SEI Investments (NASDAQ:SEIC) Chairman Sells $104,656.16 in Stock

SEI Investments (NASDAQ:SEIC) Chairman Alfred P. West, Jr. sold 1,372 shares of the business’s stock in a transaction dated Wednesday, March 5th. The stock was sold at an average price of $76.28, for a total transaction of $104,656.16. Following the completion of the sale, the chairman now owns 7,078,708 shares in the company, valued at approximately $539,963,846.24. This trade represents a 0.02 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through the SEC website.

SEI Investments Stock Down 1.3 %

Shares of SEI Investments stock traded down $0.99 on Friday, hitting $74.99. The stock had a trading volume of 222,959 shares, compared to its average volume of 609,626. The business’s 50 day moving average is $82.43 and its two-hundred day moving average is $77.40. SEI Investments has a twelve month low of $62.38 and a twelve month high of $87.25. The stock has a market cap of $9.52 billion, a price-to-earnings ratio of 16.92, a price-to-earnings-growth ratio of 1.41 and a beta of 0.98.

SEI Investments (NASDAQ:SEIC) last posted its earnings results on Wednesday, January 29th. The asset manager reported $1.19 EPS for the quarter, missing the consensus estimate of $1.21 by ($0.02). SEI Investments had a net margin of 27.35% and a return on equity of 25.51%. As a group, equities analysts predict that SEI Investments will post 4.86 earnings per share for the current fiscal year.

SEI Investments Increases Dividend

The business also recently declared a semi-annual dividend, which was paid on Wednesday, January 8th. Shareholders of record on Friday, December 27th were issued a $0.49 dividend. This represents a yield of 1.1%. This is a boost from SEI Investments’s previous semi-annual dividend of $0.46. The ex-dividend date of this dividend was Friday, December 27th. SEI Investments’s dividend payout ratio (DPR) is presently 22.17%.

Hedge Funds Weigh In On SEI Investments

A number of large investors have recently modified their holdings of the company. CoreFirst Bank & Trust bought a new stake in shares of SEI Investments in the 4th quarter worth $31,000. Allworth Financial LP increased its stake in SEI Investments by 53.7% in the 4th quarter. Allworth Financial LP now owns 452 shares of the asset manager’s stock valued at $38,000 after buying an additional 158 shares during the last quarter. First Horizon Advisors Inc. lifted its position in shares of SEI Investments by 101.3% during the 3rd quarter. First Horizon Advisors Inc. now owns 461 shares of the asset manager’s stock worth $32,000 after buying an additional 232 shares in the last quarter. Point72 DIFC Ltd bought a new position in SEI Investments in the 3rd quarter valued at $45,000. Finally, Rialto Wealth Management LLC purchased a new position in SEI Investments in the fourth quarter valued at approximately $55,000. 70.59% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

SEIC has been the subject of a number of research reports. Piper Sandler raised their price objective on SEI Investments from $77.00 to $87.00 and gave the stock a “neutral” rating in a research report on Monday, December 23rd. Morgan Stanley upped their price target on SEI Investments from $75.00 to $80.00 and gave the stock an “underweight” rating in a research note on Friday, January 3rd. Keefe, Bruyette & Woods reaffirmed a “market perform” rating and issued a $90.00 price target (up previously from $86.00) on shares of SEI Investments in a report on Thursday, January 30th. Raymond James raised SEI Investments from a “market perform” rating to an “outperform” rating and set a $99.00 price target on the stock in a research note on Thursday, January 30th. Finally, Oppenheimer lifted their price objective on SEI Investments from $85.00 to $94.00 and gave the company an “outperform” rating in a research report on Tuesday, January 7th. One research analyst has rated the stock with a sell rating, two have issued a hold rating and two have assigned a buy rating to the stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Hold” and a consensus price target of $90.00.

About SEI Investments

SEI Investments Company is a publicly owned asset management holding company. Through its subsidiaries, the firm provides wealth management, retirement and investment solutions, asset management, asset administration, investment processing outsourcing solutions, financial services, and investment advisory services to its clients.