SEI Investments (NASDAQ:SEIC) Given Consensus Recommendation of “Hold” by Brokerages

SEI Investments (NASDAQ:SEIC) has been given a consensus recommendation of “Hold” by the five research firms that are covering the company, MarketBeat reports. One investment analyst has rated the stock with a sell rating, two have assigned a hold rating and two have issued a buy rating on the company. The average 12-month price objective among analysts that have issued a report on the stock in the last year is $90.00.

SEIC has been the topic of several research analyst reports. Oppenheimer lifted their price target on SEI Investments from $85.00 to $94.00 and gave the stock an “outperform” rating in a research report on Tuesday, January 7th. Raymond James raised SEI Investments from a “market perform” rating to an “outperform” rating and set a $99.00 price target on the stock in a research report on Thursday, January 30th. Keefe, Bruyette & Woods reaffirmed a “market perform” rating and set a $90.00 price target (up previously from $86.00) on shares of SEI Investments in a research report on Thursday, January 30th. Morgan Stanley lifted their price target on SEI Investments from $75.00 to $80.00 and gave the stock an “underweight” rating in a research report on Friday, January 3rd. Finally, Piper Sandler lifted their price target on SEI Investments from $77.00 to $87.00 and gave the stock a “neutral” rating in a research report on Monday, December 23rd.

Insider Activity

In related news, Chairman Alfred P. West, Jr. sold 94,158 shares of SEI Investments stock in a transaction that occurred on Friday, December 13th. The stock was sold at an average price of $85.73, for a total value of $8,072,165.34. Following the sale, the chairman now directly owns 7,284,964 shares in the company, valued at $624,539,963.72. The trade was a 1.28 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Over the last 90 days, insiders have sold 171,194 shares of company stock valued at $14,579,872. Company insiders own 14.30% of the company’s stock.

Institutional Trading of SEI Investments

A number of institutional investors have recently modified their holdings of the business. First Horizon Advisors Inc. boosted its stake in shares of SEI Investments by 25.4% in the fourth quarter. First Horizon Advisors Inc. now owns 578 shares of the asset manager’s stock valued at $48,000 after buying an additional 117 shares in the last quarter. Aurora Investment Counsel boosted its stake in shares of SEI Investments by 0.6% in the third quarter. Aurora Investment Counsel now owns 25,162 shares of the asset manager’s stock valued at $1,741,000 after buying an additional 144 shares in the last quarter. Venturi Wealth Management LLC boosted its stake in shares of SEI Investments by 7.3% in the fourth quarter. Venturi Wealth Management LLC now owns 2,105 shares of the asset manager’s stock valued at $174,000 after buying an additional 144 shares in the last quarter. Ashton Thomas Securities LLC boosted its stake in shares of SEI Investments by 2.5% in the fourth quarter. Ashton Thomas Securities LLC now owns 5,969 shares of the asset manager’s stock valued at $492,000 after buying an additional 145 shares in the last quarter. Finally, Principal Securities Inc. boosted its stake in shares of SEI Investments by 13.3% in the fourth quarter. Principal Securities Inc. now owns 1,324 shares of the asset manager’s stock valued at $109,000 after buying an additional 155 shares in the last quarter. 70.59% of the stock is currently owned by hedge funds and other institutional investors.

SEI Investments Stock Performance

Shares of NASDAQ SEIC opened at $80.05 on Monday. SEI Investments has a fifty-two week low of $62.38 and a fifty-two week high of $87.25. The firm has a market capitalization of $10.16 billion, a PE ratio of 18.11, a price-to-earnings-growth ratio of 1.41 and a beta of 0.98. The stock’s 50-day simple moving average is $82.83 and its 200-day simple moving average is $77.25.

SEI Investments (NASDAQ:SEIC) last released its quarterly earnings results on Wednesday, January 29th. The asset manager reported $1.19 EPS for the quarter, missing the consensus estimate 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 forecast that SEI Investments will post 4.86 earnings per share for the current fiscal year.

SEI Investments Increases Dividend

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

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.