SEI Investments (NASDAQ:SEIC) Chairman Sells $5,787,296.90 in Stock

SEI Investments (NASDAQ:SEIC) Chairman Alfred P. West, Jr. sold 72,842 shares of the stock in a transaction on Monday, March 3rd. The stock was sold at an average price of $79.45, for a total transaction of $5,787,296.90. Following the sale, the chairman now directly owns 7,160,080 shares in the company, valued at $568,868,356. This trade represents a 1.01 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink.

SEI Investments Stock Down 0.3 %

Shares of SEIC opened at $75.77 on Friday. The firm has a 50-day moving average price of $82.26 and a 200 day moving average price of $77.39. The firm has a market capitalization of $9.62 billion, a PE ratio of 17.14, a P/E/G ratio of 1.41 and a beta of 0.94. SEI Investments has a 52-week low of $62.38 and a 52-week high of $87.25.

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

SEI Investments Increases Dividend

The business also recently announced a semi-annual dividend, which was paid on Wednesday, January 8th. Investors of record on Friday, December 27th were given a $0.49 dividend. This represents a yield of 1.1%. The ex-dividend date was Friday, December 27th. This is a positive change from SEI Investments’s previous semi-annual dividend of $0.46. SEI Investments’s dividend payout ratio is currently 22.17%.

Hedge Funds Weigh In On SEI Investments

A number of institutional investors and hedge funds have recently bought and sold shares of SEIC. CoreFirst Bank & Trust acquired a new stake in SEI Investments in the 4th quarter valued at about $31,000. Allworth Financial LP lifted its holdings 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 acquiring an additional 158 shares during the last quarter. First Horizon Advisors Inc. lifted its holdings in SEI Investments by 101.3% in the 3rd quarter. First Horizon Advisors Inc. now owns 461 shares of the asset manager’s stock valued at $32,000 after acquiring an additional 232 shares during the last quarter. Point72 DIFC Ltd acquired a new stake in SEI Investments in the 3rd quarter valued at about $45,000. Finally, Rialto Wealth Management LLC acquired a new stake in SEI Investments in the 4th quarter valued at about $55,000. Institutional investors own 70.59% of the company’s stock.

Wall Street Analyst Weigh In

Several equities analysts have recently commented on SEIC shares. Oppenheimer upped their price target on shares of SEI Investments from $85.00 to $94.00 and gave the stock an “outperform” rating in a research report on Tuesday, January 7th. Morgan Stanley upped their price target on shares of SEI Investments from $75.00 to $80.00 and gave the stock an “underweight” rating in a research report on Friday, January 3rd. Raymond James upgraded shares of SEI Investments from a “market perform” rating to an “outperform” rating and set a $99.00 price target for the company in a research report on Thursday, January 30th. Keefe, Bruyette & Woods restated a “market perform” rating and set a $90.00 price target (up previously from $86.00) on shares of SEI Investments in a research report on Thursday, January 30th. Finally, Piper Sandler upped their price target on shares of SEI Investments from $77.00 to $87.00 and gave the stock a “neutral” rating in a research report on Monday, December 23rd. One research analyst has rated the stock with a sell rating, two have given a hold rating and two have given a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and an average price target of $90.00.

SEI Investments Company Profile

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.