Boston Trust Walden Corp Increases Stock Holdings in SEI Investments Company (NASDAQ:SEIC)

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

A number of other large investors have also added to or reduced their stakes in SEIC. Principal Securities Inc. boosted its holdings in shares of SEI Investments by 13.3% in 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 boosted its holdings in shares of SEI Investments by 53.7% in the 4th quarter. Allworth Financial LP now owns 452 shares of the asset manager's stock worth $38,000 after purchasing an additional 158 shares during the period. J.W. Cole Advisors Inc. purchased a new position in shares of SEI Investments in the 4th quarter worth approximately $224,000. Venturi Wealth Management LLC boosted its holdings in shares of 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 purchasing an additional 144 shares during the period. Finally, Kestra Investment Management LLC bought a new position in SEI Investments in the 4th quarter valued at $360,000. Institutional investors own 70.59% of the company's stock.

Insider Activity

In other SEI Investments news, EVP Michael Peterson sold 50,000 shares of SEI Investments stock in a transaction dated Thursday, May 15th. The stock was sold at an average price of $84.27, for a total value of $4,213,500.00. Following the transaction, the executive vice president now owns 13,500 shares in the company, valued at $1,137,645. The trade was a 78.74% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, insider Sanjay Sharma sold 20,000 shares of SEI Investments stock in a transaction dated Wednesday, May 14th. The shares were sold at an average price of $83.40, for a total value of $1,668,000.00. Following the completion of the transaction, the insider now owns 23,895 shares in the company, valued at $1,992,843. This trade represents a 45.56% decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 232,126 shares of company stock worth $19,638,659. Company insiders own 14.60% of the company's stock.

SEI Investments Stock Performance

Shares of SEI Investments stock remained flat at $83.22 during trading on Friday. The stock had a trading volume of 1,420,421 shares, compared to its average volume of 729,785. The stock has a market cap of $10.36 billion, a price-to-earnings ratio of 18.09, a P/E/G ratio of 1.48 and a beta of 0.91. SEI Investments Company has a 1 year low of $62.38 and a 1 year high of $87.25. The firm's 50-day moving average is $81.21 and its two-hundred day moving average is $80.54.

SEI Investments (NASDAQ:SEIC - Get Free Report) last announced its quarterly 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 firm had revenue of $551.34 million for the quarter, compared to analyst estimates of $556.76 million. SEI Investments had a return on equity of 26.40% and a net margin of 27.77%. The business's revenue for the quarter was up 7.8% on a year-over-year basis. During the same quarter last year, the firm posted $0.99 earnings per share. On average, equities research analysts anticipate that SEI Investments Company will post 4.86 earnings per share for the current fiscal year.

SEI Investments declared that its board has initiated a stock repurchase plan on Tuesday, March 18th that authorizes the company to repurchase $500.00 million in outstanding shares. This repurchase authorization authorizes the asset manager to buy up to 5.3% of its stock through open market purchases. Stock repurchase plans are typically a sign that the company's board of directors believes its shares are undervalued.

SEI Investments Increases Dividend

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

Analyst Ratings Changes

A number of analysts have weighed in on SEIC shares. Morgan Stanley set a $84.00 target price on SEI Investments and gave the stock an "overweight" rating in a research note on Tuesday, June 3rd. Keefe, Bruyette & Woods increased their target price on SEI Investments from $80.00 to $84.00 and gave the stock a "market perform" rating in a research note on Friday, April 25th. Oppenheimer reiterated an "outperform" rating on shares of SEI Investments in a research note on Thursday, April 24th. Wall Street Zen upgraded SEI Investments from a "hold" rating to a "buy" rating in a research note on Tuesday, May 20th. Finally, William Blair reiterated a "market perform" rating on shares of SEI Investments in a research note on Thursday, April 24th. Three investment analysts have rated the stock with a hold rating and four have issued a buy rating to the company. According to MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and a consensus target price of $88.00.

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.