110,277 Shares in SEI Investments (NASDAQ:SEIC) Purchased by UMB Bank n.a.

UMB Bank n.a. acquired a new position in shares of SEI Investments (NASDAQ:SEIC - Free Report) during the 4th quarter, according to its most recent 13F filing with the SEC. The fund acquired 110,277 shares of the asset manager's stock, valued at approximately $9,096,000. UMB Bank n.a. owned about 0.09% of SEI Investments as of its most recent SEC filing.

Other institutional investors also recently made changes to their positions in the company. First Horizon Advisors Inc. grew 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 worth $32,000 after purchasing an additional 232 shares in the last quarter. Livforsakringsbolaget Skandia Omsesidigt lifted its holdings 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 buying an additional 500 shares during the last quarter. Point72 DIFC Ltd acquired a new position in shares of SEI Investments in the 3rd quarter worth approximately $45,000. Northwestern Mutual Wealth Management Co. increased its holdings in shares of SEI Investments by 16.3% in the 2nd quarter. Northwestern Mutual Wealth Management Co. now owns 1,197 shares of the asset manager's stock valued at $77,000 after acquiring an additional 168 shares during the last quarter. Finally, Quarry LP acquired a new stake in shares of SEI Investments during the 2nd quarter valued at approximately $136,000. 70.59% of the stock is owned by institutional investors and hedge funds.

Insider Buying and Selling at SEI Investments

In other SEI Investments news, Chairman Alfred P. West, Jr. sold 94,158 shares of the business's stock in a transaction dated 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 transaction, the chairman now owns 7,284,964 shares in the company, valued at $624,539,963.72. The trade was a 1.28 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Also, CEO Ryan Hicke sold 10,000 shares of the firm's stock in a transaction dated Friday, October 25th. The stock was sold at an average price of $74.90, for a total value of $749,000.00. Following the sale, the chief executive officer now directly owns 147,609 shares of the company's stock, valued at $11,055,914.10. This trade represents a 6.34 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 239,258 shares of company stock valued at $19,753,402 in the last 90 days. 14.30% of the stock is currently owned by corporate insiders.

Wall Street Analyst Weigh In

SEIC has been the subject of several research reports. Oppenheimer lifted their price target 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. Piper Sandler boosted their price objective on SEI Investments from $77.00 to $87.00 and gave the company a "neutral" rating in a research report on Monday, December 23rd. Keefe, Bruyette & Woods boosted their price target on shares of SEI Investments from $76.00 to $86.00 and gave the company a "market perform" rating in a report on Friday, December 20th. Finally, Morgan Stanley increased their price objective on shares of SEI Investments from $75.00 to $80.00 and gave the stock an "underweight" rating in a report on Friday, January 3rd. One research 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. According to MarketBeat, the company has a consensus rating of "Hold" and a consensus price target of $86.75.

SEI Investments Stock Up 0.6 %

SEIC traded up $0.52 during trading on Monday, reaching $83.48. The stock had a trading volume of 419,338 shares, compared to its average volume of 601,668. The stock has a 50 day moving average of $82.44 and a two-hundred day moving average of $73.76. SEI Investments has a 1-year low of $62.38 and a 1-year high of $87.25. The firm has a market capitalization of $10.76 billion, a price-to-earnings ratio of 20.16, a price-to-earnings-growth ratio of 1.34 and a beta of 0.98.

SEI Investments (NASDAQ:SEIC - Get Free Report) last released its quarterly earnings results on Wednesday, October 23rd. The asset manager reported $1.19 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $1.07 by $0.12. SEI Investments had a net margin of 26.60% and a return on equity of 24.29%. The business had revenue of $537.40 million for the quarter, compared to analyst estimates of $534.08 million. During the same quarter in the previous year, the business earned $0.87 earnings per share. The firm's revenue was up 12.7% compared to the same quarter last year. On average, research analysts forecast that SEI Investments will post 4.42 EPS for the current fiscal year.

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

SEI Investments Increases Dividend

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

About SEI Investments

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.