39,962 Shares in SEI Investments (NASDAQ:SEIC) Purchased by Candriam S.C.A.

Candriam S.C.A. purchased a new position in SEI Investments (NASDAQ:SEIC) during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund purchased 39,962 shares of the asset manager’s stock, valued at approximately $3,296,000.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Boston Trust Walden Corp boosted 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 buying an additional 20,020 shares during the last quarter. Longboard Asset Management LP purchased a new position in shares of SEI Investments in the 4th quarter worth about $267,000. CHURCHILL MANAGEMENT Corp purchased a new position in shares of SEI Investments in the 4th quarter worth about $1,818,000. Lecap Asset Management Ltd. purchased a new position in shares of SEI Investments in the 4th quarter worth about $480,000. Finally, Bank of New York Mellon Corp boosted its holdings in shares of SEI Investments by 4.1% in the 4th quarter. Bank of New York Mellon Corp now owns 1,171,743 shares of the asset manager’s stock worth $96,645,000 after buying an additional 46,425 shares during the last quarter. 70.59% of the stock is owned by hedge funds and other institutional investors.

Insider Transactions at SEI Investments

In related news, Chairman Alfred P. West, Jr. sold 52,042 shares of the company’s stock in a transaction that occurred on Monday, December 16th. The shares were sold at an average price of $85.23, for a total value of $4,435,539.66. Following the transaction, the chairman now directly owns 7,232,922 shares in the company, valued at approximately $616,461,942.06. This represents a 0.71 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, insider Mark Andrew Warner sold 5,000 shares of the stock in a transaction that occurred on Monday, March 3rd. The shares were sold at an average price of $80.39, for a total transaction of $401,950.00. Following the transaction, the insider now owns 1,300 shares in the company, valued at $104,507. The trade was a 79.37 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 225,414 shares of company stock valued at $18,801,608. 14.30% of the stock is currently owned by corporate insiders.

SEI Investments Trading Down 0.3 %

Shares of SEI Investments stock opened at $75.77 on Friday. SEI Investments has a 12-month low of $62.38 and a 12-month high of $87.25. The company has a market cap of $9.62 billion, a price-to-earnings ratio of 17.14, a PEG ratio of 1.41 and a beta of 0.94. The company’s 50-day moving average price is $82.11 and its 200-day moving average price is $77.52.

SEI Investments (NASDAQ:SEIC) last announced its quarterly earnings results on Wednesday, January 29th. The asset manager reported $1.19 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.21 by ($0.02). SEI Investments had a return on equity of 25.51% and a net margin of 27.35%. On average, sell-side analysts predict that SEI Investments will post 4.86 earnings per share for the current year.

SEI Investments Increases Dividend

The company also recently declared a semi-annual dividend, which was paid on Wednesday, January 8th. Stockholders of record on Friday, December 27th were issued a $0.49 dividend. This represents a dividend yield of 1.1%. This is an increase from SEI Investments’s previous semi-annual dividend of $0.46. The ex-dividend date was Friday, December 27th. SEI Investments’s dividend payout ratio is presently 22.17%.

Wall Street Analysts Forecast Growth

SEIC has been the topic of a number of research analyst reports. Morgan Stanley boosted their price target on shares of SEI Investments from $75.00 to $80.00 and gave the stock an “underweight” rating in a report on Friday, January 3rd. Piper Sandler upped their price objective on shares of SEI Investments from $77.00 to $87.00 and gave the company a “neutral” rating in a report on Monday, December 23rd. Raymond James raised shares of SEI Investments from a “market perform” rating to an “outperform” rating and set a $99.00 price objective on the stock in a report on Thursday, January 30th. Oppenheimer upped their price objective on shares of SEI Investments from $85.00 to $94.00 and gave the company an “outperform” rating in a report on Tuesday, January 7th. Finally, Keefe, Bruyette & Woods reaffirmed a “market perform” rating and set a $90.00 price objective (up from $86.00) on shares of SEI Investments in a report on Thursday, January 30th. One equities research analyst has rated the stock with a sell rating, two have issued a hold rating and two have issued a buy rating to the stock. According to data from MarketBeat, the stock has an average rating of “Hold” and a consensus price target of $90.00.

SEI Investments 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.