Mirae Asset Global Investments Co. Ltd. Buys 1,391 Shares of SEI Investments (NASDAQ:SEIC)

Mirae Asset Global Investments Co. Ltd. increased its stake in shares of SEI Investments (NASDAQ:SEICFree Report) by 1.6% in the first quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 86,028 shares of the asset manager’s stock after acquiring an additional 1,391 shares during the quarter. Mirae Asset Global Investments Co. Ltd. owned about 0.07% of SEI Investments worth $6,185,000 at the end of the most recent quarter.

A number of other hedge funds also recently bought and sold shares of SEIC. VisionPoint Advisory Group LLC increased its stake in SEI Investments by 67.1% in the 3rd 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. TFO Wealth Partners LLC grew its holdings in SEI Investments by 6,277.8% during the 4th quarter. TFO Wealth Partners LLC now owns 574 shares of the asset manager’s stock worth $36,000 after acquiring an additional 565 shares in the last quarter. Evolution Advisers Inc. bought a new position in SEI Investments during the 4th quarter worth about $55,000. Neo Ivy Capital Management bought a new position in SEI Investments during the 4th quarter worth about $61,000. Finally, Principal Securities Inc. bought a new stake in shares of SEI Investments in the 4th quarter valued at about $66,000. Hedge funds and other institutional investors own 70.59% of the company’s stock.

Insider Buying and Selling

In other SEI Investments news, Director William Doran sold 5,000 shares of the company’s stock in a transaction that occurred on Monday, June 24th. The stock was sold at an average price of $67.04, for a total value of $335,200.00. Following the transaction, the director now directly owns 656,386 shares of the company’s stock, valued at approximately $44,004,117.44. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. In other news, Director William Doran sold 5,000 shares of the stock in a transaction on Monday, June 24th. The stock was sold at an average price of $67.04, for a total value of $335,200.00. Following the completion of the transaction, the director now owns 656,386 shares of the company’s stock, valued at $44,004,117.44. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Also, Chairman Alfred P. West, Jr. sold 48,000 shares of the company’s stock in a transaction on Monday, May 13th. The shares were sold at an average price of $68.09, for a total value of $3,268,320.00. Following the completion of the sale, the chairman now owns 7,677,471 shares of the company’s stock, valued at approximately $522,759,000.39. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 123,000 shares of company stock valued at $8,406,920. Corporate insiders own 14.30% of the company’s stock.

SEI Investments Stock Down 0.9 %

Shares of SEI Investments stock opened at $64.26 on Wednesday. The firm has a market capitalization of $8.44 billion, a P/E ratio of 17.56, a P/E/G ratio of 1.30 and a beta of 0.99. The firm’s 50 day moving average is $66.53 and its two-hundred day moving average is $66.63. SEI Investments has a 52 week low of $52.19 and a 52 week high of $72.54.

SEI Investments (NASDAQ:SEICGet Free Report) last released its quarterly earnings results on Wednesday, April 24th. The asset manager reported $0.99 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.98 by $0.01. The business had revenue of $511.58 million during the quarter, compared to the consensus estimate of $510.41 million. SEI Investments had a return on equity of 22.91% and a net margin of 24.80%. The business’s revenue was up 9.1% on a year-over-year basis. During the same quarter in the previous year, the company posted $0.79 EPS. As a group, research analysts expect that SEI Investments will post 4.15 earnings per share for the current fiscal year.

SEI Investments Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Tuesday, June 18th. Investors of record on Monday, June 10th were given a dividend of $0.46 per share. The ex-dividend date of this dividend was Monday, June 10th. This is a positive change from SEI Investments’s previous quarterly dividend of $0.40. This represents a $1.84 annualized dividend and a yield of 2.86%. SEI Investments’s payout ratio is 25.14%.

Wall Street Analyst Weigh In

A number of analysts have recently weighed in on the stock. Oppenheimer raised their price target on shares of SEI Investments from $77.00 to $80.00 and gave the company an “outperform” rating in a report on Tuesday, April 9th. Piper Sandler decreased their target price 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. Finally, Keefe, Bruyette & Woods reiterated a “market perform” rating and issued a $74.00 target price (up from $72.00) on shares of SEI Investments in a research note on Thursday, April 25th. One investment 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 data from MarketBeat, the company has an average rating of “Hold” and an average price target of $71.00.

Check Out Our Latest Stock Analysis on SEI Investments

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.

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

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