SEI Investments (SEIC) to Release Earnings on Wednesday

SEI Investments (NASDAQ:SEIC - Get Free Report) is anticipated to post its quarterly earnings results after the market closes on Wednesday, January 29th. Analysts expect SEI Investments to post earnings of $1.21 per share and revenue of $556,165.80 billion for the quarter. Persons interested in registering for the company's earnings conference call can do so using this link.

SEI Investments Trading Down 1.7 %

SEIC traded down $1.43 during trading on Monday, hitting $83.45. The company's stock had a trading volume of 571,454 shares, compared to its average volume of 540,235. The firm has a market capitalization of $10.76 billion, a price-to-earnings ratio of 20.16, a P/E/G ratio of 1.44 and a beta of 0.98. SEI Investments has a twelve month low of $62.38 and a twelve month high of $87.25. The business's fifty day simple moving average is $82.78 and its 200 day simple moving average is $74.42.

SEI Investments declared that its Board of Directors has authorized a share repurchase plan on Tuesday, October 22nd that permits the company to repurchase $400.00 million in outstanding shares. This repurchase authorization permits the asset manager to reacquire up to 4.3% of its stock through open market purchases. Stock repurchase plans are often a sign that the company's board believes its stock is undervalued.

SEI Investments Increases Dividend

The business also recently disclosed a semi-annual dividend, which was paid on Wednesday, January 8th. Shareholders of record on Friday, December 27th were issued a dividend of $0.49 per share. This represents a yield of 1.1%. This is an increase from SEI Investments's previous semi-annual dividend of $0.46. The ex-dividend date was Friday, December 27th. SEI Investments's dividend payout ratio (DPR) is presently 23.67%.

Wall Street Analyst Weigh In

A number of equities research analysts have recently commented on the stock. Keefe, Bruyette & Woods increased their target price on shares of SEI Investments from $76.00 to $86.00 and gave the company a "market perform" rating in a research report on Friday, December 20th. Piper Sandler increased their price objective on shares of SEI Investments from $77.00 to $87.00 and gave the company a "neutral" rating in a report on Monday, December 23rd. Morgan Stanley upped their price objective on shares of SEI Investments from $75.00 to $80.00 and gave the company an "underweight" rating in a report on Friday, January 3rd. Finally, Oppenheimer lifted their target price on shares of SEI Investments from $85.00 to $94.00 and gave the stock an "outperform" rating in a research note on Tuesday, January 7th. One equities research analyst has rated the stock with a sell rating, two have issued a hold rating and two have issued a buy rating to the company. Based on data from MarketBeat.com, the company presently has a consensus rating of "Hold" and a consensus price target of $86.75.

Insider Buying and Selling

In other news, Chairman Alfred P. West, Jr. sold 94,158 shares of the stock in a transaction on Friday, December 13th. The stock was sold at an average price of $85.73, for a total value of $8,072,165.34. Following the sale, the chairman now directly owns 7,284,964 shares in the company, valued at approximately $624,539,963.72. This trade represents a 1.28 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, EVP Michael Peterson sold 10,000 shares of SEI Investments stock in a transaction on Wednesday, November 6th. The shares were sold at an average price of $79.14, for a total value 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 disclosure for this sale can be found here. In the last quarter, insiders sold 186,194 shares of company stock valued at $15,769,472. Company insiders own 14.30% of the company's stock.

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.