SEI Investments Company (NASDAQ:SEIC) Shares Sold by Invesco Ltd.

Invesco Ltd. lessened its stake in SEI Investments Company (NASDAQ:SEIC - Free Report) by 24.5% in the 1st quarter, according to its most recent filing with the 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 about 1.37% of SEI Investments worth $132,201,000 at the end of the most recent quarter.

Other institutional investors have also recently added to or reduced their stakes in the company. Versant Capital Management Inc increased its holdings in SEI Investments by 156.1% in the 1st 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 during the last quarter. First Horizon Advisors Inc. increased its holdings in SEI Investments by 38.9% in the 1st 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 during the last quarter. Farther Finance Advisors LLC increased its holdings in SEI Investments by 104.3% in the 1st 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 during the last quarter. Cullen Frost Bankers Inc. increased its holdings in SEI Investments by 1,563.4% in the 1st 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 during the last quarter. Finally, Harel Insurance Investments & Financial Services Ltd. acquired a new stake in SEI Investments in the 1st quarter valued at approximately $132,000. Institutional investors and hedge funds own 70.59% of the company's stock.

Insider Buying and Selling at SEI Investments

In related news, Chairman Alfred P. West, Jr. sold 66,126 shares of the business's 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 directly owned 6,937,582 shares of the company's stock, valued at $584,699,410.96. The trade was a 0.94% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. 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 directly owned 1,300 shares of the company's stock, valued at approximately $115,375. This trade represents a 79.37% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 146,126 shares of company stock valued at $12,450,349. Corporate insiders own 14.60% of the company's stock.

Wall Street Analyst Weigh In

SEIC has been the subject of several research reports. William Blair restated a "market perform" rating on shares of SEI Investments in a research note on Thursday, April 24th. Keefe, Bruyette & Woods restated 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. Morgan Stanley restated an "overweight" rating and issued a $100.00 price target (up previously from $84.00) on shares of SEI Investments in a research note on Thursday, June 26th. Piper Sandler dropped their price target on shares of SEI Investments from $96.00 to $93.00 and set a "neutral" rating for the company in a research note on Thursday, July 24th. Finally, Oppenheimer boosted their price target on shares of SEI Investments from $96.00 to $101.00 and gave the stock an "outperform" rating in a research note on Tuesday, July 8th. Three equities research analysts have rated the stock with a hold rating and four have assigned a buy rating to the stock. According to data from MarketBeat.com, the company presently has an average rating of "Moderate Buy" and a consensus price target of $102.00.

SEI Investments Trading Up 0.3%

SEI Investments stock opened at $88.81 on Friday. The stock has a market cap of $10.98 billion, a P/E ratio of 16.66, a price-to-earnings-growth ratio of 1.41 and a beta of 0.95. The company has a fifty day simple moving average of $88.55 and a 200-day simple moving average of $82.37. SEI Investments Company has a 12-month low of $64.66 and a 12-month high of $93.96.

SEI Investments (NASDAQ:SEIC - Get Free Report) last released its quarterly earnings data 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 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% on a year-over-year basis. During the same period in the previous year, the company earned $1.05 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 company also recently disclosed a quarterly dividend, which was paid on Tuesday, June 17th. Stockholders of record on Monday, June 9th were given a dividend of $0.49 per share. This is an increase from SEI Investments's previous quarterly dividend of $0.46. The ex-dividend date of this dividend was Monday, June 9th. This represents a $1.96 annualized dividend and a dividend yield of 2.2%. SEI Investments's dividend payout ratio is presently 18.39%.

About SEI Investments

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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