SEI Investments (NASDAQ:SEIC) Shares Bought by Boston Trust Walden Corp

Boston Trust Walden Corp boosted its holdings in shares of SEI Investments (NASDAQ:SEIC) by 1.6% in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 1,306,329 shares of the asset manager’s stock after purchasing an additional 20,020 shares during the period. Boston Trust Walden Corp owned approximately 1.01% of SEI Investments worth $107,746,000 at the end of the most recent quarter.

Other large investors have also recently added to or reduced their stakes in the company. Aurora Investment Counsel raised its position in shares of SEI Investments by 0.6% during the third quarter. Aurora Investment Counsel now owns 25,162 shares of the asset manager’s stock worth $1,741,000 after purchasing an additional 144 shares during the period. Northwestern Mutual Wealth Management Co. increased its stake in SEI Investments by 16.3% in the 2nd quarter. Northwestern Mutual Wealth Management Co. now owns 1,197 shares of the asset manager’s stock worth $77,000 after purchasing an additional 168 shares in the last quarter. Creative Planning raised its holdings in SEI Investments by 2.3% during the 3rd quarter. Creative Planning now owns 8,086 shares of the asset manager’s stock worth $559,000 after buying an additional 182 shares during the period. Procyon Advisors LLC lifted its stake in SEI Investments by 0.5% during the fourth quarter. Procyon Advisors LLC now owns 35,602 shares of the asset manager’s stock valued at $2,936,000 after buying an additional 187 shares in the last quarter. Finally, First Horizon Advisors Inc. boosted its holdings in shares of SEI Investments by 101.3% in the third quarter. First Horizon Advisors Inc. now owns 461 shares of the asset manager’s stock worth $32,000 after buying an additional 232 shares during the period. 70.59% of the stock is currently owned by institutional investors.

SEI Investments Stock Up 0.6 %

NASDAQ:SEIC opened at $86.58 on Monday. The company’s 50 day moving average is $83.17 and its 200-day moving average is $74.89. The firm has a market cap of $11.16 billion, a price-to-earnings ratio of 19.59, a P/E/G ratio of 1.48 and a beta of 0.98. SEI Investments has a 12 month low of $62.38 and a 12 month high of $87.25.

SEI Investments (NASDAQ:SEIC) last announced 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 return on equity of 25.51% and a net margin of 27.35%. Research analysts predict that SEI Investments will post 4.86 EPS for the current fiscal year.

SEI Investments Increases Dividend

The firm also recently announced a semi-annual dividend, which was paid on Wednesday, January 8th. Stockholders of record on Friday, December 27th were paid a $0.49 dividend. This represents a dividend 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 (DPR) is 22.17%.

SEI Investments declared that its board has authorized a stock repurchase program on Tuesday, October 22nd that permits the company to buyback $400.00 million in shares. This buyback authorization permits the asset manager to repurchase up to 4.3% of its shares through open market purchases. Shares buyback programs are usually a sign that the company’s board of directors believes its shares are undervalued.

Wall Street Analyst Weigh In

Several analysts have issued reports on SEIC shares. Morgan Stanley boosted their target price on shares of 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 reissued a “market perform” rating and issued a $90.00 price objective (up from $86.00) on shares of SEI Investments in a research note on Thursday. Raymond James raised SEI Investments from a “market perform” rating to an “outperform” rating and set a $99.00 target price on the stock in a research note on Thursday. Oppenheimer increased their target price 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. Finally, Piper Sandler boosted their price target on shares of SEI Investments from $77.00 to $87.00 and gave the company 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 three have given a buy rating to the stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Hold” and an average price target of $90.00.

Insiders Place Their Bets

In related news, Director Carmen Romeo sold 5,000 shares of the business’s stock in a transaction that occurred on Wednesday, November 6th. The stock was sold at an average price of $79.64, for a total value of $398,200.00. Following the completion of the transaction, the director now directly owns 1,577,652 shares in the company, valued at approximately $125,644,205.28. The trade was a 0.32 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, 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 transaction of $4,435,539.66. Following the sale, the chairman now directly 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 disclosure for this sale can be found here. In the last 90 days, insiders sold 186,194 shares of company stock valued at $15,769,472. Company insiders own 14.30% of the company’s stock.

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.