SG Americas Securities LLC Decreases Stock Holdings in SEI Investments Company (NASDAQ:SEIC)

SG Americas Securities LLC decreased its stake in SEI Investments Company (NASDAQ:SEIC - Free Report) by 77.9% during the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 5,488 shares of the asset manager's stock after selling 19,311 shares during the quarter. SG Americas Securities LLC's holdings in SEI Investments were worth $426,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Geode Capital Management LLC grew its stake in shares of SEI Investments by 2.4% during the 4th quarter. Geode Capital Management LLC now owns 2,580,737 shares of the asset manager's stock worth $212,589,000 after acquiring an additional 60,307 shares in the last quarter. FMR LLC lifted its stake in shares of SEI Investments by 39.3% during the 4th quarter. FMR LLC now owns 1,233,225 shares of the asset manager's stock worth $101,716,000 after buying an additional 348,112 shares during the last quarter. Bank of New York Mellon Corp boosted its holdings in shares of SEI Investments by 4.1% during the fourth quarter. Bank of New York Mellon Corp now owns 1,171,743 shares of the asset manager's stock worth $96,645,000 after acquiring an additional 46,425 shares during the period. Northern Trust Corp increased its position in SEI Investments by 20.9% during the 4th quarter. Northern Trust Corp now owns 1,068,181 shares of the asset manager's stock worth $88,104,000 after buying an additional 184,339 shares during the period. Finally, UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC grew its stake in shares of SEI Investments by 38.4% in the fourth quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 756,037 shares of the asset manager's stock valued at $62,358,000 after acquiring an additional 209,850 shares in the last quarter. Institutional investors own 70.59% of the company's stock.

SEI Investments Price Performance

Shares of NASDAQ SEIC traded up $0.30 during midday trading on Friday, reaching $89.56. The company's stock had a trading volume of 1,105,407 shares, compared to its average volume of 737,964. The stock has a market capitalization of $11.15 billion, a P/E ratio of 19.47, a PEG ratio of 1.54 and a beta of 0.91. The firm has a 50 day moving average price of $82.35 and a 200-day moving average price of $80.64. SEI Investments Company has a 12-month low of $62.38 and a 12-month high of $91.21.

SEI Investments (NASDAQ:SEIC - Get Free Report) last announced its quarterly earnings data on Wednesday, April 23rd. The asset manager reported $1.17 EPS for the quarter, topping the consensus estimate of $1.12 by $0.05. The business had revenue of $551.34 million for the quarter, compared to analyst estimates of $556.76 million. SEI Investments had a net margin of 27.77% and a return on equity of 26.40%. The company'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 $0.99 earnings per share. On average, equities analysts predict that SEI Investments Company will post 4.86 EPS for the current 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 $0.49 dividend. 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%. The ex-dividend date of this dividend was Monday, June 9th. SEI Investments's dividend payout ratio (DPR) is 21.30%.

SEI Investments declared that its board has authorized a stock repurchase plan on Tuesday, March 18th that permits the company to buyback $500.00 million in shares. This buyback authorization permits the asset manager to buy up to 5.3% of its stock through open market purchases. Stock buyback plans are generally a sign that the company's board of directors believes its stock is undervalued.

Analysts Set New Price Targets

Several brokerages have weighed in on SEIC. Oppenheimer reaffirmed 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 lifted their target price on shares of SEI Investments from $80.00 to $84.00 and gave the stock a "market perform" rating in a research note on Friday, April 25th. Piper Sandler boosted their target price on shares of SEI Investments from $74.00 to $79.00 and gave the company a "neutral" rating in a research report on Thursday, April 24th. Finally, Wall Street Zen raised SEI Investments from a "hold" rating to a "buy" rating in a research report on Tuesday, May 20th. Three equities research analysts have rated the stock with a hold rating and four have assigned a buy rating to the company's stock. According to data from MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and a consensus price target of $91.20.

Insider Buying and Selling

In other news, CEO Ryan Hicke sold 21,000 shares of SEI Investments stock in a transaction dated Wednesday, May 14th. The stock was 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 now owns 171,260 shares of the company's stock, valued at $14,276,233.60. The trade was a 10.92% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, Chairman Alfred P. West, Jr. sold 75,000 shares of the business's stock in a transaction that occurred on Wednesday, May 28th. The shares were sold at an average price of $85.78, for a total transaction of $6,433,500.00. Following the transaction, the chairman now directly owns 7,003,708 shares of the company's stock, valued at $600,778,072.24. The trade was a 1.06% 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 ninety days. 14.60% of the stock is owned by corporate insiders.

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.