SEI Investments Company (NASDAQ:SEIC) Holdings Increased by Asset Management One Co. Ltd.

Asset Management One Co. Ltd. boosted its position in SEI Investments Company (NASDAQ:SEIC - Free Report) by 14.9% in the first quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 51,077 shares of the asset manager's stock after purchasing an additional 6,612 shares during the period. Asset Management One Co. Ltd.'s holdings in SEI Investments were worth $3,965,000 as of its most recent SEC filing.

Several other hedge funds also recently modified their holdings of SEIC. King Luther Capital Management Corp acquired a new stake in shares of SEI Investments during the fourth quarter worth $2,645,000. Farther Finance Advisors LLC boosted its holdings in shares of SEI Investments by 104.3% in the first quarter. Farther Finance Advisors LLC now owns 1,334 shares of the asset manager's stock worth $103,000 after buying an additional 681 shares during the period. Boston Trust Walden Corp grew its position in 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 purchasing an additional 19,150 shares in the last quarter. New York Life Investment Management LLC acquired a new stake in SEI Investments during the 4th quarter valued at $863,000. Finally, Bank of New York Mellon Corp raised its stake in SEI Investments by 4.1% during the 4th quarter. Bank of New York Mellon Corp now owns 1,171,743 shares of the asset manager's stock valued at $96,645,000 after purchasing an additional 46,425 shares during the period. 70.59% of the stock is currently owned by institutional investors and hedge funds.

SEI Investments Stock Performance

NASDAQ:SEIC opened at $89.56 on Monday. The company has a market capitalization of $11.15 billion, a P/E ratio of 19.47, a P/E/G ratio of 1.59 and a beta of 0.91. The stock's 50 day moving average price is $82.71 and its 200 day moving average price is $80.59. SEI Investments Company has a 52 week low of $62.38 and a 52 week high of $90.52.

SEI Investments (NASDAQ:SEIC - Get Free Report) last released its quarterly earnings results on Wednesday, April 23rd. The asset manager reported $1.17 earnings per share for the quarter, beating analysts' consensus estimates of $1.12 by $0.05. The business had revenue of $551.34 million for the quarter, compared to the consensus estimate of $556.76 million. SEI Investments had a net margin of 27.77% and a return on equity of 26.40%. SEI Investments's revenue for the quarter was up 7.8% on a year-over-year basis. During the same quarter last year, the firm earned $0.99 EPS. As a group, sell-side analysts forecast that SEI Investments Company will post 4.86 earnings per share for the current fiscal year.

SEI Investments Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Tuesday, June 17th. Stockholders of record on Monday, June 9th were issued a dividend of $0.49 per share. The ex-dividend date of this dividend was Monday, June 9th. This is a positive change from SEI Investments's previous quarterly dividend of $0.46. This represents a $1.96 dividend on an annualized basis and a dividend yield of 2.19%. SEI Investments's payout ratio is 21.30%.

SEI Investments declared that its Board of Directors has approved a share repurchase program on Tuesday, March 18th that allows the company to buyback $500.00 million in shares. This buyback authorization allows the asset manager to buy up to 5.3% of its stock through open market purchases. Stock buyback programs are usually an indication that the company's leadership believes its shares are undervalued.

Analysts Set New Price Targets

A number of research analysts have recently weighed in on the company. Oppenheimer reiterated an "outperform" rating on shares of SEI Investments in a report on Thursday, April 24th. William Blair reaffirmed a "market perform" rating on shares of SEI Investments in a research note on Thursday, April 24th. Keefe, Bruyette & Woods upped their target price on SEI Investments from $80.00 to $84.00 and gave the company a "market perform" rating in a report on Friday, April 25th. Morgan Stanley reaffirmed an "overweight" rating and set a $100.00 price objective (up from $84.00) on shares of SEI Investments in a research report on Thursday. Finally, Wall Street Zen upgraded shares of SEI Investments from a "hold" rating to a "buy" rating in a research report on Tuesday, May 20th. Three investment analysts have rated the stock with a hold rating and four have assigned a buy rating to the stock. According to MarketBeat, the stock currently has an average rating of "Moderate Buy" and a consensus price target of $91.20.

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 on Thursday, May 29th. The shares were sold at an average price of $84.28, for a total transaction of $5,573,099.28. Following the sale, the chairman now owns 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 filing with the Securities & Exchange Commission, which is available at this link. Also, insider Sanjay Sharma sold 20,000 shares of the firm's stock in a transaction dated Wednesday, May 14th. The stock was sold at an average price of $83.40, for a total transaction of $1,668,000.00. Following the transaction, the insider now directly owns 23,895 shares of the company's stock, valued at $1,992,843. The trade was a 45.56% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 232,126 shares of company stock worth $19,638,659 over the last three months. 14.30% of the stock is currently 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.

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