SEI Investments (NASDAQ:SEIC) Shares Purchased by Ghe LLC

Ghe LLC increased its holdings in shares of SEI Investments (NASDAQ:SEIC) by 2.0% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 9,126 shares of the asset manager’s stock after acquiring an additional 183 shares during the quarter. Ghe LLC’s holdings in SEI Investments were worth $753,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Allworth Financial LP boosted its holdings in SEI Investments by 53.7% in the 4th quarter. Allworth Financial LP now owns 452 shares of the asset manager’s stock valued at $38,000 after purchasing an additional 158 shares during the last quarter. First Horizon Advisors Inc. boosted its holdings in SEI Investments by 101.3% in the 3rd quarter. First Horizon Advisors Inc. now owns 461 shares of the asset manager’s stock valued at $32,000 after purchasing an additional 232 shares during the last quarter. Point72 DIFC Ltd acquired a new position in SEI Investments in the 3rd quarter valued at about $45,000. Principal Securities Inc. boosted its holdings in SEI Investments by 13.3% in the 4th quarter. Principal Securities Inc. now owns 1,324 shares of the asset manager’s stock valued at $109,000 after purchasing an additional 155 shares during the last quarter. Finally, Global Retirement Partners LLC boosted its holdings in SEI Investments by 13.2% in the 4th quarter. Global Retirement Partners LLC now owns 1,450 shares of the asset manager’s stock valued at $120,000 after purchasing an additional 169 shares during the last quarter. 70.59% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling at SEI Investments

In other SEI Investments news, Chairman Alfred P. West, Jr. sold 5,984 shares of the stock in a transaction that occurred on Friday, December 6th. The shares were sold at an average price of $84.23, for a total value of $504,032.32. Following the sale, the chairman now directly owns 7,371,522 shares of the company’s stock, valued at approximately $620,903,298.06. This represents a 0.08 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this link. In the last three months, insiders have sold 171,194 shares of company stock valued at $14,579,872. Insiders own 14.30% of the company’s stock.

SEI Investments Stock Down 2.4 %

Shares of SEIC opened at $80.25 on Monday. SEI Investments has a fifty-two week low of $62.38 and a fifty-two week high of $87.25. The firm’s 50 day moving average price is $83.17 and its 200 day moving average price is $76.74. The company has a market cap of $10.34 billion, a P/E ratio of 18.16, a PEG ratio of 1.41 and a beta of 0.98.

SEI Investments (NASDAQ:SEIC) last announced its earnings results on Wednesday, January 29th. The asset manager reported $1.19 earnings per share for the quarter, missing the consensus estimate of $1.21 by ($0.02). SEI Investments had a return on equity of 25.51% and a net margin of 27.35%. Research analysts forecast that SEI Investments will post 4.86 earnings per share for the current year.

SEI Investments Increases Dividend

The company also recently disclosed a semi-annual dividend, which was paid on Wednesday, January 8th. Shareholders of record on Friday, December 27th were given a $0.49 dividend. The ex-dividend date of this dividend was Friday, December 27th. This is an increase from SEI Investments’s previous semi-annual dividend of $0.46. This represents a dividend yield of 1.1%. SEI Investments’s dividend payout ratio is currently 22.17%.

Wall Street Analyst Weigh In

SEIC has been the topic of several recent analyst reports. Piper Sandler boosted their target price on shares of SEI Investments from $77.00 to $87.00 and gave the company a “neutral” rating in a report on Monday, December 23rd. Keefe, Bruyette & Woods restated a “market perform” rating and issued a $90.00 price objective (up from $86.00) on shares of SEI Investments in a report on Thursday, January 30th. Morgan Stanley upped their price objective on shares of SEI Investments from $75.00 to $80.00 and gave the stock an “underweight” rating in a report on Friday, January 3rd. Oppenheimer upped their price objective 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. Finally, Raymond James upgraded shares of SEI Investments from a “market perform” rating to an “outperform” rating and set a $99.00 price objective on the stock in a report on Thursday, January 30th. One analyst has rated the stock with a sell rating, two have given a hold rating and three have assigned a buy rating to the company’s stock. According to MarketBeat.com, SEI Investments presently has a consensus rating of “Hold” and an average target price of $90.00.

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.