SEI Investments (NASDAQ:SEIC) Insider Sells $401,950.00 in Stock

SEI Investments (NASDAQ:SEIC - Get Free Report) insider Mark Andrew Warner sold 5,000 shares of the company's stock in a transaction dated Monday, March 3rd. The shares were sold at an average price of $80.39, for a total transaction of $401,950.00. Following the completion of the sale, the insider now owns 1,300 shares in the company, valued at approximately $104,507. This trade represents a 79.37 % decrease in their position. The sale was disclosed in a filing with the SEC, which is available at the SEC website.

SEI Investments Stock Down 0.3 %

NASDAQ SEIC traded down $0.21 on Friday, hitting $75.77. The stock had a trading volume of 812,584 shares, compared to its average volume of 623,886. SEI Investments has a one year low of $62.38 and a one year high of $87.25. The stock has a market cap of $9.62 billion, a price-to-earnings ratio of 17.14, a P/E/G ratio of 1.41 and a beta of 0.94. The company's 50-day moving average is $82.26 and its two-hundred day moving average is $77.39.

SEI Investments (NASDAQ:SEIC - Get Free Report) last posted its earnings results on Wednesday, January 29th. The asset manager reported $1.19 EPS for the quarter, missing the consensus estimate 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, sell-side analysts anticipate that SEI Investments will post 4.86 earnings per share for the current year.

Remove Ads

SEI Investments Increases Dividend

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

Wall Street Analyst Weigh In

A number of equities research analysts have recently issued reports on SEIC shares. Piper Sandler upped their target price 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. Raymond James upgraded 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. Keefe, Bruyette & Woods reiterated a "market perform" rating and set a $90.00 price objective (up previously from $86.00) on shares of SEI Investments in a research note on Thursday, January 30th. Oppenheimer increased their price objective on shares of SEI Investments from $85.00 to $94.00 and gave the stock an "outperform" rating in a research note on Tuesday, January 7th. Finally, Morgan Stanley increased their price objective 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. One research analyst has rated the stock with a sell rating, two have issued a hold rating and two have assigned a buy rating to the stock. Based on data from MarketBeat, SEI Investments has an average rating of "Hold" and an average price target of $90.00.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently bought and sold shares of the company. CoreFirst Bank & Trust bought a new position in SEI Investments in the 4th quarter worth about $31,000. First Horizon Advisors Inc. boosted its holdings in shares of 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 acquiring an additional 232 shares in the last quarter. Allworth Financial LP boosted its holdings in shares of SEI Investments by 53.7% in the fourth quarter. Allworth Financial LP now owns 452 shares of the asset manager's stock valued at $38,000 after acquiring an additional 158 shares in the last quarter. Point72 DIFC Ltd bought a new position in shares of SEI Investments in the third quarter valued at approximately $45,000. Finally, Rialto Wealth Management LLC bought a new position in shares of SEI Investments in the fourth quarter valued at approximately $55,000. Institutional investors own 70.59% of the company's stock.

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.