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 increased its position in 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 SEC. The fund owned 76,723 shares of the asset manager's stock after acquiring 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 SEC filing.

Other large investors also recently added to or reduced their stakes in the company. Lord Abbett & CO. LLC purchased a new position in SEI Investments during the 1st quarter valued at about $51,773,000. GAMMA Investing LLC grew its holdings in SEI Investments by 9,563.5% during the 1st quarter. GAMMA Investing LLC now owns 470,515 shares of the asset manager's stock valued at $36,526,000 after buying an additional 465,646 shares in the last quarter. Caisse DE Depot ET Placement DU Quebec grew its holdings in SEI Investments by 108.7% during the 4th quarter. Caisse DE Depot ET Placement DU Quebec now owns 532,336 shares of the asset manager's stock valued at $43,907,000 after buying an additional 277,252 shares in the last quarter. Nuveen LLC purchased a new position in SEI Investments during the 1st quarter valued at about $21,407,000. Finally, UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC grew its holdings in SEI Investments by 38.4% during 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 valued at $62,358,000 after buying an additional 209,850 shares in the last quarter. Hedge funds and other institutional investors own 70.59% of the company's stock.

Analyst Upgrades and Downgrades

SEIC has been the subject of a number of recent analyst reports. Oppenheimer lifted their target price on SEI Investments from $96.00 to $101.00 and gave the company an "outperform" rating in a report on Tuesday, July 8th. Wall Street Zen raised SEI Investments from a "hold" rating to a "buy" rating in a report on Tuesday, May 20th. Raymond James Financial lifted their target price on SEI Investments from $115.00 to $118.00 and gave the company an "outperform" rating in a report on Thursday, July 24th. Piper Sandler reduced their target price on SEI Investments from $96.00 to $93.00 and set a "neutral" rating for the company in a report on Thursday, July 24th. Finally, Morgan Stanley reissued 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. Three equities research analysts have rated the stock with a Buy rating and three have given a Hold rating to the stock. According to data from MarketBeat, the company has a consensus rating of "Moderate Buy" and a consensus price target of $102.00.

Insider Buying and Selling

In related news, CEO Ryan Hicke sold 35,000 shares of the business's stock in a transaction that occurred on Tuesday, August 19th. The stock was sold at an average price of $88.30, for a total value of $3,090,500.00. Following the completion of the sale, the chief executive officer owned 171,260 shares in the company, valued at $15,122,258. The trade was a 16.97% decrease in their position. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. Also, Chairman Alfred P. West, Jr. sold 66,126 shares of the business's stock in a transaction that occurred 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 completion of the sale, 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. Insiders sold 181,126 shares of company stock worth $15,540,849 in the last quarter. 14.60% of the stock is owned by insiders.

SEI Investments Trading Up 2.3%

Shares of NASDAQ SEIC traded up $2.01 during midday trading on Friday, hitting $90.15. 451,945 shares of the company's stock were exchanged, compared to its average volume of 703,548. SEI Investments Company has a 12-month low of $64.66 and a 12-month high of $93.96. The company has a market cap of $11.14 billion, a price-to-earnings ratio of 16.91, a PEG ratio of 1.40 and a beta of 0.95. The business's fifty day moving average price is $89.09 and its two-hundred day moving average price is $82.48.

SEI Investments (NASDAQ:SEIC - Get Free Report) last issued its quarterly earnings data on Wednesday, July 23rd. The asset manager reported $1.78 EPS for the quarter, topping the consensus estimate of $1.18 by $0.60. The company had revenue of $559.60 million during the quarter, compared to analyst estimates of $550.72 million. SEI Investments had a return on equity of 29.96% and a net margin of 31.25%.SEI Investments's revenue was up 7.8% on a year-over-year basis. During the same quarter in the previous year, the firm earned $1.05 earnings per share. Equities analysts expect that SEI Investments Company will post 4.86 earnings per share for the current fiscal year.

SEI Investments Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Tuesday, June 17th. Investors of record on Monday, June 9th were given a $0.49 dividend. This represents a $1.96 dividend on an annualized basis and a yield of 2.2%. The ex-dividend date was Monday, June 9th. This is a positive change from SEI Investments's previous quarterly dividend of $0.46. SEI Investments's dividend payout ratio is presently 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.