4,491 Shares in SEI Investments Company (NASDAQ:SEIC) Purchased by S Bank Fund Management Ltd

Key Points

• S Bank Fund Management Ltd acquired a new stake in SEI Investments Company, purchasing 4,491 shares worth approximately $349,000 in the first quarter.
• SEI Investments reported $1.78 earnings per share for the last quarter, significantly exceeding consensus estimates of $1.18, along with a revenue of $559.60 million.
• The company recently declared an increased quarterly dividend of $0.49 per share, representing a yield of 2.2% and a payout ratio of 18.39%.

S Bank Fund Management Ltd purchased a new stake in SEI Investments Company (NASDAQ:SEIC - Free Report) during the first quarter, according to the company in its most recent filing with the SEC. The firm purchased 4,491 shares of the asset manager's stock, valued at approximately $349,000.

Several other institutional investors also recently made changes to their positions in the stock. Meiji Yasuda Life Insurance Co grew its stake in shares of SEI Investments by 3.6% during the fourth quarter. Meiji Yasuda Life Insurance Co now owns 4,591 shares of the asset manager's stock valued at $379,000 after acquiring an additional 160 shares in the last quarter. Concurrent Investment Advisors LLC increased its stake in SEI Investments by 2.9% during the first quarter. Concurrent Investment Advisors LLC now owns 5,600 shares of the asset manager's stock valued at $435,000 after purchasing an additional 160 shares during the last quarter. GHE LLC lifted its holdings in SEI Investments by 2.0% in the fourth quarter. GHE LLC now owns 9,126 shares of the asset manager's stock worth $753,000 after acquiring an additional 183 shares during the last quarter. iA Global Asset Management Inc. grew its stake in SEI Investments by 12.4% during the 1st quarter. iA Global Asset Management Inc. now owns 1,835 shares of the asset manager's stock worth $142,000 after buying an additional 202 shares during the last quarter. Finally, CWM LLC increased its holdings in shares of SEI Investments by 0.4% in the 1st quarter. CWM LLC now owns 54,828 shares of the asset manager's stock worth $4,256,000 after acquiring an additional 216 shares during the period. 70.59% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

Several research analysts have recently issued reports on SEIC shares. Keefe, Bruyette & Woods reissued a "market perform" rating and issued a $98.00 price target (down previously from $100.00) on shares of SEI Investments in a research note on Thursday, July 24th. Wall Street Zen upgraded shares of SEI Investments from a "hold" rating to a "buy" rating in a research report on Tuesday, May 20th. William Blair restated a "market perform" rating on shares of SEI Investments in a research report on Thursday, April 24th. Piper Sandler lowered their target price on SEI Investments from $96.00 to $93.00 and set a "neutral" rating on the stock in a report on Thursday, July 24th. Finally, Raymond James Financial increased 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. Three research analysts have rated the stock with a hold rating and four have assigned a buy rating to the stock. According to MarketBeat, the company presently has a consensus rating of "Moderate Buy" and an average price target of $102.00.

SEI Investments Trading Down 0.7%

SEIC traded down $0.62 on Friday, hitting $88.19. 750,963 shares of the stock traded hands, compared to its average volume of 878,062. The business has a fifty day moving average price of $88.60 and a two-hundred day moving average price of $82.39. The firm has a market capitalization of $10.90 billion, a PE ratio of 16.55, a P/E/G ratio of 1.37 and a beta of 0.95. 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 announced its quarterly earnings results on Wednesday, July 23rd. The asset manager reported $1.78 earnings per share (EPS) 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 analyst estimates of $550.72 million. SEI Investments had a net margin of 31.25% and a return on equity of 29.96%. The business's revenue for the quarter was up 7.8% on a year-over-year basis. During the same quarter in the previous year, the firm posted $1.05 EPS. On average, equities research analysts forecast that SEI Investments Company will post 4.86 EPS for the current fiscal year.

SEI Investments Increases Dividend

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

Insider Buying and Selling at SEI Investments

In other SEI Investments news, Chairman Alfred P. West, Jr. sold 66,126 shares of the stock in a transaction on Thursday, May 29th. The stock was sold at an average price of $84.28, for a total transaction of $5,573,099.28. Following the completion of the transaction, the chairman directly owned 6,937,582 shares in the company, valued at $584,699,410.96. This represents a 0.94% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, insider Mark Andrew Warner sold 5,000 shares of the business's stock in a transaction on Tuesday, July 29th. The shares were sold at an average price of $88.75, for a total transaction of $443,750.00. Following the completion of the sale, the insider owned 1,300 shares in the company, valued at $115,375. This represents a 79.37% decrease in their position. The disclosure for this sale can be found here. In the last ninety days, insiders sold 146,126 shares of company stock worth $12,450,349. 14.60% of the stock is owned by insiders.

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.