Treasurer of the State of North Carolina Lowers Stock Position in SEI Investments (NASDAQ:SEIC)

Treasurer of the State of North Carolina lessened its stake in shares of SEI Investments (NASDAQ:SEICFree Report) by 0.3% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 45,974 shares of the asset manager’s stock after selling 154 shares during the quarter. Treasurer of the State of North Carolina’s holdings in SEI Investments were worth $2,922,000 as of its most recent SEC filing.

Other hedge funds also recently bought and sold shares of the company. VisionPoint Advisory Group LLC boosted its stake in SEI Investments by 67.1% during the third quarter. VisionPoint Advisory Group LLC now owns 513 shares of the asset manager’s stock worth $31,000 after buying an additional 206 shares during the period. Evolution Advisers Inc. purchased a new position in shares of SEI Investments in the fourth quarter valued at approximately $55,000. Principal Securities Inc. purchased a new position in shares of SEI Investments in the fourth quarter valued at approximately $66,000. GAMMA Investing LLC purchased a new position in shares of SEI Investments in the fourth quarter valued at approximately $78,000. Finally, Sachetta LLC purchased a new position in shares of SEI Investments in the fourth quarter valued at approximately $89,000. Hedge funds and other institutional investors own 70.59% of the company’s stock.

Analyst Ratings Changes

SEIC has been the subject of several recent research reports. Piper Sandler lowered 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. StockNews.com raised shares of SEI Investments from a “hold” rating to a “buy” rating in a research note on Saturday, March 2nd. Oppenheimer raised 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 reiterated a “market perform” rating and issued a $74.00 price target (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 assigned a hold rating and two have assigned a buy rating to the stock. According to MarketBeat, SEI Investments has an average rating of “Hold” and a consensus price target of $71.00.

Get Our Latest Stock Report on SEI Investments

Insider Transactions at SEI Investments

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

SEI Investments Stock Down 0.2 %

Shares of SEI Investments stock opened at $66.81 on Thursday. SEI Investments has a 52-week low of $52.19 and a 52-week high of $72.54. The company has a 50 day moving average of $68.15 and a 200 day moving average of $65.76. The company has a market capitalization of $8.78 billion, a P/E ratio of 18.25, a P/E/G ratio of 1.35 and a beta of 1.02.

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

SEI Investments Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, June 18th. Stockholders of record on Monday, June 10th will be given a dividend of $0.46 per share. This represents a $1.84 annualized dividend and a dividend yield of 2.75%. The ex-dividend date of this dividend is Monday, June 10th. This is an increase from SEI Investments’s previous quarterly dividend of $0.40. SEI Investments’s payout ratio is currently 25.14%.

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.

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

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