SEIC - Sell Alert: Alfred P. West Jr. Cashes Out $10.61M In SEI Inv Stock | Benzinga
Alfred P. West Jr.,, Executive Chairman at SEI Inv (NASDAQ:SEIC), disclosed an insider sell on March 28, according to a recent SEC filing.
What Happened: Jr.,'s recent Form 4 filing with the U.S. Securities and Exchange Commission on Thursday unveiled the sale of 150,000 shares of SEI Inv. The total transaction value is $10,612,500.
The latest market snapshot at Friday morning reveals SEI Inv shares down by 0.17%, trading at $71.9.
About SEI Inv
SEI Investments provides investment processing, management, and operations services to financial institutions, asset managers, asset owners, and financial advisors in four material segments: private banks, investment advisors, institutional investors, and investment managers. SEI also has a minority interest in LSV Asset Management, a value equity asset manager with about $99 billion in assets under management. As of December 2023, SEI (including LSV) manages, administers, or advises about $1.4 trillion in assets.
SEI Inv's Economic Impact: An Analysis
Positive Revenue Trend: Examining SEI Inv's financials over 3 months reveals a positive narrative. The company achieved a noteworthy revenue growth rate of 6.19% as of 31 December, 2023, showcasing a substantial increase in top-line earnings. In comparison to its ...