Candriam S.C.A. Invests $3.30 Million in SEI Investments (NASDAQ:SEIC)

Candriam S.C.A. bought a new position in SEI Investments (NASDAQ:SEIC) during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm bought 39,962 shares of the asset manager’s stock, valued at approximately $3,296,000.

Several other institutional investors and hedge funds have also recently made changes to their positions in SEIC. First Horizon Advisors Inc. grew its holdings in shares of SEI Investments by 101.3% in the third quarter. First Horizon Advisors Inc. now owns 461 shares of the asset manager’s stock worth $32,000 after purchasing an additional 232 shares during the last quarter. Allworth Financial LP grew its holdings in shares of SEI Investments by 53.7% in the fourth quarter. Allworth Financial LP now owns 452 shares of the asset manager’s stock worth $38,000 after purchasing an additional 158 shares during the last quarter. Point72 DIFC Ltd bought a new position in shares of SEI Investments in the third quarter worth approximately $45,000. Principal Securities Inc. grew its holdings 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 worth $109,000 after purchasing an additional 155 shares during the last quarter. Finally, Global Retirement Partners LLC lifted its stake in SEI Investments by 13.2% in the fourth quarter. Global Retirement Partners LLC now owns 1,450 shares of the asset manager’s stock worth $120,000 after acquiring an additional 169 shares during the period. Institutional investors own 70.59% of the company’s stock.

Insider Activity

In other news, Chairman Alfred P. West, Jr. sold 94,158 shares of the firm’s stock in a transaction on Friday, December 13th. The stock was sold at an average price of $85.73, for a total transaction of $8,072,165.34. Following the completion of the transaction, the chairman now directly owns 7,284,964 shares in the company, valued at $624,539,963.72. This trade represents a 1.28 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, insider Mark Andrew Warner sold 5,000 shares of the firm’s stock in a transaction on Monday, March 3rd. The shares were sold at an average price of $80.39, for a total value of $401,950.00. Following the transaction, the insider now owns 1,300 shares of the company’s stock, valued at $104,507. The trade was a 79.37 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 225,414 shares of company stock worth $18,801,608 over the last three months. 14.30% of the stock is currently owned by corporate insiders.

SEI Investments Trading Down 0.3 %

Shares of SEI Investments stock opened at $75.77 on Friday. The firm has a market capitalization of $9.62 billion, a P/E ratio of 17.14, a P/E/G ratio of 1.41 and a beta of 0.94. The business has a fifty day simple moving average of $82.11 and a two-hundred day simple moving average of $77.52. SEI Investments has a 12 month low of $62.38 and a 12 month high of $87.25.

SEI Investments (NASDAQ:SEIC) last announced its quarterly earnings data 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 net margin of 27.35% and a return on equity of 25.51%. Analysts predict that SEI Investments will post 4.86 earnings per share for the current year.

SEI Investments Increases Dividend

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

Wall Street Analyst Weigh In

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

SEI Investments Profile

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.