Campbell & CO Investment Adviser LLC Has $1.51 Million Position in SEI Investments Company $SEIC

Key Points

• Campbell & CO Investment Adviser LLC increased its stake in SEI Investments by 60% during the first quarter, now owning 19,421 shares worth approximately $1.5 million.
• SEI Investments recently announced a dividend increase, moving from $0.46 to $0.49 per share, reflecting a robust annualized dividend yield of 2.2% and a low payout ratio of 18.39%.
• Wall Street analysts have a consensus rating of "Moderate Buy" on SEI Investments, with an average price target of $102, reflecting optimistic growth expectations.

Campbell & CO Investment Adviser LLC raised its stake in SEI Investments Company (NASDAQ:SEIC - Free Report) by 60.0% during the first quarter, according to its most recent disclosure with the SEC. The fund owned 19,421 shares of the asset manager's stock after buying an additional 7,285 shares during the quarter. Campbell & CO Investment Adviser LLC's holdings in SEI Investments were worth $1,508,000 as of its most recent SEC filing.

A number of other hedge funds also recently added to or reduced their stakes in SEIC. Cadence Bank increased its holdings in shares of SEI Investments by 1.2% during the first quarter. Cadence Bank now owns 10,551 shares of the asset manager's stock valued at $819,000 after purchasing an additional 121 shares during the period. Meiji Yasuda Life Insurance Co boosted its position in shares of SEI Investments by 3.6% in the 4th quarter. Meiji Yasuda Life Insurance Co now owns 4,591 shares of the asset manager's stock valued at $379,000 after purchasing an additional 160 shares during the period. Concurrent Investment Advisors LLC boosted its position in shares of SEI Investments by 2.9% in the 1st quarter. Concurrent Investment Advisors LLC now owns 5,600 shares of the asset manager's stock valued at $435,000 after purchasing an additional 160 shares during the period. GHE LLC boosted its position in SEI Investments by 2.0% during the 4th quarter. GHE LLC now owns 9,126 shares of the asset manager's stock worth $753,000 after acquiring an additional 183 shares during the period. Finally, Tokio Marine Asset Management Co. Ltd. boosted its position in SEI Investments by 8.0% during the 1st quarter. Tokio Marine Asset Management Co. Ltd. now owns 2,685 shares of the asset manager's stock worth $208,000 after acquiring an additional 200 shares during the period. 70.59% of the stock is currently owned by institutional investors.

Insider Transactions at SEI Investments

In related news, insider Mark Andrew Warner sold 5,000 shares of the company's stock in a transaction dated Tuesday, July 29th. The stock was sold at an average price of $88.75, for a total value of $443,750.00. Following the completion of the sale, the insider owned 1,300 shares in the company, valued at approximately $115,375. This represents a 79.37% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. Also, CEO Ryan Hicke sold 35,000 shares of the company's stock in a transaction dated Tuesday, August 19th. The shares were sold at an average price of $88.30, for a total value of $3,090,500.00. Following the completion of the sale, the chief executive officer owned 171,260 shares of the company's stock, valued at $15,122,258. This represents a 16.97% decrease in their position. The disclosure for this sale can be found here. Corporate insiders own 14.60% of the company's stock.

Wall Street Analysts Forecast Growth

Several equities research analysts have recently issued reports on SEIC shares. Keefe, Bruyette & Woods reiterated a "market perform" rating and set a $98.00 price target (down from $100.00) on shares of SEI Investments in a report on Thursday, July 24th. Raymond James Financial lifted their price target on SEI Investments from $115.00 to $118.00 and gave the stock an "outperform" rating in a research report on Thursday, July 24th. Oppenheimer lifted their price target on SEI Investments from $96.00 to $101.00 and gave the stock an "outperform" rating in a research report on Tuesday, July 8th. Piper Sandler lowered their price objective on SEI Investments from $96.00 to $93.00 and set a "neutral" rating on the stock in a research report on Thursday, July 24th. Finally, Morgan Stanley reaffirmed 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. Three equities research analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the company. According to MarketBeat.com, the company has an average rating of "Moderate Buy" and a consensus target price of $102.00.

SEI Investments Price Performance

Shares of SEIC stock traded down $0.57 on Friday, reaching $88.28. 703,792 shares of the stock were exchanged, compared to its average volume of 837,382. The stock has a market cap of $10.91 billion, a PE ratio of 16.56, a P/E/G ratio of 1.40 and a beta of 0.95. SEI Investments Company has a one year low of $64.66 and a one year high of $93.96. The stock has a 50 day moving average price of $89.59 and a 200 day moving average price of $82.62.

SEI Investments (NASDAQ:SEIC - Get Free Report) last released its quarterly earnings data 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 business had revenue of $559.60 million during the quarter, compared to the consensus estimate of $550.72 million. SEI Investments had a return on equity of 29.96% and a net margin of 31.25%.The firm's revenue was up 7.8% on a year-over-year basis. During the same quarter in the prior year, the company posted $1.05 earnings per share. On average, research analysts expect that SEI Investments Company will post 4.86 earnings per share for the current fiscal year.

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.