Cerity Partners LLC Acquires 420 Shares of SEI Investments (NASDAQ:SEIC)

Cerity Partners LLC grew its holdings in shares of SEI Investments (NASDAQ:SEIC) by 4.1% during the fourth quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 10,739 shares of the asset manager’s stock after buying an additional 420 shares during the period. Cerity Partners LLC’s holdings in SEI Investments were worth $682,000 as of its most recent filing with the SEC.

Other large investors also recently modified their holdings of the company. IFG Advisory LLC boosted its stake in SEI Investments by 109.1% during the fourth quarter. IFG Advisory LLC now owns 58,292 shares of the asset manager’s stock worth $3,704,000 after acquiring an additional 30,408 shares in the last quarter. Diversified Trust Co boosted its position in shares of SEI Investments by 299.3% during the 4th quarter. Diversified Trust Co now owns 55,230 shares of the asset manager’s stock worth $3,510,000 after purchasing an additional 41,397 shares in the last quarter. Nordea Investment Management AB increased its position in SEI Investments by 9.8% in the 4th quarter. Nordea Investment Management AB now owns 9,445 shares of the asset manager’s stock valued at $601,000 after buying an additional 841 shares in the last quarter. Raymond James & Associates raised its stake in SEI Investments by 4.0% during the 3rd quarter. Raymond James & Associates now owns 474,836 shares of the asset manager’s stock worth $28,599,000 after buying an additional 18,397 shares during the period. Finally, Schonfeld Strategic Advisors LLC boosted its holdings in SEI Investments by 507.3% in the third quarter. Schonfeld Strategic Advisors LLC now owns 88,571 shares of the asset manager’s stock worth $5,335,000 after acquiring an additional 73,987 shares in the last quarter. Institutional investors and hedge funds own 70.59% of the company’s stock.

Insider Buying and Selling at SEI Investments

In other 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 sale, the chairman now directly owns 7,884,834 shares in the company, valued at approximately $557,852,005.50. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. In related news, Chairman Alfred P. West, Jr. sold 19,363 shares of the company’s stock in a transaction that occurred on Thursday, March 28th. The stock was sold at an average price of $72.14, for a total value of $1,396,846.82. Following the transaction, the chairman now owns 7,865,471 shares in the company, valued at $567,415,077.94. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. Also, Chairman Alfred P. West, Jr. sold 150,000 shares of the 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 transaction, the chairman now directly 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. Insiders sold 206,333 shares of company stock worth $14,481,612 in the last quarter. 15.50% of the stock is currently owned by company insiders.

Analyst Ratings Changes

SEIC has been the subject of several recent research reports. Oppenheimer boosted their price objective on SEI Investments from $77.00 to $80.00 and gave the company an “outperform” rating in a report on Tuesday, April 9th. StockNews.com raised shares of SEI Investments from a “hold” rating to a “buy” rating in a research note on Saturday, March 2nd. 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 given a buy rating to the stock. According to MarketBeat.com, SEI Investments has a consensus rating of “Hold” and an average price target of $70.25.

SEI Investments Price Performance

SEIC opened at $67.00 on Wednesday. SEI Investments has a 1 year low of $52.19 and a 1 year high of $72.54. The company has a market capitalization of $8.81 billion, a price-to-earnings ratio of 19.36, a P/E/G ratio of 1.35 and a beta of 1.02. The firm’s fifty day moving average price is $68.55 and its two-hundred day moving average price is $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 for the quarter, hitting the consensus estimate of $0.91. The business had revenue of $484.86 million for the quarter, compared to analysts’ expectations of $481.39 million. SEI Investments had a net margin of 24.08% and a return on equity of 22.40%. During the same period in the previous year, the company earned $0.83 earnings per share. As a group, equities analysts anticipate that SEI Investments will post 4.08 EPS for the current year.

About SEI Investments

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.