Natixis Advisors LLC Has $46.65 Million Position in SEI Investments (NASDAQ:SEIC)

Natixis Advisors LLC cut its position in SEI Investments (NASDAQ:SEIC) by 0.1% in the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 674,270 shares of the asset manager’s stock after selling 1,005 shares during the quarter. Natixis Advisors LLC owned about 0.52% of SEI Investments worth $46,653,000 at the end of the most recent reporting period.

Several other institutional investors have also added to or reduced their stakes in the company. Fairfield Financial Advisors LTD acquired a new position in shares of SEI Investments during the 2nd quarter worth $30,000. Livforsakringsbolaget Skandia Omsesidigt increased its holdings in SEI Investments by 925.9% in the 3rd quarter. Livforsakringsbolaget Skandia Omsesidigt now owns 554 shares of the asset manager’s stock worth $38,000 after purchasing an additional 500 shares in the last quarter. Bessemer Group Inc. increased its holdings in SEI Investments by 184.7% in the 1st quarter. Bessemer Group Inc. now owns 595 shares of the asset manager’s stock worth $43,000 after purchasing an additional 386 shares in the last quarter. EverSource Wealth Advisors LLC increased its holdings in SEI Investments by 78.3% in the 1st quarter. EverSource Wealth Advisors LLC now owns 626 shares of the asset manager’s stock worth $41,000 after purchasing an additional 275 shares in the last quarter. Finally, Mather Group LLC. increased its holdings in SEI Investments by 181.2% in the 2nd quarter. Mather Group LLC. now owns 776 shares of the asset manager’s stock worth $50,000 after purchasing an additional 500 shares in the last quarter. 70.59% of the stock is currently owned by institutional investors.

Insider Transactions at SEI Investments

In related news, Director Carmen Romeo sold 5,000 shares of SEI Investments stock in a transaction on Wednesday, November 6th. The stock was sold at an average price of $79.64, for a total transaction of $398,200.00. Following the completion of the sale, the director now owns 1,577,652 shares of the company’s stock, valued at approximately $125,644,205.28. This trade represents a 0.32 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, EVP Michael Peterson sold 10,000 shares of SEI Investments stock in a transaction dated Wednesday, November 6th. The stock was sold at an average price of $79.14, for a total value of $791,400.00. Following the completion of the transaction, the executive vice president now owns 6,500 shares in the company, valued at approximately $514,410. This represents a 60.61 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 200,646 shares of company stock valued at $14,115,934 over the last three months. Company insiders own 14.30% of the company’s stock.

Analyst Upgrades and Downgrades

SEIC has been the topic of several research analyst reports. Morgan Stanley upped their target price on SEI Investments from $70.00 to $75.00 and gave the company an “underweight” rating in a research report on Thursday, October 24th. Keefe, Bruyette & Woods reiterated a “market perform” rating and issued a $73.00 price target (down previously from $74.00) on shares of SEI Investments in a report on Thursday, July 25th. Oppenheimer increased their price target on SEI Investments from $81.00 to $85.00 and gave the stock an “outperform” rating in a report on Thursday, October 24th. Finally, Piper Sandler increased their price target on SEI Investments from $74.00 to $77.00 and gave the stock a “neutral” rating in a report on Thursday, October 24th. One investment 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. According to data from MarketBeat, SEI Investments has an average rating of “Hold” and an average target price of $77.50.

SEI Investments Trading Down 1.6 %

Shares of SEIC opened at $80.23 on Monday. The company has a market capitalization of $10.34 billion, a price-to-earnings ratio of 19.38, a PEG ratio of 1.52 and a beta of 0.97. The stock has a 50 day moving average of $72.36 and a 200 day moving average of $68.60. SEI Investments has a 12 month low of $57.43 and a 12 month high of $81.97.

SEI Investments (NASDAQ:SEIC) last released its earnings results on Wednesday, October 23rd. The asset manager reported $1.19 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.07 by $0.12. SEI Investments had a return on equity of 24.29% and a net margin of 26.60%. The business had revenue of $537.40 million during the quarter, compared to the consensus estimate of $534.08 million. During the same period last year, the business posted $0.87 earnings per share. The business’s revenue for the quarter was up 12.7% on a year-over-year basis. As a group, equities research analysts predict that SEI Investments will post 4.41 earnings per share for the current year.

SEI Investments declared that its Board of Directors has initiated a share repurchase plan on Tuesday, October 22nd that allows the company to buyback $400.00 million in outstanding shares. This buyback authorization allows the asset manager to reacquire up to 4.3% of its stock through open market purchases. Stock buyback plans are often an indication that the company’s board of directors believes its shares are undervalued.

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.