Candriam S.C.A. Buys New Shares in SEI Investments (NASDAQ:SEIC)

Candriam S.C.A. acquired a new position in SEI Investments (NASDAQ:SEIC - Free Report) in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor acquired 39,962 shares of the asset manager's stock, valued at approximately $3,296,000.

A number of other institutional investors have also added to or reduced their stakes in SEIC. FMR LLC grew its position in SEI Investments by 249.7% in the 3rd quarter. FMR LLC now owns 885,113 shares of the asset manager's stock worth $61,241,000 after purchasing an additional 632,024 shares in the last quarter. Raymond James Financial Inc. bought a new stake in SEI Investments in the 4th quarter worth about $42,548,000. Los Angeles Capital Management LLC bought a new stake in SEI Investments in the 4th quarter worth about $26,702,000. Geode Capital Management LLC grew its position in SEI Investments by 13.5% in 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 in the last quarter. Finally, Portman Square Capital LLP grew its position in SEI Investments by 113.1% in 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 in the last quarter. 70.59% of the stock is owned by institutional investors.

SEI Investments Trading Down 0.3 %

Shares of SEIC stock traded down $0.21 during trading on Friday, reaching $75.77. 812,584 shares of the company's stock traded hands, compared to its average volume of 623,886. The company has a market capitalization of $9.62 billion, a P/E ratio of 17.14, a PEG ratio of 1.41 and a beta of 0.94. The firm's 50-day moving average is $82.11 and its 200 day moving average is $77.60. SEI Investments has a 1 year low of $62.38 and a 1 year high of $87.25.

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SEI Investments (NASDAQ:SEIC - Get Free Report) last announced its quarterly earnings results on Wednesday, January 29th. The asset manager reported $1.19 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, sell-side analysts predict that SEI Investments will post 4.86 earnings per share for the current fiscal year.

SEI Investments Increases Dividend

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

Wall Street Analyst Weigh In

SEIC has been the subject of a number of recent analyst reports. Raymond James raised shares of SEI Investments from a "market perform" rating to an "outperform" rating and set a $99.00 price objective for the company in a research report on Thursday, January 30th. Morgan Stanley increased their target price on shares of SEI Investments from $75.00 to $80.00 and gave the company an "underweight" rating in a research report on Friday, January 3rd. Keefe, Bruyette & Woods reissued a "market perform" rating and set a $90.00 target price (up from $86.00) on shares of SEI Investments in a research report on Thursday, January 30th. Piper Sandler increased their target price on shares of SEI Investments from $77.00 to $87.00 and gave the company a "neutral" rating in a research report on Monday, December 23rd. Finally, Oppenheimer increased their target price on shares of SEI Investments from $85.00 to $94.00 and gave the company an "outperform" rating in a research report on Tuesday, January 7th. One research analyst has rated the stock with a sell rating, two have assigned a hold rating and two have given a buy rating to the stock. Based on data from MarketBeat, SEI Investments presently has a consensus rating of "Hold" and a consensus price target of $90.00.

Insiders Place Their Bets

In other SEI Investments news, Chairman Alfred P. West, Jr. sold 1,372 shares of the stock in a transaction that occurred on Wednesday, March 5th. The shares were sold at an average price of $76.28, for a total value of $104,656.16. Following the sale, the chairman now directly owns 7,078,708 shares in the company, valued at $539,963,846.24. This represents a 0.02 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, insider Mark Andrew Warner sold 5,000 shares of the stock in a transaction that occurred on Monday, March 3rd. The stock was sold at an average price of $80.39, for a total transaction of $401,950.00. Following the completion of the sale, the insider now owns 1,300 shares in the company, valued at $104,507. This represents a 79.37 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 225,414 shares of company stock worth $18,801,608 in the last three months. 14.30% of the stock is currently owned by corporate insiders.

SEI Investments Profile

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.