Fjarde AP Fonden Fourth Swedish National Pension Fund Sells 34,713 Shares of SEI Investments (NASDAQ:SEIC)

Fjarde AP Fonden Fourth Swedish National Pension Fund cut its stake in SEI Investments (NASDAQ:SEIC) by 49.4% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 35,534 shares of the asset manager’s stock after selling 34,713 shares during the quarter. Fjarde AP Fonden Fourth Swedish National Pension Fund’s holdings in SEI Investments were worth $2,931,000 as of its most recent SEC filing.

Other large investors also recently modified their holdings of the company. First Horizon Advisors Inc. raised its position 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 valued at $32,000 after purchasing an additional 232 shares during the period. Allworth Financial LP raised its position 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 valued at $38,000 after purchasing an additional 158 shares during the period. Point72 DIFC Ltd bought a new position in shares of SEI Investments in the third quarter valued at about $45,000. Principal Securities Inc. grew its stake 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 valued at $109,000 after acquiring an additional 155 shares in the last quarter. Finally, Global Retirement Partners LLC grew its stake in shares of SEI Investments by 13.2% in the fourth quarter. Global Retirement Partners LLC now owns 1,450 shares of the asset manager’s stock valued at $120,000 after acquiring an additional 169 shares in the last quarter. 70.59% of the stock is owned by institutional investors.

Insider Activity

In other news, Chairman Alfred P. West, Jr. sold 5,984 shares of the firm’s stock in a transaction that occurred on Friday, December 6th. The shares were sold at an average price of $84.23, for a total value of $504,032.32. Following the sale, the chairman now directly owns 7,371,522 shares in the company, valued at approximately $620,903,298.06. This trade represents a 0.08 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. In the last three months, insiders have sold 171,194 shares of company stock worth $14,579,872. Corporate insiders own 14.30% of the company’s stock.

SEI Investments Stock Down 0.2 %

Shares of SEI Investments stock opened at $79.48 on Thursday. The company has a market capitalization of $10.25 billion, a price-to-earnings ratio of 17.98, a PEG ratio of 1.41 and a beta of 0.98. SEI Investments has a 12-month low of $62.38 and a 12-month high of $87.25. The firm’s 50-day moving average price is $82.92 and its two-hundred day moving average price is $76.96.

SEI Investments (NASDAQ:SEIC) last announced its quarterly earnings data on Wednesday, January 29th. The asset manager reported $1.19 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.21 by ($0.02). SEI Investments had a return on equity of 25.51% and a net margin of 27.35%. On average, sell-side analysts expect 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 paid a $0.49 dividend. This is an increase from SEI Investments’s previous semi-annual dividend of $0.46. This represents a dividend yield of 1.1%. The ex-dividend date was Friday, December 27th. SEI Investments’s dividend payout ratio (DPR) is presently 22.17%.

Analyst Ratings Changes

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

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.