In a report released yesterday, Michael Brown from KBW maintained a Hold rating on SEI Investments Company (SEIC – Research Report), with a price target of $71.00. The company’s shares closed yesterday at $63.24.
Brown covers the Financial sector, focusing on stocks such as KKR & Co, WisdomTree, and P10 Holdings. According to TipRanks, Brown has an average return of 16.0% and a 67.07% success rate on recommended stocks.
SEI Investments Company has an analyst consensus of Moderate Sell, with a price target consensus of $66.00.
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Based on SEI Investments Company’s latest earnings release for the quarter ending September 30, the company reported a quarterly revenue of $476.76 million and a net profit of $115.66 million. In comparison, last year the company earned a revenue of $471.33 million and had a net profit of $61.66 million
Based on the recent corporate insider activity of 50 insiders, corporate insider sentiment is negative on the stock. This means that over the past quarter there has been an increase of insiders selling their shares of SEIC in relation to earlier this year. Most recently, in December 2023, William Doran, a Director at SEIC bought 10,000.00 shares for a total of $337,600.00.
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SEI Investments Company (SEIC) Company Description:
SEI Investments Co. engages in the provision of investment processing, investment management and investment operations platforms. It operates through the following business segments: Private Banks, Investment Advisors, Institutional Investors, Investment Managers and Investments in New Businesses. The Private Banks segment provides outsourced investment processing and investment management platforms to banks and trust institutions, independent wealth advisers and financial advisors worldwide. The Investment Advisors segment provides investment management and investment processing platforms to affluent investors through a network of independent registered investment advisors, financial planners and other investment professionals. The Institutional Investors segment provides investment management and administrative outsourcing platforms to retirement plan sponsors, healthcare systems and not-for-profit organizations worldwide. The Investment Managers segment provides investment operations outsourcing platforms to fund companies, banking institutions and both traditional and non-traditional investment managers worldwide. The Investments in New Businesses segment focuses on the provision of investment management programs to ultra-high-net-worth families residing in the United States, developing internet-based investment services and advice platforms, entering new markets and conducting other research and development activities. The company was founded by Alfred P. West, Jr. in 1968 and is headquartered in Oaks, PA.
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