4,360 Shares in SEI Investments (NASDAQ:SEIC) Acquired by Kestra Investment Management LLC

Kestra Investment Management LLC acquired a new stake in SEI Investments (NASDAQ:SEIC) in the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund acquired 4,360 shares of the asset manager’s stock, valued at approximately $360,000.

Other institutional investors have also recently made changes to their positions in the company. FMR LLC raised its stake in shares of SEI Investments by 249.7% during the third quarter. FMR LLC now owns 885,113 shares of the asset manager’s stock valued at $61,241,000 after acquiring an additional 632,024 shares during the last quarter. Geode Capital Management LLC raised its position in SEI Investments by 13.5% during the 3rd quarter. Geode Capital Management LLC now owns 2,520,430 shares of the asset manager’s stock valued at $174,092,000 after purchasing an additional 300,704 shares during the last quarter. Portman Square Capital LLP lifted its holdings in SEI Investments by 113.1% in the 4th quarter. Portman Square Capital LLP now owns 17,408 shares of the asset manager’s stock worth $1,436,000 after buying an additional 149,840 shares during the period. UMB Bank n.a. bought a new stake in shares of SEI Investments in the 4th quarter worth approximately $9,096,000. Finally, Verition Fund Management LLC increased its stake in shares of SEI Investments by 2,766.3% during the third quarter. Verition Fund Management LLC now owns 111,098 shares of the asset manager’s stock valued at $7,687,000 after buying an additional 107,222 shares during the period. Hedge funds and other institutional investors own 70.59% of the company’s stock.

Wall Street Analysts Forecast Growth

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

SEI Investments Price Performance

Shares of SEI Investments stock opened at $82.84 on Thursday. SEI Investments has a 1 year low of $62.38 and a 1 year high of $87.25. The firm has a market cap of $10.68 billion, a price-to-earnings ratio of 18.74, a PEG ratio of 1.41 and a beta of 0.98. The company has a 50-day moving average of $83.37 and a 200 day moving average of $76.40.

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

SEI Investments Increases Dividend

The business also recently disclosed a semi-annual dividend, which was paid on Wednesday, January 8th. Shareholders of record on Friday, December 27th were paid a dividend of $0.49 per share. This is a boost from SEI Investments’s previous semi-annual dividend of $0.46. The ex-dividend date was Friday, December 27th. This represents a yield of 1.1%. SEI Investments’s payout ratio is presently 22.17%.

Insiders Place Their Bets

In other news, Chairman Alfred P. West, Jr. sold 52,042 shares of SEI Investments stock in a transaction dated Monday, December 16th. The stock was sold at an average price of $85.23, for a total value of $4,435,539.66. Following the completion of the transaction, the chairman now owns 7,232,922 shares of the company’s stock, valued at $616,461,942.06. The trade was a 0.71 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Over the last three months, insiders have sold 171,194 shares of company stock valued at $14,579,872. 14.30% of the stock is currently owned by corporate insiders.

About SEI Investments

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.