SEI Investments Company $SEIC Shares Bought by Candriam S.C.A.

Key Points

• Candriam S.C.A. increased its holdings in SEI Investments by 238.3%, owning 135,207 shares worth approximately $10.50 million as of its latest SEC filing.
• SEI Investments reported $1.78 earnings per share for the last quarter, significantly exceeding expectations of $1.18, with a 7.8% year-over-year revenue increase.
• The company recently declared a quarterly dividend of $0.49, representing a positive change from the previous dividend of $0.46, with an annualized yield of 2.2%.

Candriam S.C.A. boosted its stake in SEI Investments Company (NASDAQ:SEIC - Free Report) by 238.3% in the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 135,207 shares of the asset manager's stock after acquiring an additional 95,245 shares during the period. Candriam S.C.A. owned about 0.11% of SEI Investments worth $10,496,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also recently bought and sold shares of the stock. Dimensional Fund Advisors LP lifted its position in SEI Investments by 6.8% in the first quarter. Dimensional Fund Advisors LP now owns 1,732,511 shares of the asset manager's stock valued at $134,487,000 after acquiring an additional 111,065 shares during the last quarter. Boston Trust Walden Corp lifted its position in SEI Investments by 1.5% in the first quarter. Boston Trust Walden Corp now owns 1,325,479 shares of the asset manager's stock valued at $102,897,000 after acquiring an additional 19,150 shares during the last quarter. Northern Trust Corp lifted its position in SEI Investments by 20.9% in the fourth quarter. Northern Trust Corp now owns 1,068,181 shares of the asset manager's stock valued at $88,104,000 after acquiring an additional 184,339 shares during the last quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC lifted its position in SEI Investments by 38.4% in the fourth 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 acquiring an additional 209,850 shares during the last quarter. Finally, Charles Schwab Investment Management Inc. lifted its position in SEI Investments by 0.5% in the first quarter. Charles Schwab Investment Management Inc. now owns 671,672 shares of the asset manager's stock valued at $52,142,000 after acquiring an additional 3,339 shares during the last quarter. 70.59% of the stock is owned by hedge funds and other institutional investors.

SEI Investments Stock Down 0.6%

NASDAQ SEIC traded down $0.52 during trading hours on Monday, hitting $89.63. 515,970 shares of the stock were exchanged, compared to its average volume of 843,671. The company has a market cap of $11.08 billion, a price-to-earnings ratio of 16.82, a price-to-earnings-growth ratio of 1.40 and a beta of 0.95. SEI Investments Company has a 12-month low of $64.66 and a 12-month high of $93.96. The stock has a 50-day moving average of $89.09 and a 200 day moving average of $82.45.

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

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

Insider Buying and Selling

In other SEI Investments news, insider Mark Andrew Warner sold 5,000 shares of the company's stock in a transaction dated Tuesday, July 29th. The shares were sold at an average price of $88.75, for a total transaction of $443,750.00. Following the transaction, the insider directly 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 sale was disclosed in a filing with the SEC, which can be accessed through this link. Also, Chairman Alfred P. West, Jr. sold 75,000 shares of the company's stock in a transaction dated 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 transaction, the chairman owned 7,003,708 shares in the company, valued at $600,778,072.24. The trade was a 1.06% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 181,126 shares of company stock valued at $15,540,849 over the last ninety days. Corporate insiders own 14.30% of the company's stock.

Analysts Set New Price Targets

A number of brokerages recently weighed in on SEIC. Keefe, Bruyette & Woods reissued a "market perform" rating and issued a $98.00 price target (down from $100.00) on shares of SEI Investments in a research report on Thursday, July 24th. Wall Street Zen raised shares of SEI Investments from a "hold" rating to a "buy" rating in a research report on Tuesday, May 20th. Morgan Stanley reaffirmed an "overweight" rating and issued a $100.00 target price (up from $84.00) on shares of SEI Investments in a report on Thursday, June 26th. Oppenheimer upped their target price on shares of SEI Investments from $96.00 to $101.00 and gave the company an "outperform" rating in a report on Tuesday, July 8th. Finally, Raymond James Financial upped their target price on shares of SEI Investments from $115.00 to $118.00 and gave the company an "outperform" rating in a report on Thursday, July 24th. Three equities research analysts have rated the stock with a Buy rating and three have given a Hold rating to the stock. Based on data from MarketBeat.com, the company has an average rating of "Moderate Buy" and an average target price of $102.00.

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.