SEI Investments (NASDAQ:SEIC) Stock Position Boosted by Hahn Capital Management LLC

Hahn Capital Management LLC boosted its position in SEI Investments (NASDAQ:SEIC - Free Report) by 46.0% during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 126,910 shares of the asset manager's stock after buying an additional 39,991 shares during the period. SEI Investments makes up approximately 4.6% of Hahn Capital Management LLC's investment portfolio, making the stock its 8th largest holding. Hahn Capital Management LLC owned 0.10% of SEI Investments worth $10,468,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently bought and sold shares of SEIC. Proficio Capital Partners LLC purchased a new stake in shares of SEI Investments in the 4th quarter valued at $993,000. New York Life Investment Management LLC purchased a new stake in SEI Investments in the fourth quarter valued at $863,000. Advisor OS LLC acquired a new stake in SEI Investments during the 4th quarter worth about $421,000. Los Angeles Capital Management LLC acquired a new stake in SEI Investments during the 4th quarter worth about $26,702,000. Finally, Amalgamated Bank raised its stake in shares of SEI Investments by 1.2% during the 4th quarter. Amalgamated Bank now owns 49,067 shares of the asset manager's stock valued at $4,047,000 after buying an additional 587 shares during the last quarter. Institutional investors and hedge funds 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 the firm's stock in a transaction that occurred on 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 transaction, the chairman now directly owns 7,232,922 shares of the company's stock, valued at $616,461,942.06. This trade represents a 0.71 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Over the last three months, insiders have sold 171,194 shares of company stock valued at $14,579,872. Corporate insiders own 14.30% of the company's stock.

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SEI Investments Price Performance

SEIC stock traded down $1.00 during trading on Monday, hitting $79.05. The stock had a trading volume of 908,367 shares, compared to its average volume of 595,217. SEI Investments has a twelve month low of $62.38 and a twelve month high of $87.25. The company's 50-day moving average price is $82.83 and its two-hundred day moving average price is $77.25. The stock has a market capitalization of $10.04 billion, a P/E ratio of 17.88, a PEG ratio of 1.41 and a beta of 0.98.

SEI Investments (NASDAQ:SEIC - Get Free Report) last issued its quarterly 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, sell-side analysts expect that SEI Investments will post 4.86 EPS for the current fiscal year.

SEI Investments Increases Dividend

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

Analyst Upgrades and Downgrades

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