SEI Investments Company $SEIC Shares Sold by Natixis Advisors LLC

Key Points

• Natixis Advisors LLC trimmed its stake in SEI Investments by 3.5% in Q3, selling 18,568 shares and leaving it with 511,066 shares (~0.42% of the company) worth about $43.36 million; institutional investors own roughly 70.6% of the stock.
• CEO Ryan Hicke sold 80,000 shares on Jan. 29 at an average price of $87.36 for approximately $6.99 million, reducing his stake by 28.9%; insiders now hold about 14.3% of SEI.
• Analysts rate SEI a "Moderate Buy" with an average price target of $109.67, while the stock trades near $81.16 (52‑week range $64.66–$93.96), implying notable upside to consensus estimates.

Natixis Advisors LLC trimmed its position in SEI Investments Company (NASDAQ:SEIC - Free Report) by 3.5% during the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 511,066 shares of the asset manager's stock after selling 18,568 shares during the period. Natixis Advisors LLC owned about 0.42% of SEI Investments worth $43,364,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also modified their holdings of the company. Vanguard Group Inc. lifted its stake in shares of SEI Investments by 0.3% during the third quarter. Vanguard Group Inc. now owns 11,260,591 shares of the asset manager's stock valued at $955,461,000 after buying an additional 30,970 shares during the period. Loomis Sayles & Co. L P grew its stake in SEI Investments by 1.4% in the 2nd quarter. Loomis Sayles & Co. L P now owns 8,841,249 shares of the asset manager's stock worth $794,475,000 after acquiring an additional 121,198 shares during the period. Bank of America Corp DE raised its holdings in SEI Investments by 4.4% in the 2nd quarter. Bank of America Corp DE now owns 3,160,636 shares of the asset manager's stock valued at $284,015,000 after acquiring an additional 133,057 shares during the last quarter. Dimensional Fund Advisors LP raised its holdings in SEI Investments by 1.7% in the 3rd quarter. Dimensional Fund Advisors LP now owns 1,863,052 shares of the asset manager's stock valued at $158,084,000 after acquiring an additional 31,953 shares during the last quarter. Finally, First Trust Advisors LP lifted its stake in shares of SEI Investments by 9.1% during the 2nd quarter. First Trust Advisors LP now owns 1,727,334 shares of the asset manager's stock worth $155,218,000 after purchasing an additional 144,789 shares during the period. 70.59% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

SEIC has been the subject of a number of recent analyst reports. Weiss Ratings reaffirmed a "buy (b)" rating on shares of SEI Investments in a research report on Thursday, January 22nd. Piper Sandler reiterated an "overweight" rating and set a $106.00 target price on shares of SEI Investments in a research report on Friday, February 20th. Raymond James Financial reissued an "outperform" rating and issued a $117.00 price target on shares of SEI Investments in a research note on Monday, January 5th. Zacks Research downgraded shares of SEI Investments from a "strong-buy" rating to a "hold" rating in a research note on Tuesday, November 11th. Finally, Morgan Stanley increased their price objective on shares of SEI Investments from $115.00 to $117.00 and gave the stock an "overweight" rating in a report on Tuesday, January 6th. Seven equities research analysts have rated the stock with a Buy rating and two have issued a Hold rating to the company's stock. According to data from MarketBeat, the company presently has an average rating of "Moderate Buy" and an average price target of $109.67.

SEI Investments Trading Down 0.3%

NASDAQ SEIC opened at $81.16 on Tuesday. The company's fifty day simple moving average is $83.68 and its 200-day simple moving average is $83.76. SEI Investments Company has a 52 week low of $64.66 and a 52 week high of $93.96. The company has a current ratio of 3.29, a quick ratio of 3.20 and a debt-to-equity ratio of 0.04. The stock has a market cap of $9.92 billion, a P/E ratio of 14.42 and a beta of 0.96.

SEI Investments (NASDAQ:SEIC - Get Free Report) last released its quarterly earnings results on Wednesday, January 28th. The asset manager reported $1.30 earnings per share for the quarter, missing analysts' consensus estimates of $1.34 by ($0.04). SEI Investments had a net margin of 31.14% and a return on equity of 30.26%. The firm had revenue of $607.93 million for the quarter, compared to analyst estimates of $596.97 million. During the same period in the previous year, the business posted $1.19 earnings per share. SEI Investments's revenue for the quarter was up 9.1% on a year-over-year basis. Equities research analysts predict that SEI Investments Company will post 4.86 EPS for the current fiscal year.

SEI Investments Dividend Announcement

The firm also recently announced a dividend, which was paid on Monday, January 12th. Stockholders of record on Monday, December 29th were paid a dividend of $0.52 per share. The ex-dividend date was Monday, December 29th. This represents a dividend yield of 124.0%. SEI Investments's dividend payout ratio (DPR) is currently 18.47%.

Insider Activity

In other news, CEO Ryan Hicke sold 80,000 shares of SEI Investments stock in a transaction dated Thursday, January 29th. The stock was sold at an average price of $87.36, for a total transaction of $6,988,800.00. Following the sale, the chief executive officer directly owned 197,164 shares of the company's stock, valued at approximately $17,224,247.04. The trade was a 28.86% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, insider Mark Andrew Warner sold 4,000 shares of the business's stock in a transaction dated Wednesday, February 25th. The stock was sold at an average price of $81.74, for a total value of $326,960.00. Following the completion of the transaction, the insider owned 921 shares in the company, valued at approximately $75,282.54. This trade represents a 81.28% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. 14.30% of the stock is owned by company insiders.

About SEI Investments

SEI Investments Company is a global provider of asset management, investment processing, and investment operations solutions. The firm offers a range of services designed to help financial institutions, private banks, wealth managers and family offices streamline back-office functions and enhance front-office capabilities. SEI's technology platforms support various stages of the investment lifecycle, including trade execution, performance reporting, risk analytics and client communications.

The company's core offerings include outsourced fund administration, custody and trust services, managed account solutions, and wealth management technology.

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