5,275 Shares in SEI Investments (NASDAQ:SEIC) Bought by Siemens Fonds Invest GmbH

Siemens Fonds Invest GmbH purchased a new stake in SEI Investments (NASDAQ:SEIC - Free Report) in the 4th quarter, according to its most recent disclosure with the SEC. The fund purchased 5,275 shares of the asset manager's stock, valued at approximately $435,000.

A number of other institutional investors have also modified their holdings of SEIC. Geode Capital Management LLC boosted its stake in SEI Investments by 2.4% in the fourth quarter. Geode Capital Management LLC now owns 2,580,737 shares of the asset manager's stock valued at $212,589,000 after acquiring an additional 60,307 shares during the period. Boston Trust Walden Corp lifted its holdings in shares of SEI Investments by 1.6% in the 4th quarter. Boston Trust Walden Corp now owns 1,306,329 shares of the asset manager's stock worth $107,746,000 after purchasing an additional 20,020 shares during the last quarter. FMR LLC lifted its holdings in shares of SEI Investments by 39.3% in the 4th quarter. FMR LLC now owns 1,233,225 shares of the asset manager's stock worth $101,716,000 after purchasing an additional 348,112 shares during the last quarter. Bank of New York Mellon Corp boosted its position in SEI Investments by 4.1% during the 4th quarter. Bank of New York Mellon Corp now owns 1,171,743 shares of the asset manager's stock valued at $96,645,000 after purchasing an additional 46,425 shares during the period. Finally, Northern Trust Corp grew its stake 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 last quarter. Institutional investors own 70.59% of the company's stock.

Wall Street Analysts Forecast Growth

A number of equities research analysts have issued reports on the company. Morgan Stanley raised their target price on SEI Investments from $82.00 to $84.00 and gave the company an "overweight" rating in a research note on Tuesday. William Blair reiterated a "market perform" rating on shares of SEI Investments in a research report on Thursday, April 24th. Keefe, Bruyette & Woods boosted their target price on shares of SEI Investments from $80.00 to $84.00 and gave the company a "market perform" rating in a research note on Friday, April 25th. Wall Street Zen upgraded shares of SEI Investments from a "hold" rating to a "buy" rating in a research report on Tuesday, May 20th. Finally, Piper Sandler lifted their price target on SEI Investments from $74.00 to $79.00 and gave the company a "neutral" rating in a report on Thursday, April 24th. Three analysts have rated the stock with a hold rating and four have issued a buy rating to the company. According to MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and a consensus target price of $88.00.

Insider Activity

In other news, insider Sanjay Sharma sold 20,000 shares of SEI Investments stock in a transaction that occurred on Wednesday, May 14th. The shares were sold at an average price of $83.40, for a total value of $1,668,000.00. Following the transaction, the insider now owns 23,895 shares of the company's stock, valued at $1,992,843. The trade was a 45.56% decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through this link. Also, Chairman Alfred P. West, Jr. sold 1,372 shares of the business's stock in a transaction that occurred on Wednesday, March 5th. The stock was sold at an average price of $76.28, for a total transaction of $104,656.16. Following the completion of the sale, the chairman now owns 7,078,708 shares in the company, valued at $539,963,846.24. The trade was a 0.02% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 233,498 shares of company stock worth $19,743,315 over the last 90 days. 14.60% of the stock is currently owned by company insiders.

SEI Investments Price Performance

Shares of NASDAQ SEIC traded up $0.32 during midday trading on Tuesday, reaching $84.97. 1,024,567 shares of the company traded hands, compared to its average volume of 715,958. The company has a market cap of $10.58 billion, a price-to-earnings ratio of 19.22, a PEG ratio of 1.41 and a beta of 0.90. The stock has a 50-day moving average price of $78.21 and a 200 day moving average price of $80.31. SEI Investments has a 52 week low of $62.38 and a 52 week high of $87.25.

SEI Investments (NASDAQ:SEIC - Get Free Report) last released its quarterly earnings results on Wednesday, April 23rd. The asset manager reported $1.17 EPS for the quarter, topping analysts' consensus estimates of $1.12 by $0.05. The company had revenue of $551.34 million for the quarter, compared to the consensus estimate of $556.76 million. SEI Investments had a net margin of 27.35% and a return on equity of 25.51%. SEI Investments's revenue was up 7.8% on a year-over-year basis. During the same period in the previous year, the firm earned $0.99 EPS. As a group, analysts expect that SEI Investments will post 4.86 EPS for the current year.

SEI Investments Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Tuesday, June 17th. Investors of record on Monday, June 9th will be issued a dividend of $0.49 per share. This is a boost from SEI Investments's previous quarterly dividend of $0.46. The ex-dividend date is Monday, June 9th. This represents a $1.96 annualized dividend and a yield of 2.31%. SEI Investments's payout ratio is presently 21.30%.

SEI Investments declared that its board has initiated a stock buyback program on Tuesday, March 18th that allows the company to repurchase $500.00 million in outstanding shares. This repurchase authorization allows the asset manager to reacquire up to 5.3% of its stock through open market purchases. Stock repurchase programs are typically an indication that the company's board believes its stock is undervalued.

SEI Investments Company 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.