Elo Mutual Pension Insurance Co Boosts Stock Position in SEI Investments Company $SEIC

Elo Mutual Pension Insurance Co boosted its stake in shares of SEI Investments Company (NASDAQ:SEIC) by 119.5% in the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 28,892 shares of the asset manager’s stock after acquiring an additional 15,729 shares during the quarter. Elo Mutual Pension Insurance Co’s holdings in SEI Investments were worth $2,451,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors have also modified their holdings of the stock. Vanguard Group Inc. lifted its holdings in shares of SEI Investments by 0.3% during the third quarter. Vanguard Group Inc. now owns 11,260,591 shares of the asset manager’s stock worth $955,461,000 after purchasing an additional 30,970 shares during the period. Loomis Sayles & Co. L P raised its position in SEI Investments by 1.4% during the 2nd quarter. Loomis Sayles & Co. L P now owns 8,841,249 shares of the asset manager’s stock worth $794,475,000 after buying an additional 121,198 shares during the last quarter. Bank of America Corp DE raised its position in SEI Investments by 4.4% during the 2nd quarter. Bank of America Corp DE now owns 3,160,636 shares of the asset manager’s stock worth $284,015,000 after buying an additional 133,057 shares during the last quarter. First Trust Advisors LP lifted its stake in shares of SEI Investments by 9.1% in the 2nd quarter. First Trust Advisors LP now owns 1,727,334 shares of the asset manager’s stock worth $155,218,000 after acquiring an additional 144,789 shares during the period. Finally, Azora Capital LP boosted its holdings in shares of SEI Investments by 109.3% in the second quarter. Azora Capital LP now owns 777,952 shares of the asset manager’s stock valued at $69,907,000 after acquiring an additional 406,287 shares in the last quarter. Institutional investors and hedge funds own 70.59% of the company’s stock.

SEI Investments Stock Performance

NASDAQ SEIC opened at $81.81 on Thursday. The business has a 50 day moving average price of $83.89 and a 200 day moving average price of $83.94. The company has a market capitalization of $10.00 billion, a P/E ratio of 14.53 and a beta of 0.96. 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 earnings per share for the quarter, missing the consensus estimate of $1.34 by ($0.04). SEI Investments had a net margin of 31.14% and a return on equity of 30.26%. The firm had revenue of $607.93 million during the quarter, compared to analyst estimates of $596.97 million. During the same period last year, the company posted $1.19 EPS. The firm’s revenue for the quarter was up 9.1% on a year-over-year basis. Sell-side analysts expect that SEI Investments Company will post 4.86 EPS for the current fiscal year.

SEI Investments Announces Dividend

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

Insider Transactions at SEI Investments

In other SEI Investments news, insider Mark Andrew Warner sold 4,000 shares of SEI Investments stock in a transaction dated Wednesday, February 25th. The shares were sold at an average price of $81.74, for a total transaction of $326,960.00. Following the completion of the transaction, the insider owned 921 shares in the company, valued at approximately $75,282.54. The trade was a 81.28% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Also, CEO Ryan Hicke sold 80,000 shares of the stock in a transaction that occurred on Thursday, January 29th. The shares were sold at an average price of $87.36, for a total transaction of $6,988,800.00. Following the completion of the sale, the chief executive officer owned 197,164 shares in the company, valued at $17,224,247.04. This represents a 28.86% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders own 14.60% of the company’s stock.

Analyst Upgrades and Downgrades

SEIC has been the subject of a number of recent analyst reports. Keefe, Bruyette & Woods raised their price objective on shares of SEI Investments from $97.00 to $102.00 and gave the company an “outperform” rating in a research report on Thursday, January 8th. Weiss Ratings reissued a “buy (b)” rating on shares of SEI Investments in a research note on Thursday, January 22nd. Piper Sandler restated an “overweight” rating and issued a $106.00 price target on shares of SEI Investments in a research note on Friday, February 20th. UBS Group initiated coverage on SEI Investments in a report on Wednesday, February 4th. They set a “buy” rating and a $115.00 price objective on the stock. Finally, Zacks Research downgraded SEI Investments from a “strong-buy” rating to a “hold” rating in a report on Tuesday, November 11th. Seven equities research analysts have rated the stock with a Buy rating and two have given a Hold rating to the company’s stock. According to data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average target price of $109.67.

SEI Investments 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.