Natixis Advisors LLC Sells 125,624 Shares of SEI Investments (NASDAQ:SEIC)

Natixis Advisors LLC lessened its holdings in shares of SEI Investments (NASDAQ:SEIC) by 18.6% in the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 548,646 shares of the asset manager’s stock after selling 125,624 shares during the quarter. Natixis Advisors LLC owned about 0.43% of SEI Investments worth $45,252,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Allworth Financial LP boosted its position in SEI Investments by 53.7% during the fourth 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. First Horizon Advisors Inc. lifted its holdings in shares of SEI Investments by 101.3% in the third quarter. First Horizon Advisors Inc. now owns 461 shares of the asset manager’s stock worth $32,000 after buying an additional 232 shares in the last quarter. Point72 DIFC Ltd purchased a new stake in shares of SEI Investments in the third quarter worth about $45,000. Rialto Wealth Management LLC purchased a new stake in shares of SEI Investments in the fourth quarter worth about $55,000. Finally, EverSource Wealth Advisors LLC lifted its holdings in shares of SEI Investments by 25.0% in the fourth quarter. EverSource Wealth Advisors LLC now owns 860 shares of the asset manager’s stock worth $71,000 after buying an additional 172 shares in the last quarter. Institutional investors own 70.59% of the company’s stock.

SEI Investments Price Performance

Shares of SEI Investments stock opened at $73.98 on Monday. SEI Investments has a 1 year low of $62.38 and a 1 year high of $87.25. The firm has a market cap of $9.39 billion, a PE ratio of 16.74, a PEG ratio of 1.41 and a beta of 0.94. The company has a 50 day simple moving average of $81.25 and a two-hundred day simple moving average of $77.82.

SEI Investments (NASDAQ:SEIC) last announced its earnings results 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, research analysts anticipate that SEI Investments will post 4.86 earnings per share for the current year.

Insider Transactions at SEI Investments

In other news, Chairman Alfred P. West, Jr. sold 1,372 shares of the business’s stock in a transaction that occurred on Wednesday, March 5th. The shares were sold at an average price of $76.28, for a total value of $104,656.16. Following the completion of the sale, the chairman now directly owns 7,078,708 shares in the company, valued at approximately $539,963,846.24. The trade was a 0.02 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, insider Mark Andrew Warner sold 5,000 shares of the business’s stock in a transaction that occurred on Monday, March 3rd. The stock was sold at an average price of $80.39, for a total transaction of $401,950.00. Following the completion of the sale, the insider now owns 1,300 shares of the company’s stock, valued at approximately $104,507. The trade was a 79.37 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders sold 79,214 shares of company stock worth $6,293,903. 14.30% of the stock is currently owned by insiders.

Analyst Upgrades and Downgrades

SEIC has been the topic of a number of recent analyst reports. Raymond James raised shares of SEI Investments from a “market perform” rating to an “outperform” rating and set a $99.00 price target on the stock in a report on Thursday, January 30th. Piper Sandler increased their price target on shares of SEI Investments from $77.00 to $87.00 and gave the stock a “neutral” rating in a report on Monday, December 23rd. Morgan Stanley increased their price target on shares of SEI Investments from $75.00 to $80.00 and gave the stock an “underweight” rating in a report on Friday, January 3rd. Keefe, Bruyette & Woods reaffirmed a “market perform” rating and issued a $90.00 target price (up from $86.00) on shares of SEI Investments in a research note on Thursday, January 30th. Finally, Oppenheimer lifted their target price on shares of SEI Investments from $85.00 to $94.00 and gave the company an “outperform” rating in a research report on Tuesday, January 7th. One research analyst has rated the stock with a sell rating, two have given a hold rating and two have assigned a buy rating to the company. According to MarketBeat.com, SEI Investments has an average rating of “Hold” and a consensus target price 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.