Universal Beteiligungs und Servicegesellschaft mbH Acquires 15,207 Shares of SEI Investments Company (NASDAQ:SEIC)

Key Points

• Universal Beteiligungs und Servicegesellschaft mbH increased its stake in SEI Investments by 21.2%, owning a total of 86,951 shares valued at approximately $6.75 million after acquiring additional shares in the first quarter.
• Insider selling activity included the sale of 50,000 shares by EVP Michael Peterson and 66,126 shares by Chairman Alfred P. West, Jr., indicating a significant decrease in their holdings.
• SEI Investments recently disclosed a quarterly dividend increase to $0.49 per share, up from $0.46, reflecting a dividend yield of 2.18%.

Universal Beteiligungs und Servicegesellschaft mbH raised its position in SEI Investments Company (NASDAQ:SEIC - Free Report) by 21.2% in the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 86,951 shares of the asset manager's stock after purchasing an additional 15,207 shares during the quarter. Universal Beteiligungs und Servicegesellschaft mbH owned 0.07% of SEI Investments worth $6,750,000 as of its most recent SEC filing.

Several other large investors have also recently bought and sold shares of SEIC. Meiji Yasuda Life Insurance Co increased its stake in shares of SEI Investments by 3.6% in the fourth quarter. Meiji Yasuda Life Insurance Co now owns 4,591 shares of the asset manager's stock valued at $379,000 after buying an additional 160 shares during the period. Concurrent Investment Advisors LLC increased its stake in shares of SEI Investments by 2.9% in the first quarter. Concurrent Investment Advisors LLC now owns 5,600 shares of the asset manager's stock valued at $435,000 after buying an additional 160 shares during the period. GHE LLC increased its stake in shares of SEI Investments by 2.0% in the fourth quarter. GHE LLC now owns 9,126 shares of the asset manager's stock valued at $753,000 after buying an additional 183 shares during the period. CWM LLC increased its stake in shares of SEI Investments by 0.4% in the first quarter. CWM LLC now owns 54,828 shares of the asset manager's stock valued at $4,256,000 after buying an additional 216 shares during the period. Finally, First Horizon Advisors Inc. increased its stake in shares of SEI Investments by 38.9% in the first quarter. First Horizon Advisors Inc. now owns 803 shares of the asset manager's stock valued at $62,000 after buying an additional 225 shares during the period. 70.59% of the stock is currently owned by institutional investors.

Insiders Place Their Bets

In other news, insider Sanjay Sharma sold 20,000 shares of the firm's stock in a transaction that occurred on Wednesday, May 14th. The stock was sold at an average price of $83.40, for a total value of $1,668,000.00. Following the transaction, the insider owned 23,895 shares in the company, valued at $1,992,843. This trade represents a 45.56% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, CEO Ryan Hicke sold 21,000 shares of the firm's stock in a transaction that occurred on Wednesday, May 14th. The shares were sold at an average price of $83.36, for a total value of $1,750,560.00. Following the completion of the transaction, the chief executive officer owned 171,260 shares in the company, valued at $14,276,233.60. This represents a 10.92% decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders have sold 237,126 shares of company stock valued at $20,082,409. 14.60% of the stock is currently owned by corporate insiders.

SEI Investments Stock Up 0.1%

NASDAQ:SEIC traded up $0.11 on Wednesday, hitting $88.57. The stock had a trading volume of 887,584 shares, compared to its average volume of 928,244. The business's fifty day moving average is $87.89 and its 200 day moving average is $82.00. The company has a market cap of $10.95 billion, a PE ratio of 16.62, a P/E/G ratio of 1.41 and a beta of 0.92. SEI Investments Company has a 52 week low of $62.38 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, topping 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 quarterly revenue was up 7.8% on a year-over-year basis. During the same quarter in the prior year, the company earned $1.05 earnings per share. Equities analysts predict that SEI Investments Company will post 4.86 earnings per share for the current fiscal year.

SEI Investments Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Tuesday, June 17th. Shareholders of record on Monday, June 9th were issued a $0.49 dividend. The ex-dividend date was Monday, June 9th. This represents a $1.96 annualized dividend and a yield of 2.21%. This is a positive change from SEI Investments's previous quarterly dividend of $0.46. SEI Investments's dividend payout ratio is presently 18.39%.

Analysts Set New Price Targets

Several equities research analysts have recently weighed in on the company. Piper Sandler decreased their price target on SEI Investments from $96.00 to $93.00 and set a "neutral" rating for the company in a research note on Thursday, July 24th. Oppenheimer increased their price target on SEI Investments from $96.00 to $101.00 and gave the company an "outperform" rating in a research note on Tuesday, July 8th. Keefe, Bruyette & Woods reaffirmed a "market perform" rating and set a $98.00 target price (down previously from $100.00) on shares of SEI Investments in a research note on Thursday, July 24th. Wall Street Zen raised SEI Investments from a "hold" rating to a "buy" rating in a research note on Tuesday, May 20th. Finally, Morgan Stanley reaffirmed an "overweight" rating and set a $100.00 target price (up previously from $84.00) on shares of SEI Investments in a research note on Thursday, June 26th. Three investment analysts have rated the stock with a hold rating and four have issued a buy rating to the company. According to MarketBeat, SEI Investments currently has a consensus rating of "Moderate Buy" and a consensus price target of $102.00.

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.