SEI Investments (NASDAQ:SEIC) Shares Sold by Sanctuary Advisors LLC

Sanctuary Advisors LLC decreased its holdings in SEI Investments (NASDAQ:SEIC) by 18.1% during the 4th quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 47,370 shares of the asset manager’s stock after selling 10,471 shares during the quarter. Sanctuary Advisors LLC’s holdings in SEI Investments were worth $4,075,000 as of its most recent filing with the SEC.

Other institutional investors have also modified their holdings of the company. First Horizon Advisors Inc. increased its holdings in 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 buying an additional 232 shares during the last quarter. Allworth Financial LP increased its holdings in 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 buying an additional 158 shares during the last quarter. Point72 DIFC Ltd bought a new stake in SEI Investments in the third quarter valued at about $45,000. Principal Securities Inc. increased its holdings in 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 buying an additional 155 shares during the last quarter. Finally, International Assets Investment Management LLC increased its holdings in SEI Investments by 6,818.9% in the third quarter. International Assets Investment Management LLC now owns 2,560 shares of the asset manager’s stock valued at $177,000 after buying an additional 2,523 shares during the last quarter. Institutional investors and hedge funds own 70.59% of the company’s stock.

SEI Investments Trading Down 2.4 %

NASDAQ:SEIC opened at $80.25 on Friday. The firm has a market capitalization of $10.35 billion, a PE ratio of 18.16, a price-to-earnings-growth ratio of 1.42 and a beta of 0.98. The stock has a 50 day moving average of $83.17 and a 200-day moving average of $76.56. SEI Investments has a 52 week low of $62.38 and a 52 week high of $87.25.

SEI Investments (NASDAQ:SEIC) last posted its earnings results 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%. As a group, analysts predict that SEI Investments will post 4.86 EPS for the current fiscal year.

SEI Investments Increases Dividend

The firm also recently disclosed a semi-annual dividend, which was paid on Wednesday, January 8th. Stockholders 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 an increase from SEI Investments’s previous semi-annual dividend of $0.46. This represents a dividend yield of 1.1%. SEI Investments’s payout ratio is currently 22.17%.

Wall Street Analysts Forecast Growth

SEIC has been the subject of several research analyst reports. Oppenheimer boosted their price objective on SEI Investments from $85.00 to $94.00 and gave the company an “outperform” rating in a report on Tuesday, January 7th. Piper Sandler boosted their price objective on SEI Investments from $77.00 to $87.00 and gave the company a “neutral” rating in a report 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 report on Thursday, January 30th. Morgan Stanley boosted their price objective on SEI Investments from $75.00 to $80.00 and gave the company an “underweight” rating in a report on Friday, January 3rd. Finally, Keefe, Bruyette & Woods reaffirmed a “market perform” rating and set a $90.00 target price (up from $86.00) on shares of SEI Investments in a report on Thursday, January 30th. One research analyst has rated the stock with a sell rating, two have given a hold rating and three have given a buy rating to the stock. According to data from MarketBeat.com, SEI Investments presently has a consensus rating of “Hold” and an average target price of $90.00.

Insider Transactions at SEI Investments

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

SEI Investments Company 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.