SEI Investments Executive Chairman Sells Over $3.3M in Company Shares

Alfred P. West Jr., Executive Chairman of SEI Investments Co., has sold over $3.3 million worth of company shares in two transactions, reducing his direct ownership stake to 7,676,996 shares, which may impact investor confidence and the company's stock price. The sale takes place in the context of SEI Investments, a global provider of wealth and investment management solutions with a market cap of $8.91 billion, which West co-founded and has led for decades. This description focuses on the primary topic of the article (Alfred P. West Jr.'s sale of SEI Investments shares), the main entity (SEI Investments Co.), the context (the company's market cap and West's leadership), and the significant action and implication (the sale's potential impact on investor confidence and stock price). The description provides objective and relevant details that will help an AI generate an accurate visual representation of the article's content.

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Bijay Laxmi
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SEI Investments Executive Chairman Sells Over $3.3M in Company Shares

SEI Investments Executive Chairman Sells Over $3.3M in Company Shares

Alfred P. West Jr., Executive Chairman of SEI Investments Co. (NASDAQ:SEIC), has sold over $3.3 million worth of company shares in two transactions on May 13-14, 2024. The sale reduced West's direct ownership in the company to 7,676,996 shares.

Why this matters: The sale of shares by a high-ranking executive can have a significant impact on investor confidence and the company's stock price. This development may also influence the investment decisions of other stakeholders, including institutional investors and individual shareholders.

Prior to the recent sale, West had sold 70,000 shares of SEI Investments stock on Thursday, May 9th at an average price of $68.62, for a total value of $4,803,400.00. Following that transaction, West owned 7,795,471 shares in the company, valued at approximately $534,925,220.02.

The May 9th transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. SEI Investments has a 1-year low of $52.19 and a 1-year high of $72.54. The company's 50-day moving average is $68.67, and its 200-day moving average is $64.42.

SEI Investments Co. provides wealth and investment management solutions to corporations, financial institutions, financial advisors, and ultra-high-net-worth families. The company has a market cap of $8.91 billion, a P/E ratio of 18.52, a PEG ratio of 1.39, and a beta of 1.03.

West co-founded SEI Investments in 1968 and has served as the company's CEO and chairman. Under his leadership, SEI has grown into a global provider of investment processing, investment management, and investment operations solutions. The company manages, advises, or administers approximately $1 trillion in hedge, private equity, mutual fund, and pooled or separately managed assets.

The recent share sale by Alfred P. West Jr. in May 2024 marks a significant reduction in his direct ownership stake in SEI Investments. Despite the sale of over $3.3 million in shares, West still retains a substantial holding of 7,676,996 shares in the company he co-founded and has led for decades.

Key Takeaways

  • Alfred P. West Jr. sold $3.3M worth of SEI Investments shares on May 13-14, 2024.
  • West's direct ownership reduced to 7,676,996 shares after the sale.
  • West sold 70,000 shares on May 9th at $68.62, totaling $4,803,400.
  • SEI Investments has a 1-year low of $52.19 and a 1-year high of $72.54.
  • West co-founded SEI Investments in 1968 and still holds a substantial stake.