Insider Selling: SEI Investments (NASDAQ:SEIC) Insider Sells $401,950.00 in Stock

SEI Investments (NASDAQ:SEIC) insider Mark Andrew Warner sold 5,000 shares of the stock in a transaction that occurred on Monday, March 3rd. The shares were sold at an average price of $80.39, for a total transaction of $401,950.00. Following the sale, the insider now owns 1,300 shares in the company, valued at approximately $104,507. The trade was a 79.37 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website.

SEI Investments Price Performance

Shares of NASDAQ SEIC opened at $76.93 on Thursday. The stock has a market cap of $9.77 billion, a PE ratio of 17.40, a price-to-earnings-growth ratio of 1.41 and a beta of 0.98. SEI Investments has a 1 year low of $62.38 and a 1 year high of $87.25. The firm has a fifty day moving average price of $82.58 and a 200-day moving average price of $77.40.

SEI Investments (NASDAQ:SEIC) last released 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 return on equity of 25.51% and a net margin of 27.35%. On average, research analysts expect that SEI Investments will post 4.86 EPS for the current year.

SEI Investments Increases Dividend

The company also recently disclosed a semi-annual dividend, which was paid on Wednesday, January 8th. Shareholders of record on Friday, December 27th were paid a dividend of $0.49 per share. This represents a yield of 1.1%. 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. SEI Investments’s payout ratio is presently 22.17%.

Analyst Ratings Changes

Several research firms recently commented on SEIC. Keefe, Bruyette & Woods reiterated 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 objective on shares of SEI Investments from $85.00 to $94.00 and gave the company an “outperform” rating in a report on Tuesday, January 7th. Piper Sandler raised their target price on shares of SEI Investments from $77.00 to $87.00 and gave the stock a “neutral” rating in a report on Monday, December 23rd. Raymond James upgraded shares of SEI Investments from a “market perform” rating to an “outperform” rating and set a $99.00 target price for the company in a research note on Thursday, January 30th. Finally, Morgan Stanley increased their price target on SEI Investments from $75.00 to $80.00 and gave the company an “underweight” rating in a report on Friday, January 3rd. One research analyst has rated the stock with a sell rating, two have given a hold rating and two have given a buy rating to the stock. According to MarketBeat, the stock presently has a consensus rating of “Hold” and an average price target of $90.00.

Institutional Investors Weigh In On SEI Investments

Several hedge funds and other institutional investors have recently modified their holdings of SEIC. Geode Capital Management LLC grew its position in SEI Investments by 2.4% in the 4th quarter. Geode Capital Management LLC now owns 2,580,737 shares of the asset manager’s stock valued at $212,589,000 after acquiring an additional 60,307 shares during the last quarter. Boston Trust Walden Corp increased its stake 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 worth $107,746,000 after buying an additional 20,020 shares during the period. FMR LLC boosted its position in SEI Investments by 39.3% in the 4th quarter. FMR LLC now owns 1,233,225 shares of the asset manager’s stock valued at $101,716,000 after buying an additional 348,112 shares during the period. Bank of New York Mellon Corp grew its stake in SEI Investments by 4.1% in the 4th quarter. Bank of New York Mellon Corp now owns 1,171,743 shares of the asset manager’s stock worth $96,645,000 after acquiring an additional 46,425 shares in the last quarter. Finally, Northern Trust Corp increased its position in shares of SEI Investments by 20.9% during the fourth quarter. Northern Trust Corp now owns 1,068,181 shares of the asset manager’s stock worth $88,104,000 after acquiring an additional 184,339 shares during the period. 70.59% of the stock is currently owned by hedge funds and other institutional investors.

SEI Investments Company 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.