Analysts Set SEI Investments (NASDAQ:SEIC) PT at $90.00

Shares of SEI Investments (NASDAQ:SEIC) have been given an average recommendation of “Hold” by the five ratings firms that are currently covering the firm, MarketBeat Ratings reports. One equities research analyst has rated the stock with a sell recommendation, two have given a hold recommendation and two have issued a buy recommendation on the company. The average 12-month target price among brokers that have issued ratings on the stock in the last year is $90.00.

A number of research firms recently issued reports on SEIC. Raymond James raised 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. Piper Sandler increased their target price on SEI Investments from $77.00 to $87.00 and gave the stock a “neutral” rating in a report on Monday, December 23rd. Oppenheimer raised their price target on SEI Investments from $85.00 to $94.00 and gave the company an “outperform” rating in a report on Tuesday, January 7th. Morgan Stanley raised their price target on SEI Investments from $75.00 to $80.00 and gave the stock an “underweight” rating in a research report on Friday, January 3rd. Finally, Keefe, Bruyette & Woods restated a “market perform” rating and issued a $90.00 price target (up from $86.00) on shares of SEI Investments in a research note on Thursday, January 30th.

SEI Investments Stock Down 0.2 %

Shares of SEI Investments stock opened at $79.48 on Monday. The business has a 50-day moving average price of $82.92 and a 200 day moving average price of $76.96. SEI Investments has a fifty-two week low of $62.38 and a fifty-two week high of $87.25. The firm has a market cap of $10.25 billion, a P/E ratio of 17.98, a P/E/G ratio of 1.41 and a beta of 0.98.

SEI Investments (NASDAQ:SEIC) last released its earnings results on Wednesday, January 29th. The asset manager reported $1.19 earnings per share 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%. As a group, 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 declared a semi-annual dividend, which was paid on Wednesday, January 8th. Shareholders of record on Friday, December 27th were given a $0.49 dividend. This represents a dividend yield of 1.1%. The ex-dividend date of this dividend was Friday, December 27th. This is a positive change from SEI Investments’s previous semi-annual dividend of $0.46. SEI Investments’s payout ratio is 22.17%.

Insider Activity at SEI Investments

In related news, Chairman Alfred P. West, Jr. sold 19,010 shares of the stock in a transaction that occurred on 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 completion of the sale, the chairman now directly owns 7,377,506 shares of the company’s stock, valued at approximately $608,570,469.94. This trade represents a 0.26 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. 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.

Hedge Funds Weigh In On SEI Investments

A number of large investors have recently made changes to their positions in SEIC. First Horizon Advisors Inc. increased its holdings in shares of SEI Investments by 25.4% in the fourth quarter. First Horizon Advisors Inc. now owns 578 shares of the asset manager’s stock worth $48,000 after buying an additional 117 shares during the period. Aurora Investment Counsel grew its stake in shares of SEI Investments by 0.6% in the third quarter. Aurora Investment Counsel now owns 25,162 shares of the asset manager’s stock worth $1,741,000 after purchasing an additional 144 shares during the last quarter. Venturi Wealth Management LLC grew its stake in shares of SEI Investments by 7.3% in the fourth quarter. Venturi Wealth Management LLC now owns 2,105 shares of the asset manager’s stock worth $174,000 after purchasing an additional 144 shares during the last quarter. Ashton Thomas Securities LLC grew its stake in shares of SEI Investments by 2.5% in the fourth quarter. Ashton Thomas Securities LLC now owns 5,969 shares of the asset manager’s stock worth $492,000 after purchasing an additional 145 shares during the last quarter. Finally, Principal Securities Inc. grew its stake in shares of SEI Investments by 13.3% in the fourth quarter. Principal Securities Inc. now owns 1,324 shares of the asset manager’s stock worth $109,000 after purchasing an additional 155 shares during the last quarter. 70.59% of the stock is owned by 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.