SEI Investments (NASDAQ:SEIC) Shares Acquired by Global Retirement Partners LLC

Global Retirement Partners LLC boosted its holdings in SEI Investments (NASDAQ:SEIC) by 13.2% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 1,450 shares of the asset manager’s stock after acquiring an additional 169 shares during the quarter. Global Retirement Partners LLC’s holdings in SEI Investments were worth $120,000 at the end of the most recent quarter.

Several other hedge funds have also recently added to or reduced their stakes in the business. Boston Trust Walden Corp lifted its position in SEI Investments by 1.6% in the fourth quarter. Boston Trust Walden Corp now owns 1,306,329 shares of the asset manager’s stock worth $107,746,000 after purchasing an additional 20,020 shares during the period. Longboard Asset Management LP acquired a new stake in shares of SEI Investments in the fourth quarter valued at $267,000. CHURCHILL MANAGEMENT Corp bought a new position in SEI Investments during the fourth quarter valued at about $1,818,000. Lecap Asset Management Ltd. bought a new position in SEI Investments during the fourth quarter valued at about $480,000. Finally, Portfolio Design Labs LLC grew its holdings in SEI Investments by 22.5% during the fourth quarter. Portfolio Design Labs LLC now owns 30,102 shares of the asset manager’s stock worth $2,483,000 after acquiring an additional 5,522 shares during the period. Institutional investors own 70.59% of the company’s stock.

Analyst Upgrades and Downgrades

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

Insider Buying and Selling at SEI Investments

In other news, Chairman Alfred P. West, Jr. sold 5,984 shares of the business’s stock in a transaction on Friday, December 6th. The shares were sold at an average price of $84.23, for a total transaction 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. The trade was a 0.08 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available at this link. In the last quarter, insiders have sold 171,194 shares of company stock worth $14,579,872. 14.30% of the stock is currently owned by company insiders.

SEI Investments Stock Down 0.3 %

Shares of 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 company has a market cap of $10.06 billion, a P/E ratio of 17.93, a price-to-earnings-growth ratio of 1.41 and a beta of 0.98. The company’s fifty day moving average is $82.88 and its two-hundred day moving average is $76.98.

SEI Investments (NASDAQ:SEIC) last announced its quarterly earnings data on Wednesday, January 29th. The asset manager reported $1.19 EPS for the quarter, missing analysts’ consensus estimates of $1.21 by ($0.02). SEI Investments had a return on equity of 25.51% and a net margin of 27.35%. Equities research analysts anticipate that SEI Investments will post 4.86 earnings per share for the current year.

SEI Investments Increases Dividend

The business also recently disclosed 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. The ex-dividend date was Friday, December 27th. This is an increase from SEI Investments’s previous semi-annual dividend of $0.46. This represents a yield of 1.1%. SEI Investments’s payout ratio is presently 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.