Cullen Investment Group LTD. reduced its holdings in SEI Investments (NASDAQ:SEIC – free report ) by 5.7% during the first quarter, according to the latest disclosures made to the Securities and Exchange Commission (SEC). The institutional investor now owns 4,450 shares of the asset management company’s stock after selling 267 shares during the quarter. Cullen Investment Group LTD.’s holdings in SEI Investments were worth $314,000 at the end of the latest reporting period.
Other institutional investors and hedge funds also recently modified their holdings of the company. VisionPoint Advisory Group LLC increased its holdings in SEI Investments by 67.1% in the third quarter. VisionPoint Advisory Group LLC now owns 513 shares of the asset management company’s stock valued at $31,000. It purchased an additional 206 shares during the period. Metis Global Partners LLC increased its holdings in SEI Investments by 4.3% in the fourth quarter. Metis Global Partners LLC now owns 5,584 shares of the asset management company’s stock valued at $355,000. It purchased an additional 231 shares during the period. The North Carolina Treasurer increased its holdings in SEI Investments by 0.5% in the third quarter. The North Carolina Treasurer now owns 46,128 shares of the asset management company’s stock valued at $2,778,000. It purchased an additional 235 shares during the period. Portside Wealth Group LLC increased its holdings in SEI Investments by 7.8% during the fourth quarter. Portside Wealth Group LLC now owns 3,823 shares of the asset manager’s stock, valued at $243,000, after purchasing an additional 276 shares during the period. Finally, SG Americas Securities LLC increased its holdings in SEI Investments by 2.8% during the fourth quarter. SG Americas Securities LLC now owns 11,291 shares of the asset manager’s stock, valued at $718,000, after purchasing an additional 306 shares during the period. 70.59% of the stock is owned by institutional investors and hedge funds.
Wall Street analysts predict growth
Several research analysts have recently offered their opinions on SEIC stock. Oppenheimer increased their price target on SEI Investments from $77.00 to $80.00 and gave the stock an “outperform” rating in a research report on Tuesday, April 9th. StockNews.com raised SEI Investments from a “hold” rating to a “buy” rating in a research report on Saturday, March 2nd. Piper Sandler lowered their price target on SEI Investments from $72.00 to $69.00 and gave the company a “neutral” rating in a research report on Thursday, April 25th. Finally, Keefe, Bruyette & Woods reissued a “market average” rating and raised their price target on SEI Investments from $72.00 to $74.00 in a research report on Thursday, April 25th. One equities research analyst has rated the stock with a sell rating, two have given a hold rating, and two have given a buy rating to the company. Based on data from MarketBeat.com, SEI Investments has a consensus rating of “hold” and an average target price of $71.00.
Get the latest analysis for SEI Investments
SEI Investments Stock Performance
NASDAQ SEIC shares opened trading at $65.76 on Thursday. The stock’s 50-day moving average price is $66.95 and its 200-day moving average price is $66.26. SEI Investments’ 52-week low is $52.19 and its 52-week high is $72.54. The stock has a market cap of $8.64 billion, a P/E ratio of 17.97, a price-to-earnings growth ratio of 1.32 and a beta of 1.02.
SEI Investments (NASDAQ:SEIC – get free report ) released its quarterly earnings report on Wednesday, April 24th. The asset management company reported $0.99 EPS for the quarter, beating the consensus estimate of $0.98 by $0.01. SEI Investments had an ROE of 22.91% and a net margin of 24.80%. The company’s quarterly revenue was $511.58 million, beating analyst expectations of $510.41 million. Year-over-year earnings per share were $0.79. The company’s quarterly revenue increased 9.1% year-over-year. Research analysts expect that SEI Investments will post $4.14 EPS for the year.
SEI Investments Increases Dividend
The company also recently declared a quarterly dividend, which was paid on Tuesday, June 18th. Shareholders of record on Monday, June 10th were paid a $0.46 dividend. This works out to an annualized dividend of $1.84, or a dividend yield of 2.80%. This is an increase from SEI Investments’ previous quarterly dividend of $0.40. The ex-dividend date was Monday, June 10th. SEI Investments’ dividend payout ratio (DPR) is currently 25.14%.
Insider Activities
In other news, Chairman Alfred P. West Jr. sold 150,000 shares of the company’s stock in a transaction that occurred on Tuesday, March 26th. The shares were sold at an average price of $70.75, for a total value of $10,612,500.00. Following the completion of the sale, the chairman now directly owns 7,884,834 shares of the company’s stock, valued at $557,852,005.50. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. In other news, Chairman Alfred P. West Jr. sold 150,000 shares of the company’s stock in a transaction that occurred on Tuesday, March 26th. The shares were sold at an average price of $70.75, for a total value of $10,612,500.00.Following the completion of the sale, the Chairman now directly owns 7,884,834 shares of the company’s stock, valued at $557,852,005.50. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Additionally, the Chairman, Alfred P. West, Jr. sold 70,000 shares of the company’s stock in a transaction that occurred on Thursday, May 9th. The shares were sold at an average price of $68.62, for a total value of $4,803,400.00. Following the completion of the sale, the Chairman now directly owns 7,795,471 shares of the company’s stock, valued at $534,925,220.02. The disclosure for this sale can be found here. In the last three months, insiders have sold a total of 287,363 shares of the company’s stock, valued at $20,081,067. Insiders own 14.30% of the company’s shares.
SEI Investments Profile
(Free report)
SEI Investments Company is a publicly traded asset management holding company that, through its subsidiaries, provides clients with wealth management, retirement and investment solutions, asset management, wealth administration, investment processing outsourcing solutions, financial services and investment advisory services.
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