SEI Investments Company $SEIC Shares Sold by ABN Amro Investment Solutions

ABN Amro Investment Solutions reduced its position in shares of SEI Investments Company (NASDAQ:SEIC) by 40.4% in the third quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 64,295 shares of the asset manager’s stock after selling 43,555 shares during the quarter. ABN Amro Investment Solutions owned about 0.05% of SEI Investments worth $5,455,000 as of its most recent SEC filing.

Several other hedge funds also recently modified their holdings of the company. Root Financial Partners LLC bought a new position in SEI Investments during the third quarter valued at about $28,000. SJS Investment Consulting Inc. lifted its holdings in SEI Investments by 142.9% in the 3rd quarter. SJS Investment Consulting Inc. now owns 357 shares of the asset manager’s stock valued at $30,000 after acquiring an additional 210 shares during the last quarter. CoreFirst Bank & Trust acquired a new stake in SEI Investments in the 2nd quarter valued at about $34,000. Addison Advisors LLC boosted its position in shares of SEI Investments by 117.6% during the 2nd quarter. Addison Advisors LLC now owns 457 shares of the asset manager’s stock valued at $41,000 after purchasing an additional 247 shares in the last quarter. Finally, Geneos Wealth Management Inc. grew its stake in shares of SEI Investments by 60.2% in the 1st quarter. Geneos Wealth Management Inc. now owns 532 shares of the asset manager’s stock worth $41,000 after purchasing an additional 200 shares during the last quarter. 70.59% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Several research analysts have issued reports on the company. Morgan Stanley upped their price target on SEI Investments from $115.00 to $117.00 and gave the company an “overweight” rating in a report on Tuesday, January 6th. UBS Group started coverage on SEI Investments in a research report on Wednesday, February 4th. They set a “buy” rating and a $115.00 target price on the stock. Weiss Ratings reaffirmed a “buy (b)” rating on shares of SEI Investments in a report on Thursday, January 22nd. Piper Sandler lifted their price target on SEI Investments from $102.00 to $109.00 and gave the stock an “overweight” rating in a research note on Thursday, January 29th. Finally, Raymond James Financial reaffirmed an “outperform” rating and set a $117.00 price objective on shares of SEI Investments in a research note on Monday, January 5th. Seven analysts have rated the stock with a Buy rating and two have issued a Hold rating to the company’s stock. According to data from MarketBeat.com, SEI Investments currently has an average rating of “Moderate Buy” and a consensus price target of $110.17.

SEI Investments Trading Up 1.7%

NASDAQ:SEIC opened at $78.63 on Monday. The stock has a market cap of $9.63 billion, a PE ratio of 13.97 and a beta of 0.95. SEI Investments Company has a fifty-two week low of $64.66 and a fifty-two week high of $93.96. The company has a debt-to-equity ratio of 0.04, a current ratio of 3.29 and a quick ratio of 3.20. The stock’s 50-day moving average is $84.50 and its two-hundred day moving average is $84.54.

SEI Investments (NASDAQ:SEIC) last posted its quarterly earnings results on Wednesday, January 28th. The asset manager reported $1.30 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.34 by ($0.04). SEI Investments had a return on equity of 30.26% and a net margin of 31.14%.The company had revenue of $607.93 million during the quarter, compared to analysts’ expectations of $596.97 million. During the same period last year, the company earned $1.19 earnings per share. SEI Investments’s revenue for the quarter was up 9.1% compared to the same quarter last year. As a group, equities research analysts forecast that SEI Investments Company will post 4.86 earnings per share for the current fiscal year.

SEI Investments Dividend Announcement

The business also recently announced a dividend, which was paid on Monday, January 12th. Shareholders of record on Monday, December 29th were paid a dividend of $0.52 per share. The ex-dividend date of this dividend was Monday, December 29th. This represents a dividend yield of 124.0%. SEI Investments’s dividend payout ratio (DPR) is 18.47%.

SEI Investments declared that its board has approved a share repurchase program on Friday, October 24th that permits the company to repurchase $650.00 million in outstanding shares. This repurchase authorization permits the asset manager to buy up to 6.4% of its stock through open market purchases. Stock repurchase programs are usually a sign that the company’s board believes its stock is undervalued.

Insider Buying and Selling at SEI Investments

In other SEI Investments news, CEO Ryan Hicke sold 80,000 shares of the business’s stock in a transaction dated Thursday, January 29th. The stock was sold at an average price of $87.36, for a total value of $6,988,800.00. Following the transaction, the chief executive officer owned 197,164 shares in the company, valued at $17,224,247.04. The trade was a 28.86% 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, Chairman Alfred P. West, Jr. sold 24,770 shares of the company’s stock in a transaction dated Wednesday, December 3rd. The stock was sold at an average price of $80.87, for a total value of $2,003,149.90. Following the completion of the transaction, the chairman directly owned 6,942,812 shares in the company, valued at approximately $561,465,206.44. The trade was a 0.36% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders own 14.30% of the company’s stock.

SEI Investments Company Profile

SEI Investments Company is a global provider of asset management, investment processing, and investment operations solutions. The firm offers a range of services designed to help financial institutions, private banks, wealth managers and family offices streamline back-office functions and enhance front-office capabilities. SEI’s technology platforms support various stages of the investment lifecycle, including trade execution, performance reporting, risk analytics and client communications.

The company’s core offerings include outsourced fund administration, custody and trust services, managed account solutions, and wealth management technology.