Lecap Asset Management Ltd. Purchases 11,289 Shares of SEI Investments (NASDAQ:SEIC)

Lecap Asset Management Ltd. boosted its position in SEI Investments (NASDAQ:SEIC) by 145.2% in the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 19,064 shares of the asset manager’s stock after purchasing an additional 11,289 shares during the quarter. Lecap Asset Management Ltd.’s holdings in SEI Investments were worth $1,233,000 at the end of the most recent reporting period.

Several other large investors have also recently added to or reduced their stakes in SEIC. TFO Wealth Partners LLC grew its stake in shares of SEI Investments by 6,277.8% in the fourth quarter. TFO Wealth Partners LLC now owns 574 shares of the asset manager’s stock valued at $36,000 after acquiring an additional 565 shares in the last quarter. EverSource Wealth Advisors LLC grew its position in shares of SEI Investments by 78.3% during the 1st quarter. EverSource Wealth Advisors LLC now owns 626 shares of the asset manager’s stock worth $41,000 after purchasing an additional 275 shares in the last quarter. Bessemer Group Inc. increased its holdings in shares of SEI Investments by 184.7% during the first quarter. Bessemer Group Inc. now owns 595 shares of the asset manager’s stock worth $43,000 after purchasing an additional 386 shares during the period. Mather Group LLC. raised its position in shares of SEI Investments by 181.2% in the second quarter. Mather Group LLC. now owns 776 shares of the asset manager’s stock valued at $50,000 after buying an additional 500 shares in the last quarter. Finally, Evolution Advisers Inc. bought a new stake in shares of SEI Investments in the fourth quarter valued at approximately $55,000. Institutional investors own 70.59% of the company’s stock.

Insider Buying and Selling

In other SEI Investments news, Director William Doran sold 5,000 shares of the firm’s stock in a transaction on Monday, June 24th. The shares were sold at an average price of $67.04, for a total value of $335,200.00. Following the transaction, the director now directly owns 656,386 shares of the company’s stock, valued at $44,004,117.44. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. 14.30% of the stock is owned by insiders.

SEI Investments Stock Up 1.2 %

Shares of SEIC stock traded up $0.82 during trading hours on Wednesday, reaching $67.29. The company’s stock had a trading volume of 327,057 shares, compared to its average volume of 604,595. SEI Investments has a fifty-two week low of $52.19 and a fifty-two week high of $72.54. The firm’s 50 day simple moving average is $65.91 and its 200-day simple moving average is $67.19. The company has a market capitalization of $8.74 billion, a price-to-earnings ratio of 18.39, a PEG ratio of 1.33 and a beta of 0.99.

SEI Investments (NASDAQ:SEIC) last released its quarterly earnings data on Wednesday, July 24th. The asset manager reported $1.05 earnings per share for the quarter, beating the consensus estimate of $1.04 by $0.01. SEI Investments had a return on equity of 23.25% and a net margin of 25.44%. The business had revenue of $518.99 million for the quarter, compared to analyst estimates of $523.80 million. During the same period last year, the firm posted $0.89 earnings per share. SEI Investments’s revenue was up 6.1% compared to the same quarter last year. Sell-side analysts predict that SEI Investments will post 4.19 earnings per share for the current year.

SEI Investments Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Tuesday, June 18th. Shareholders of record on Monday, June 10th were paid a $0.46 dividend. The ex-dividend date was Monday, June 10th. This is a positive change from SEI Investments’s previous quarterly dividend of $0.40. This represents a $1.84 annualized dividend and a yield of 2.73%. SEI Investments’s payout ratio is 25.14%.

Wall Street Analysts Forecast Growth

SEIC has been the topic of a number of recent research reports. Piper Sandler lowered their price objective on SEI Investments from $72.00 to $71.00 and set a “neutral” rating on the stock in a research note on Thursday, July 25th. Keefe, Bruyette & Woods reaffirmed a “market perform” rating and issued a $73.00 price target (down previously from $74.00) on shares of SEI Investments in a research note on Thursday, July 25th. 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 company’s stock. According to data from MarketBeat.com, the stock currently has an average rating of “Hold” and a consensus price target of $71.25.

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.