Advisor OS LLC Takes Position in SEI Investments (NASDAQ:SEIC)

Advisor OS LLC bought a new position in SEI Investments (NASDAQ:SEIC - Free Report) during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor bought 5,103 shares of the asset manager's stock, valued at approximately $421,000.

Several other large investors have also made changes to their positions in SEIC. Creative Planning increased its holdings in SEI Investments by 2.3% during the 3rd quarter. Creative Planning now owns 8,086 shares of the asset manager's stock valued at $559,000 after purchasing an additional 182 shares in the last quarter. Allspring Global Investments Holdings LLC raised its holdings in shares of SEI Investments by 13.3% in the third quarter. Allspring Global Investments Holdings LLC now owns 4,368 shares of the asset manager's stock valued at $302,000 after buying an additional 513 shares during the last quarter. Private Advisor Group LLC lifted its position in SEI Investments by 9.4% during the 3rd quarter. Private Advisor Group LLC now owns 3,550 shares of the asset manager's stock worth $246,000 after buying an additional 306 shares in the last quarter. International Assets Investment Management LLC grew its holdings in SEI Investments by 6,818.9% during the 3rd quarter. International Assets Investment Management LLC now owns 2,560 shares of the asset manager's stock worth $177,000 after acquiring an additional 2,523 shares during the last quarter. Finally, First Trust Direct Indexing L.P. grew its holdings in SEI Investments by 21.3% during the 3rd quarter. First Trust Direct Indexing L.P. now owns 6,639 shares of the asset manager's stock worth $459,000 after acquiring an additional 1,165 shares during the last quarter. Institutional investors own 70.59% of the company's stock.

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SEI Investments Price Performance

Shares of SEI Investments stock traded down $1.00 during trading on Monday, hitting $79.05. 908,367 shares of the company were exchanged, compared to its average volume of 594,542. The firm has a market capitalization of $10.04 billion, a P/E ratio of 17.88, a price-to-earnings-growth ratio of 1.41 and a beta of 0.98. The firm's fifty day moving average price is $82.83 and its 200 day moving average price is $77.25. SEI Investments has a 1-year low of $62.38 and a 1-year high of $87.25.

SEI Investments (NASDAQ:SEIC - Get Free Report) 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 net margin of 27.35% and a return on equity of 25.51%. As a group, equities research analysts anticipate that SEI Investments will post 4.86 earnings per share for the current year.

SEI Investments Increases Dividend

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

Insider Buying and Selling at SEI Investments

In other news, Chairman Alfred P. West, Jr. sold 94,158 shares of SEI Investments stock in a transaction dated Friday, December 13th. The stock was sold at an average price of $85.73, for a total transaction of $8,072,165.34. Following the transaction, the chairman now owns 7,284,964 shares in the company, valued at $624,539,963.72. The trade was a 1.28 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Over the last ninety days, insiders sold 171,194 shares of company stock valued at $14,579,872. Company insiders own 14.30% of the company's stock.

Analyst Upgrades and Downgrades

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

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.