SEI Investments (NASDAQ:SEIC) Chairman Alfred P. West, Jr. Sells 72,842 Shares

SEI Investments (NASDAQ:SEIC - Get Free Report) Chairman Alfred P. West, Jr. sold 72,842 shares of SEI Investments stock in a transaction that occurred on Monday, March 3rd. The shares were sold at an average price of $79.45, for a total transaction of $5,787,296.90. Following the completion of the sale, the chairman now owns 7,160,080 shares of the company's stock, valued at $568,868,356. This trade represents a 1.01 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website.

SEI Investments Price Performance

Shares of SEI Investments stock traded down $0.21 during trading on Friday, hitting $75.77. 812,584 shares of the stock were exchanged, compared to its average volume of 623,886. The stock has a market cap of $9.62 billion, a price-to-earnings ratio of 17.14, a price-to-earnings-growth ratio of 1.41 and a beta of 0.94. The firm's 50-day moving average price is $82.11 and its 200 day moving average price is $77.60. SEI Investments has a 12-month low of $62.38 and a 12-month high of $87.25.

SEI Investments (NASDAQ:SEIC - Get Free Report) last announced its quarterly 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 net margin of 27.35% and a return on equity of 25.51%. As a group, research analysts forecast that SEI Investments will post 4.86 earnings per share for the current year.

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SEI Investments Increases Dividend

The firm also recently announced a semi-annual dividend, which was paid on Wednesday, January 8th. Stockholders of record on Friday, December 27th were issued a $0.49 dividend. This represents a dividend yield of 1.1%. 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. SEI Investments's dividend payout ratio is presently 22.17%.

Institutional Investors Weigh In On SEI Investments

A number of institutional investors and hedge funds have recently made changes to their positions in the business. Siemens Fonds Invest GmbH purchased a new stake in shares of SEI Investments in the fourth quarter valued at about $435,000. GHE LLC increased its stake in shares of SEI Investments by 2.0% during the fourth quarter. GHE LLC now owns 9,126 shares of the asset manager's stock worth $753,000 after acquiring an additional 183 shares during the period. Universal Beteiligungs und Servicegesellschaft mbH acquired a new position in shares of SEI Investments during the fourth quarter worth about $5,917,000. Ascent Group LLC increased its stake in shares of SEI Investments by 4.3% during the fourth quarter. Ascent Group LLC now owns 20,865 shares of the asset manager's stock worth $1,721,000 after acquiring an additional 851 shares during the period. Finally, Investment Management Corp VA ADV acquired a new position in shares of SEI Investments during the fourth quarter worth about $642,000. 70.59% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

Several research firms recently weighed in on SEIC. Oppenheimer lifted their target price 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. Keefe, Bruyette & Woods restated a "market perform" rating and issued a $90.00 price target (up previously from $86.00) on shares of SEI Investments in a research note on Thursday, January 30th. Raymond James upgraded shares of SEI Investments from a "market perform" rating to an "outperform" rating and set a $99.00 price target for the company in a research note on Thursday, January 30th. Piper Sandler boosted their price target on shares of SEI Investments from $77.00 to $87.00 and gave the stock a "neutral" rating in a research note on Monday, December 23rd. Finally, 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. One equities research analyst has rated the stock with a sell rating, two have given a hold rating and two have given a buy rating to the company's stock. According to MarketBeat.com, the company currently has a consensus rating of "Hold" and an average target price 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.