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

Ghe LLC grew its stake in SEI Investments (NASDAQ:SEIC) by 2.0% in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 9,126 shares of the asset manager’s stock after buying an additional 183 shares during the period. Ghe LLC’s holdings in SEI Investments were worth $753,000 at the end of the most recent reporting period.

Several other large investors have also modified their holdings of SEIC. FMR LLC boosted its holdings in shares of SEI Investments by 249.7% in the 3rd quarter. FMR LLC now owns 885,113 shares of the asset manager’s stock valued at $61,241,000 after buying an additional 632,024 shares in the last quarter. Geode Capital Management LLC boosted its stake in SEI Investments by 13.5% during the 3rd quarter. Geode Capital Management LLC now owns 2,520,430 shares of the asset manager’s stock worth $174,092,000 after purchasing an additional 300,704 shares during the period. Portman Square Capital LLP boosted its stake in SEI Investments by 113.1% during the 4th quarter. Portman Square Capital LLP now owns 17,408 shares of the asset manager’s stock worth $1,436,000 after purchasing an additional 149,840 shares during the period. UMB Bank n.a. acquired a new stake in SEI Investments during the 4th quarter worth $9,096,000. Finally, Verition Fund Management LLC boosted its stake in SEI Investments by 2,766.3% during the 3rd quarter. Verition Fund Management LLC now owns 111,098 shares of the asset manager’s stock worth $7,687,000 after purchasing an additional 107,222 shares during the period. Institutional investors and hedge funds own 70.59% of the company’s stock.

Analyst Upgrades and Downgrades

A number of analysts recently weighed in on the stock. Oppenheimer increased their price target on shares of SEI Investments from $85.00 to $94.00 and gave the stock an “outperform” rating in a research note on Tuesday, January 7th. Raymond James upgraded shares of SEI Investments from a “market perform” rating to an “outperform” rating and set a $99.00 price target for the company in a research note on Thursday, January 30th. Piper Sandler raised their target price on shares of SEI Investments from $77.00 to $87.00 and gave the stock a “neutral” rating in a research note on Monday, December 23rd. 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. Finally, Morgan Stanley raised their target price on shares of SEI Investments from $75.00 to $80.00 and gave the stock an “underweight” rating in a research note on Friday, January 3rd. One equities research analyst has rated the stock with a sell rating, two have issued a hold rating and three have given a buy rating to the stock. According to MarketBeat, SEI Investments currently has an average rating of “Hold” and an average target price of $90.00.

SEI Investments Trading Down 2.4 %

SEIC stock opened at $80.25 on Monday. The company has a market cap of $10.34 billion, a P/E ratio of 18.16, a P/E/G ratio of 1.41 and a beta of 0.98. SEI Investments has a 52 week low of $62.38 and a 52 week high of $87.25. The company’s 50-day moving average price is $83.17 and its 200 day moving average price is $76.74.

SEI Investments (NASDAQ:SEIC) last released its quarterly earnings data 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 net margin of 27.35% and a return on equity of 25.51%. On average, equities research analysts expect 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. Investors of record on Friday, December 27th were paid a $0.49 dividend. This is an increase from SEI Investments’s previous semi-annual dividend of $0.46. This represents a yield of 1.1%. The ex-dividend date of this dividend was Friday, December 27th. SEI Investments’s dividend payout ratio (DPR) is presently 22.17%.

Insider Activity at SEI Investments

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

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.