Analysts’ Opinions Are Mixed on These Financial Stocks: Carolina Financial Corporation (NASDAQ: CARO) and SEI Investments Company (NASDAQ: SEIC)

By Carrie Williams

Analysts have been eager to weigh in on the Financial sector with new ratings on Carolina Financial Corporation (CAROResearch Report) and SEI Investments Company (SEICResearch Report).

Carolina Financial Corporation (CARO)

In a report released today, Tyler Stafford from Stephens maintained a Hold rating on Carolina Financial Corporation, with a price target of $36. The company’s shares opened today at $36.09.

According to TipRanks.com, Stafford is a 4-star analyst with an average return of 5.5% and a 59.6% success rate. Stafford covers the Financial sector, focusing on stocks such as Capstar Financial Holdings Inc, Pacific Premier Bancorp Inc, and Pinnacle Financial Partners.

Currently, the analyst consensus on Carolina Financial Corporation is a Moderate Buy with an average price target of $36.

See today’s analyst top recommended stocks >>

SEI Investments Company (SEIC)

Oppenheimer analyst Glenn Greene maintained a Buy rating on SEI Investments Company today and set a price target of $60. The company’s shares opened today at $55.79.

Greene commented:

“SEIC reported mixed 1Q19 results as revenue fell ~1% Y/Y to ~$401M (vs. our/ Street’s $397/405M estimates) and adjusted EPS of $0.73 compared to our/Street’s $0.75/$0.76 estimates. More important, quarterly net recurring sales were only $1M despite almost $10M within Investment Managers. PB&T recurring sales were flattish while IA and II again saw negative net flows/redemptions. Management suggests SWP sales activity remains robust but deal closes remain hard to come by; same story. SEI continues to progress on the Wells conversion, and now has clarity on timing; full conversion by end of CY22. We remain optimistic long term regarding SWP sales momentum, and PB&T’s long-term profitability trajectory. That said, we are losing patience. Maintain Outperform rating and $60 PT.”

According to TipRanks.com, Greene is a top 25 analyst with an average return of 20.2% and a 85.9% success rate. Greene covers the Technology sector, focusing on stocks such as Jack Henry & Associates, Fidelity National Info, and Total System Services.

The word on The Street in general, suggests a Moderate Buy analyst consensus rating for SEI Investments Company with a $62 average price target.

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