Haven Private LLC Invests $508,000 in SEI Investments (NASDAQ:SEIC)

Haven Private LLC bought a new position in SEI Investments (NASDAQ:SEIC - Free Report) during the fourth quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor bought 6,161 shares of the asset manager's stock, valued at approximately $508,000.

Other large investors also recently modified their holdings of the company. FMR LLC increased its holdings in 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 buying an additional 632,024 shares during the last quarter. Raymond James Financial Inc. bought a new stake in shares of SEI Investments during the 4th quarter worth $42,548,000. Los Angeles Capital Management LLC purchased a new position in SEI Investments in the fourth quarter worth $26,702,000. Geode Capital Management LLC increased 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 valued at $174,092,000 after acquiring an additional 300,704 shares during the last quarter. Finally, Portman Square Capital LLP raised its position in SEI Investments by 113.1% during the fourth quarter. Portman Square Capital LLP now owns 17,408 shares of the asset manager's stock valued at $1,436,000 after purchasing an additional 149,840 shares in the last quarter. Institutional investors own 70.59% of the company's stock.

SEI Investments Stock Performance

Shares of SEI Investments stock traded down $0.33 during midday trading on Tuesday, reaching $74.14. 867,291 shares of the company's stock traded hands, compared to its average volume of 597,674. SEI Investments has a 12 month low of $62.38 and a 12 month high of $87.25. The company has a market cap of $9.41 billion, a PE ratio of 16.77, a price-to-earnings-growth ratio of 1.41 and a beta of 0.94. The stock has a 50 day moving average of $81.94 and a 200-day moving average of $77.65.

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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 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%. On average, equities analysts anticipate that SEI Investments will post 4.86 earnings per share for the current fiscal year.

SEI Investments Increases Dividend

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

Insider Transactions at SEI Investments

In related news, Chairman Alfred P. West, Jr. sold 52,042 shares of the company's stock in a transaction that occurred on Monday, December 16th. The stock was 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 approximately $616,461,942.06. This represents a 0.71 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, insider Mark Andrew Warner sold 5,000 shares of SEI Investments stock in a transaction on Monday, March 3rd. The stock was sold at an average price of $80.39, for a total value of $401,950.00. Following the completion of the sale, the insider now directly owns 1,300 shares of the company's stock, valued at approximately $104,507. The trade was a 79.37 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 225,414 shares of company stock valued at $18,801,608 in the last ninety days. 14.30% of the stock is currently owned by corporate insiders.

Analyst Ratings Changes

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

SEI Investments Company 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.