Advisor OS LLC Purchases New Shares in SEI Investments (NASDAQ:SEIC)

Advisor OS LLC acquired a new stake in SEI Investments (NASDAQ:SEIC) in the 4th quarter, according to its most recent disclosure with the SEC. The fund acquired 5,103 shares of the asset manager’s stock, valued at approximately $421,000.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Boston Trust Walden Corp raised its holdings in SEI Investments by 1.6% in the 4th quarter. Boston Trust Walden Corp now owns 1,306,329 shares of the asset manager’s stock valued at $107,746,000 after acquiring an additional 20,020 shares in the last quarter. Longboard Asset Management LP acquired a new position in SEI Investments in the 4th quarter valued at $267,000. CHURCHILL MANAGEMENT Corp acquired a new position in SEI Investments in the 4th quarter valued at $1,818,000. Lecap Asset Management Ltd. acquired a new position in SEI Investments in the 4th quarter valued at $480,000. Finally, Portfolio Design Labs LLC raised its holdings in SEI Investments by 22.5% in the 4th quarter. Portfolio Design Labs LLC now owns 30,102 shares of the asset manager’s stock valued at $2,483,000 after acquiring an additional 5,522 shares in the last quarter. 70.59% of the stock is owned by institutional investors and hedge funds.

Insider Activity at SEI Investments

In related news, Chairman Alfred P. West, Jr. sold 19,010 shares of the company’s stock in a transaction dated Wednesday, December 4th. The stock was sold at an average price of $82.49, for a total transaction of $1,568,134.90. Following the sale, the chairman now owns 7,377,506 shares in the company, valued at $608,570,469.94. This represents a 0.26 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Insiders have sold a total of 171,194 shares of company stock worth $14,579,872 in the last 90 days. Corporate insiders own 14.30% of the company’s stock.

SEI Investments Trading Down 0.3 %

NASDAQ SEIC opened at $79.27 on Friday. SEI Investments has a 12 month low of $62.38 and a 12 month high of $87.25. The business’s 50-day moving average price is $82.88 and its two-hundred day moving average price is $76.98. The firm has a market capitalization of $10.06 billion, a PE ratio of 17.93, a price-to-earnings-growth ratio of 1.41 and a beta of 0.98.

SEI Investments (NASDAQ:SEIC) last announced its earnings results on Wednesday, January 29th. The asset manager reported $1.19 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%. As a group, analysts forecast that SEI Investments will post 4.86 earnings per share 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. Investors of record on Friday, December 27th were given a dividend of $0.49 per share. This is a positive change from SEI Investments’s previous semi-annual dividend of $0.46. The ex-dividend date of this dividend was Friday, December 27th. This represents a dividend yield of 1.1%. SEI Investments’s dividend payout ratio is presently 22.17%.

Wall Street Analyst Weigh In

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

SEI Investments Profile

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.