Oppenheimer Asset Management Inc. Sells 138 Shares of SEI Investments (NASDAQ:SEIC)

Oppenheimer Asset Management Inc. lowered its position in SEI Investments (NASDAQ:SEIC) by 0.8% during the 4th quarter, HoldingsChannel reports. The fund owned 17,844 shares of the asset manager’s stock after selling 138 shares during the period. Oppenheimer Asset Management Inc.’s holdings in SEI Investments were worth $1,472,000 at the end of the most recent quarter.

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

Analyst Upgrades and Downgrades

SEIC has been the topic of a number of recent analyst reports. Piper Sandler increased their target price on SEI Investments from $77.00 to $87.00 and gave the stock a “neutral” rating in a research note on Monday, December 23rd. Keefe, Bruyette & Woods reaffirmed a “market perform” rating and issued a $90.00 price target (up previously from $86.00) on shares of SEI Investments in a research note on Thursday, January 30th. 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 report on Tuesday, January 7th. Raymond James upgraded shares of 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, January 30th. Finally, Morgan Stanley lifted their price target 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. One analyst has rated the stock with a sell rating, two have given a hold rating and two have issued a buy rating to the company. Based on data from MarketBeat, the company currently has a consensus rating of “Hold” and a consensus price target of $90.00.

SEI Investments Stock Performance

NASDAQ SEIC opened at $79.05 on Tuesday. The company’s 50-day simple moving average is $82.74 and its two-hundred day simple moving average is $77.33. SEI Investments has a one year low of $62.38 and a one year high of $87.25. The company has a market capitalization of $10.04 billion, a price-to-earnings ratio of 17.88, a price-to-earnings-growth ratio of 1.41 and a beta of 0.98.

SEI Investments (NASDAQ:SEIC) last issued 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 net margin of 27.35% and a return on equity of 25.51%. Equities analysts expect that SEI Investments will post 4.86 earnings per share for the current fiscal year.

SEI Investments Increases Dividend

The business also recently disclosed a semi-annual dividend, which was paid on Wednesday, January 8th. Investors of record on Friday, December 27th were paid 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 dividend yield of 1.1%. The ex-dividend date was Friday, December 27th. SEI Investments’s dividend payout ratio is 22.17%.

Insider Activity at SEI Investments

In other news, Chairman Alfred P. West, Jr. sold 5,984 shares of the firm’s stock in a transaction dated Friday, December 6th. The shares were sold at an average price of $84.23, for a total value of $504,032.32. Following the sale, the chairman now directly owns 7,371,522 shares in the company, valued at approximately $620,903,298.06. This trade represents a 0.08 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Insiders have sold a total of 171,194 shares of company stock valued at $14,579,872 over the last quarter. 14.30% of the stock is owned by corporate 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.