SEI Investments (NASDAQ:SEIC) Shares Sold by Aurora Investment Counsel

Aurora Investment Counsel lowered its holdings in SEI Investments (NASDAQ:SEIC) by 21.5% in the fourth quarter, HoldingsChannel reports. The firm owned 19,747 shares of the asset manager’s stock after selling 5,415 shares during the quarter. Aurora Investment Counsel’s holdings in SEI Investments were worth $1,629,000 as of its most recent SEC filing.

Several other large investors have also recently added to or reduced their stakes in SEIC. First Horizon Advisors Inc. boosted its position in SEI Investments by 25.4% in the 4th quarter. First Horizon Advisors Inc. now owns 578 shares of the asset manager’s stock valued at $48,000 after buying an additional 117 shares during the period. Venturi Wealth Management LLC boosted its holdings in SEI Investments by 7.3% in the fourth quarter. Venturi Wealth Management LLC now owns 2,105 shares of the asset manager’s stock valued at $174,000 after purchasing an additional 144 shares during the period. Principal Securities Inc. grew its stake in SEI Investments by 13.3% during the 4th quarter. Principal Securities Inc. now owns 1,324 shares of the asset manager’s stock worth $109,000 after purchasing an additional 155 shares in the last quarter. Allworth Financial LP increased its holdings in SEI Investments by 53.7% during the 4th quarter. Allworth Financial LP now owns 452 shares of the asset manager’s stock worth $38,000 after purchasing an additional 158 shares during the period. Finally, Global Retirement Partners LLC raised its position in SEI Investments by 13.2% in the 4th quarter. Global Retirement Partners LLC now owns 1,450 shares of the asset manager’s stock valued at $120,000 after purchasing an additional 169 shares in the last quarter. 70.59% of the stock is owned by hedge funds and other institutional investors.

SEI Investments Price Performance

Shares of SEIC opened at $72.08 on Friday. The stock has a market cap of $9.15 billion, a PE ratio of 16.31, a price-to-earnings-growth ratio of 1.41 and a beta of 0.94. SEI Investments has a 1-year low of $62.38 and a 1-year high of $87.25. The firm has a fifty day moving average price of $81.60 and a 200 day moving average price of $77.67.

SEI Investments (NASDAQ:SEIC) last announced its quarterly earnings data on Wednesday, January 29th. The asset manager reported $1.19 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.21 by ($0.02). SEI Investments had a net margin of 27.35% and a return on equity of 25.51%. As a group, equities analysts expect that SEI Investments will post 4.86 EPS for the current fiscal year.

Insiders Place Their Bets

In other news, insider Mark Andrew Warner sold 5,000 shares of the stock in a transaction on Monday, March 3rd. The shares were sold at an average price of $80.39, for a total value of $401,950.00. Following the completion of the sale, the insider now owns 1,300 shares of the company’s stock, valued at $104,507. This represents a 79.37 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, Chairman Alfred P. West, Jr. sold 72,842 shares of SEI Investments stock in a transaction on Monday, March 3rd. The shares were sold at an average price of $79.45, for a total transaction of $5,787,296.90. Following the transaction, the chairman now owns 7,160,080 shares in the company, valued at $568,868,356. The trade was a 1.01 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 131,256 shares of company stock worth $10,729,443 over the last three months. 14.30% of the stock is owned by insiders.

Wall Street Analysts Forecast Growth

A number of brokerages have recently commented on SEIC. Morgan Stanley boosted their price objective on SEI Investments from $75.00 to $80.00 and gave the stock an “underweight” rating in a research report on Friday, January 3rd. Piper Sandler increased their price objective on shares of SEI Investments from $77.00 to $87.00 and gave the company a “neutral” rating in a research report on Monday, December 23rd. Raymond James raised shares of SEI Investments from a “market perform” rating to an “outperform” rating and set a $99.00 price objective for the company in a research report on Thursday, January 30th. Keefe, Bruyette & Woods reiterated a “market perform” rating and set a $90.00 target price (up previously from $86.00) on shares of SEI Investments in a research note on Thursday, January 30th. Finally, Oppenheimer raised their price target on SEI Investments from $85.00 to $94.00 and gave the company an “outperform” rating in a research note on Tuesday, January 7th. 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 MarketBeat, the stock has a consensus rating of “Hold” and an average price target of $90.00.

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.