Charles Schwab Investment Management Inc. Has $52.14 Million Position in SEI Investments Company $SEIC

Key Points

• Charles Schwab Investment Management Inc. increased its stake in SEI Investments Company by 0.5%, owning approximately 671,672 shares valued at $52.14 million as of the latest quarter.
• SEI Investments recently reported $1.78 earnings per share for the last quarter, surpassing analysts' expectations of $1.18, with net revenue rising to $559.60 million.
• The company declared an increased quarterly dividend of $0.49 per share, up from the previous dividend of $0.46, indicating a positive growth trajectory for its investors.

Charles Schwab Investment Management Inc. lifted its stake in shares of SEI Investments Company (NASDAQ:SEIC - Free Report) by 0.5% during the first quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 671,672 shares of the asset manager's stock after purchasing an additional 3,339 shares during the period. Charles Schwab Investment Management Inc. owned approximately 0.54% of SEI Investments worth $52,142,000 at the end of the most recent reporting period.

A number of other large investors also recently modified their holdings of the stock. GAMMA Investing LLC lifted its holdings in SEI Investments by 9,563.5% in the first 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 during the period. Caisse DE Depot ET Placement DU Quebec lifted its holdings in SEI Investments by 108.7% in the fourth 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 during the period. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC lifted its holdings 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 buying an additional 209,850 shares during the period. Northern Trust Corp lifted its holdings 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 buying an additional 184,339 shares during the period. Finally, Prana Capital Management LP lifted its holdings in SEI Investments by 51.9% in the fourth quarter. Prana Capital Management LP now owns 299,013 shares of the asset manager's stock valued at $24,663,000 after buying an additional 102,197 shares during the period. 70.59% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Several equities analysts recently weighed in on the stock. Keefe, Bruyette & Woods restated a "market perform" rating and issued a $98.00 price objective (down from $100.00) on shares of SEI Investments in a report on Thursday, July 24th. William Blair restated a "market perform" rating on shares of SEI Investments in a report on Thursday, April 24th. Piper Sandler lowered their target price on shares of SEI Investments from $96.00 to $93.00 and set a "neutral" rating for the company in a research note on Thursday, July 24th. Wall Street Zen raised shares of SEI Investments from a "hold" rating to a "buy" rating in a research note on Tuesday, May 20th. 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 research note on Thursday, July 24th. Three research analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the company. Based on data from MarketBeat, the company currently has an average rating of "Moderate Buy" and a consensus price target of $102.00.

SEI Investments Trading Down 0.3%

Shares of SEIC stock traded down $0.26 during trading hours on Thursday, hitting $88.14. 440,641 shares of the company were exchanged, compared to its average volume of 811,640. The business has a 50 day moving average of $88.94 and a two-hundred day moving average of $82.48. SEI Investments Company has a 52 week low of $64.66 and a 52 week high of $93.96. The company has a market capitalization of $10.90 billion, a PE ratio of 16.54, a PEG ratio of 1.37 and a beta of 0.95.

SEI Investments (NASDAQ:SEIC - Get Free Report) last issued its quarterly earnings data 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. SEI Investments had a net margin of 31.25% and a return on equity of 29.96%. The company had revenue of $559.60 million during the quarter, compared to the consensus estimate of $550.72 million. During the same quarter in the prior year, the firm earned $1.05 earnings per share. The firm's revenue was up 7.8% compared to the same quarter last year. On average, research analysts forecast that SEI Investments Company will post 4.86 EPS for the current year.

SEI Investments Increases Dividend

The firm also recently announced 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. The ex-dividend date was Monday, June 9th. This is a positive change from SEI Investments's previous quarterly dividend of $0.46. This represents a $1.96 annualized dividend and a yield of 2.2%. 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 stock in a transaction 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 completion of the sale, the insider owned 1,300 shares in the company, valued at $115,375. This trade represents a 79.37% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, Chairman Alfred P. West, Jr. sold 75,000 shares of the stock in a transaction on Wednesday, May 28th. The shares were sold at an average price of $85.78, for a total transaction of $6,433,500.00. Following the completion of the sale, the chairman owned 7,003,708 shares of the company's stock, valued at approximately $600,778,072.24. This represents a 1.06% decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 181,126 shares of company stock worth $15,540,849. 14.60% of the stock is owned by insiders.

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.