SEI Investments (NASDAQ:SEIC) Chairman Alfred P. West, Jr. Sells 72,842 Shares

SEI Investments (NASDAQ:SEIC) Chairman Alfred P. West, Jr. sold 72,842 shares of the stock in a transaction that occurred on Monday, March 3rd. The shares were sold at an average price of $79.45, for a total transaction of $5,787,296.90. Following the completion of the transaction, the chairman now directly owns 7,160,080 shares of the company’s stock, valued at approximately $568,868,356. The trade was a 1.01 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink.

SEI Investments Trading Up 0.9 %

Shares of SEIC opened at $76.93 on Thursday. The stock’s 50-day moving average price is $82.58 and its two-hundred day moving average price is $77.40. SEI Investments has a 12 month low of $62.38 and a 12 month high of $87.25. The company has a market capitalization of $9.77 billion, a PE ratio of 17.40, a PEG ratio of 1.41 and a beta of 0.98.

SEI Investments (NASDAQ:SEIC) last issued its quarterly earnings data 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 return on equity of 25.51% and a net margin of 27.35%. Equities research analysts predict that SEI Investments will post 4.86 EPS for the current fiscal year.

SEI Investments Increases Dividend

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

Analysts Set New Price Targets

Several research analysts have recently issued reports on the stock. Morgan Stanley upped their price target 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 target price on SEI Investments from $85.00 to $94.00 and gave the stock an “outperform” rating in a report on Tuesday, January 7th. Keefe, Bruyette & Woods reissued a “market perform” rating and set a $90.00 price target (up from $86.00) on shares of SEI Investments in a research note on Thursday, January 30th. Raymond James raised SEI Investments from a “market perform” rating to an “outperform” rating and set a $99.00 price objective for the company in a research note on Thursday, January 30th. Finally, Piper Sandler raised their price objective 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. One analyst has rated the stock with a sell rating, two have assigned a hold rating and two have issued a buy rating to the stock. According to data from MarketBeat.com, SEI Investments currently has a consensus rating of “Hold” and a consensus target price of $90.00.

Institutional Investors Weigh In On SEI Investments

Several large investors have recently modified their holdings of the company. Siemens Fonds Invest GmbH bought a new stake in SEI Investments during the fourth quarter valued at $435,000. GHE LLC lifted its stake in shares of SEI Investments by 2.0% in the 4th quarter. GHE LLC now owns 9,126 shares of the asset manager’s stock valued at $753,000 after purchasing an additional 183 shares during the period. Universal Beteiligungs und Servicegesellschaft mbH acquired a new position in shares of SEI Investments in the 4th quarter valued at about $5,917,000. Ascent Group LLC boosted its position in shares of SEI Investments by 4.3% during the 4th quarter. Ascent Group LLC now owns 20,865 shares of the asset manager’s stock valued at $1,721,000 after purchasing an additional 851 shares in the last quarter. Finally, Investment Management Corp VA ADV acquired a new stake in SEI Investments during the fourth quarter worth approximately $642,000. 70.59% of the stock is currently owned by institutional investors and hedge funds.

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.