Insider Selling: SEI Investments (NASDAQ:SEIC) Insider Sells 5,000 Shares of Stock

SEI Investments (NASDAQ:SEIC) insider Mark Andrew Warner sold 5,000 shares of the stock in a transaction that occurred on Monday, March 3rd. The shares were sold at an average price of $80.39, for a total transaction of $401,950.00. Following the transaction, the insider now owns 1,300 shares in the company, valued at $104,507. The trade was a 79.37 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link.

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 $82.26 and a two-hundred day simple moving average of $77.39. 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%.

Hedge Funds Weigh In On SEI Investments

Several institutional investors and hedge funds have recently modified their holdings of SEIC. Creative Planning increased its holdings in shares of SEI Investments by 2.3% during the third quarter. Creative Planning now owns 8,086 shares of the asset manager’s stock valued at $559,000 after acquiring an additional 182 shares in the last quarter. Private Advisor Group LLC increased its holdings in shares of SEI Investments by 9.4% during the third quarter. Private Advisor Group LLC now owns 3,550 shares of the asset manager’s stock valued at $246,000 after acquiring an additional 306 shares in the last quarter. International Assets Investment Management LLC increased its holdings in shares of SEI Investments by 6,818.9% during the third quarter. International Assets Investment Management LLC now owns 2,560 shares of the asset manager’s stock valued at $177,000 after acquiring an additional 2,523 shares in the last quarter. Van ECK Associates Corp increased its holdings in shares of SEI Investments by 72.3% during the third quarter. Van ECK Associates Corp now owns 94,605 shares of the asset manager’s stock valued at $6,689,000 after acquiring an additional 39,711 shares in the last quarter. Finally, Asset Management One Co. Ltd. increased its holdings in shares of SEI Investments by 25.9% during the third quarter. Asset Management One Co. Ltd. now owns 71,842 shares of the asset manager’s stock valued at $4,971,000 after acquiring an additional 14,757 shares in the last quarter. 70.59% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

A number of analysts have recently weighed in on SEIC shares. Piper Sandler increased their price objective on 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 raised SEI Investments from a “market perform” rating to an “outperform” rating and set a $99.00 price objective for the company in a research note on Thursday, January 30th. Keefe, Bruyette & Woods reissued a “market perform” rating and set a $90.00 price objective (up previously from $86.00) on shares of SEI Investments in a research note on Thursday, January 30th. Morgan Stanley increased their price objective on SEI Investments from $75.00 to $80.00 and gave the company an “underweight” rating in a research note on Friday, January 3rd. Finally, 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. 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. According to MarketBeat, SEI Investments has an average rating of “Hold” and a consensus price target 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.