BI Asset Management Fondsmaeglerselskab A S Purchases Shares of 70,449 SEI Investments Company $SEIC

BI Asset Management Fondsmaeglerselskab A S acquired a new stake in shares of SEI Investments Company (NASDAQ:SEIC) in the 1st quarter, Holdings Channel.com reports. The institutional investor acquired 70,449 shares of the asset manager’s stock, valued at approximately $5,528,000.

A number of other institutional investors and hedge funds have also made changes to their positions in SEIC. Allworth Financial LP raised its position in shares of SEI Investments by 44.0% in the 3rd 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. Commerce Bank grew its position in SEI Investments by 1.3% during the fourth quarter. Commerce Bank now owns 10,060 shares of the asset manager’s stock valued at $825,000 after acquiring an additional 133 shares during the period. Focus Partners Advisor Solutions LLC increased its stake in SEI Investments by 1.2% during the fourth quarter. Focus Partners Advisor Solutions LLC now owns 11,957 shares of the asset manager’s stock worth $981,000 after acquiring an additional 141 shares during the last quarter. Farther Finance Advisors LLC raised its holdings in shares of SEI Investments by 10.4% in the 4th quarter. Farther Finance Advisors LLC now owns 1,704 shares of the asset manager’s stock worth $140,000 after purchasing an additional 161 shares during the period. Finally, GAMMA Investing LLC lifted its stake in shares of SEI Investments by 2.3% in the 4th 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 in the last quarter. 70.59% of the stock is currently owned by institutional investors and hedge funds.

SEI Investments Price Performance

Shares of NASDAQ SEIC opened at $90.51 on Tuesday. SEI Investments Company has a 1-year low of $75.08 and a 1-year high of $93.96. The business has a 50-day moving average of $88.34 and a 200-day moving average of $84.32. The company has a debt-to-equity ratio of 0.07, a current ratio of 4.52 and a quick ratio of 4.40. The company has a market capitalization of $10.89 billion, a price-to-earnings ratio of 15.45 and a beta of 0.97.

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

SEI Investments Dividend Announcement

The company also recently disclosed a dividend, which was paid on Tuesday, June 16th. Stockholders of record on Monday, June 8th were paid a dividend of $0.52 per share. The ex-dividend date was Monday, June 8th. This represents a dividend yield of 118.0%. SEI Investments’s dividend payout ratio (DPR) is currently 17.75%.

Analyst Ratings Changes

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

Insider Activity

In related news, insider Sanjay Sharma sold 25,000 shares of the firm’s stock in a transaction on Thursday, April 23rd. The shares were sold at an average price of $90.12, for a total transaction of $2,253,000.00. Following the completion of the sale, the insider directly owned 39,829 shares of the company’s stock, valued at approximately $3,589,389.48. This trade represents a 38.56% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, Director Kathryn Mccarthy sold 10,000 shares of SEI Investments stock in a transaction on Monday, May 4th. The stock was sold at an average price of $91.07, for a total transaction of $910,700.00. Following the sale, the director directly owned 77,883 shares in the company, valued at $7,092,804.81. This trade represents a 11.38% decrease in their position. The SEC filing for this sale provides additional information. In the last three months, insiders sold 54,000 shares of company stock valued at $4,905,640. 4.80% of the stock is currently owned by company insiders.

SEI Investments Profile

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.