337,156 Shares in SEI Investments (NASDAQ:SEIC) Purchased by Comerica Bank
Comerica Bank acquired a new position in SEI Investments (NASDAQ:SEIC – Free Report) during the 2nd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund acquired 337,156 shares of the asset manager’s stock, valued at approximately $20,101,000. Comerica Bank owned 0.25% of SEI Investments as of its most recent filing with the Securities & Exchange Commission.
Other hedge funds have also added to or reduced their stakes in the company. Vestor Capital LLC bought a new stake in SEI Investments in the second quarter worth about $45,000. UniSuper Management Pty Ltd bought a new stake in SEI Investments in the second quarter worth about $48,000. Exchange Traded Concepts LLC bought a new stake in SEI Investments in the second quarter worth about $55,000. Point72 Asset Management L.P. bought a new stake in SEI Investments in the second quarter worth about $71,000. Finally, Industrial Alliance Investment Management Inc. bought a new stake in SEI Investments in the first quarter worth about $77,000. Institutional investors own 69.64% of the company’s stock.
Insiders Place Their Bets
In other SEI Investments news, Chairman Alfred P. West, Jr. sold 4,700 shares of the business’s stock in a transaction that occurred on Monday, December 4th. The shares were sold at an average price of $59.97, for a total value of $281,859.00. Following the completion of the transaction, the chairman now owns 8,030,834 shares of the company’s stock, valued at approximately $481,609,114.98. The transaction was disclosed in a filing with the SEC, which is available through this link. In other SEI Investments news, Chairman Alfred P. West, Jr. sold 4,700 shares of the business’s stock in a transaction that occurred on Monday, December 4th. The shares were sold at an average price of $59.97, for a total value of $281,859.00. Following the completion of the transaction, the chairman now owns 8,030,834 shares of the company’s stock, valued at approximately $481,609,114.98. The transaction was disclosed in a filing with the SEC, which is available through this link. Also, EVP Michael Peterson sold 25,000 shares of the business’s stock in a transaction that occurred on Tuesday, September 19th. The stock was sold at an average price of $61.29, for a total transaction of $1,532,250.00. Following the completion of the transaction, the executive vice president now directly owns 2,500 shares of the company’s stock, valued at approximately $153,225. The disclosure for this sale can be found here. Insiders sold a total of 67,967 shares of company stock valued at $4,085,826 in the last quarter. Corporate insiders own 15.50% of the company’s stock.
Analyst Ratings Changes
Several analysts have recently issued reports on the stock. Piper Sandler lowered their price target on shares of SEI Investments from $64.00 to $58.00 and set a “neutral” rating on the stock in a research report on Thursday, October 26th. Oppenheimer lowered their price target on shares of SEI Investments from $71.00 to $68.00 and set an “outperform” rating on the stock in a research report on Thursday, October 5th. StockNews.com raised shares of SEI Investments from a “hold” rating to a “buy” rating in a research report on Wednesday, October 25th. Finally, Morgan Stanley boosted their price target on shares of SEI Investments from $60.00 to $61.00 and gave the company an “underweight” rating in a research report on Friday, December 1st. One investment 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, SEI Investments presently has a consensus rating of “Hold” and a consensus price target of $63.75.
Read Our Latest Research Report on SEI Investments
SEI Investments Trading Down 1.5 %
SEI Investments stock opened at $62.00 on Friday. The firm’s 50 day simple moving average is $57.34 and its 200 day simple moving average is $59.43. The firm has a market capitalization of $8.16 billion, a PE ratio of 18.34, a price-to-earnings-growth ratio of 1.51 and a beta of 1.01. SEI Investments has a 1-year low of $52.19 and a 1-year high of $64.69.
SEI Investments (NASDAQ:SEIC – Get Free Report) last posted its earnings results on Wednesday, October 25th. The asset manager reported $0.87 earnings per share for the quarter, hitting analysts’ consensus estimates of $0.87. The business had revenue of $476.80 million for the quarter, compared to analyst estimates of $482.52 million. SEI Investments had a net margin of 23.99% and a return on equity of 22.48%. SEI Investments’s revenue was up 1.2% on a year-over-year basis. During the same quarter in the prior year, the firm posted $0.77 EPS. Research analysts forecast that SEI Investments will post 3.41 earnings per share for the current year.
SEI Investments Company Profile (Free Report)
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.
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Original: MarketBeat News Feed: 337,156 Shares in SEI Investments (NASDAQ:SEIC) Purchased by Comerica Bank