New York State Common Retirement Fund Has $18.25 Million Stock Holdings in SEI Investments (NASDAQ:SEIC)

New York State Common Retirement Fund trimmed its stake in shares of SEI Investments (NASDAQ:SEIC) by 5.8% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 221,254 shares of the asset manager’s stock after selling 13,500 shares during the quarter. New York State Common Retirement Fund’s holdings in SEI Investments were worth $18,249,000 as of its most recent filing with the Securities and Exchange Commission.

Several other large investors also recently modified their holdings of SEIC. Allworth Financial LP grew its position in SEI Investments by 53.7% in the fourth quarter. Allworth Financial LP now owns 452 shares of the asset manager’s stock valued at $38,000 after acquiring an additional 158 shares during the period. First Horizon Advisors Inc. boosted its stake in shares of SEI Investments by 101.3% in the 3rd quarter. First Horizon Advisors Inc. now owns 461 shares of the asset manager’s stock valued at $32,000 after purchasing an additional 232 shares in the last quarter. Point72 DIFC Ltd acquired a new stake in shares of SEI Investments during the 3rd quarter worth about $45,000. Principal Securities Inc. increased its position in shares of SEI Investments by 13.3% during the 4th quarter. Principal Securities Inc. now owns 1,324 shares of the asset manager’s stock worth $109,000 after purchasing an additional 155 shares in the last quarter. Finally, Venturi Wealth Management LLC lifted its holdings in SEI Investments by 7.3% during the 4th quarter. Venturi Wealth Management LLC now owns 2,105 shares of the asset manager’s stock valued at $174,000 after purchasing an additional 144 shares during the last quarter. 70.59% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

Several analysts have weighed in on SEIC shares. Raymond James raised shares of SEI Investments from a “market perform” rating to an “outperform” rating and set a $99.00 price objective on the stock in a research note on Thursday, January 30th. Piper Sandler increased their price target on SEI Investments from $77.00 to $87.00 and gave the stock a “neutral” rating in a research report on Monday, December 23rd. Oppenheimer lifted their price objective on SEI Investments from $85.00 to $94.00 and gave the company an “outperform” rating in a research report on Tuesday, January 7th. Morgan Stanley increased their target price on SEI Investments from $75.00 to $80.00 and gave the stock an “underweight” rating in a report on Friday, January 3rd. Finally, Keefe, Bruyette & Woods restated a “market perform” rating and issued a $90.00 target price (up from $86.00) on shares of SEI Investments in a research note on Thursday, January 30th. One investment analyst has rated the stock with a sell rating, two have given a hold rating and three have assigned a buy rating to the stock. Based on data from MarketBeat, the stock has a consensus rating of “Hold” and an average price target of $90.00.

Insider Transactions at SEI Investments

In related news, Chairman Alfred P. West, Jr. sold 5,984 shares of the stock in a transaction that occurred on Friday, December 6th. The shares were sold at an average price of $84.23, for a total value of $504,032.32. Following the transaction, the chairman now directly owns 7,371,522 shares in the company, valued at $620,903,298.06. This represents a 0.08 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Insiders sold a total of 171,194 shares of company stock worth $14,579,872 in the last quarter. 14.30% of the stock is owned by company insiders.

SEI Investments Stock Performance

NASDAQ:SEIC opened at $80.25 on Friday. The stock’s fifty day moving average price is $83.17 and its two-hundred day moving average price is $76.65. The company has a market cap of $10.34 billion, a price-to-earnings ratio of 18.16, a P/E/G ratio of 1.41 and a beta of 0.98. SEI Investments has a 52-week low of $62.38 and a 52-week high of $87.25.

SEI Investments (NASDAQ:SEIC) last issued its quarterly earnings results on Wednesday, January 29th. The asset manager reported $1.19 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.21 by ($0.02). SEI Investments had a net margin of 27.35% and a return on equity of 25.51%. On average, equities analysts predict that SEI Investments will post 4.86 EPS for the current fiscal year.

SEI Investments Increases Dividend

The firm also recently announced a semi-annual dividend, which was paid on Wednesday, January 8th. Stockholders of record on Friday, December 27th were paid a $0.49 dividend. This represents a dividend yield of 1.1%. The ex-dividend date was Friday, December 27th. This is a positive change from SEI Investments’s previous semi-annual dividend of $0.46. SEI Investments’s dividend payout ratio (DPR) is 22.17%.

About SEI Investments

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.