5,823 Shares in SEI Investments (NASDAQ:SEIC) Purchased by Lecap Asset Management Ltd.

Lecap Asset Management Ltd. purchased a new stake in SEI Investments (NASDAQ:SEIC - Free Report) in the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm purchased 5,823 shares of the asset manager's stock, valued at approximately $480,000.

A number of other hedge funds and other institutional investors also recently modified their holdings of SEIC. Aurora Investment Counsel boosted its stake in SEI Investments by 0.6% in the third quarter. Aurora Investment Counsel now owns 25,162 shares of the asset manager's stock valued at $1,741,000 after buying an additional 144 shares in the last quarter. Northwestern Mutual Wealth Management Co. boosted its stake in shares of SEI Investments by 16.3% in the 2nd quarter. Northwestern Mutual Wealth Management Co. now owns 1,197 shares of the asset manager's stock valued at $77,000 after purchasing an additional 168 shares in the last quarter. Creative Planning increased its position in SEI Investments by 2.3% during the 3rd quarter. Creative Planning now owns 8,086 shares of the asset manager's stock worth $559,000 after purchasing an additional 182 shares in the last quarter. Procyon Advisors LLC lifted its stake in SEI Investments by 0.5% in the 4th quarter. Procyon Advisors LLC now owns 35,602 shares of the asset manager's stock valued at $2,936,000 after purchasing an additional 187 shares during the last quarter. Finally, First Horizon Advisors Inc. boosted its position in SEI Investments by 101.3% in the third quarter. First Horizon Advisors Inc. now owns 461 shares of the asset manager's stock valued at $32,000 after buying an additional 232 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 5,984 shares of the stock in a transaction that occurred on Friday, December 6th. The stock was sold at an average price of $84.23, for a total value of $504,032.32. Following the transaction, the chairman now owns 7,371,522 shares in the company, valued at approximately $620,903,298.06. This represents a 0.08 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Insiders have sold 171,194 shares of company stock valued at $14,579,872 in the last 90 days. 14.30% of the stock is currently owned by corporate insiders.

Wall Street Analysts Forecast Growth

A number of equities analysts have issued reports on the company. 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 report on Thursday, January 30th. Morgan Stanley boosted their target price 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. Oppenheimer raised their price target on shares of SEI Investments from $85.00 to $94.00 and gave the company an "outperform" rating in a research note on Tuesday, January 7th. Raymond James raised shares of SEI Investments from a "market perform" rating to an "outperform" rating and set a $99.00 price objective on the stock in a research note on Thursday, January 30th. Finally, Piper Sandler raised their target price on SEI Investments from $77.00 to $87.00 and gave the stock a "neutral" rating in a research report on Monday, December 23rd. One analyst has rated the stock with a sell rating, two have assigned a hold rating and three have issued a buy rating to the company's stock. Based on data from MarketBeat, the company currently has a consensus rating of "Hold" and a consensus target price of $90.00.

SEI Investments Stock Down 0.8 %

SEI Investments stock traded down $0.64 during trading hours on Wednesday, reaching $82.05. 465,019 shares of the company's stock were exchanged, compared to its average volume of 564,740. The firm has a market capitalization of $10.58 billion, a PE ratio of 18.56, a PEG ratio of 1.48 and a beta of 0.98. The firm's 50 day simple moving average is $83.60 and its 200 day simple moving average is $75.81. 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 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%. Analysts anticipate that SEI Investments will post 4.86 EPS for the current year.

SEI Investments announced that its Board of Directors has approved a share buyback plan on Tuesday, October 22nd that allows the company to buyback $400.00 million in shares. This buyback authorization allows the asset manager to reacquire up to 4.3% of its stock through open market purchases. Stock buyback plans are generally a sign that the company's management believes its stock is undervalued.

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 paid a $0.49 dividend. 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 of this dividend was Friday, December 27th. SEI Investments's payout ratio is 22.17%.

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.