SEI Investments Company (NASDAQ:SEIC) Stock Position Lifted by Boston Trust Walden Corp

Boston Trust Walden Corp lifted its stake in shares of SEI Investments Company (NASDAQ:SEIC - Free Report) by 1.5% during the first quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 1,325,479 shares of the asset manager's stock after acquiring an additional 19,150 shares during the period. Boston Trust Walden Corp owned 1.04% of SEI Investments worth $102,897,000 as of its most recent SEC filing.

Several other institutional investors have also recently added to or reduced their stakes in SEIC. Principal Securities Inc. lifted its stake in shares of SEI Investments by 13.3% during the 4th 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 period. Allworth Financial LP increased its stake in SEI Investments by 53.7% in the fourth quarter. Allworth Financial LP now owns 452 shares of the asset manager's stock valued at $38,000 after purchasing an additional 158 shares during the last quarter. J.W. Cole Advisors Inc. purchased a new position in SEI Investments during the fourth quarter worth about $224,000. Venturi Wealth Management LLC boosted its stake in SEI Investments by 7.3% in the 4th quarter. Venturi Wealth Management LLC now owns 2,105 shares of the asset manager's stock worth $174,000 after buying an additional 144 shares during the last quarter. Finally, Kestra Investment Management LLC acquired a new stake in SEI Investments in the 4th quarter worth about $360,000. Institutional investors and hedge funds own 70.59% of the company's stock.

SEI Investments Stock Performance

Shares of NASDAQ:SEIC traded down $0.33 during midday trading on Thursday, hitting $83.22. 1,341,305 shares of the company's stock traded hands, compared to its average volume of 727,810. The firm's fifty day moving average price is $80.75 and its two-hundred day moving average price is $80.54. SEI Investments Company has a twelve month low of $62.38 and a twelve month high of $87.25. The company has a market cap of $10.36 billion, a PE ratio of 18.09, a P/E/G ratio of 1.49 and a beta of 0.91.

SEI Investments (NASDAQ:SEIC - Get Free Report) last announced its earnings results on Wednesday, April 23rd. The asset manager reported $1.17 EPS for the quarter, beating the consensus estimate of $1.12 by $0.05. The business had revenue of $551.34 million for the quarter, compared to the consensus estimate of $556.76 million. SEI Investments had a return on equity of 26.40% and a net margin of 27.77%. The company's revenue was up 7.8% on a year-over-year basis. During the same period last year, the business posted $0.99 EPS. As a group, equities research analysts anticipate that SEI Investments Company will post 4.86 EPS for the current fiscal year.

SEI Investments declared that its Board of Directors has approved a stock repurchase program on Tuesday, March 18th that authorizes the company to buyback $500.00 million in outstanding shares. This buyback authorization authorizes the asset manager to reacquire up to 5.3% of its shares through open market purchases. Shares buyback programs are usually a sign that the company's board believes its stock is undervalued.

SEI Investments Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Tuesday, June 17th. Investors of record on Monday, June 9th were issued a dividend of $0.49 per share. This represents a $1.96 dividend on an annualized basis and a yield of 2.36%. This is a positive change from SEI Investments's previous quarterly dividend of $0.46. The ex-dividend date was Monday, June 9th. SEI Investments's dividend payout ratio (DPR) is presently 21.30%.

Insiders Place Their Bets

In other SEI Investments news, CEO Ryan Hicke sold 21,000 shares of SEI Investments stock in a transaction that occurred on Wednesday, May 14th. The stock was sold at an average price of $83.36, for a total transaction of $1,750,560.00. Following the sale, the chief executive officer now directly owns 171,260 shares in the company, valued at $14,276,233.60. The trade was a 10.92% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, Chairman Alfred P. West, Jr. sold 75,000 shares of SEI Investments stock in a transaction on Wednesday, May 28th. The stock was sold at an average price of $85.78, for a total transaction of $6,433,500.00. Following the completion of the sale, the chairman now owns 7,003,708 shares of the company's stock, valued at approximately $600,778,072.24. This trade represents a 1.06% decrease in their position. The disclosure for this sale can be found here. Insiders have sold 232,126 shares of company stock worth $19,638,659 in the last quarter. 14.60% of the stock is owned by corporate insiders.

Wall Street Analysts Forecast Growth

Several research analysts have recently weighed in on SEIC shares. Oppenheimer reiterated an "outperform" rating on shares of SEI Investments in a report on Thursday, April 24th. Keefe, Bruyette & Woods increased their price target on shares of SEI Investments from $80.00 to $84.00 and gave the stock a "market perform" rating in a research note on Friday, April 25th. Morgan Stanley set a $84.00 price objective on shares of SEI Investments and gave the company an "overweight" rating in a research note on Tuesday, June 3rd. Piper Sandler upped their price objective on SEI Investments from $74.00 to $79.00 and gave the stock a "neutral" rating in a report on Thursday, April 24th. Finally, William Blair reiterated a "market perform" rating on shares of SEI Investments in a report on Thursday, April 24th. Three research analysts have rated the stock with a hold rating and four have issued a buy rating to the company's stock. According to MarketBeat, the stock currently has an average rating of "Moderate Buy" and a consensus target price of $88.00.

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.