Invesco Ltd. Has $132.20 Million Stock Holdings in SEI Investments Company $SEIC

Key Points

• Invesco Ltd. has reduced its stake in SEI Investments by 24.5%, selling 552,075 shares and now holding approximately 1.37% of the company, valued at $132.2 million.
• Insider selling activity included the Chairman Alfred P. West, Jr. selling 66,126 shares, resulting in a 0.94% decrease in their ownership, while insiders have sold a total of 146,126 shares valued at $12.45 million recently.
• Analysts have positive sentiment towards SEI Investments, with several brokerage firms increasing their target prices, and an average consensus rating of "Moderate Buy" with a price target of $102.00.

Invesco Ltd. trimmed its holdings in shares of SEI Investments Company (NASDAQ:SEIC - Free Report) by 24.5% in the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 1,702,962 shares of the asset manager's stock after selling 552,075 shares during the period. Invesco Ltd. owned 1.37% of SEI Investments worth $132,201,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also modified their holdings of the company. Versant Capital Management Inc increased its stake in SEI Investments by 156.1% in the first quarter. Versant Capital Management Inc now owns 543 shares of the asset manager's stock valued at $42,000 after purchasing an additional 331 shares in the last quarter. First Horizon Advisors Inc. increased its stake in 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 purchasing an additional 225 shares in the last quarter. Farther Finance Advisors LLC increased its stake in SEI Investments by 104.3% in the first quarter. Farther Finance Advisors LLC now owns 1,334 shares of the asset manager's stock valued at $103,000 after purchasing an additional 681 shares in the last quarter. Cullen Frost Bankers Inc. increased its stake in SEI Investments by 1,563.4% in the first quarter. Cullen Frost Bankers Inc. now owns 1,364 shares of the asset manager's stock valued at $106,000 after purchasing an additional 1,282 shares in the last quarter. Finally, Harel Insurance Investments & Financial Services Ltd. bought a new stake in SEI Investments in the first quarter valued at approximately $132,000. 70.59% of the stock is owned by institutional investors.

SEI Investments Stock Down 0.4%

SEIC traded down $0.32 during trading hours on Tuesday, hitting $88.30. 121,512 shares of the company's stock were exchanged, compared to its average volume of 848,858. SEI Investments Company has a 1-year low of $64.66 and a 1-year high of $93.96. The stock's 50-day moving average is $88.68 and its two-hundred day moving average is $82.38. The stock has a market cap of $10.92 billion, a price-to-earnings ratio of 16.57, a PEG ratio of 1.37 and a beta of 0.95.

SEI Investments (NASDAQ:SEIC - Get Free Report) last announced its quarterly earnings results on Wednesday, July 23rd. The asset manager reported $1.78 EPS for the quarter, beating analysts' consensus estimates of $1.18 by $0.60. The firm had revenue of $559.60 million during the quarter, compared to analysts' expectations of $550.72 million. SEI Investments had a net margin of 31.25% and a return on equity of 29.96%. The company's revenue for the quarter was up 7.8% compared to the same quarter last year. During the same quarter last year, the company posted $1.05 earnings per share. On average, equities research analysts anticipate 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. Shareholders of record on Monday, June 9th were paid a $0.49 dividend. This is an increase from SEI Investments's previous quarterly dividend of $0.46. This represents a $1.96 dividend on an annualized basis and a yield of 2.2%. The ex-dividend date was Monday, June 9th. SEI Investments's dividend payout ratio is 18.39%.

Analyst Upgrades and Downgrades

Several brokerages have commented on SEIC. Raymond James Financial upped their target price on shares of SEI Investments from $115.00 to $118.00 and gave the company an "outperform" rating in a research note on Thursday, July 24th. Oppenheimer increased their price objective on shares of SEI Investments from $96.00 to $101.00 and gave the stock an "outperform" rating in a research report on Tuesday, July 8th. Wall Street Zen raised shares of SEI Investments from a "hold" rating to a "buy" rating in a research report on Tuesday, May 20th. Keefe, Bruyette & Woods reissued a "market perform" rating and set a $98.00 price objective (down previously from $100.00) on shares of SEI Investments in a research report 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 report on Thursday, June 26th. Three analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the stock. According to MarketBeat, SEI Investments currently has an average rating of "Moderate Buy" and a consensus price target of $102.00.

Insiders Place Their Bets

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 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 owned 6,937,582 shares in the company, valued at $584,699,410.96. This trade represents a 0.94% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, insider Mark Andrew Warner sold 5,000 shares of the 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 of the company's stock, valued at approximately $115,375. This represents a 79.37% decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders sold 146,126 shares of company stock valued at $12,450,349. Corporate insiders own 14.30% of the company's stock.

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.