Brandywine Global Investment Management LLC Buys 8,843 Shares of SEI Investments Company $SEIC

Key Points

• Brandywine Global Investment Management LLC has increased its stake in SEI Investments Company by 13.0%, acquiring an additional 8,843 shares during the first quarter, bringing their total ownership to 76,723 shares valued at approximately $5.96 million.
• SEI Investments recently announced a quarterly dividend increase to $0.49 per share, up from $0.46, with an annualized dividend of $1.96 and a yield of 2.2%.
• SEI Investments reported earnings of $1.78 per share for the last quarter, significantly beating analysts' estimates, and the company's revenue saw a year-over-year increase of 7.8%.

Brandywine Global Investment Management LLC lifted its stake in shares of SEI Investments Company (NASDAQ:SEIC - Free Report) by 13.0% in the 1st quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 76,723 shares of the asset manager's stock after buying an additional 8,843 shares during the quarter. Brandywine Global Investment Management LLC owned about 0.06% of SEI Investments worth $5,956,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors also recently modified their holdings of the stock. Element Capital Management LLC bought a new stake in SEI Investments in the first quarter valued at $2,703,000. Dimensional Fund Advisors LP grew its stake in shares of SEI Investments by 6.8% in the 1st quarter. Dimensional Fund Advisors LP now owns 1,732,511 shares of the asset manager's stock valued at $134,487,000 after buying an additional 111,065 shares during the period. Lord Abbett & CO. LLC bought a new stake in SEI Investments in the 1st quarter valued at about $51,773,000. Leith Wheeler Investment Counsel Ltd. raised its stake in SEI Investments by 1.3% during the 1st quarter. Leith Wheeler Investment Counsel Ltd. now owns 205,809 shares of the asset manager's stock worth $15,977,000 after buying an additional 2,592 shares during the period. Finally, Tokio Marine Asset Management Co. Ltd. boosted its holdings in SEI Investments by 8.0% in the first quarter. Tokio Marine Asset Management Co. Ltd. now owns 2,685 shares of the asset manager's stock worth $208,000 after acquiring an additional 200 shares in the last quarter. Institutional investors and hedge funds own 70.59% of the company's stock.

Analyst Ratings Changes

Several research firms have recently commented on SEIC. Raymond James Financial boosted their price objective on SEI Investments from $115.00 to $118.00 and gave the company an "outperform" rating in a report on Thursday, July 24th. Oppenheimer boosted their price target on shares of SEI Investments from $96.00 to $101.00 and gave the company an "outperform" rating in a research note on Tuesday, July 8th. Morgan Stanley restated an "overweight" rating and set a $100.00 price objective (up previously from $84.00) on shares of SEI Investments in a report on Thursday, June 26th. Keefe, Bruyette & Woods reiterated a "market perform" rating and set a $98.00 price objective (down from $100.00) on shares of SEI Investments in a report on Thursday, July 24th. Finally, William Blair reissued a "market perform" rating on shares of SEI Investments in a research report on Thursday, April 24th. Three investment analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the company's stock. Based on data from MarketBeat, SEI Investments presently has a consensus rating of "Moderate Buy" and a consensus target price of $102.00.

Insider Buying and Selling

In related news, insider Mark Andrew Warner sold 5,000 shares of the company's stock in a transaction that occurred on Tuesday, July 29th. The stock was sold at an average price of $88.75, for a total value of $443,750.00. Following the transaction, the insider owned 1,300 shares in the company, valued at approximately $115,375. This represents a 79.37% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, Chairman Alfred P. West, Jr. sold 66,126 shares of the stock in a transaction on Thursday, May 29th. The stock was sold at an average price of $84.28, for a total value of $5,573,099.28. Following the transaction, the chairman 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 181,126 shares of company stock valued at $15,540,849. 14.60% of the stock is owned by company insiders.

SEI Investments Stock Up 2.1%

SEI Investments stock traded up $1.8370 during mid-day trading on Friday, reaching $89.9770. 272,957 shares of the company's stock were exchanged, compared to its average volume of 844,473. The business's fifty day simple moving average is $88.94 and its 200 day simple moving average is $82.48. SEI Investments Company has a one year low of $64.66 and a one year high of $93.96. The firm has a market capitalization of $11.12 billion, a PE ratio of 16.88, a P/E/G ratio of 1.37 and a beta of 0.95.

SEI Investments (NASDAQ:SEIC - Get Free Report) last released its earnings results on Wednesday, July 23rd. The asset manager reported $1.78 EPS for the quarter, topping analysts' consensus estimates of $1.18 by $0.60. The company had revenue of $559.60 million for the quarter, compared to analysts' expectations of $550.72 million. SEI Investments had a return on equity of 29.96% and a net margin of 31.25%.The business's revenue for the quarter was up 7.8% compared to the same quarter last year. During the same period in the previous year, the business posted $1.05 EPS. On average, sell-side analysts forecast that SEI Investments Company will post 4.86 earnings per share for the current year.

SEI Investments Increases Dividend

The business 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. This represents a $1.96 annualized dividend and a dividend yield of 2.2%. The ex-dividend date was Monday, June 9th. This is an increase from SEI Investments's previous quarterly dividend of $0.46. SEI Investments's dividend payout ratio (DPR) is 18.39%.

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.