Amalgamated Bank Sells 2,285 Shares of SEI Investments (NASDAQ:SEIC)

Amalgamated Bank cut its holdings in SEI Investments (NASDAQ:SEIC) by 3.5% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 63,891 shares of the asset manager’s stock after selling 2,285 shares during the period. Amalgamated Bank’s holdings in SEI Investments were worth $4,060,000 at the end of the most recent reporting period.

Other hedge funds have also recently bought and sold shares of the company. abrdn plc boosted its holdings in shares of SEI Investments by 91.0% during the 4th quarter. abrdn plc now owns 36,923 shares of the asset manager’s stock worth $2,346,000 after buying an additional 17,590 shares during the period. IFG Advisory LLC boosted its holdings in SEI Investments by 109.1% during the fourth quarter. IFG Advisory LLC now owns 58,292 shares of the asset manager’s stock valued at $3,704,000 after acquiring an additional 30,408 shares during the period. Diversified Trust Co grew its position in shares of SEI Investments by 299.3% in the fourth quarter. Diversified Trust Co now owns 55,230 shares of the asset manager’s stock valued at $3,510,000 after purchasing an additional 41,397 shares during the last quarter. Nordea Investment Management AB increased its stake in shares of SEI Investments by 9.8% in the fourth quarter. Nordea Investment Management AB now owns 9,445 shares of the asset manager’s stock worth $601,000 after purchasing an additional 841 shares during the period. Finally, Schonfeld Strategic Advisors LLC lifted its position in shares of SEI Investments by 507.3% during the 3rd quarter. Schonfeld Strategic Advisors LLC now owns 88,571 shares of the asset manager’s stock worth $5,335,000 after purchasing an additional 73,987 shares during the last quarter. 70.59% of the stock is owned by institutional investors and hedge funds.

Insider Buying and Selling at SEI Investments

In other SEI Investments news, Chairman Alfred P. West, Jr. sold 150,000 shares of SEI Investments 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 completion of the transaction, the chairman now directly owns 7,884,834 shares of the company’s stock, valued at $557,852,005.50. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. In related news, insider Mark Andrew Warner sold 3,000 shares of the stock in a transaction that occurred on Friday, February 23rd. The stock was sold at an average price of $67.31, for a total transaction of $201,930.00. Following the sale, the insider now directly owns 1,300 shares in the company, valued at approximately $87,503. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Also, Chairman Alfred P. West, Jr. sold 150,000 shares of SEI Investments stock in a transaction on Tuesday, March 26th. The shares were sold at an average price of $70.75, for a total value of $10,612,500.00. Following the completion of the transaction, the chairman now 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 have sold 189,363 shares of company stock worth $13,358,877 over the last three months. Company insiders own 14.30% of the company’s stock.

Analysts Set New Price Targets

Several brokerages have commented on SEIC. StockNews.com raised SEI Investments from a “hold” rating to a “buy” rating in a research report on Saturday, March 2nd. Keefe, Bruyette & Woods reiterated a “market perform” rating and set a $74.00 target price (up from $72.00) on shares of SEI Investments in a research note on Thursday, April 25th. Oppenheimer raised their price target 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 cut their price objective on shares of SEI Investments from $72.00 to $69.00 and set a “neutral” rating for the company in a research report on Thursday, April 25th. 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 company. Based on data from MarketBeat.com, SEI Investments currently has a consensus rating of “Hold” and a consensus price target of $71.00.

SEI Investments Stock Up 0.4 %

NASDAQ SEIC opened at $68.57 on Thursday. SEI Investments has a twelve month low of $52.19 and a twelve month high of $72.54. The stock has a market cap of $9.01 billion, a P/E ratio of 18.73, a PEG ratio of 1.37 and a beta of 1.03. The company’s 50-day simple moving average is $68.64 and its 200 day simple moving average is $64.06.

SEI Investments (NASDAQ:SEIC) last released its quarterly earnings data on Wednesday, April 24th. The asset manager reported $0.99 earnings per share for the quarter, beating the consensus estimate of $0.98 by $0.01. SEI Investments had a return on equity of 22.91% and a net margin of 24.80%. The company had revenue of $511.58 million for the quarter, compared to analyst estimates of $510.41 million. During the same period in the prior year, the company posted $0.79 EPS. The company’s revenue was up 9.1% compared to the same quarter last year. Research analysts anticipate that SEI Investments will post 4.11 earnings per share for the current year.

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.