Andra AP fonden Has $6.47 Million Stock Position in SEI Investments (NASDAQ:SEIC)

Andra AP fonden cut its holdings in SEI Investments (NASDAQ:SEIC) by 49.7% during the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 78,400 shares of the asset manager’s stock after selling 77,400 shares during the period. Andra AP fonden owned about 0.06% of SEI Investments worth $6,466,000 at the end of the most recent quarter.

Several other large investors have also added to or reduced their stakes in SEIC. Boston Trust Walden Corp lifted its position in SEI Investments by 1.6% during the 4th quarter. Boston Trust Walden Corp now owns 1,306,329 shares of the asset manager’s stock worth $107,746,000 after buying an additional 20,020 shares in the last quarter. Longboard Asset Management LP acquired a new stake in shares of SEI Investments in the fourth quarter valued at about $267,000. CHURCHILL MANAGEMENT Corp bought a new stake in SEI Investments during the fourth quarter worth about $1,818,000. Lecap Asset Management Ltd. acquired a new position in SEI Investments during the fourth quarter valued at approximately $480,000. Finally, Bank of New York Mellon Corp grew its stake in SEI Investments by 4.1% in the fourth quarter. Bank of New York Mellon Corp now owns 1,171,743 shares of the asset manager’s stock valued at $96,645,000 after purchasing an additional 46,425 shares in the last quarter. Institutional investors and hedge funds own 70.59% of the company’s stock.

SEI Investments Price Performance

Shares of SEIC opened at $75.77 on Friday. The firm has a market capitalization of $9.62 billion, a PE ratio of 17.14, a PEG ratio of 1.41 and a beta of 0.94. The company’s 50-day moving average is $82.11 and its 200-day moving average is $77.52. SEI Investments has a fifty-two week low of $62.38 and a fifty-two week high of $87.25.

SEI Investments (NASDAQ:SEIC) last released its quarterly earnings results on Wednesday, January 29th. The asset manager reported $1.19 earnings per share 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%. Analysts predict that SEI Investments will post 4.86 earnings per share for the current fiscal year.

SEI Investments Increases Dividend

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

Insider Activity at SEI Investments

In other news, insider Mark Andrew Warner sold 5,000 shares of the business’s stock in a transaction dated Monday, March 3rd. The shares were sold at an average price of $80.39, for a total value of $401,950.00. Following the completion of the sale, the insider now owns 1,300 shares of the company’s stock, valued at approximately $104,507. The trade was a 79.37 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, Chairman Alfred P. West, Jr. sold 94,158 shares of the company’s stock in a transaction dated Friday, December 13th. The shares were sold at an average price of $85.73, for a total transaction of $8,072,165.34. Following the completion of the transaction, the chairman now owns 7,284,964 shares in the company, valued at $624,539,963.72. This trade represents a 1.28 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 225,414 shares of company stock worth $18,801,608 in the last ninety days. 14.30% of the stock is owned by company insiders.

Analyst Upgrades and Downgrades

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

SEI Investments 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.