Gallacher Capital Management LLC Invests $223,000 in SEI Investments Company (NASDAQ:SEIC)

Gallacher Capital Management LLC acquired a new stake in shares of SEI Investments Company (NASDAQ:SEIC - Free Report) in the 1st quarter, according to the company in its most recent filing with the SEC. The institutional investor acquired 2,871 shares of the asset manager's stock, valued at approximately $223,000.

Several other hedge funds and other institutional investors have also recently made changes to their positions in SEIC. Geode Capital Management LLC raised its stake in SEI Investments by 2.4% in the 4th quarter. Geode Capital Management LLC now owns 2,580,737 shares of the asset manager's stock worth $212,589,000 after acquiring an additional 60,307 shares during the last quarter. Boston Trust Walden Corp raised its stake in SEI Investments by 1.5% in the 1st quarter. Boston Trust Walden Corp now owns 1,325,479 shares of the asset manager's stock worth $102,897,000 after acquiring an additional 19,150 shares during the last quarter. FMR LLC raised its stake in SEI Investments by 39.3% in the 4th quarter. FMR LLC now owns 1,233,225 shares of the asset manager's stock worth $101,716,000 after acquiring an additional 348,112 shares during the last quarter. Northern Trust Corp raised its stake in SEI Investments by 20.9% in the 4th quarter. Northern Trust Corp now owns 1,068,181 shares of the asset manager's stock worth $88,104,000 after acquiring an additional 184,339 shares during the last quarter. Finally, UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC raised its stake in SEI Investments by 38.4% in the 4th quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 756,037 shares of the asset manager's stock worth $62,358,000 after acquiring an additional 209,850 shares during the last quarter. Hedge funds and other institutional investors own 70.59% of the company's stock.

Insider Transactions at SEI Investments

In other SEI Investments news, EVP Michael Peterson sold 50,000 shares of the stock in a transaction that occurred on Thursday, May 15th. The stock was sold at an average price of $84.27, for a total transaction of $4,213,500.00. Following the completion of the transaction, the executive vice president owned 13,500 shares of the company's stock, valued at $1,137,645. This represents a 78.74% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, Chairman Alfred P. West, Jr. sold 66,126 shares of the stock in a transaction that occurred on Thursday, May 29th. The shares were sold at an average price of $84.28, for a total value of $5,573,099.28. Following the transaction, the chairman directly owned 6,937,582 shares of the company's stock, valued at $584,699,410.96. The trade was a 0.94% decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders have sold 232,126 shares of company stock valued at $19,638,659. 14.60% of the stock is currently owned by corporate insiders.

Wall Street Analysts Forecast Growth

SEIC has been the subject of a number of research analyst reports. Morgan Stanley restated an "overweight" rating and issued a $100.00 target price (up previously from $84.00) on shares of SEI Investments in a research note on Thursday, June 26th. Oppenheimer raised their target price on SEI Investments from $96.00 to $101.00 and gave the stock an "outperform" rating in a research note on Tuesday, July 8th. Raymond James Financial lifted their price objective on SEI Investments from $115.00 to $118.00 and gave the company an "outperform" rating in a research note on Thursday. William Blair reiterated a "market perform" rating on shares of SEI Investments in a research note on Thursday, April 24th. Finally, Wall Street Zen upgraded SEI Investments from a "hold" rating to a "buy" rating in a research note on Tuesday, May 20th. Three investment analysts have rated the stock with a hold rating and four have issued a buy rating to the stock. According to data from MarketBeat.com, SEI Investments presently has an average rating of "Moderate Buy" and an average target price of $102.00.

SEI Investments Trading Up 0.1%

Shares of NASDAQ SEIC traded up $0.11 during trading on Friday, reaching $89.90. 199,695 shares of the company traded hands, compared to its average volume of 864,114. SEI Investments Company has a 12-month low of $62.38 and a 12-month high of $93.96. The stock has a market cap of $11.19 billion, a P/E ratio of 16.85, a PEG ratio of 1.53 and a beta of 0.92. The firm's fifty day simple moving average is $87.58 and its 200 day simple moving average is $81.77.

SEI Investments (NASDAQ:SEIC - Get Free Report) last posted its earnings results on Wednesday, July 23rd. The asset manager reported $1.78 EPS for the quarter, beating analysts' consensus estimates of $1.18 by $0.60. SEI Investments had a return on equity of 30.12% and a net margin of 31.25%. The firm had revenue of $559.60 million for the quarter, compared to analysts' expectations of $550.72 million. During the same period last year, the firm earned $1.05 EPS. The company's quarterly revenue was up 7.8% on a year-over-year basis. As a group, research analysts expect that SEI Investments Company will post 4.86 EPS for the current year.

SEI Investments Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Tuesday, June 17th. Stockholders of record on Monday, June 9th were given a dividend of $0.49 per share. The ex-dividend date of this dividend was Monday, June 9th. This is a boost from SEI Investments's previous quarterly dividend of $0.46. This represents a $1.96 dividend on an annualized basis and a dividend yield of 2.18%. SEI Investments's dividend payout ratio (DPR) is 21.30%.

SEI Investments 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.