SEI Investments (SEIC) Projected to Post Earnings on Wednesday

SEI Investments (NASDAQ:SEIC) will likely be posting its quarterly earnings results after the market closes on Wednesday, January 29th. Analysts expect SEI Investments to post earnings of $1.21 per share and revenue of $556,165.80 billion for the quarter. Individual interested in listening to the company’s earnings conference call can do so using this link.

SEI Investments Trading Down 1.7 %

Shares of SEIC opened at $83.45 on Tuesday. SEI Investments has a 12-month low of $62.38 and a 12-month high of $87.25. The company has a market cap of $10.76 billion, a PE ratio of 20.16, a price-to-earnings-growth ratio of 1.44 and a beta of 0.98. The stock has a 50-day moving average price of $82.78 and a 200-day moving average price of $74.42.

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 given a dividend of $0.49 per share. The ex-dividend date was Friday, December 27th. This is a positive change from SEI Investments’s previous semi-annual dividend of $0.46. This represents a yield of 1.1%. SEI Investments’s payout ratio is presently 23.67%.

SEI Investments declared that its Board of Directors has approved a share buyback program on Tuesday, October 22nd that authorizes the company to repurchase $400.00 million in outstanding shares. This repurchase authorization authorizes the asset manager to buy up to 4.3% of its shares through open market purchases. Shares repurchase programs are often a sign that the company’s board of directors believes its shares are undervalued.

Wall Street Analyst Weigh In

A number of research firms have recently issued reports on SEIC. Keefe, Bruyette & Woods lifted their price objective on shares of SEI Investments from $76.00 to $86.00 and gave the stock a “market perform” rating in a report on Friday, December 20th. Morgan Stanley upped their price objective on SEI Investments from $75.00 to $80.00 and gave the stock an “underweight” rating in a report on Friday, January 3rd. Oppenheimer upped their target price on SEI Investments from $85.00 to $94.00 and gave the stock an “outperform” rating in a research note on Tuesday, January 7th. Finally, Piper Sandler lifted their price target on shares of SEI Investments from $77.00 to $87.00 and gave the stock a “neutral” rating in a research note on Monday, December 23rd. One analyst has rated the stock with a sell rating, two have given a hold rating and two have given a buy rating to the stock. Based on data from MarketBeat, the company presently has an average rating of “Hold” and a consensus target price of $86.75.

Insider Activity

In related news, EVP Michael Peterson sold 10,000 shares of the firm’s stock in a transaction dated Wednesday, November 6th. The stock was sold at an average price of $79.14, for a total value of $791,400.00. Following the sale, the executive vice president now directly owns 6,500 shares of the company’s stock, valued at $514,410. This trade represents a 60.61 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, Chairman Alfred P. West, Jr. sold 52,042 shares of the business’s stock in a transaction that occurred on Monday, December 16th. The shares were sold at an average price of $85.23, for a total value of $4,435,539.66. Following the transaction, the chairman now directly owns 7,232,922 shares in the company, valued at $616,461,942.06. This trade represents a 0.71 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last quarter, insiders sold 186,194 shares of company stock valued at $15,769,472. Insiders own 14.30% of the company’s stock.

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.