SEI Investments (NASDAQ:SEIC) Chairman Alfred P. West, Jr. Sells 1,372 Shares

SEI Investments (NASDAQ:SEIC) Chairman Alfred P. West, Jr. sold 1,372 shares of the stock in a transaction that occurred on Wednesday, March 5th. The stock was sold at an average price of $76.28, for a total transaction of $104,656.16. Following the completion of the transaction, the chairman now owns 7,078,708 shares in the company, valued at approximately $539,963,846.24. This trade represents a 0.02 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through this link.

SEI Investments Trading Down 0.3 %

SEI Investments stock opened at $75.77 on Friday. SEI Investments has a 12 month low of $62.38 and a 12 month high of $87.25. The stock’s 50 day simple moving average is $82.26 and its two-hundred day simple moving average is $77.39. The firm has a market cap of $9.62 billion, a PE ratio of 17.14, a P/E/G ratio of 1.41 and a beta of 0.94.

SEI Investments (NASDAQ:SEIC) last announced its earnings results 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 net margin of 27.35% and a return on equity of 25.51%. On average, equities research analysts forecast that SEI Investments will post 4.86 EPS for the current year.

SEI Investments Increases Dividend

The company also recently disclosed a semi-annual dividend, which was paid on Wednesday, January 8th. Investors of record on Friday, December 27th were paid a $0.49 dividend. This is an increase 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 is currently 22.17%.

Institutional Inflows and Outflows

Several hedge funds have recently added to or reduced their stakes in SEIC. Private Advisor Group LLC raised its stake in SEI Investments by 9.4% in the 3rd quarter. Private Advisor Group LLC now owns 3,550 shares of the asset manager’s stock valued at $246,000 after purchasing an additional 306 shares during the last quarter. International Assets Investment Management LLC raised its stake in SEI Investments by 6,818.9% in the 3rd quarter. International Assets Investment Management LLC now owns 2,560 shares of the asset manager’s stock valued at $177,000 after purchasing an additional 2,523 shares during the last quarter. Van ECK Associates Corp raised its stake in SEI Investments by 72.3% in the 3rd quarter. Van ECK Associates Corp now owns 94,605 shares of the asset manager’s stock valued at $6,689,000 after purchasing an additional 39,711 shares during the last quarter. Asset Management One Co. Ltd. raised its stake in SEI Investments by 25.9% in the 3rd quarter. Asset Management One Co. Ltd. now owns 71,842 shares of the asset manager’s stock valued at $4,971,000 after purchasing an additional 14,757 shares during the last quarter. Finally, Portside Wealth Group LLC increased its stake in shares of SEI Investments by 10.2% in the 3rd quarter. Portside Wealth Group LLC now owns 4,732 shares of the asset manager’s stock worth $327,000 after acquiring an additional 438 shares during the last quarter. 70.59% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Several brokerages recently weighed in on SEIC. Oppenheimer increased their price target on shares of SEI Investments from $85.00 to $94.00 and gave the stock 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 price target on the stock in a report on Thursday, January 30th. Morgan Stanley upped their price objective on SEI Investments from $75.00 to $80.00 and gave the stock an “underweight” rating in a research report on Friday, January 3rd. Keefe, Bruyette & Woods restated a “market perform” rating and issued a $90.00 price objective (up previously from $86.00) on shares of SEI Investments in a research report on Thursday, January 30th. Finally, Piper Sandler upped their price objective on SEI Investments from $77.00 to $87.00 and gave the stock a “neutral” rating in a research report on Monday, December 23rd. One equities research analyst has rated the stock with a sell rating, two have given a hold rating and two have issued a buy rating to the stock. Based on data from MarketBeat, SEI Investments has a consensus rating of “Hold” and a consensus target price of $90.00.

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.