B. Metzler seel. Sohn & Co. AG Invests $238,000 in SEI Investments (NASDAQ:SEIC)

B. Metzler seel. Sohn & Co. AG purchased a new stake in SEI Investments (NASDAQ:SEIC) in the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The fund purchased 2,882 shares of the asset manager’s stock, valued at approximately $238,000.

A number of other large investors have also added to or reduced their stakes in SEIC. FMR LLC lifted its position in shares of SEI Investments by 249.7% during the 3rd quarter. FMR LLC now owns 885,113 shares of the asset manager’s stock valued at $61,241,000 after acquiring an additional 632,024 shares during the period. Chevy Chase Trust Holdings LLC lifted its position in SEI Investments by 211.6% during the third quarter. Chevy Chase Trust Holdings LLC now owns 79,690 shares of the asset manager’s stock worth $5,514,000 after purchasing an additional 54,118 shares during the period. HighTower Advisors LLC grew its stake in SEI Investments by 4.0% during the third quarter. HighTower Advisors LLC now owns 10,939 shares of the asset manager’s stock worth $761,000 after buying an additional 425 shares in the last quarter. Investment Management Corp of Ontario bought a new position in SEI Investments in the 3rd quarter valued at about $257,000. Finally, Point72 Asset Management L.P. acquired a new position in shares of SEI Investments in the 3rd quarter valued at approximately $540,000. Institutional investors and hedge funds own 70.59% of the company’s stock.

Insider Transactions at SEI Investments

In other news, Chairman Alfred P. West, Jr. sold 1,372 shares of the firm’s stock in a transaction dated Wednesday, March 5th. The stock was sold at an average price of $76.28, for a total transaction of $104,656.16. Following the completion of the transaction, the chairman now directly owns 7,078,708 shares in the company, valued at $539,963,846.24. This trade represents a 0.02 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, insider Mark Andrew Warner sold 5,000 shares of the company’s stock in a transaction that occurred 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 in the company, valued at $104,507. The trade was a 79.37 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 79,214 shares of company stock worth $6,293,903. Company insiders own 14.30% of the company’s stock.

SEI Investments Trading Down 6.1 %

SEI Investments stock opened at $69.02 on Friday. The stock has a 50-day moving average price of $79.41 and a two-hundred day moving average price of $78.64. SEI Investments has a 12 month low of $62.38 and a 12 month high of $87.25. The company has a market capitalization of $8.76 billion, a PE ratio of 15.62, a P/E/G ratio of 1.41 and a beta of 0.94.

SEI Investments (NASDAQ:SEIC) last issued its quarterly earnings data on Wednesday, January 29th. The asset manager reported $1.19 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates 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, analysts predict that SEI Investments will post 4.86 earnings per share for the current fiscal year.

SEI Investments announced that its board has approved a share buyback plan on Tuesday, March 18th that permits the company to repurchase $500.00 million in outstanding shares. This repurchase authorization permits the asset manager to repurchase up to 5.3% of its shares through open market purchases. Shares repurchase plans are generally an indication that the company’s board believes its stock is undervalued.

Analyst Upgrades and Downgrades

A number of research analysts recently issued reports on SEIC shares. Raymond James raised shares of SEI Investments from a “market perform” rating to an “outperform” rating and set a $99.00 price objective on the stock in a research note on Thursday, January 30th. Piper Sandler upped their price objective on SEI Investments from $77.00 to $87.00 and gave the stock a “neutral” rating in a research report on Monday, December 23rd. Morgan Stanley decreased their target price on SEI Investments from $84.00 to $81.00 and set an “underweight” rating on the stock in a research report on Wednesday. Keefe, Bruyette & Woods reissued a “market perform” rating and issued a $90.00 target price (up previously from $86.00) on shares of SEI Investments in a report on Thursday, January 30th. Finally, Oppenheimer upped their price objective on shares of SEI Investments from $85.00 to $94.00 and gave the stock an “outperform” rating in a research report on Tuesday, January 7th. One equities research analyst has rated the stock with a sell rating, two have given a hold rating and two have given a buy rating to the company’s stock. Based on data from MarketBeat.com, SEI Investments has an average rating of “Hold” and an average price target of $90.20.

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.