Van ECK Associates Corp Sells 35,280 Shares of SEI Investments (NASDAQ:SEIC)

Van ECK Associates Corp lowered its position in SEI Investments (NASDAQ:SEIC - Free Report) by 37.3% during the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 59,325 shares of the asset manager's stock after selling 35,280 shares during the quarter. Van ECK Associates Corp's holdings in SEI Investments were worth $4,893,000 at the end of the most recent quarter.

Several other institutional investors have also recently made changes to their positions in the company. First Horizon Advisors Inc. increased its stake in 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 during the last quarter. Point72 DIFC Ltd purchased a new stake in SEI Investments during the third quarter valued at about $45,000. Great Diamond Partners LLC purchased a new stake in shares of SEI Investments during the fourth quarter worth about $203,000. Tokio Marine Asset Management Co. Ltd. purchased a new stake in shares of SEI Investments during the fourth quarter worth about $205,000. Finally, Entropy Technologies LP purchased a new stake in shares of SEI Investments during the fourth quarter worth about $206,000. Institutional investors own 70.59% of the company's stock.

Wall Street Analyst Weigh In

SEIC has been the subject of a number of research reports. Morgan Stanley increased 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. Oppenheimer raised their price target on shares of SEI Investments from $85.00 to $94.00 and gave the company an "outperform" rating in a research report on Tuesday, January 7th. Piper Sandler raised their target price on shares of SEI Investments from $77.00 to $87.00 and gave the stock a "neutral" rating in a report on Monday, December 23rd. Keefe, Bruyette & Woods restated a "market perform" rating and issued a $90.00 target price (up previously from $86.00) on shares of SEI Investments in a report on Thursday, January 30th. Finally, Raymond James upgraded shares of SEI Investments from a "market perform" rating to an "outperform" rating and set a $99.00 price target on the stock in a research note on Thursday, January 30th. One analyst has rated the stock with a sell rating, two have issued a hold rating and three have assigned a buy rating to the company's stock. Based on data from MarketBeat, the stock presently has an average rating of "Hold" and a consensus target price of $90.00.

SEI Investments Stock Down 2.4 %

NASDAQ SEIC traded down $1.99 on Friday, reaching $80.25. The company had a trading volume of 488,466 shares, compared to its average volume of 549,468. The stock has a market capitalization of $10.35 billion, a PE ratio of 18.16, a price-to-earnings-growth ratio of 1.42 and a beta of 0.98. The firm's 50 day moving average price is $83.29 and its 200 day moving average price is $76.44. 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 (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%. On average, research analysts expect that SEI Investments will post 4.86 EPS for the current year.

SEI Investments Increases Dividend

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

Insider Buying and Selling

In other SEI Investments news, Chairman Alfred P. West, Jr. sold 52,042 shares of the business's stock in a transaction dated Monday, December 16th. The shares were sold at an average price of $85.23, for a total value of $4,435,539.66. Following the completion of the sale, the chairman now directly owns 7,232,922 shares of the company's stock, valued at $616,461,942.06. The trade was a 0.71 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. In the last ninety days, insiders sold 171,194 shares of company stock valued at $14,579,872. Company insiders own 14.30% of the company's stock.

SEI Investments 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.