Brandywine Global Investment Management LLC Grows Stock Holdings in SEI Investments Company $SEIC

Brandywine Global Investment Management LLC grew its holdings in shares of SEI Investments Company (NASDAQ:SEIC) by 8.0% in the 4th quarter, Holdings Channel.com reports. The institutional investor owned 179,610 shares of the asset manager’s stock after purchasing an additional 13,293 shares during the period. Brandywine Global Investment Management LLC’s holdings in SEI Investments were worth $14,732,000 at the end of the most recent quarter.

Several other institutional investors also recently bought and sold shares of the business. Allworth Financial LP grew its stake in SEI Investments by 44.0% during the third quarter. Allworth Financial LP now owns 432 shares of the asset manager’s stock worth $37,000 after buying an additional 132 shares during the period. Johnson Investment Counsel Inc. grew its stake in SEI Investments by 0.5% during the third quarter. Johnson Investment Counsel Inc. now owns 29,852 shares of the asset manager’s stock worth $2,533,000 after buying an additional 153 shares during the period. Farther Finance Advisors LLC grew its stake in SEI Investments by 10.4% during the fourth quarter. Farther Finance Advisors LLC now owns 1,704 shares of the asset manager’s stock worth $140,000 after buying an additional 161 shares during the period. GAMMA Investing LLC boosted its stake in shares of SEI Investments by 2.3% in the fourth quarter. GAMMA Investing LLC now owns 7,260 shares of the asset manager’s stock valued at $595,000 after purchasing an additional 164 shares during the period. Finally, EverSource Wealth Advisors LLC boosted its stake in shares of SEI Investments by 12.0% in the third quarter. EverSource Wealth Advisors LLC now owns 1,679 shares of the asset manager’s stock valued at $142,000 after purchasing an additional 180 shares during the period. 70.59% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

Several research analysts have recently weighed in on SEIC shares. Keefe, Bruyette & Woods upped their target price on shares of SEI Investments from $95.00 to $107.00 and gave the company an “outperform” rating in a research note on Thursday, April 23rd. Raymond James Financial restated an “outperform” rating and issued a $82.00 target price on shares of SEI Investments in a research note on Wednesday, April 29th. Piper Sandler restated an “overweight” rating and issued a $105.00 target price (up from $99.00) on shares of SEI Investments in a research note on Thursday, April 23rd. Weiss Ratings restated a “buy (b)” rating on shares of SEI Investments in a research note on Tuesday, April 21st. Finally, Morgan Stanley decreased their target price on shares of SEI Investments from $119.00 to $108.00 and set an “overweight” rating for the company in a research note on Thursday, April 2nd. Seven research analysts have rated the stock with a Buy rating and one has issued a Hold rating to the stock. According to data from MarketBeat.com, SEI Investments currently has an average rating of “Moderate Buy” and an average price target of $103.00.

SEI Investments Trading Down 1.3%

SEIC opened at $88.24 on Tuesday. The stock has a market capitalization of $10.61 billion, a PE ratio of 15.06 and a beta of 0.97. The firm’s fifty day moving average price is $85.79 and its 200 day moving average price is $83.63. The company has a debt-to-equity ratio of 0.07, a current ratio of 4.52 and a quick ratio of 4.40. SEI Investments Company has a 12-month low of $75.08 and a 12-month high of $93.96.

SEI Investments (NASDAQ:SEIC) last posted its quarterly earnings results on Wednesday, April 22nd. The asset manager reported $1.44 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.29 by $0.15. The firm had revenue of $622.18 million for the quarter, compared to analysts’ expectations of $641.82 million. SEI Investments had a net margin of 31.17% and a return on equity of 30.70%. The firm’s quarterly revenue was up 12.9% on a year-over-year basis. During the same period in the prior year, the company posted $1.17 earnings per share. As a group, research analysts expect that SEI Investments Company will post 5.89 EPS for the current fiscal year.

SEI Investments Announces Dividend

The business also recently declared a dividend, which will be paid on Tuesday, June 16th. Investors of record on Monday, June 8th will be issued a $0.52 dividend. The ex-dividend date of this dividend is Monday, June 8th. This represents a yield of 118.0%. SEI Investments’s dividend payout ratio is currently 17.75%.

Insider Transactions at SEI Investments

In other SEI Investments news, Chairman Alfred P. West, Jr. sold 7,447 shares of the stock in a transaction on Wednesday, March 11th. The shares were sold at an average price of $79.26, for a total transaction of $590,249.22. Following the sale, the chairman directly owned 6,875,783 shares of the company’s stock, valued at approximately $544,974,560.58. This represents a 0.11% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, insider Philip Mccabe sold 15,000 shares of the stock in a transaction on Thursday, April 23rd. The stock was sold at an average price of $91.82, for a total transaction of $1,377,300.00. Following the sale, the insider directly owned 54,884 shares in the company, valued at $5,039,448.88. This trade represents a 21.46% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders sold a total of 61,447 shares of company stock valued at $5,495,889 over the last ninety days. 4.80% of the stock is currently owned by corporate insiders.

About SEI Investments

SEI Investments Company is a global provider of asset management, investment processing, and investment operations solutions. The firm offers a range of services designed to help financial institutions, private banks, wealth managers and family offices streamline back-office functions and enhance front-office capabilities. SEI’s technology platforms support various stages of the investment lifecycle, including trade execution, performance reporting, risk analytics and client communications.

The company’s core offerings include outsourced fund administration, custody and trust services, managed account solutions, and wealth management technology.