Metis Global Partners LLC Increases Holdings in SEI Investments (NASDAQ:SEIC)

Metis Global Partners LLC increased its stake in SEI Investments (NASDAQ:SEIC) by 3.4% during the fourth quarter, according to its most recent filing with the SEC. The fund owned 6,795 shares of the asset manager’s stock after buying an additional 226 shares during the quarter. Metis Global Partners LLC’s holdings in SEI Investments were worth $560,000 at the end of the most recent quarter.

Several other institutional investors also recently added to or reduced their stakes in the stock. First Horizon Advisors Inc. lifted its stake in SEI Investments by 101.3% in the third quarter. First Horizon Advisors Inc. now owns 461 shares of the asset manager’s stock valued at $32,000 after purchasing an additional 232 shares during the last quarter. Allworth Financial LP grew its stake in shares of SEI Investments by 53.7% during the 4th quarter. Allworth Financial LP now owns 452 shares of the asset manager’s stock worth $38,000 after acquiring an additional 158 shares during the period. Point72 DIFC Ltd purchased a new stake in SEI Investments in the 3rd quarter worth about $45,000. Principal Securities Inc. boosted its position in SEI Investments by 13.3% during the fourth quarter. Principal Securities Inc. now owns 1,324 shares of the asset manager’s stock worth $109,000 after purchasing an additional 155 shares during the period. Finally, Global Retirement Partners LLC increased its stake in shares of SEI Investments by 13.2% in the fourth quarter. Global Retirement Partners LLC now owns 1,450 shares of the asset manager’s stock worth $120,000 after purchasing an additional 169 shares in the last quarter. Institutional investors own 70.59% of the company’s stock.

Insider Buying and Selling at SEI Investments

In other news, Chairman Alfred P. West, Jr. sold 5,984 shares of the stock in a transaction that occurred on Friday, December 6th. The stock was sold at an average price of $84.23, for a total transaction of $504,032.32. Following the completion of the sale, the chairman now owns 7,371,522 shares of the company’s stock, valued at approximately $620,903,298.06. This represents a 0.08 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, insider Mark Andrew Warner sold 5,000 shares of SEI Investments stock in a transaction on Monday, March 3rd. The stock was sold at an average price of $80.39, for a total transaction of $401,950.00. Following the completion of the transaction, the insider now directly owns 1,300 shares in the company, valued at approximately $104,507. The trade was a 79.37 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 230,026 shares of company stock worth $19,200,984 over the last three months. Company insiders own 14.30% of the company’s stock.

Analysts Set New Price Targets

A number of research firms recently weighed in on SEIC. Oppenheimer lifted their price objective on shares of SEI Investments from $85.00 to $94.00 and gave the company an “outperform” rating in a research note on Tuesday, January 7th. Morgan Stanley boosted 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. Keefe, Bruyette & Woods restated a “market perform” rating and issued a $90.00 target price (up previously from $86.00) on shares of SEI Investments in a research note on Thursday, January 30th. Piper Sandler upped their price target on SEI Investments from $77.00 to $87.00 and gave the company a “neutral” rating in a research report on Monday, December 23rd. Finally, Raymond James upgraded shares of SEI Investments from a “market perform” rating to an “outperform” rating and set a $99.00 price objective for the company in a research report on Thursday, January 30th. One equities research analyst has rated the stock with a sell rating, two have issued a hold rating and two have given a buy rating to the stock. According to data from MarketBeat, SEI Investments has an average rating of “Hold” and an average price target of $90.00.

SEI Investments Trading Up 0.9 %

Shares of SEIC opened at $76.93 on Thursday. SEI Investments has a 12-month low of $62.38 and a 12-month high of $87.25. The company has a market cap of $9.77 billion, a PE ratio of 17.40, a price-to-earnings-growth ratio of 1.41 and a beta of 0.98. The stock has a 50-day moving average price of $82.58 and a 200-day moving average price of $77.40.

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 analysts’ consensus estimates 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, analysts predict that SEI Investments will post 4.86 earnings per share for the current year.

SEI Investments Increases Dividend

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

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.