Universal Beteiligungs und Servicegesellschaft mbH Makes New $5.92 Million Investment in SEI Investments (NASDAQ:SEIC)

Universal Beteiligungs und Servicegesellschaft mbH acquired a new stake in shares of SEI Investments (NASDAQ:SEIC - Free Report) in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor acquired 71,744 shares of the asset manager's stock, valued at approximately $5,917,000. Universal Beteiligungs und Servicegesellschaft mbH owned about 0.06% of SEI Investments as of its most recent SEC filing.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in SEIC. CoreFirst Bank & Trust acquired a new position in shares of SEI Investments in the fourth quarter valued at approximately $31,000. Allworth Financial LP increased its stake in SEI Investments by 53.7% in the 4th quarter. Allworth Financial LP now owns 452 shares of the asset manager's stock valued at $38,000 after buying an additional 158 shares during the period. First Horizon Advisors Inc. raised its position in SEI Investments by 25.4% during the 4th quarter. First Horizon Advisors Inc. now owns 578 shares of the asset manager's stock worth $48,000 after buying an additional 117 shares during the last quarter. Rialto Wealth Management LLC acquired a new stake in shares of SEI Investments in the 4th quarter worth $55,000. Finally, EverSource Wealth Advisors LLC boosted its holdings in shares of SEI Investments by 25.0% in the fourth quarter. EverSource Wealth Advisors LLC now owns 860 shares of the asset manager's stock valued at $71,000 after acquiring an additional 172 shares in the last quarter. 70.59% of the stock is owned by hedge funds and other institutional investors.

Insider Buying and Selling

In related news, Chairman Alfred P. West, Jr. sold 75,000 shares of the company'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 owns 7,003,708 shares of the company's stock, valued at approximately $600,778,072.24. This represents a 1.06% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Also, CEO Ryan Hicke sold 21,000 shares of SEI Investments stock in a transaction that occurred on Wednesday, May 14th. The stock was sold at an average price of $83.36, for a total transaction of $1,750,560.00. Following the completion of the sale, the chief executive officer now directly owns 171,260 shares of the company's stock, valued at $14,276,233.60. The trade was a 10.92% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 232,126 shares of company stock worth $19,638,659 in the last ninety days. Insiders own 14.60% of the company's stock.

Wall Street Analyst Weigh In

Several research analysts recently issued reports on the stock. Morgan Stanley increased their price target on shares of SEI Investments from $82.00 to $84.00 and gave the stock an "overweight" rating in a report on Tuesday. Wall Street Zen upgraded SEI Investments from a "hold" rating to a "buy" rating in a research report on Tuesday, May 20th. Oppenheimer reissued an "outperform" rating on shares of SEI Investments in a report on Thursday, April 24th. Keefe, Bruyette & Woods lifted their price target on SEI Investments from $80.00 to $84.00 and gave the company a "market perform" rating in a research note on Friday, April 25th. Finally, William Blair reiterated a "market perform" rating on shares of SEI Investments in a research report on Thursday, April 24th. Three research analysts have rated the stock with a hold rating and four have given a buy rating to the stock. Based on data from MarketBeat, the company currently has a consensus rating of "Moderate Buy" and an average target price of $88.00.

SEI Investments Trading Up 0.2%

Shares of NASDAQ:SEIC traded up $0.19 during trading on Wednesday, hitting $85.16. 1,154,337 shares of the stock were exchanged, compared to its average volume of 718,909. The company has a market cap of $10.60 billion, a PE ratio of 19.27, a P/E/G ratio of 1.41 and a beta of 0.90. The company has a fifty day moving average price of $78.37 and a two-hundred day moving average price of $80.34. SEI Investments has a 12-month low of $62.38 and a 12-month high of $87.25.

SEI Investments (NASDAQ:SEIC - Get Free Report) last posted its earnings results on Wednesday, April 23rd. The asset manager reported $1.17 earnings per share for the quarter, beating the consensus estimate of $1.12 by $0.05. The company had revenue of $551.34 million for the quarter, compared to analyst estimates of $556.76 million. SEI Investments had a return on equity of 25.51% and a net margin of 27.35%. SEI Investments's revenue was up 7.8% compared to the same quarter last year. During the same quarter in the prior year, the company earned $0.99 earnings per share. Equities research analysts anticipate that SEI Investments will post 4.86 earnings per share for the current fiscal year.

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

SEI Investments Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, June 17th. Stockholders of record on Monday, June 9th will be given a $0.49 dividend. The ex-dividend date of this dividend is Monday, June 9th. This is a positive change from SEI Investments's previous quarterly dividend of $0.46. This represents a $1.96 annualized dividend and a dividend yield of 2.30%. SEI Investments's dividend payout ratio is currently 21.30%.

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.