Crestwood Advisors Group LLC Has $4.14 Million Stock Holdings in SEI Investments Company $SEIC

Crestwood Advisors Group LLC reduced its stake in shares of SEI Investments Company (NASDAQ:SEIC) by 75.7% during the 3rd quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 48,797 shares of the asset manager’s stock after selling 152,396 shares during the quarter. Crestwood Advisors Group LLC’s holdings in SEI Investments were worth $4,140,000 as of its most recent SEC filing.

Other hedge funds also recently modified their holdings of the company. Arizona State Retirement System grew its stake in SEI Investments by 0.4% during the third quarter. Arizona State Retirement System now owns 31,307 shares of the asset manager’s stock worth $2,656,000 after buying an additional 129 shares in the last quarter. Ethic Inc. lifted its holdings in shares of SEI Investments by 3.0% during the 2nd quarter. Ethic Inc. now owns 4,503 shares of the asset manager’s stock worth $403,000 after acquiring an additional 133 shares during the period. Johnson Investment Counsel Inc. boosted its position in shares of SEI Investments by 0.5% during the 3rd quarter. Johnson Investment Counsel Inc. now owns 29,852 shares of the asset manager’s stock worth $2,533,000 after acquiring an additional 153 shares in the last quarter. WealthCollab LLC increased its stake in SEI Investments by 33.7% in the second quarter. WealthCollab LLC now owns 766 shares of the asset manager’s stock valued at $69,000 after acquiring an additional 193 shares during the last quarter. Finally, Geneos Wealth Management Inc. raised its position in SEI Investments by 60.2% during the first quarter. Geneos Wealth Management Inc. now owns 532 shares of the asset manager’s stock valued at $41,000 after purchasing an additional 200 shares in the last quarter. Institutional investors own 70.59% of the company’s stock.

Insider Buying and Selling at SEI Investments

In related news, CEO Ryan Hicke sold 80,000 shares of SEI Investments stock in a transaction that occurred on 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 directly owned 197,164 shares of the company’s stock, valued at $17,224,247.04. The trade was a 28.86% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, 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 that occurred on Wednesday, December 3rd. The shares were sold at an average price of $80.87, for a total value of $2,003,149.90. Following the completion of the sale, the chairman owned 6,942,812 shares in the company, valued at $561,465,206.44. The trade was a 0.36% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. 14.30% of the stock is owned by company insiders.

Wall Street Analyst Weigh In

Several equities analysts have recently issued reports on the company. Zacks Research lowered SEI Investments from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, November 11th. Piper Sandler lifted their target price on SEI Investments from $102.00 to $109.00 and gave the company an “overweight” rating in a research report on Thursday, January 29th. Keefe, Bruyette & Woods boosted their target price on SEI Investments from $97.00 to $102.00 and gave the stock an “outperform” rating in a research note on Thursday, January 8th. Raymond James Financial restated an “outperform” rating and issued a $117.00 price target on shares of SEI Investments in a research note on Monday, January 5th. Finally, UBS Group assumed coverage on shares of SEI Investments in a research report on Wednesday, February 4th. They set a “buy” rating and a $115.00 price objective for the company. Seven equities research analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the company. According to data from MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus price target of $110.17.

SEI Investments Stock Performance

SEI Investments stock opened at $79.02 on Wednesday. The business has a 50 day moving average of $84.41 and a 200-day moving average of $84.42. The company has a market capitalization of $9.68 billion, a P/E ratio of 14.04 and a beta of 0.95. SEI Investments Company has a 1 year low of $64.66 and a 1 year 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.

SEI Investments (NASDAQ:SEIC) last posted its earnings results on Wednesday, January 28th. The asset manager reported $1.30 EPS for the quarter, missing the consensus estimate of $1.34 by ($0.04). SEI Investments had a return on equity of 30.26% and a net margin of 31.14%.The business had revenue of $607.93 million for the quarter, compared to analyst estimates of $596.97 million. During the same quarter in the prior year, the business earned $1.19 earnings per share. The firm’s quarterly revenue was up 9.1% on a year-over-year basis. On average, equities research analysts predict that SEI Investments Company will post 4.86 earnings per share for the current year.

SEI Investments announced that its board has authorized a stock buyback program on Friday, October 24th that permits the company to buyback $650.00 million in shares. This buyback authorization permits the asset manager to repurchase up to 6.4% of its stock through open market purchases. Stock buyback programs are usually an indication that the company’s leadership believes its stock is undervalued.

SEI Investments Announces Dividend

The business also recently disclosed a dividend, which was paid on Monday, January 12th. Investors of record on Monday, December 29th were issued a $0.52 dividend. This represents a yield of 124.0%. The ex-dividend date was Monday, December 29th. SEI Investments’s dividend payout ratio is presently 18.47%.

About SEI Investments

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.