Asset Management One Co. Ltd. Has $3.71 Million Stake in SEI Investments (NASDAQ:SEIC)

Asset Management One Co. Ltd. decreased its stake in shares of SEI Investments (NASDAQ:SEIC - Free Report) by 38.1% in the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 44,465 shares of the asset manager's stock after selling 27,377 shares during the period. Asset Management One Co. Ltd.'s holdings in SEI Investments were worth $3,707,000 at the end of the most recent quarter.

Several other large investors also recently made changes to their positions in SEIC. FMR LLC increased its position 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 worth $61,241,000 after acquiring an additional 632,024 shares in the last quarter. Geode Capital Management LLC increased its position in shares of SEI Investments by 13.5% during the third quarter. Geode Capital Management LLC now owns 2,520,430 shares of the asset manager's stock worth $174,092,000 after acquiring an additional 300,704 shares in the last quarter. Portman Square Capital LLP increased its position in shares of SEI Investments by 113.1% during the fourth quarter. Portman Square Capital LLP now owns 17,408 shares of the asset manager's stock worth $1,436,000 after acquiring an additional 149,840 shares in the last quarter. UMB Bank n.a. bought a new stake in shares of SEI Investments during the fourth quarter worth $9,096,000. Finally, Verition Fund Management LLC grew its position in SEI Investments by 2,766.3% in the third quarter. Verition Fund Management LLC now owns 111,098 shares of the asset manager's stock valued at $7,687,000 after purchasing an additional 107,222 shares in the last quarter. Institutional investors own 70.59% of the company's stock.

Insider Transactions at SEI Investments

In other SEI Investments news, Chairman Alfred P. West, Jr. sold 52,042 shares of SEI Investments stock in a transaction dated Monday, December 16th. The shares were sold at an average price of $85.23, for a total value of $4,435,539.66. Following the completion of the sale, the chairman now owns 7,232,922 shares in the company, valued at $616,461,942.06. The trade was a 0.71 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. In the last 90 days, insiders sold 171,194 shares of company stock worth $14,579,872. 14.30% of the stock is owned by insiders.

SEI Investments Stock Down 2.4 %

Shares of NASDAQ SEIC traded down $1.99 during mid-day trading on Friday, reaching $80.25. 488,468 shares of the company were exchanged, compared to its average volume of 540,700. The company's 50-day simple moving average is $83.17 and its 200-day simple moving average is $76.56. The stock has a market capitalization of $10.35 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 twelve month low of $62.38 and a twelve month high of $87.25.

SEI Investments (NASDAQ:SEIC - Get Free Report) last posted 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%. As a group, equities research analysts expect that SEI Investments will post 4.86 EPS for the current year.

SEI Investments Increases Dividend

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

Analyst Upgrades and Downgrades

A number of research analysts recently weighed in on SEIC shares. Morgan Stanley raised 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 reaffirmed a "market perform" rating and issued a $90.00 target price (up previously from $86.00) on shares of SEI Investments in a research report on Thursday, January 30th. 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 report on Thursday, January 30th. Oppenheimer raised 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. Finally, Piper Sandler increased their price target on shares of SEI Investments from $77.00 to $87.00 and gave the company a "neutral" rating in a research note on Monday, December 23rd. One analyst has rated the stock with a sell rating, two have given a hold rating and three have assigned a buy rating to the company's stock. According to data from MarketBeat.com, the company currently has a consensus rating of "Hold" and an average price target 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.