Hsbc Holdings PLC Has $14.89 Million Stock Holdings in SEI Investments Company $SEIC

Hsbc Holdings PLC raised its position in SEI Investments Company (NASDAQ:SEIC) by 185.4% during the 4th quarter, according to its most recent filing with the SEC. The institutional investor owned 180,716 shares of the asset manager’s stock after acquiring an additional 117,400 shares during the period. Hsbc Holdings PLC’s holdings in SEI Investments were worth $14,895,000 as of its most recent filing with the SEC.

A number of other large investors have also recently bought and sold shares of SEIC. Allworth Financial LP grew its stake in shares of SEI Investments by 44.0% during the 3rd quarter. Allworth Financial LP now owns 432 shares of the asset manager’s stock worth $37,000 after acquiring an additional 132 shares in the last quarter. Commerce Bank lifted its position in shares of SEI Investments by 1.3% in the fourth quarter. Commerce Bank now owns 10,060 shares of the asset manager’s stock worth $825,000 after purchasing an additional 133 shares in the last quarter. Focus Partners Advisor Solutions LLC lifted its position in shares of SEI Investments by 1.2% in the fourth quarter. Focus Partners Advisor Solutions LLC now owns 11,957 shares of the asset manager’s stock worth $981,000 after purchasing an additional 141 shares in the last quarter. Farther Finance Advisors LLC boosted its holdings in SEI Investments by 10.4% during the fourth quarter. Farther Finance Advisors LLC now owns 1,704 shares of the asset manager’s stock worth $140,000 after purchasing an additional 161 shares during the last quarter. Finally, GAMMA Investing LLC boosted its holdings in SEI Investments by 2.3% during the fourth quarter. GAMMA Investing LLC now owns 7,260 shares of the asset manager’s stock worth $595,000 after purchasing an additional 164 shares during the last quarter. Institutional investors and hedge funds own 70.59% of the company’s stock.

Insider Activity

In other SEI Investments news, insider Sanjay Sharma sold 25,000 shares of the company’s stock in a transaction that occurred on Thursday, April 23rd. The stock was sold at an average price of $90.12, for a total value of $2,253,000.00. Following the sale, the insider owned 39,829 shares in the company, valued at $3,589,389.48. This represents a 38.56% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, Director Kathryn Mccarthy sold 10,000 shares of the firm’s stock in a transaction that occurred on Monday, May 4th. The shares were sold at an average price of $91.07, for a total value of $910,700.00. Following the completion of the sale, the director directly owned 77,883 shares of the company’s stock, valued at approximately $7,092,804.81. The trade was a 11.38% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Over the last quarter, insiders have sold 54,000 shares of company stock valued at $4,905,640. Company insiders own 4.80% of the company’s stock.

SEI Investments Price Performance

Shares of SEIC opened at $87.93 on Friday. The company has a market cap of $10.58 billion, a price-to-earnings ratio of 15.01 and a beta of 0.97. SEI Investments Company has a 1-year low of $75.08 and a 1-year high of $93.96. The company’s fifty day simple moving average is $88.97 and its 200 day simple moving average is $84.48. 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 (NASDAQ:SEIC) last posted its quarterly earnings results on Wednesday, April 22nd. The asset manager reported $1.44 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.29 by $0.15. The firm had revenue of $622.18 million for the quarter, compared to analyst estimates of $641.82 million. SEI Investments had a net margin of 31.17% and a return on equity of 30.70%. The company’s quarterly revenue was up 12.9% compared to the same quarter last year. During the same period in the prior year, the firm posted $1.17 earnings per share. On average, research analysts forecast that SEI Investments Company will post 5.89 earnings per share for the current fiscal year.

SEI Investments Announces Dividend

The company also recently announced a dividend, which was paid on Tuesday, June 16th. Stockholders of record on Monday, June 8th were issued a $0.52 dividend. This represents a dividend yield of 118.0%. The ex-dividend date of this dividend was Monday, June 8th. SEI Investments’s dividend payout ratio is presently 17.75%.

Analyst Ratings Changes

Several equities research analysts have issued reports on SEIC shares. Piper Sandler reiterated an “overweight” rating and issued a $105.00 price target (up from $99.00) on shares of SEI Investments in a research note on Thursday, April 23rd. Raymond James Financial restated an “outperform” rating and set a $82.00 price objective on shares of SEI Investments in a research note on Wednesday, April 29th. 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. Weiss Ratings reaffirmed a “buy (b)” rating on shares of SEI Investments in a research report on Tuesday, April 21st. Finally, Keefe, Bruyette & Woods upped their target price on SEI Investments from $95.00 to $107.00 and gave the stock an “outperform” rating in a report on Thursday, April 23rd. Seven equities research analysts have rated the stock with a Buy rating and one has given a Hold rating to the company’s stock. According to MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $103.00.

About SEI Investments

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.