SEI Investments (NASDAQ:SEIC) Given Average Rating of "Hold" by Analysts

Shares of SEI Investments (NASDAQ:SEIC - Get Free Report) have earned a consensus rating of "Hold" from the five analysts that are presently covering the company, MarketBeat.com reports. One analyst has rated the stock with a sell rating, two have issued a hold rating and two have assigned a buy rating to the company. The average 12-month target price among brokers that have issued ratings on the stock in the last year is $90.00.

Several research firms have weighed in on SEIC. Keefe, Bruyette & Woods reissued a "market perform" rating and issued a $90.00 price target (up from $86.00) on shares of SEI Investments in a report on Thursday. Oppenheimer increased their target price on shares of SEI Investments from $85.00 to $94.00 and gave the stock an "outperform" rating in a research report on Tuesday, January 7th. Morgan Stanley increased their target price on shares of SEI Investments from $75.00 to $80.00 and gave the stock an "underweight" rating in a research report on Friday, January 3rd. Raymond James upgraded shares of SEI Investments from a "market perform" rating to an "outperform" rating and set a $99.00 target price on the stock in a research report on Thursday. Finally, Piper Sandler increased their target price 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.

Insider Activity at SEI Investments

In other news, EVP Michael Peterson sold 10,000 shares of the firm's stock in a transaction on Wednesday, November 6th. The shares were sold at an average price of $79.14, for a total transaction of $791,400.00. Following the completion of the transaction, the executive vice president now owns 6,500 shares of the company's stock, valued at approximately $514,410. This trade represents a 60.61 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Chairman Alfred P. West, Jr. sold 19,010 shares of the firm's stock in a transaction on Wednesday, December 4th. The shares were sold at an average price of $82.49, for a total transaction of $1,568,134.90. Following the transaction, the chairman now directly owns 7,377,506 shares of the company's stock, valued at $608,570,469.94. The trade was a 0.26 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 186,194 shares of company stock valued at $15,769,472 in the last quarter. Insiders own 14.30% of the company's stock.

Hedge Funds Weigh In On SEI Investments

Large investors have recently modified their holdings of the business. First Horizon Advisors Inc. raised its stake 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 acquiring an additional 232 shares during the last quarter. Livforsakringsbolaget Skandia Omsesidigt raised its stake in SEI Investments by 925.9% during the third quarter. Livforsakringsbolaget Skandia Omsesidigt now owns 554 shares of the asset manager's stock worth $38,000 after buying an additional 500 shares during the last quarter. Allworth Financial LP raised its stake in SEI Investments by 53.7% during the fourth quarter. Allworth Financial LP now owns 452 shares of the asset manager's stock worth $38,000 after buying an additional 158 shares during the last quarter. Point72 DIFC Ltd bought a new position in SEI Investments during the third quarter worth $45,000. Finally, Northwestern Mutual Wealth Management Co. raised its stake in 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 worth $77,000 after buying an additional 168 shares during the last quarter. Institutional investors own 70.59% of the company's stock.

SEI Investments Stock Down 0.9 %

Shares of SEIC stock traded down $0.75 on Thursday, reaching $85.83. The stock had a trading volume of 374,345 shares, compared to its average volume of 584,953. The firm's 50-day moving average is $83.17 and its two-hundred day moving average is $74.89. The firm has a market capitalization of $11.06 billion, a price-to-earnings ratio of 19.35, a P/E/G ratio of 1.48 and a beta of 0.98. 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 released its quarterly earnings results on Wednesday, January 29th. The asset manager reported $1.19 earnings per share for the quarter, missing the consensus estimate of $1.21 by ($0.02). SEI Investments had a net margin of 27.35% and a return on equity of 25.51%. On average, sell-side analysts forecast that SEI Investments will post 4.86 earnings per share for the current fiscal year.

SEI Investments Increases Dividend

The business also recently disclosed a semi-annual dividend, which was paid on Wednesday, January 8th. Investors 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. 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 presently 22.17%.

SEI Investments declared that its Board of Directors has approved a stock buyback plan on Tuesday, October 22nd that authorizes the company to repurchase $400.00 million in shares. This repurchase authorization authorizes the asset manager to buy up to 4.3% of its shares through open market purchases. Shares repurchase plans are generally an indication that the company's board of directors believes its shares are undervalued.

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.