Proficio Capital Partners LLC Takes Position in SEI Investments (NASDAQ:SEIC)

Proficio Capital Partners LLC purchased a new position in shares of SEI Investments (NASDAQ:SEIC - Free Report) in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm purchased 12,042 shares of the asset manager's stock, valued at approximately $993,000.

A number of other large investors also recently modified their holdings of the business. Boston Trust Walden Corp raised its position in SEI Investments by 1.6% during the fourth quarter. Boston Trust Walden Corp now owns 1,306,329 shares of the asset manager's stock worth $107,746,000 after acquiring an additional 20,020 shares in the last quarter. Longboard Asset Management LP acquired a new position in shares of SEI Investments during the 4th quarter worth about $267,000. CHURCHILL MANAGEMENT Corp bought a new stake in shares of SEI Investments in the 4th quarter valued at about $1,818,000. Lecap Asset Management Ltd. acquired a new stake in SEI Investments in the 4th quarter valued at about $480,000. Finally, Bank of New York Mellon Corp grew its holdings in SEI Investments by 4.1% during the fourth quarter. Bank of New York Mellon Corp now owns 1,171,743 shares of the asset manager's stock worth $96,645,000 after purchasing an additional 46,425 shares during the period. 70.59% of the stock is currently owned by institutional investors and hedge funds.

Insider Transactions at SEI Investments

In related news, Chairman Alfred P. West, Jr. sold 1,372 shares of SEI Investments stock in a transaction that occurred on Wednesday, March 5th. The shares were sold at an average price of $76.28, for a total transaction of $104,656.16. Following the sale, the chairman now directly owns 7,078,708 shares in the company, valued at $539,963,846.24. This trade represents a 0.02 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, insider Mark Andrew Warner sold 5,000 shares of the business's stock in a transaction that occurred on Monday, March 3rd. The stock was sold at an average price of $80.39, for a total transaction of $401,950.00. Following the sale, the insider now directly owns 1,300 shares in the company, valued at $104,507. The trade was a 79.37 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 225,414 shares of company stock valued at $18,801,608. 14.30% of the stock is currently owned by company insiders.

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Wall Street Analysts Forecast Growth

SEIC has been the topic of several research analyst reports. Raymond James upgraded 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. Piper Sandler increased their price target on SEI Investments from $77.00 to $87.00 and gave the company a "neutral" rating in a research note on Monday, December 23rd. Keefe, Bruyette & Woods reaffirmed a "market perform" rating and set a $90.00 price target (up previously from $86.00) on shares of SEI Investments in a report on Thursday, January 30th. Oppenheimer upped their price objective on shares of SEI Investments from $85.00 to $94.00 and gave the company an "outperform" rating in a report on Tuesday, January 7th. Finally, Morgan Stanley raised their target price 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 equities research analyst has rated the stock with a sell rating, two have assigned a hold rating and two have given a buy rating to the stock. Based on data from MarketBeat.com, the stock currently has an average rating of "Hold" and a consensus price target of $90.00.

SEI Investments Price Performance

SEIC traded down $0.96 during trading on Monday, hitting $74.82. The stock had a trading volume of 30,701 shares, compared to its average volume of 593,474. The company has a 50 day moving average price of $82.11 and a 200-day moving average price of $77.60. SEI Investments has a one year low of $62.38 and a one year high of $87.25. The firm has a market cap of $9.50 billion, a price-to-earnings ratio of 16.94, a P/E/G ratio of 1.41 and a beta of 0.94.

SEI Investments (NASDAQ:SEIC - Get Free Report) last announced 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 net margin of 27.35% and a return on equity of 25.51%. As a group, sell-side analysts predict 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. Shareholders of record on Friday, December 27th were given a dividend of $0.49 per share. This represents a dividend yield of 1.1%. The ex-dividend date was Friday, December 27th. This is a positive change from SEI Investments's previous semi-annual dividend of $0.46. SEI Investments's dividend payout ratio is presently 22.17%.

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.