Dimensional Fund Advisors LP Purchases 111,065 Shares of SEI Investments Company $SEIC

Key Points

• Dimensional Fund Advisors LP increased its stake in SEI Investments Company by 6.8% in Q1, now holding 1.39% of the firm, valued at approximately $134.49 million.
• SEI Investments recently announced a quarterly dividend of $0.49 per share, an increase from its previous dividend of $0.46, representing an annualized yield of 2.2%.
• Insider selling activity increased, with Chairman Alfred P. West, Jr. selling 75,000 shares for over $6.4 million, reflecting a 1.06% decrease in his ownership of the company.

Dimensional Fund Advisors LP increased its position in shares of SEI Investments Company (NASDAQ:SEIC - Free Report) by 6.8% during the first quarter, according to its most recent Form 13F filing with the SEC. The firm owned 1,732,511 shares of the asset manager's stock after buying an additional 111,065 shares during the period. Dimensional Fund Advisors LP owned about 1.39% of SEI Investments worth $134,487,000 at the end of the most recent reporting period.

Other hedge funds also recently added to or reduced their stakes in the company. Sumitomo Mitsui DS Asset Management Company Ltd boosted its holdings in shares of SEI Investments by 59.9% in the first quarter. Sumitomo Mitsui DS Asset Management Company Ltd now owns 12,553 shares of the asset manager's stock valued at $974,000 after acquiring an additional 4,701 shares during the period. Janney Montgomery Scott LLC acquired a new stake in shares of SEI Investments during the first quarter worth $206,000. LPL Financial LLC lifted its holdings in shares of SEI Investments by 6.0% during the first quarter. LPL Financial LLC now owns 93,455 shares of the asset manager's stock worth $7,255,000 after purchasing an additional 5,291 shares during the period. Deutsche Bank AG lifted its holdings in shares of SEI Investments by 41.9% during the first quarter. Deutsche Bank AG now owns 216,212 shares of the asset manager's stock worth $16,785,000 after purchasing an additional 63,810 shares during the period. Finally, Wealth Enhancement Advisory Services LLC lifted its holdings in shares of SEI Investments by 41.6% during the first quarter. Wealth Enhancement Advisory Services LLC now owns 21,301 shares of the asset manager's stock worth $1,654,000 after purchasing an additional 6,261 shares during the period. 70.59% of the stock is currently owned by hedge funds and other institutional investors.

Insider Activity

In related news, insider Mark Andrew Warner sold 5,000 shares of the stock in a transaction dated Tuesday, July 29th. The stock was sold at an average price of $88.75, for a total value of $443,750.00. Following the completion of the sale, the insider directly owned 1,300 shares of the company's stock, valued at approximately $115,375. This represents a 79.37% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CEO Ryan Hicke sold 35,000 shares of the company's stock in a transaction dated 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 transaction, the chief executive officer directly owned 171,260 shares in the company, valued at approximately $15,122,258. The trade was a 16.97% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders sold 181,126 shares of company stock worth $15,540,849. 14.30% of the stock is currently owned by insiders.

Analyst Ratings Changes

SEIC has been the subject of several research analyst reports. Wall Street Zen upgraded SEI Investments from a "hold" rating to a "buy" rating in a research report on Tuesday, May 20th. Morgan Stanley reiterated an "overweight" rating and issued a $100.00 price objective (up previously from $84.00) on shares of SEI Investments in a research report on Thursday, June 26th. Raymond James Financial raised their price target on SEI Investments from $115.00 to $118.00 and gave the company an "outperform" rating in a research report on Thursday, July 24th. Piper Sandler dropped their price target on SEI Investments from $96.00 to $93.00 and set a "neutral" rating for the company in a research report on Thursday, July 24th. Finally, Keefe, Bruyette & Woods restated a "market perform" rating and issued a $98.00 price target (down previously from $100.00) on shares of SEI Investments in a research report on Thursday, July 24th. Three analysts have rated the stock with a Buy rating and three have given a Hold rating to the company. According to MarketBeat, the stock currently has an average rating of "Moderate Buy" and a consensus target price of $102.00.

SEI Investments Trading Up 0.5%

SEIC traded up $0.41 during midday trading on Tuesday, hitting $90.04. The company's stock had a trading volume of 178,623 shares, compared to its average volume of 839,454. The firm has a market cap of $11.13 billion, a P/E ratio of 16.89, a PEG ratio of 1.40 and a beta of 0.95. The firm has a 50-day moving average price of $89.20 and a two-hundred day moving average price of $82.48. SEI Investments Company has a 52-week low of $64.66 and a 52-week high of $93.96.

SEI Investments (NASDAQ:SEIC - Get Free Report) last released its quarterly earnings data on Wednesday, July 23rd. The asset manager reported $1.78 earnings per share for the quarter, beating the consensus estimate of $1.18 by $0.60. The business had revenue of $559.60 million for 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%.The company's revenue was up 7.8% compared to the same quarter last year. During the same period in the previous year, the company posted $1.05 EPS. On average, equities analysts expect that SEI Investments Company will post 4.86 EPS for the current year.

SEI Investments Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Tuesday, June 17th. Stockholders of record on Monday, June 9th were issued a $0.49 dividend. This is a positive change from SEI Investments's previous quarterly dividend of $0.46. The ex-dividend date was Monday, June 9th. This represents a $1.96 dividend on an annualized basis and a dividend yield of 2.2%. SEI Investments's dividend payout ratio (DPR) is presently 18.39%.

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.