Vanguard Group Inc. Has $755.52 Million Stock Holdings in SEI Investments (NASDAQ:SEIC)

Vanguard Group Inc. lessened its position in shares of SEI Investments (NASDAQ:SEIC) by 0.8% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 11,888,519 shares of the asset manager’s stock after selling 94,942 shares during the period. Vanguard Group Inc. owned approximately 9.05% of SEI Investments worth $755,515,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in SEIC. Norges Bank acquired a new stake in shares of SEI Investments during the 4th quarter valued at $32,161,000. Invesco Ltd. lifted its holdings in shares of SEI Investments by 73.1% in the third quarter. Invesco Ltd. now owns 1,125,659 shares of the asset manager’s stock valued at $67,798,000 after purchasing an additional 475,226 shares in the last quarter. Envestnet Asset Management Inc. boosted its holdings in SEI Investments by 69.3% during the 3rd quarter. Envestnet Asset Management Inc. now owns 381,037 shares of the asset manager’s stock worth $22,950,000 after acquiring an additional 155,991 shares during the last quarter. FMR LLC boosted its holdings in SEI Investments by 43.8% during the third quarter. FMR LLC now owns 360,732 shares of the asset manager’s stock worth $21,727,000 after purchasing an additional 109,962 shares during the last quarter. Finally, Caisse DE Depot ET Placement DU Quebec boosted its stake in shares of SEI Investments by 97.0% in the 3rd quarter. Caisse DE Depot ET Placement DU Quebec now owns 210,128 shares of the asset manager’s stock worth $12,656,000 after buying an additional 103,468 shares during the last quarter. 70.59% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

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

SEI Investments Trading Down 0.0 %

Shares of NASDAQ SEIC opened at $65.80 on Friday. The firm has a fifty day simple moving average of $66.86 and a two-hundred day simple moving average of $66.35. The firm has a market capitalization of $8.65 billion, a PE ratio of 17.98, a price-to-earnings-growth ratio of 1.33 and a beta of 1.02. SEI Investments has a 12 month low of $52.19 and a 12 month high of $72.54.

SEI Investments (NASDAQ:SEIC) last issued its quarterly earnings data 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 business had revenue of $511.58 million during the quarter, compared to analyst estimates of $510.41 million. During the same period last year, the business posted $0.79 earnings per share. SEI Investments’s quarterly revenue was up 9.1% compared to the same quarter last year. On average, sell-side analysts predict that SEI Investments will post 4.14 earnings per share for the current year.

SEI Investments Increases Dividend

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

Insider Buying and Selling at SEI Investments

In other news, Chairman Alfred P. West, Jr. sold 48,000 shares of the firm’s stock in a transaction on 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 completion of the transaction, the chairman now directly owns 7,677,471 shares in the company, valued at $522,759,000.39. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. In other news, Chairman Alfred P. West, Jr. sold 150,000 shares of the business’s stock in a transaction that occurred on Tuesday, March 26th. The shares were sold at an average price of $70.75, for a total transaction of $10,612,500.00. Following the completion of the transaction, the chairman now directly owns 7,884,834 shares of the company’s stock, valued at $557,852,005.50. The transaction was disclosed in a filing 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 on Monday, May 13th. The shares were sold at an average price of $68.09, for a total transaction of $3,268,320.00. Following the sale, the chairman now owns 7,677,471 shares of the company’s stock, valued at $522,759,000.39. The disclosure for this sale can be found here. Over the last quarter, insiders sold 287,363 shares of company stock valued at $20,081,067. Corporate insiders own 14.30% of the company’s stock.

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.