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UPDATE: Stifel Nicolaus Raises PT to $23 on SEI Investments Company; New Sales Acceleration

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Stifel Nicolaus raises its price target from $21 to $23 on SEI Investments Company (NASDAQ: SEIC) as outlook brightens amid acceleration in new sales.

Stifel Nicolaus notes, "SEIC Q1 EPS of $0.28 were in line. The earnings were helped by $0.01 of investment gains, net of unusual expenses. Most prominent in the quarter was the acceleration in new business across all segments. Private Banking announced three new clients equal to $9 million in annualized revenues; this brings the number of GWP clients to 17."

SEIC closed at $ on Wednesday.

Posted-In: Stifel NicolausAnalyst Color Price Target Reiteration Intraday Update Analyst Ratings

 

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