Natixis Advisors LLC Sells 10,182 Shares of SEI Investments Company (NASDAQ:SEIC)

Key Points

• Natixis Advisors LLC reduced its stake in SEI Investments by 1.9% in the 1st quarter, now holding approximately 538,464 shares worth $41.80 million.
• Multiple hedge funds significantly increased their stakes in SEI Investments, with Cullen Frost Bankers Inc. boosting its investment by 1,563.4% during the same period.
• SEI Investments recently announced a quarterly dividend of $0.49 per share, reflecting a 2.2% dividend yield and an increase from the previous dividend of $0.46.

Natixis Advisors LLC decreased its position in SEI Investments Company (NASDAQ:SEIC - Free Report) by 1.9% in the first quarter, according to its most recent Form 13F filing with the SEC. The firm owned 538,464 shares of the asset manager's stock after selling 10,182 shares during the period. Natixis Advisors LLC owned 0.43% of SEI Investments worth $41,800,000 at the end of the most recent quarter.

A number of other large investors have also recently modified their holdings of SEIC. Geode Capital Management LLC grew its holdings in shares of SEI Investments by 2.4% during the fourth quarter. Geode Capital Management LLC now owns 2,580,737 shares of the asset manager's stock valued at $212,589,000 after buying an additional 60,307 shares during the last quarter. Boston Trust Walden Corp boosted its stake in shares of SEI Investments by 1.5% during the 1st quarter. Boston Trust Walden Corp now owns 1,325,479 shares of the asset manager's stock worth $102,897,000 after acquiring an additional 19,150 shares in the last quarter. FMR LLC boosted its stake in shares of SEI Investments by 39.3% during the 4th quarter. FMR LLC now owns 1,233,225 shares of the asset manager's stock worth $101,716,000 after acquiring an additional 348,112 shares in the last quarter. Northern Trust Corp boosted its stake in shares of SEI Investments by 20.9% during the 4th quarter. Northern Trust Corp now owns 1,068,181 shares of the asset manager's stock worth $88,104,000 after acquiring an additional 184,339 shares in the last quarter. Finally, UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC boosted its stake in shares of 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 worth $62,358,000 after acquiring an additional 209,850 shares in the last quarter. Hedge funds and other institutional investors own 70.59% of the company's stock.

Insider Transactions at SEI Investments

In other SEI Investments news, Chairman Alfred P. West, Jr. sold 66,126 shares of SEI Investments stock in a transaction that occurred on Thursday, May 29th. The shares were 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 directly owned 6,937,582 shares in the company, valued at $584,699,410.96. The trade was a 0.94% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, CEO Ryan Hicke sold 21,000 shares of SEI Investments stock in a transaction that occurred on Wednesday, May 14th. The shares were sold at an average price of $83.36, for a total transaction of $1,750,560.00. Following the completion of the transaction, the chief executive officer directly owned 171,260 shares in the company, valued at approximately $14,276,233.60. This represents a 10.92% decrease in their position. The disclosure for this sale can be found here. Over the last three months, insiders sold 237,126 shares of company stock valued at $20,082,409. Insiders own 14.60% of the company's stock.

Wall Street Analyst Weigh In

Several brokerages have commented on SEIC. Wall Street Zen raised shares of SEI Investments from a "hold" rating to a "buy" rating in a research report on Tuesday, May 20th. William Blair reaffirmed a "market perform" rating on shares of SEI Investments in a report on Thursday, April 24th. 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. Piper Sandler reduced their price objective on shares of SEI Investments from $96.00 to $93.00 and set a "neutral" rating on the stock in a research note 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 research note on Thursday, June 26th. Three research analysts have rated the stock with a hold rating and four have given a buy rating to the company. According to MarketBeat, the company has an average rating of "Moderate Buy" and a consensus target price of $102.00.

SEI Investments Stock Performance

Shares of SEI Investments stock traded down $0.56 during trading hours on Tuesday, reaching $87.78. The company's stock had a trading volume of 272,179 shares, compared to its average volume of 868,041. The company's 50 day simple moving average is $88.10 and its 200 day simple moving average is $82.13. SEI Investments Company has a one year low of $62.94 and a one year high of $93.96. The stock has a market cap of $10.85 billion, a P/E ratio of 16.48, a price-to-earnings-growth 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 for the quarter, beating the consensus estimate of $1.18 by $0.60. The firm had revenue of $559.60 million for the quarter, compared to the consensus estimate 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 firm posted $1.05 EPS. On average, sell-side analysts predict that SEI Investments Company will post 4.86 earnings per share for the current fiscal year.

SEI Investments Increases Dividend

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