Natixis Advisors LLC Decreases Holdings in SEI Investments Company $SEIC

Natixis Advisors LLC trimmed its holdings in shares of SEI Investments Company (NASDAQ:SEIC) by 7.9% during the fourth quarter, HoldingsChannel reports. The firm owned 470,476 shares of the asset manager’s stock after selling 40,590 shares during the quarter. Natixis Advisors LLC’s holdings in SEI Investments were worth $38,588,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors also recently added to or reduced their stakes in SEIC. AXQ Capital LP bought a new stake in SEI Investments in the fourth quarter worth about $830,000. AdvisorShares Investments LLC grew its position in shares of SEI Investments by 7.2% during the 4th quarter. AdvisorShares Investments LLC now owns 5,871 shares of the asset manager’s stock valued at $482,000 after acquiring an additional 393 shares during the period. Impact Partnership Wealth LLC increased its stake in shares of SEI Investments by 22.4% during the 4th quarter. Impact Partnership Wealth LLC now owns 6,201 shares of the asset manager’s stock worth $509,000 after purchasing an additional 1,136 shares during the last quarter. Norges Bank bought a new stake in shares of SEI Investments in the 4th quarter worth approximately $53,548,000. Finally, Rothschild Investment LLC raised its holdings in shares of SEI Investments by 266.9% in the 4th quarter. Rothschild Investment LLC now owns 565 shares of the asset manager’s stock worth $46,000 after purchasing an additional 411 shares during the period. Institutional investors own 70.59% of the company’s stock.

SEI Investments Stock Down 0.9%

SEI Investments stock opened at $87.01 on Thursday. The firm has a 50 day simple moving average of $85.11 and a 200 day simple moving average of $83.43. The company has a current ratio of 4.52, a quick ratio of 4.40 and a debt-to-equity ratio of 0.07. SEI Investments Company has a 1-year low of $75.08 and a 1-year high of $93.96. The firm has a market capitalization of $10.46 billion, a price-to-earnings ratio of 14.85 and a beta of 0.97.

SEI Investments (NASDAQ:SEIC) last posted its quarterly earnings results on Wednesday, April 22nd. The asset manager reported $1.44 EPS for the quarter, topping analysts’ consensus estimates of $1.29 by $0.15. The firm had revenue of $622.18 million during the quarter, compared to analyst estimates of $641.82 million. SEI Investments had a return on equity of 30.70% and a net margin of 31.17%.The business’s revenue for the quarter was up 12.9% on a year-over-year basis. During the same period last year, the company earned $1.17 earnings per share. On average, analysts predict that SEI Investments Company will post 5.89 earnings per share for the current year.

SEI Investments Dividend Announcement

The business also recently announced a dividend, which will be paid on Tuesday, June 16th. Shareholders of record on Monday, June 8th will be issued a dividend of $0.52 per share. This represents a yield of 116.0%. The ex-dividend date of this dividend is Monday, June 8th. SEI Investments’s payout ratio is presently 17.75%.

Insider Activity

In other news, Chairman Alfred P. West, Jr. sold 7,447 shares of the stock in a transaction dated Wednesday, March 11th. The shares were sold at an average price of $79.26, for a total value of $590,249.22. Following the sale, the chairman directly owned 6,875,783 shares of the company’s stock, valued at approximately $544,974,560.58. This represents a 0.11% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, insider Sanjay Sharma sold 25,000 shares of the firm’s stock in a transaction that occurred on Thursday, April 23rd. The shares were sold at an average price of $90.12, for a total transaction of $2,253,000.00. Following the completion of the transaction, the insider owned 39,829 shares of the company’s stock, valued at $3,589,389.48. This trade represents a 38.56% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Over the last 90 days, insiders sold 116,447 shares of company stock valued at $9,908,539. 4.80% of the stock is currently owned by insiders.

Analysts Set New Price Targets

SEIC has been the subject of several research reports. UBS Group initiated coverage on SEI Investments in a report on Wednesday, February 4th. They set a “buy” rating and a $115.00 price objective for the company. Piper Sandler restated an “overweight” rating and issued a $105.00 target price (up from $99.00) on shares of SEI Investments in a research note on Thursday, April 23rd. Weiss Ratings reiterated a “buy (b)” rating on shares of SEI Investments in a research note on Tuesday, April 21st. Morgan Stanley decreased their price objective on SEI Investments from $119.00 to $108.00 and set an “overweight” rating for the company in a report on Thursday, April 2nd. Finally, Raymond James Financial restated an “outperform” rating and issued a $82.00 price objective on shares of SEI Investments in a research note on Wednesday, April 29th. Seven equities research analysts have rated the stock with a Buy rating and one has given a Hold rating to the stock. According to MarketBeat, SEI Investments has a consensus rating of “Moderate Buy” and a consensus price target of $103.00.

SEI Investments 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.