KBW Maintains Market Perform on SEI Investments

KBW is out with its report today on SEI Investments SEIC, maintaining Market Perform. In a note to clients, KBW writes, "We are transferring primary coverage to Robert Lee. We are maintaining our EPS estimates, price target, and Market Perform rating at this time. Although we remain positive on the long-term outlook, a combination of headwinds and a fair valuation may keep a lid on the shares in the near term." Shares of SEIC closed Thursday at $22.51, up 2.04% from Wednesday's close.