Toronto Dominion Bank lessened its holdings in shares of SEI Investments (NASDAQ:SEIC – Free Report) by 7.3% in the first quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 58,922 shares of the asset manager’s stock after selling 4,609 shares during the quarter. Toronto Dominion Bank’s holdings in SEI Investments were worth $3,391,000 at the end of the most recent reporting period.
A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in the business. BlackRock Inc. boosted its position in SEI Investments by 2.3% during the first quarter. BlackRock Inc. now owns 11,645,954 shares of the asset manager’s stock worth $701,203,000 after purchasing an additional 260,417 shares during the period. Morgan Stanley lifted its holdings in shares of SEI Investments by 670.4% in the fourth quarter. Morgan Stanley now owns 6,519,582 shares of the asset manager’s stock worth $380,092,000 after buying an additional 5,673,374 shares in the last quarter. State Street Corp lifted its holdings in shares of SEI Investments by 0.8% in the third quarter. State Street Corp now owns 6,293,623 shares of the asset manager’s stock worth $308,702,000 after buying an additional 52,265 shares in the last quarter. Geode Capital Management LLC lifted its holdings in shares of SEI Investments by 0.9% in the fourth quarter. Geode Capital Management LLC now owns 2,004,207 shares of the asset manager’s stock worth $116,738,000 after buying an additional 18,194 shares in the last quarter. Finally, First Trust Advisors LP lifted its holdings in shares of SEI Investments by 3.0% in the first quarter. First Trust Advisors LP now owns 1,418,169 shares of the asset manager’s stock worth $85,388,000 after buying an additional 41,915 shares in the last quarter. Institutional investors own 69.64% of the company’s stock.
SEI Investments Stock Performance
SEIC stock opened at $62.01 on Friday. The company has a market capitalization of $8.21 billion, a PE ratio of 20.95, a price-to-earnings-growth ratio of 1.45 and a beta of 1.03. SEI Investments has a one year low of $46.30 and a one year high of $64.69. The company’s 50 day moving average price is $61.44 and its two-hundred day moving average price is $59.29.
Insiders Place Their Bets
In other SEI Investments news, CFO Dennis Mcgonigle sold 30,000 shares of SEI Investments stock in a transaction that occurred on Wednesday, August 30th. The shares were sold at an average price of $62.22, for a total transaction of $1,866,600.00. Following the transaction, the chief financial officer now directly owns 594,163 shares of the company’s stock, valued at $36,968,821.86. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. In other news, CFO Dennis Mcgonigle sold 30,000 shares of the firm’s stock in a transaction that occurred on Wednesday, August 30th. The shares were sold at an average price of $62.22, for a total value of $1,866,600.00. Following the transaction, the chief financial officer now owns 594,163 shares in the company, valued at $36,968,821.86. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Chairman Alfred P. West, Jr. sold 46,647 shares of the firm’s stock in a transaction that occurred on Tuesday, June 20th. The stock was sold at an average price of $58.99, for a total transaction of $2,751,706.53. Following the completion of the transaction, the chairman now owns 8,519,720 shares in the company, valued at approximately $502,578,282.80. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 127,974 shares of company stock valued at $7,634,071. 15.50% of the stock is currently owned by corporate insiders.
Analysts Set New Price Targets
A number of equities research analysts have recently issued reports on the stock. Piper Sandler increased their price target on shares of SEI Investments from $60.00 to $65.00 in a report on Thursday, July 27th. StockNews.com assumed coverage on shares of SEI Investments in a report on Thursday, August 17th. They issued a “buy” rating on the stock. Keefe, Bruyette & Woods increased their price target on shares of SEI Investments from $66.00 to $68.00 and gave the stock a “market perform” rating in a report on Thursday, July 27th. Finally, Morgan Stanley increased their price target on shares of SEI Investments from $60.00 to $62.00 in a report on Wednesday, July 5th. One analyst has rated the stock with a sell rating, three have assigned a hold rating and two have assigned a buy rating to the stock. According to MarketBeat.com, the stock presently has a consensus rating of “Hold” and an average price target of $65.20.
Get Our Latest Analysis on SEIC
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.
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