US Bancorp DE Acquires 235 Shares of SEI Investments (NASDAQ:SEIC)

US Bancorp DE grew its position in shares of SEI Investments (NASDAQ:SEIC) by 0.6% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 36,509 shares of the asset manager’s stock after buying an additional 235 shares during the period. US Bancorp DE’s holdings in SEI Investments were worth $3,011,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds also recently made changes to their positions in the company. Fisher Asset Management LLC grew its stake in shares of SEI Investments by 4.2% during the 4th quarter. Fisher Asset Management LLC now owns 7,949 shares of the asset manager’s stock worth $656,000 after acquiring an additional 322 shares during the period. Hahn Capital Management LLC grew its stake in shares of SEI Investments by 46.0% during the 4th quarter. Hahn Capital Management LLC now owns 126,910 shares of the asset manager’s stock worth $10,468,000 after acquiring an additional 39,991 shares during the period. Proficio Capital Partners LLC bought a new position in shares of SEI Investments during the 4th quarter worth $993,000. New York Life Investment Management LLC bought a new position in shares of SEI Investments during the 4th quarter worth $863,000. Finally, Advisor OS LLC bought a new position in shares of SEI Investments during the 4th quarter worth $421,000. Institutional investors own 70.59% of the company’s stock.

Wall Street Analysts Forecast Growth

Several research analysts have recently weighed in on the company. Morgan Stanley increased their price target on SEI Investments from $75.00 to $80.00 and gave the stock an “underweight” rating in a research note on Friday, January 3rd. Keefe, Bruyette & Woods restated a “market perform” rating and issued a $90.00 target price (up previously from $86.00) on shares of SEI Investments in a research note on Thursday, January 30th. Piper Sandler raised 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. Raymond James upgraded SEI Investments from a “market perform” rating to an “outperform” rating and set a $99.00 target price for the company in a research note on Thursday, January 30th. Finally, Oppenheimer raised their target price on SEI Investments from $85.00 to $94.00 and gave the stock an “outperform” rating in a research note on Tuesday, January 7th. One equities research analyst has rated the stock with a sell rating, two have issued a hold rating and two have given a buy rating to the stock. According to data from MarketBeat, SEI Investments has an average rating of “Hold” and a consensus target price of $90.00.

SEI Investments Trading Down 1.2 %

Shares of SEIC opened at $75.98 on Friday. The company has a market cap of $9.65 billion, a PE ratio of 17.19, a price-to-earnings-growth ratio of 1.41 and a beta of 0.98. The stock has a 50-day moving average price of $82.43 and a 200-day moving average price of $77.40. SEI Investments has a 12-month low of $62.38 and a 12-month high of $87.25.

SEI Investments (NASDAQ:SEIC) last issued its quarterly 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%. As a group, analysts predict that SEI Investments will post 4.86 earnings per share for the current year.

SEI Investments Increases Dividend

The firm also recently declared a semi-annual dividend, which was paid on Wednesday, January 8th. Stockholders of record on Friday, December 27th were given a dividend of $0.49 per share. This represents a dividend yield of 1.1%. The ex-dividend date was Friday, December 27th. This is an increase from SEI Investments’s previous semi-annual dividend of $0.46. SEI Investments’s dividend payout ratio (DPR) is 22.17%.

Insider Activity

In other news, Chairman Alfred P. West, Jr. sold 52,042 shares of SEI Investments stock in a transaction dated 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 completion of the sale, the chairman now owns 7,232,922 shares in the company, valued at approximately $616,461,942.06. This trade represents a 0.71 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, insider Mark Andrew Warner sold 5,000 shares of the firm’s stock in a transaction dated Monday, March 3rd. The shares were sold at an average price of $80.39, for a total value of $401,950.00. Following the transaction, the insider now directly owns 1,300 shares in the company, valued at approximately $104,507. This represents a 79.37 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last 90 days, insiders sold 224,042 shares of company stock worth $18,696,952. 14.30% of the stock is currently owned by insiders.

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.