Mitsubishi UFJ Trust & Banking Corp Takes Position in SEI Investments Company $SEIC

Mitsubishi UFJ Trust & Banking Corp purchased a new position in SEI Investments Company (NASDAQ:SEICFree Report) during the third quarter, Holdings Channel.com reports. The fund purchased 9,267 shares of the asset manager’s stock, valued at approximately $786,000.

Several other institutional investors have also bought and sold shares of the company. Root Financial Partners LLC purchased a new position in shares of SEI Investments during the 3rd quarter valued at $28,000. SJS Investment Consulting Inc. lifted its holdings in SEI Investments by 142.9% during the third quarter. SJS Investment Consulting Inc. now owns 357 shares of the asset manager’s stock valued at $30,000 after purchasing an additional 210 shares during the last quarter. CoreFirst Bank & Trust bought a new position in SEI Investments during the second quarter worth about $34,000. Geneos Wealth Management Inc. boosted 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 worth $41,000 after purchasing an additional 200 shares during the period. Finally, Addison Advisors LLC increased its stake in shares of SEI Investments by 117.6% in the second quarter. Addison Advisors LLC now owns 457 shares of the asset manager’s stock worth $41,000 after purchasing an additional 247 shares in the last quarter. Hedge funds and other institutional investors own 70.59% of the company’s stock.

SEI Investments Price Performance

Shares of NASDAQ SEIC opened at $87.85 on Friday. The stock’s 50-day simple moving average is $83.98 and its two-hundred day simple moving average is $85.09. SEI Investments Company has a twelve month low of $64.66 and a twelve month high of $93.96. The firm has a market capitalization of $10.76 billion, a P/E ratio of 15.60 and a beta of 0.97. The company has a quick ratio of 5.62, a current ratio of 3.29 and a debt-to-equity ratio of 0.04.

SEI Investments (NASDAQ:SEICGet Free Report) last issued its quarterly earnings results on Wednesday, January 28th. The asset manager reported $1.38 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.34 by $0.04. The firm had revenue of $607.93 million during the quarter, compared to the consensus estimate of $596.97 million. SEI Investments had a return on equity of 30.26% and a net margin of 31.14%.The company’s revenue for the quarter was up 9.1% on a year-over-year basis. During the same quarter last year, the company posted $1.19 EPS. As a group, equities analysts anticipate that SEI Investments Company will post 4.86 EPS for the current fiscal year.

SEI Investments Dividend Announcement

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

SEI Investments declared that its board has initiated a share repurchase program on Friday, October 24th that permits the company to repurchase $650.00 million in shares. This repurchase authorization permits the asset manager to repurchase up to 6.4% of its stock through open market purchases. Stock repurchase programs are often a sign that the company’s management believes its shares are undervalued.

Analyst Upgrades and Downgrades

SEIC has been the topic of a number of recent research reports. Keefe, Bruyette & Woods upped their price target on shares of SEI Investments from $97.00 to $102.00 and gave the company an “outperform” rating in a research note on Thursday, January 8th. Weiss Ratings restated a “buy (b)” rating on shares of SEI Investments in a research report on Thursday, January 22nd. Morgan Stanley raised their price target on SEI Investments from $115.00 to $117.00 and gave the stock an “overweight” rating in a report on Tuesday, January 6th. Zacks Research lowered SEI Investments from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, November 11th. Finally, Piper Sandler increased their price objective on SEI Investments from $102.00 to $109.00 and gave the stock an “overweight” rating in a report on Thursday. Six investment analysts have rated the stock with a Buy rating and two have issued a Hold rating to the company’s stock. Based on data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $109.20.

Check Out Our Latest Stock Report on SEI Investments

More SEI Investments News

Here are the key news stories impacting SEI Investments this week:

Insider Buying and Selling at SEI Investments

In other news, Chairman Alfred P. West, Jr. sold 24,770 shares of SEI Investments stock in a transaction on Wednesday, December 3rd. The shares were sold at an average price of $80.87, for a total transaction of $2,003,149.90. Following the completion of the sale, the chairman directly owned 6,942,812 shares of the company’s stock, valued at approximately $561,465,206.44. The trade was a 0.36% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Company insiders own 14.60% of the company’s stock.

SEI Investments Profile

(Free Report)

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.

See Also

Want to see what other hedge funds are holding SEIC? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for SEI Investments Company (NASDAQ:SEICFree Report).

Institutional Ownership by Quarter for SEI Investments (NASDAQ:SEIC)

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