Andra AP fonden Trims Position in SEI Investments (NASDAQ:SEIC)

Andra AP fonden lowered its position in SEI Investments (NASDAQ:SEIC - Free Report) by 49.7% during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 78,400 shares of the asset manager's stock after selling 77,400 shares during the quarter. Andra AP fonden owned about 0.06% of SEI Investments worth $6,466,000 at the end of the most recent reporting period.

Other institutional investors have also recently made changes to their positions in the company. Geode Capital Management LLC lifted its stake in SEI Investments by 13.5% in the third 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 last quarter. Boston Trust Walden Corp grew its stake in SEI Investments by 1.6% in the 4th quarter. Boston Trust Walden Corp now owns 1,306,329 shares of the asset manager's stock worth $107,746,000 after acquiring an additional 20,020 shares in the last quarter. Bank of New York Mellon Corp increased its position in shares of SEI Investments by 4.1% during the fourth quarter. Bank of New York Mellon Corp now owns 1,171,743 shares of the asset manager's stock worth $96,645,000 after acquiring an additional 46,425 shares during the period. FMR LLC raised its stake in shares of SEI Investments by 249.7% during the third quarter. FMR LLC now owns 885,113 shares of the asset manager's stock valued at $61,241,000 after acquiring an additional 632,024 shares in the last quarter. Finally, Charles Schwab Investment Management Inc. grew its stake in SEI Investments by 0.6% in the fourth quarter. Charles Schwab Investment Management Inc. now owns 668,333 shares of the asset manager's stock worth $55,124,000 after purchasing an additional 3,967 shares in the last quarter. Institutional investors own 70.59% of the company's stock.

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SEI Investments Trading Down 0.5 %

Shares of NASDAQ SEIC traded down $0.34 during midday trading on Wednesday, reaching $73.80. The company had a trading volume of 720,953 shares, compared to its average volume of 598,922. SEI Investments has a 1 year low of $62.38 and a 1 year high of $87.25. The business's 50-day simple moving average is $81.78 and its 200 day simple moving average is $77.69. The stock has a market cap of $9.37 billion, a P/E ratio of 16.70, a P/E/G ratio of 1.41 and a beta of 0.94.

SEI Investments (NASDAQ:SEIC - Get Free Report) last issued its earnings results 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%. Analysts predict that SEI Investments will post 4.86 earnings per share for the current year.

SEI Investments Increases Dividend

The business also recently declared a semi-annual dividend, which was paid on Wednesday, January 8th. Shareholders of record on Friday, December 27th were given a dividend of $0.49 per share. 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 was Friday, December 27th. SEI Investments's dividend payout ratio (DPR) is currently 22.17%.

Insider Buying and Selling at SEI Investments

In other SEI Investments news, Chairman Alfred P. West, Jr. sold 94,158 shares of the company's stock in a transaction dated Friday, December 13th. The shares were sold at an average price of $85.73, for a total value of $8,072,165.34. Following the completion of the transaction, the chairman now owns 7,284,964 shares in the company, valued at approximately $624,539,963.72. This represents a 1.28 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Also, insider Mark Andrew Warner sold 5,000 shares of the stock in a transaction dated Monday, March 3rd. The stock was sold at an average price of $80.39, for a total transaction of $401,950.00. Following the sale, the insider now directly owns 1,300 shares in the company, valued at approximately $104,507. The trade was a 79.37 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last quarter, insiders sold 225,414 shares of company stock worth $18,801,608. Insiders own 14.30% of the company's stock.

Wall Street Analyst Weigh In

A number of equities research analysts have weighed in on the company. Piper Sandler lifted their target price on SEI Investments from $77.00 to $87.00 and gave the company a "neutral" rating in a research report on Monday, December 23rd. Oppenheimer increased their target price 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. 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 research report on Friday, January 3rd. Keefe, Bruyette & Woods restated a "market perform" rating and set a $90.00 target price (up previously from $86.00) on shares of SEI Investments in a report on Thursday, January 30th. Finally, Raymond James upgraded SEI Investments from a "market perform" rating to an "outperform" rating and set a $99.00 price target on the stock in a report on Thursday, January 30th. One analyst has rated the stock with a sell rating, two have issued a hold rating and two have issued a buy rating to the company's stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of "Hold" and a consensus 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.