Robeco Institutional Asset Management B.V. Increases Stock Holdings in SEI Investments (NASDAQ:SEIC)

Robeco Institutional Asset Management B.V. increased its holdings in SEI Investments (NASDAQ:SEIC - Free Report) by 55.8% in the 4th quarter, according to its most recent 13F filing with the SEC. The firm owned 101,085 shares of the asset manager's stock after buying an additional 36,206 shares during the period. Robeco Institutional Asset Management B.V. owned about 0.08% of SEI Investments worth $8,337,000 as of its most recent filing with the SEC.

Other institutional investors also recently made changes to their positions in the company. First Horizon Advisors Inc. raised its holdings in shares of SEI Investments by 101.3% during 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 during the last quarter. Livforsakringsbolaget Skandia Omsesidigt boosted its position in SEI Investments by 925.9% during the 3rd quarter. Livforsakringsbolaget Skandia Omsesidigt now owns 554 shares of the asset manager's stock worth $38,000 after acquiring an additional 500 shares during the period. Point72 DIFC Ltd bought a new position in shares of SEI Investments in the third quarter worth $45,000. Northwestern Mutual Wealth Management Co. increased its holdings in shares of SEI Investments by 16.3% during the second 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 during the period. Finally, International Assets Investment Management LLC raised its stake in shares of SEI Investments by 6,818.9% during the third quarter. International Assets Investment Management LLC now owns 2,560 shares of the asset manager's stock valued at $177,000 after purchasing an additional 2,523 shares in the last quarter. 70.59% of the stock is owned by institutional investors.

SEI Investments Price Performance

SEIC stock traded up $0.16 during midday trading on Wednesday, reaching $86.30. The company had a trading volume of 492,270 shares, compared to its average volume of 588,225. SEI Investments has a 1-year low of $62.38 and a 1-year high of $87.25. The company has a market capitalization of $11.12 billion, a price-to-earnings ratio of 19.52, a price-to-earnings-growth ratio of 1.48 and a beta of 0.98. The stock has a 50 day moving average price of $83.40 and a 200-day moving average price of $75.24.

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%. As a group, research analysts anticipate that SEI Investments will post 4.86 earnings per share for the current year.

SEI Investments announced that its Board of Directors has authorized a share buyback program on Tuesday, October 22nd that allows the company to repurchase $400.00 million in shares. This repurchase authorization allows the asset manager to purchase up to 4.3% of its stock through open market purchases. Stock repurchase programs are often an indication that the company's board 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 dividend of $0.49 per share. The ex-dividend date was Friday, December 27th. This represents a yield of 1.1%. This is an increase from SEI Investments's previous semi-annual dividend of $0.46. SEI Investments's payout ratio is 22.17%.

Insiders Place Their Bets

In related news, Chairman Alfred P. West, Jr. sold 5,984 shares of the stock in a transaction 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 sale, the chairman now owns 7,371,522 shares in the company, valued at approximately $620,903,298.06. This trade represents a 0.08 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. In the last ninety days, insiders sold 171,194 shares of company stock valued at $14,579,872. Corporate insiders own 14.30% of the company's stock.

Wall Street Analysts Forecast Growth

Several equities analysts have recently issued reports on the company. Morgan Stanley lifted their price target on SEI Investments from $75.00 to $80.00 and gave the company an "underweight" rating in a research report on Friday, January 3rd. Keefe, Bruyette & Woods reiterated a "market perform" rating and issued a $90.00 target price (up previously from $86.00) on shares of SEI Investments in a research report on Thursday, January 30th. Oppenheimer increased 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. Raymond James raised SEI Investments from a "market perform" rating to an "outperform" rating and set a $99.00 price objective for the company in a research report on Thursday, January 30th. Finally, Piper Sandler raised their price target on shares of SEI Investments from $77.00 to $87.00 and gave the stock a "neutral" rating in a research report on Monday, December 23rd. One research analyst has rated the stock with a sell rating, two have assigned a hold rating and three have given a buy rating to the company's stock. According to data from MarketBeat.com, SEI Investments 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.