SEI Investments - SEIC Stock Forecast, Price & News

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. It provides its services to private banks, independent financial advisers, institutional investors, investment managers, investment advisors, wealth management organizations, corporations, retirement scheme sponsors, not-for-profit organizations, hedge fund managers, registered investment advisers, independent broker-dealers, financial planners, life insurance agents, defined-benefit schemes, defined-contribution schemes, endowments, foundations, and board-designated fund, through its subsidiaries. Through its subsidiaries, the firm manages separate client-focused portfolios. It also launches and manages equity, fixed income, and balanced mutual funds, through its subsidiaries. Through its subsidiaries, the firm invests in public equity and fixed income markets. It employs fundamental and quantitative analysis with a focus on top-down and bottom-up analysis to make its investments, through its subsidiaries. SEI Investments Company was founded in 1968 and is based in Oaks, Pennsylvania.

Analysts Set New Price Targets

SEIC has been the topic of several recent analyst reports. The Goldman Sachs Group reduced their price target on SEI Investments to $58.00 in a report on Friday, July 22nd. StockNews.com lowered SEI Investments from a "buy" rating to a "hold" rating in a research note on Friday, July 22nd. Morgan Stanley cut their price target on SEI Investments from $55.00 to $52.00 and set an "underweight" rating for the company in a research note on Thursday, July 21st. Piper Sandler lowered their price objective on SEI Investments to $61.00 and set an "outperform" rating on the stock in a report on Wednesday, July 27th. Finally, Keefe, Bruyette & Woods lowered their target price on SEI Investments from $62.00 to $55.00 in a report on Thursday, July 14th. One analyst has rated the stock with a sell rating, three have assigned a hold rating and two have issued a buy rating to the stock. Based on data from MarketBeat.com, the stock currently has an average rating of "Hold" and an average price target of $60.50.

SEI Investments Trading Up 0.5 %

Shares of SEIC traded up $0.26 during mid-day trading on Friday, hitting $57.33. 264 shares of the company's stock were exchanged, compared to its average volume of 535,872. The firm has a market capitalization of $7.77 billion, a P/E ratio of 13.69, a P/E/G ratio of 1.27 and a beta of 0.99. SEI Investments has a fifty-two week low of $51.07 and a fifty-two week high of $65.22. The business's 50 day moving average is $54.50 and its two-hundred day moving average is $56.76.

SEI Investments (NASDAQ:SEIC - Get Rating) last announced its quarterly earnings results on Wednesday, July 20th. The asset manager reported $0.81 earnings per share for the quarter, missing analysts' consensus estimates of $0.83 by ($0.02). SEI Investments had a net margin of 28.53% and a return on equity of 30.81%. The company had revenue of $481.67 million during the quarter, compared to analyst estimates of $472.18 million. During the same quarter last year, the business earned $0.93 EPS. The firm's revenue for the quarter was up 1.3% compared to the same quarter last year. On average, equities research analysts forecast that SEI Investments will post 3.73 earnings per share for the current year.

SEI Investments Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, June 22nd. Investors of record on Monday, June 13th were issued a dividend of $0.40 per share. This is an increase from SEI Investments's previous quarterly dividend of $0.37. This represents a $1.60 annualized dividend and a dividend yield of 2.79%. The ex-dividend date was Friday, June 10th. SEI Investments's dividend payout ratio is currently 19.18%.

Insider Activity at SEI Investments

In other SEI Investments news, EVP Wayne Withrow sold 15,000 shares of the stock in a transaction dated Tuesday, August 9th. The shares were sold at an average price of $55.78, for a total transaction of $836,700.00. Following the sale, the executive vice president now owns 38,799 shares of the company's stock, valued at approximately $2,164,208.22. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. In other news, EVP Wayne Withrow sold 15,000 shares of the business's stock in a transaction dated Tuesday, August 9th. The shares were sold at an average price of $55.78, for a total value of $836,700.00. Following the completion of the sale, the executive vice president now owns 38,799 shares of the company's stock, valued at $2,164,208.22. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, insider Dennis Mcgonigle sold 35,000 shares of the company's stock in a transaction dated Friday, July 29th. The stock was sold at an average price of $55.15, for a total transaction of $1,930,250.00. Following the sale, the insider now directly owns 576,663 shares of the company's stock, valued at approximately $31,802,964.45. The disclosure for this sale can be found here. Corporate insiders own 25.40% of the company's stock.