SEI Investments (NASDAQ:SEIC) Chairman Alfred West, Jr. Sells 55,000 Shares

SEI Investments Company (NASDAQ:SEIC) Chairman Alfred West, Jr. sold 55,000 shares of SEI Investments stock in a transaction that occurred on Tuesday, March 10th. The shares were sold at an average price of $80.23, for a total transaction of $4,412,650.00. Following the sale, the chairman directly owned 6,883,230 shares of the company’s stock, valued at $552,241,542.90. This represents a 0.79% decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink.

SEI Investments Stock Down 0.3%

Shares of SEIC stock traded down $0.25 on Thursday, hitting $79.39. The stock had a trading volume of 112,207 shares, compared to its average volume of 751,251. SEI Investments Company has a one year low of $64.66 and a one year high of $93.96. The business has a 50 day moving average price of $83.57 and a 200 day moving average price of $83.67. The company has a market cap of $9.71 billion, a PE ratio of 14.09 and a beta of 0.96. The company has a quick ratio of 3.20, a current ratio of 3.29 and a debt-to-equity ratio of 0.04.

SEI Investments (NASDAQ:SEIC) last announced its earnings results on Wednesday, January 28th. The asset manager reported $1.30 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.34 by ($0.04). The company had revenue of $607.93 million for the quarter, compared to the consensus estimate of $596.97 million. SEI Investments had a net margin of 31.14% and a return on equity of 30.26%. The firm’s revenue was up 9.1% compared to the same quarter last year. During the same period last year, the business posted $1.19 EPS. Research analysts anticipate that SEI Investments Company will post 4.86 earnings per share for the current fiscal year.

SEI Investments Announces Dividend

The business also recently declared a dividend, which was paid on Monday, January 12th. Shareholders of record on Monday, December 29th were paid a dividend of $0.52 per share. The ex-dividend date was Monday, December 29th. This represents a yield of 124.0%. SEI Investments’s dividend payout ratio is presently 18.47%.

Wall Street Analysts Forecast Growth

Several research analysts have recently issued reports on the company. Weiss Ratings restated a “buy (b)” rating on shares of SEI Investments in a research note on Thursday, January 22nd. Morgan Stanley upped their target price on SEI Investments from $115.00 to $117.00 and gave the company an “overweight” rating in a research report on Tuesday, January 6th. UBS Group assumed coverage on shares of SEI Investments in a report on Wednesday, February 4th. They issued a “buy” rating and a $115.00 price target on the stock. Keefe, Bruyette & Woods lifted their price objective on shares of SEI Investments from $97.00 to $102.00 and gave the company an “outperform” rating in a research note on Thursday, January 8th. Finally, Raymond James Financial reaffirmed an “outperform” rating and issued a $117.00 price objective on shares of SEI Investments in a report on Monday, January 5th. Seven research analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the company’s stock. Based on data from MarketBeat, SEI Investments presently has an average rating of “Moderate Buy” and a consensus target price of $109.67.

Institutional Trading of SEI Investments

Institutional investors have recently modified their holdings of the stock. Vanguard Group Inc. lifted its stake in shares of SEI Investments by 0.3% in the third quarter. Vanguard Group Inc. now owns 11,260,591 shares of the asset manager’s stock worth $955,461,000 after buying an additional 30,970 shares in the last quarter. Loomis Sayles & Co. L P raised its holdings in SEI Investments by 1.4% in the 2nd quarter. Loomis Sayles & Co. L P now owns 8,841,249 shares of the asset manager’s stock valued at $794,475,000 after acquiring an additional 121,198 shares during the last quarter. Bank of America Corp DE raised its holdings in SEI Investments by 4.4% in the 2nd quarter. Bank of America Corp DE now owns 3,160,636 shares of the asset manager’s stock valued at $284,015,000 after acquiring an additional 133,057 shares during the last quarter. Geode Capital Management LLC lifted its stake in SEI Investments by 3.9% in the 4th quarter. Geode Capital Management LLC now owns 2,894,317 shares of the asset manager’s stock worth $237,421,000 after purchasing an additional 109,974 shares in the last quarter. Finally, Lord Abbett & CO. LLC boosted its holdings in shares of SEI Investments by 19.2% during the 4th quarter. Lord Abbett & CO. LLC now owns 1,917,370 shares of the asset manager’s stock worth $157,263,000 after purchasing an additional 308,988 shares during the last quarter. Institutional investors and hedge funds own 70.59% of the company’s stock.

SEI Investments Company Profile

SEI Investments Company is a global provider of asset management, investment processing, and investment operations solutions. The firm offers a range of services designed to help financial institutions, private banks, wealth managers and family offices streamline back-office functions and enhance front-office capabilities. SEI’s technology platforms support various stages of the investment lifecycle, including trade execution, performance reporting, risk analytics and client communications.

The company’s core offerings include outsourced fund administration, custody and trust services, managed account solutions, and wealth management technology.