LLC grew its position in SEI Investments by 15.6% in the 3rd quarter. AE Wealth Management LLC now owns 17,387 shares of the asset manager’s stock valued at $1,047,000 after buying an additional 2,348 shares during the last quarter. DnB Asset Management AS grew its position in SEI Investments by 23.6% in the 3rd quarter. DnB Asset Management AS now owns 19,906 shares of the asset manager’s stock valued at $1,199,000 after buying an additional 3,804 shares during the last quarter. Impact Partnership Wealth LLC purchased a new position in SEI Investments in the 3rd quarter valued at $129,000. Finally, Caprock Group LLC purchased a new position in SEI Investments in the 3rd quarter valued at $201,000. 70.59% of the stock is currently owned by hedge funds and other institutional investors.

Insider Transactions at SEI Investments

In other news, Chairman Alfred P. West, Jr. sold 19,363 shares of SEI Investments stock in a transaction on Thursday, March 28th. The stock was 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 approximately $567,415,077.94. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. In related news, Chairman Alfred P. West, Jr. sold 19,363 shares of the business’s stock in a transaction dated Thursday, March 28th. The shares were sold at an average price of $72.14, for a total value 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 approximately $567,415,077.94. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, Chairman Alfred P. West, Jr. sold 150,000 shares of the business’s stock in a transaction dated Tuesday, March 26th. The shares were sold at an average price of $70.75, for a total transaction of $10,612,500.00. Following the completion of the transaction, the chairman now directly owns 7,884,834 shares of the company’s stock, valued at approximately $557,852,005.50. The disclosure for this sale can be found here. Insiders sold 206,333 shares of company stock valued at $14,481,612 in the last 90 days. 15.50% of the stock is currently owned by insiders.

Wall Street Analyst Weigh In

Several brokerages have commented on SEIC. StockNews.com upgraded shares of SEI Investments from a “hold” rating to a “buy” rating in a research report on Saturday, March 2nd. Oppenheimer boosted their target price on shares of SEI Investments from $77.00 to $80.00 and gave the stock an “outperform” rating in a research report on Tuesday, April 9th. Finally, Piper Sandler boosted their target price on shares of SEI Investments from $66.00 to $72.00 and gave the stock a “neutral” rating in a research report on Wednesday, April 10th. One equities research analyst has rated the stock with a sell rating, two have assigned a hold rating and two have assigned a buy rating to the stock. Based on data from MarketBeat, the stock presently has an average rating of “Hold” and an average price target of $70.25.

SEI Investments Stock Up 0.1 %

NASDAQ:SEIC opened at $67.00 on Wednesday. The company has a market capitalization of $8.81 billion, a PE ratio of 19.36, a price-to-earnings-growth ratio of 1.37 and a beta of 1.02. SEI Investments has a 52-week low of $52.19 and a 52-week high of $72.54. The stock has a fifty day simple moving average of $68.55 and a 200-day simple moving average of $63.31.

SEI Investments (NASDAQ:SEIC) last released its quarterly earnings results on Wednesday, January 31st. The asset manager reported $0.91 earnings per share (EPS) for the quarter, hitting 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 return on equity of 22.40% and a net margin of 24.08%. During the same quarter in the previous year, the company posted $0.83 EPS. As a group, equities analysts anticipate 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.