SEI Investments Co (NASDAQ:SEIC) Executive Chairman Alfred P. West Jr. has sold a total of 140,000 shares of the company's common stock over two consecutive days, according to recent filings with the Securities and Exchange Commission. The transactions, which took place on May 9 and May 10, 2024, resulted in a combined sale amount of over $9.6 million.
On the first day, West sold 70,000 shares at an average price of $68.62, while on the following day, he sold another 70,000 shares at a slightly lower average price of $68.60. The sales were executed in a price range from $68.25 to $68.98, with the weighted average prices being disclosed in footnotes accompanying the filing.
Following these transactions, West's direct ownership in SEI Investments Co stands at 7,725,471 shares. The sales are part of the normal course of action for executives managing their personal investment portfolios and are reported in compliance with SEC regulations.
Investors and market watchers often monitor insider transactions such as these for insights into executive confidence and company health. SEI Investments Co, a leading provider of investment processing, management, and operations solutions, continues to be a significant player in the financial services industry.
The details of the transactions are publicly available and provide transparency into the trading activities of the company's executives. West, who has served as Executive Chairman, remains a key figure in the company's leadership and strategic direction.
For further information on these transactions, interested parties may refer to the full SEC Form 4 filings.
InvestingPro Insights
As SEI Investments Co (NASDAQ:SEIC) navigates the financial services industry landscape, recent market data from InvestingPro provides a broader context for investors considering the company's stock. SEI Investments Co is currently trading at a P/E Ratio of 18.54, showcasing the company's earnings relative to its share price. This aligns closely with the adjusted P/E Ratio for the last twelve months as of Q1 2024, which stands at 18.45.
The company's commitment to shareholder returns is evident through its consistent dividend payments, having maintained them for 36 consecutive years, and has raised its dividend for 10 consecutive years. This is a testament to SEI Investments Co's financial stability and dedication to returning value to its investors. Additionally, two analysts have revised their earnings upwards for the upcoming period, indicating a positive outlook on the company's financial performance.
From a growth perspective, SEI Investments Co has demonstrated revenue growth of 4.45% over the last twelve months as of Q1 2024, with a more recent quarterly revenue growth rate of 9.05%. These figures suggest a solid trajectory for the company's revenue streams.
Investors seeking more in-depth analysis and additional InvestingPro Tips can explore the insights available on InvestingPro's platform for SEI Investments Co at https://www.investing.com/pro/SEIC. There are 9 more InvestingPro Tips listed, which could provide further valuable information for making informed investment decisions. Remember to use the coupon code PRONEWS24 to get an additional 10% off a yearly or biyearly Pro and Pro+ subscription, enhancing your investment research with exclusive data and expert insights.
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