Capital Fund Management S.A. Purchases Shares of 17,514 SEI Investments Company $SEIC

Key Points

• Capital Fund Management S.A. has made a new investment in SEI Investments Company, purchasing 17,514 shares worth approximately $1.36 million.
• SEI Investments recently raised its quarterly dividend to $0.49 per share, an increase from the previous $0.46, reflecting a dividend yield of 2.2%.
• Analysts have a positive outlook for SEI Investments, with three assigning a Buy rating and an average price target of $102.00.

Capital Fund Management S.A. purchased a new position in SEI Investments Company (NASDAQ:SEIC - Free Report) in the first quarter, according to the company in its most recent Form 13F filing with the SEC. The fund purchased 17,514 shares of the asset manager's stock, valued at approximately $1,360,000.

A number of other institutional investors also recently made changes to their positions in the business. Dimensional Fund Advisors LP boosted 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 purchasing an additional 111,065 shares in the last quarter. Boston Trust Walden Corp boosted its stake in shares of SEI Investments by 1.5% in the 1st quarter. Boston Trust Walden Corp now owns 1,325,479 shares of the asset manager's stock valued at $102,897,000 after purchasing an additional 19,150 shares in the last quarter. Northern Trust Corp raised its holdings in SEI Investments by 20.9% during the 4th quarter. Northern Trust Corp now owns 1,068,181 shares of the asset manager's stock valued at $88,104,000 after buying an additional 184,339 shares during the last quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC raised 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 during the last quarter. Finally, Charles Schwab Investment Management Inc. raised its holdings in SEI Investments by 0.5% during the 1st quarter. Charles Schwab Investment Management Inc. now owns 671,672 shares of the asset manager's stock valued at $52,142,000 after buying an additional 3,339 shares during the last quarter. Hedge funds and other institutional investors own 70.59% of the company's stock.

SEI Investments Trading Down 0.6%

NASDAQ SEIC traded down $0.57 during trading on Friday, hitting $88.28. The company had a trading volume of 703,792 shares, compared to its average volume of 837,382. SEI Investments Company has a one year low of $64.66 and a one year high of $93.96. The company has a market cap of $10.91 billion, a price-to-earnings ratio of 16.56, a price-to-earnings-growth ratio of 1.40 and a beta of 0.95. The company's fifty day moving average is $89.59 and its 200-day moving average is $82.62.

SEI Investments (NASDAQ:SEIC - Get Free Report) last issued 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 company had revenue of $559.60 million during the quarter, compared to analyst estimates of $550.72 million. SEI Investments had a net margin of 31.25% and a return on equity of 29.96%. SEI Investments's quarterly revenue was up 7.8% compared to the same quarter last year. During the same period last year, the business earned $1.05 EPS. As a group, equities analysts anticipate that SEI Investments Company will post 4.86 EPS for the current year.

Insider Activity

In other news, insider Mark Andrew Warner sold 5,000 shares of the stock in a transaction that occurred on Tuesday, July 29th. The shares were 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 $115,375. This represents a 79.37% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, CEO Ryan Hicke sold 35,000 shares of the stock in a transaction that occurred on Tuesday, August 19th. The stock was sold at an average price of $88.30, for a total transaction of $3,090,500.00. Following the completion of the transaction, the chief executive officer owned 171,260 shares in the company, valued at $15,122,258. This trade represents a 16.97% decrease in their position. The disclosure for this sale can be found here. Corporate insiders own 14.60% of the company's stock.

Analyst Upgrades and Downgrades

A number of research firms recently commented on SEIC. Raymond James Financial upped their price target 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. Wall Street Zen upgraded shares of SEI Investments from a "hold" rating to a "buy" rating in a report on Tuesday, May 20th. Morgan Stanley reiterated an "overweight" rating and set a $100.00 price target (up from $84.00) on shares of SEI Investments in a report on Thursday, June 26th. Piper Sandler lowered their price target on shares of SEI Investments from $96.00 to $93.00 and set a "neutral" rating for the company in a report on Thursday, July 24th. Finally, Keefe, Bruyette & Woods reiterated a "market perform" rating and set a $98.00 price target (down from $100.00) on shares of SEI Investments in a report on Thursday, July 24th. Three equities research analysts have rated the stock with a Buy rating and three have issued a Hold rating to the stock. According to MarketBeat, SEI Investments has a consensus rating of "Moderate Buy" and a consensus price target of $102.00.

About SEI Investments

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.