SEI Investments (NASDAQ:SEIC) Shares Acquired by TD Asset Management Inc

TD Asset Management Inc increased its stake in shares of SEI Investments (NASDAQ:SEICFree Report) by 0.1% in the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 186,842 shares of the asset manager’s stock after purchasing an additional 226 shares during the period. TD Asset Management Inc owned 0.14% of SEI Investments worth $11,874,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds have also recently modified their holdings of the company. VisionPoint Advisory Group LLC raised its position in shares of SEI Investments by 67.1% during the 3rd quarter. VisionPoint Advisory Group LLC now owns 513 shares of the asset manager’s stock worth $31,000 after purchasing an additional 206 shares during the last quarter. Evolution Advisers Inc. acquired a new position in shares of SEI Investments during the 4th quarter worth about $55,000. Principal Securities Inc. acquired a new position in shares of SEI Investments during the 4th quarter worth about $66,000. GAMMA Investing LLC acquired a new position in shares of SEI Investments during the 4th quarter worth about $78,000. Finally, Sachetta LLC acquired a new position in shares of SEI Investments during the 4th quarter worth about $89,000. Institutional investors and hedge funds own 70.59% of the company’s stock.

SEI Investments Price Performance

SEI Investments stock opened at $67.55 on Tuesday. The firm has a 50 day simple moving average of $68.22 and a 200-day simple moving average of $65.69. SEI Investments has a 1-year low of $52.19 and a 1-year high of $72.54. The stock has a market cap of $8.88 billion, a price-to-earnings ratio of 18.46, a price-to-earnings-growth ratio of 1.37 and a beta of 1.02.

SEI Investments (NASDAQ:SEICGet Free Report) last posted its quarterly earnings results on Wednesday, April 24th. The asset manager reported $0.99 earnings per share for the quarter, beating the consensus estimate of $0.98 by $0.01. SEI Investments had a net margin of 24.80% and a return on equity of 22.91%. The business had revenue of $511.58 million during the quarter, compared to analysts’ expectations of $510.41 million. During the same quarter in the prior year, the company posted $0.79 EPS. The business’s revenue for the quarter was up 9.1% on a year-over-year basis. Equities analysts expect that SEI Investments will post 4.13 earnings per share for the current fiscal year.

SEI Investments Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Tuesday, June 18th. Stockholders of record on Monday, June 10th will be paid a $0.46 dividend. This is a boost from SEI Investments’s previous quarterly dividend of $0.40. The ex-dividend date is Monday, June 10th. This represents a $1.84 annualized dividend and a dividend yield of 2.72%. SEI Investments’s dividend payout ratio is 25.14%.

Insider Activity

In other news, EVP Paul Klauder sold 2,000 shares of the stock in a transaction that occurred on Friday, March 8th. The shares were sold at an average price of $69.80, for a total value of $139,600.00. Following the completion of the sale, the executive vice president now owns 20,752 shares of the company’s stock, valued at approximately $1,448,489.60. The transaction was disclosed in a filing with the SEC, which is accessible through this link. In other news, Chairman Alfred P. West, Jr. sold 19,363 shares of the company’s stock in a transaction that occurred on Thursday, March 28th. The shares were sold at an average price of $72.14, for a total value of $1,396,846.82. Following the transaction, the chairman now directly owns 7,865,471 shares in the company, valued at approximately $567,415,077.94. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, EVP Paul Klauder sold 2,000 shares of the company’s stock in a transaction that occurred on Friday, March 8th. The stock was sold at an average price of $69.80, for a total transaction of $139,600.00. Following the completion of the transaction, the executive vice president now owns 20,752 shares in the company, valued at $1,448,489.60. The disclosure for this sale can be found here. Insiders sold a total of 289,363 shares of company stock valued at $20,220,667 in the last 90 days. Company insiders own 14.30% of the company’s stock.

Wall Street Analysts Forecast Growth

Several research firms recently weighed in on SEIC. StockNews.com upgraded shares of SEI Investments from a “hold” rating to a “buy” rating in a research report on Saturday, March 2nd. Piper Sandler dropped their price objective on shares of SEI Investments from $72.00 to $69.00 and set a “neutral” rating for the company in a research note on Thursday, April 25th. Oppenheimer upped their price objective on shares of SEI Investments from $77.00 to $80.00 and gave the company an “outperform” rating in a research note on Tuesday, April 9th. Finally, Keefe, Bruyette & Woods reaffirmed a “market perform” rating and set a $74.00 price objective (up previously from $72.00) on shares of SEI Investments in a research note on Thursday, April 25th. One research analyst has rated the stock with a sell rating, two have given a hold rating and two have assigned a buy rating to the company. Based on data from MarketBeat.com, SEI Investments has a consensus rating of “Hold” and an average target price of $71.00.

Read Our Latest Stock Analysis on SEIC

SEI Investments Profile

(Free Report)

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.

Further Reading

Want to see what other hedge funds are holding SEIC? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for SEI Investments (NASDAQ:SEICFree Report).

Institutional Ownership by Quarter for SEI Investments (NASDAQ:SEIC)

Receive News & Ratings for SEI Investments Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for SEI Investments and related companies with MarketBeat.com's FREE daily email newsletter.