Insider Selling: SEI Investments (NASDAQ:SEIC) Insider Sells 5,000 Shares of Stock

SEI Investments (NASDAQ:SEIC) insider Mark Andrew Warner sold 5,000 shares of the stock in a transaction dated Monday, March 3rd. The shares were sold at an average price of $80.39, for a total value of $401,950.00. Following the completion of the transaction, the insider now directly owns 1,300 shares of the company’s stock, valued at $104,507. This represents a 79.37 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through the SEC website.

SEI Investments Trading Up 0.7 %

SEIC stock traded up $0.56 during mid-day trading on Wednesday, hitting $76.84. 267,662 shares of the company were exchanged, compared to its average volume of 589,599. The business has a 50 day simple moving average of $82.58 and a 200-day simple moving average of $77.40. The stock has a market capitalization of $9.75 billion, a PE ratio of 17.38, a price-to-earnings-growth ratio of 1.41 and a beta of 0.98. SEI Investments has a 1-year low of $62.38 and a 1-year high of $87.25.

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

SEI Investments Increases Dividend

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

Institutional Trading of SEI Investments

A number of institutional investors have recently modified their holdings of SEIC. Creative Planning lifted its stake in shares of SEI Investments by 2.3% during the 3rd quarter. Creative Planning now owns 8,086 shares of the asset manager’s stock valued at $559,000 after buying an additional 182 shares in the last quarter. Private Advisor Group LLC grew its holdings in shares of SEI Investments by 9.4% during the 3rd quarter. Private Advisor Group LLC now owns 3,550 shares of the asset manager’s stock valued at $246,000 after purchasing an additional 306 shares during the last quarter. International Assets Investment Management LLC boosted its position in SEI Investments by 6,818.9% during the 3rd quarter. International Assets Investment Management LLC now owns 2,560 shares of the asset manager’s stock valued at $177,000 after buying an additional 2,523 shares during the period. Van ECK Associates Corp lifted its position in shares of SEI Investments by 72.3% in the 3rd quarter. Van ECK Associates Corp now owns 94,605 shares of the asset manager’s stock worth $6,689,000 after purchasing an additional 39,711 shares during the period. Finally, Asset Management One Co. Ltd. lifted its position in shares of SEI Investments by 25.9% in the 3rd quarter. Asset Management One Co. Ltd. now owns 71,842 shares of the asset manager’s stock worth $4,971,000 after purchasing an additional 14,757 shares during the period. 70.59% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

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

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.