TFO Wealth Partners LLC Acquires 565 Shares of SEI Investments (NASDAQ:SEIC)

TFO Wealth Partners LLC lifted its holdings in SEI Investments (NASDAQ:SEICFree Report) by 6,277.8% in the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 574 shares of the asset manager’s stock after acquiring an additional 565 shares during the period. TFO Wealth Partners LLC’s holdings in SEI Investments were worth $36,000 at the end of the most recent reporting period.

A number of other hedge funds have also recently made changes to their positions in the business. Boston Trust Walden Corp boosted its stake in shares of SEI Investments by 1.9% in the fourth quarter. Boston Trust Walden Corp now owns 1,314,965 shares of the asset manager’s stock worth $83,566,000 after acquiring an additional 24,621 shares during the period. Northern Trust Corp boosted its stake in SEI Investments by 6.6% during the third quarter. Northern Trust Corp now owns 1,143,777 shares of the asset manager’s stock valued at $68,890,000 after buying an additional 70,937 shares during the last quarter. Invesco Ltd. boosted its stake in SEI Investments by 73.1% during the third quarter. Invesco Ltd. now owns 1,125,659 shares of the asset manager’s stock valued at $67,798,000 after buying an additional 475,226 shares during the last quarter. Brown Advisory Inc. boosted its stake in SEI Investments by 1.6% during the fourth quarter. Brown Advisory Inc. now owns 692,337 shares of the asset manager’s stock valued at $43,998,000 after buying an additional 10,700 shares during the last quarter. Finally, Charles Schwab Investment Management Inc. boosted its stake in SEI Investments by 1.9% during the fourth quarter. Charles Schwab Investment Management Inc. now owns 655,418 shares of the asset manager’s stock valued at $41,652,000 after buying an additional 12,453 shares during the last quarter. Institutional investors own 70.59% of the company’s stock.

Wall Street Analyst Weigh In

A number of brokerages recently commented on SEIC. Oppenheimer increased their price target on SEI Investments from $77.00 to $80.00 and gave the company an “outperform” rating in a research note on Tuesday, April 9th. Keefe, Bruyette & Woods reissued a “market perform” rating and set a $74.00 price target (up from $72.00) on shares of SEI Investments in a research note on Thursday, April 25th. Piper Sandler dropped their price target on SEI Investments from $72.00 to $69.00 and set a “neutral” rating for the company in a research note on Thursday, April 25th. Finally, StockNews.com raised SEI Investments from a “hold” rating to a “buy” rating in a research note on Saturday, March 2nd. 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. According to MarketBeat, the company has a consensus rating of “Hold” and an average price target of $71.00.

View Our Latest Stock Report on SEIC

Insider Transactions at SEI Investments

In other news, Chairman Alfred P. West, Jr. sold 19,363 shares of the stock in a transaction that occurred on Thursday, March 28th. The stock was sold at an average price of $72.14, for a total value of $1,396,846.82. Following the sale, the chairman now directly owns 7,865,471 shares in the company, valued at $567,415,077.94. The sale was disclosed in a document filed with the SEC, which is available at this link. In other SEI Investments news, Chairman Alfred P. West, Jr. sold 48,000 shares of the firm’s stock in a transaction on Monday, May 13th. The stock was sold at an average price of $68.09, for a total transaction of $3,268,320.00. Following the transaction, the chairman now directly owns 7,677,471 shares in the company, valued at approximately $522,759,000.39. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, Chairman Alfred P. West, Jr. sold 19,363 shares of the firm’s stock in a transaction on Thursday, March 28th. The stock was sold at an average price of $72.14, for a total value of $1,396,846.82. Following the transaction, the chairman now owns 7,865,471 shares in the company, valued at $567,415,077.94. The disclosure for this sale can be found here. Over the last three months, insiders have sold 287,363 shares of company stock worth $20,081,067. 14.30% of the stock is currently owned by company insiders.

SEI Investments Price Performance

NASDAQ:SEIC opened at $66.42 on Friday. The firm has a market capitalization of $8.73 billion, a price-to-earnings ratio of 18.15, a PEG ratio of 1.35 and a beta of 1.02. SEI Investments has a 1 year low of $52.19 and a 1 year high of $72.54. The business has a 50 day simple moving average of $67.94 and a 200-day simple moving average of $65.77.

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

SEI Investments Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, June 18th. Stockholders of record on Monday, June 10th will be issued a $0.46 dividend. This represents a $1.84 annualized dividend and a dividend yield of 2.77%. This is an increase from SEI Investments’s previous quarterly dividend of $0.40. The ex-dividend date of this dividend is Monday, June 10th. SEI Investments’s dividend payout ratio is presently 25.14%.

About SEI Investments

(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.

See Also

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

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