Hahn Capital Management LLC Raises Holdings in SEI Investments (NASDAQ:SEIC)

Hahn Capital Management LLC boosted its position in shares of SEI Investments (NASDAQ:SEIC) by 46.0% during the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 126,910 shares of the asset manager’s stock after acquiring an additional 39,991 shares during the period. SEI Investments makes up approximately 4.6% of Hahn Capital Management LLC’s holdings, making the stock its 8th largest holding. Hahn Capital Management LLC owned approximately 0.10% of SEI Investments worth $10,468,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. FMR LLC grew its stake in shares of SEI Investments by 249.7% in the 3rd quarter. FMR LLC now owns 885,113 shares of the asset manager’s stock valued at $61,241,000 after purchasing an additional 632,024 shares during the period. Los Angeles Capital Management LLC bought a new stake in shares of SEI Investments in the 4th quarter valued at approximately $26,702,000. Geode Capital Management LLC grew its stake in shares of SEI Investments by 13.5% in the 3rd quarter. Geode Capital Management LLC now owns 2,520,430 shares of the asset manager’s stock valued at $174,092,000 after purchasing an additional 300,704 shares during the period. Portman Square Capital LLP grew its stake in shares of SEI Investments by 113.1% in the 4th quarter. Portman Square Capital LLP now owns 17,408 shares of the asset manager’s stock valued at $1,436,000 after purchasing an additional 149,840 shares during the period. Finally, UMB Bank n.a. bought a new stake in shares of SEI Investments in the 4th quarter valued at approximately $9,096,000. 70.59% of the stock is currently owned by institutional investors.

SEI Investments Price Performance

NASDAQ SEIC opened at $79.27 on Friday. The firm has a market cap of $10.06 billion, a PE ratio of 17.93, a price-to-earnings-growth ratio of 1.41 and a beta of 0.98. SEI Investments has a one year low of $62.38 and a one year high of $87.25. The stock’s 50 day simple moving average is $82.88 and its 200 day simple moving average is $76.98.

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

SEI Investments Increases Dividend

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

Analyst Upgrades and Downgrades

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

Insider Activity

In other news, Chairman Alfred P. West, Jr. sold 52,042 shares of the stock in a transaction on Monday, December 16th. The stock was sold at an average price of $85.23, for a total value of $4,435,539.66. Following the transaction, the chairman now owns 7,232,922 shares of the company’s stock, valued at $616,461,942.06. This represents a 0.71 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Insiders have sold a total of 171,194 shares of company stock valued at $14,579,872 in the last 90 days. 14.30% of the stock is owned by company insiders.

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.