Teachers Retirement System of The State of Kentucky Has $2.13 Million Position in SEI Investments (NASDAQ:SEIC)

Teachers Retirement System of The State of Kentucky lowered its stake in SEI Investments (NASDAQ:SEIC) by 4.6% in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 33,444 shares of the asset manager’s stock after selling 1,600 shares during the period. Teachers Retirement System of The State of Kentucky’s holdings in SEI Investments were worth $2,126,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also modified their holdings of the company. Neo Ivy Capital Management acquired a new stake in SEI Investments during the 4th quarter worth $61,000. Aurora Investment Counsel grew its holdings in SEI Investments by 3.9% during the 4th quarter. Aurora Investment Counsel now owns 24,028 shares of the asset manager’s stock worth $1,527,000 after acquiring an additional 897 shares during the period. Power Corp of Canada acquired a new stake in SEI Investments during the 4th quarter worth $5,649,000. Point72 Europe London LLP acquired a new stake in SEI Investments during the 4th quarter worth $863,000. Finally, Campbell & CO Investment Adviser LLC boosted its position in shares of SEI Investments by 638.6% during the fourth quarter. Campbell & CO Investment Adviser LLC now owns 26,584 shares of the asset manager’s stock worth $1,689,000 after purchasing an additional 22,985 shares in the last quarter. Institutional investors and hedge funds own 70.59% of the company’s stock.

Insiders Place Their Bets

In other SEI Investments news, Chairman Alfred P. West, Jr. sold 19,363 shares of the business’s stock in a transaction dated Thursday, March 28th. The shares were sold at an average price of $72.14, for a total transaction of $1,396,846.82. Following the sale, the chairman now directly owns 7,865,471 shares of the company’s stock, valued at approximately $567,415,077.94. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. In other news, Chairman Alfred P. West, Jr. sold 19,363 shares of the business’s stock in a transaction dated Thursday, March 28th. The shares were sold at an average price of $72.14, for a total transaction of $1,396,846.82. Following the transaction, the chairman now directly owns 7,865,471 shares in the company, valued at approximately $567,415,077.94. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Chairman Alfred P. West, Jr. sold 48,000 shares of the business’s stock in a transaction dated Monday, May 13th. The stock was sold at an average price of $68.09, for a total transaction of $3,268,320.00. Following the transaction, the chairman now owns 7,677,471 shares in the company, valued at $522,759,000.39. The disclosure for this sale can be found here. Insiders have sold 287,363 shares of company stock valued at $20,081,067 in the last three months. 14.30% of the stock is currently owned by corporate insiders.

Wall Street Analysts Forecast Growth

A number of brokerages have recently weighed in on SEIC. Oppenheimer lifted their price target on shares of SEI Investments from $77.00 to $80.00 and gave the stock an “outperform” rating in a research report on Tuesday, April 9th. Keefe, Bruyette & Woods reissued a “market perform” rating and set a $74.00 price target (up from $72.00) on shares of SEI Investments in a research report on Thursday, April 25th. Piper Sandler reduced their price target on shares of SEI Investments from $72.00 to $69.00 and set a “neutral” rating on the stock in a research report on Thursday, April 25th. Finally, StockNews.com raised shares of SEI Investments from a “hold” rating to a “buy” rating in a research report on Saturday, March 2nd. One investment analyst has rated the stock with a sell rating, two have issued a hold rating and two have issued a buy rating to the company. Based on data from MarketBeat.com, the company currently has a consensus rating of “Hold” and an average target price of $71.00.

SEI Investments Trading Down 0.0 %

SEIC opened at $65.80 on Friday. The stock has a market capitalization of $8.65 billion, a P/E ratio of 17.98, a P/E/G ratio of 1.32 and a beta of 1.02. SEI Investments has a 12 month low of $52.19 and a 12 month high of $72.54. The firm’s fifty day simple moving average is $66.86 and its 200 day simple moving average is $66.30.

SEI Investments (NASDAQ:SEIC) last issued its quarterly earnings results on Wednesday, April 24th. The asset manager reported $0.99 EPS for the quarter, topping the consensus estimate of $0.98 by $0.01. SEI Investments had a net margin of 24.80% and a return on equity of 22.91%. The firm had revenue of $511.58 million for the quarter, compared to analysts’ expectations of $510.41 million. During the same period in the previous year, the firm posted $0.79 EPS. The company’s revenue for the quarter was up 9.1% on a year-over-year basis. On average, equities research analysts predict that SEI Investments will post 4.14 EPS for the current fiscal year.

SEI Investments Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Tuesday, June 18th. Shareholders of record on Monday, June 10th were given a dividend of $0.46 per share. The ex-dividend date was Monday, June 10th. This is a boost from SEI Investments’s previous quarterly dividend of $0.40. This represents a $1.84 annualized dividend and a yield of 2.80%. SEI Investments’s payout ratio is 25.14%.

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.