Hsbc Holdings PLC Sells 13,083 Shares of SEI Investments Company $SEIC

Hsbc Holdings PLC decreased its stake in shares of SEI Investments Company (NASDAQ:SEIC) by 15.7% during the 2nd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 70,381 shares of the asset manager’s stock after selling 13,083 shares during the period. Hsbc Holdings PLC owned about 0.06% of SEI Investments worth $6,153,000 at the end of the most recent quarter.

Other institutional investors have also bought and sold shares of the company. Elevation Wealth Partners LLC lifted its stake in SEI Investments by 96.8% during the 2nd quarter. Elevation Wealth Partners LLC now owns 309 shares of the asset manager’s stock valued at $27,000 after acquiring an additional 152 shares in the last quarter. CIBC Private Wealth Group LLC grew its stake in shares of SEI Investments by 353.1% in the 3rd quarter. CIBC Private Wealth Group LLC now owns 435 shares of the asset manager’s stock worth $37,000 after acquiring an additional 339 shares in the last quarter. Root Financial Partners LLC raised its holdings in shares of SEI Investments by 40.8% in the first quarter. Root Financial Partners LLC now owns 487 shares of the asset manager’s stock valued at $38,000 after purchasing an additional 141 shares during the last quarter. CX Institutional lifted its position in shares of SEI Investments by 44.6% during the second quarter. CX Institutional now owns 532 shares of the asset manager’s stock valued at $47,000 after purchasing an additional 164 shares in the last quarter. Finally, Geneos Wealth Management Inc. lifted its position in shares of SEI Investments by 60.2% during the first quarter. Geneos Wealth Management Inc. now owns 532 shares of the asset manager’s stock valued at $41,000 after purchasing an additional 200 shares in the last quarter. Institutional investors own 70.59% of the company’s stock.

Wall Street Analyst Weigh In

A number of equities research analysts have issued reports on SEIC shares. UBS Group reaffirmed a “buy” rating and issued a $125.00 price objective on shares of SEI Investments in a research report on Thursday, July 23rd. Raymond James Financial boosted their target price on SEI Investments from $122.00 to $124.00 and gave the stock an “outperform” rating in a research note on Monday, July 6th. Morgan Stanley increased their price target on SEI Investments from $115.00 to $125.00 and gave the company an “overweight” rating in a research report on Thursday, July 23rd. Piper Sandler lifted their price target on SEI Investments from $114.00 to $120.00 and gave the stock an “overweight” rating in a report on Thursday, July 23rd. Finally, Wall Street Zen raised SEI Investments from a “hold” rating to a “buy” rating in a research report on Saturday, July 25th. Six equities research analysts have rated the stock with a Buy rating and one has issued a Hold rating to the company. Based on data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $122.60.

SEI Investments Stock Down 1.3%

SEI Investments stock opened at $107.17 on Thursday. The firm has a 50 day moving average price of $103.46 and a 200-day moving average price of $91.39. The company has a quick ratio of 4.96, a current ratio of 5.06 and a debt-to-equity ratio of 0.06. SEI Investments Company has a twelve month low of $75.08 and a twelve month high of $112.15. The company has a market capitalization of $12.86 billion, a P/E ratio of 18.90 and a beta of 0.97.

SEI Investments (NASDAQ:SEIC) last posted its quarterly earnings data on Wednesday, July 22nd. The asset manager reported $1.66 EPS for the quarter, beating the consensus estimate of $1.44 by $0.22. SEI Investments had a return on equity of 29.16% and a net margin of 28.85%.The business had revenue of $641.62 million for the quarter, compared to the consensus estimate of $636.35 million. During the same quarter in the prior year, the business earned $1.78 earnings per share. SEI Investments’s revenue for the quarter was up 14.7% on a year-over-year basis. As a group, equities analysts predict that SEI Investments Company will post 6.2 EPS for the current year.

Insider Activity at SEI Investments

In other SEI Investments news, CEO Ryan Hicke sold 37,500 shares of the stock in a transaction dated Thursday, September 3rd. The shares were sold at an average price of $110.71, for a total transaction of $4,151,625.00. Following the completion of the transaction, the chief executive officer owned 192,815 shares in the company, valued at $21,346,548.65. This trade represents a 16.28% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, insider Mark Warner sold 15,000 shares of the stock in a transaction dated Tuesday, July 28th. The stock was sold at an average price of $102.35, for a total transaction of $1,535,250.00. Following the transaction, the insider owned 921 shares of the company’s stock, valued at $94,264.35. This represents a 94.22% decrease in their position. The SEC filing for this sale provides additional information. Insiders have sold 179,832 shares of company stock worth $17,897,438 in the last three months. Corporate insiders own 4.80% of the company’s stock.

SEI Investments Company Profile

SEI Investments Company is a global provider of asset management, investment processing, and investment operations solutions. The firm offers a range of services designed to help financial institutions, private banks, wealth managers and family offices streamline back-office functions and enhance front-office capabilities. SEI’s technology platforms support various stages of the investment lifecycle, including trade execution, performance reporting, risk analytics and client communications.

The company’s core offerings include outsourced fund administration, custody and trust services, managed account solutions, and wealth management technology.