Amalgamated Bank Purchases 587 Shares of SEI Investments (NASDAQ:SEIC)

Amalgamated Bank lifted its position in SEI Investments (NASDAQ:SEIC) by 1.2% in the 4th quarter, Holdings Channel.com reports. The fund owned 49,067 shares of the asset manager’s stock after acquiring an additional 587 shares during the period. Amalgamated Bank’s holdings in SEI Investments were worth $4,047,000 at the end of the most recent quarter.

Other large investors have also recently made changes to their positions in the company. Boston Trust Walden Corp raised its position in SEI Investments by 1.6% in the 4th quarter. Boston Trust Walden Corp now owns 1,306,329 shares of the asset manager’s stock worth $107,746,000 after purchasing an additional 20,020 shares during the period. Longboard Asset Management LP bought a new position in shares of SEI Investments during the fourth quarter valued at approximately $267,000. CHURCHILL MANAGEMENT Corp purchased a new stake in shares of SEI Investments in the fourth quarter worth approximately $1,818,000. Lecap Asset Management Ltd. bought a new stake in shares of SEI Investments during the 4th quarter worth approximately $480,000. Finally, Portfolio Design Labs LLC grew its position in SEI Investments by 22.5% in the 4th quarter. Portfolio Design Labs LLC now owns 30,102 shares of the asset manager’s stock valued at $2,483,000 after acquiring an additional 5,522 shares during the last quarter. 70.59% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

A number of analysts have recently issued reports on SEIC shares. Keefe, Bruyette & Woods reissued a “market perform” rating and set a $90.00 target price (up from $86.00) on shares of SEI Investments in a research note on Thursday, January 30th. Piper Sandler upped their target price 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. Raymond James raised shares of SEI Investments from a “market perform” rating to an “outperform” rating and set a $99.00 target price on the stock in a research report on Thursday, January 30th. Oppenheimer boosted their price target on SEI Investments from $85.00 to $94.00 and gave the company an “outperform” rating in a report on Tuesday, January 7th. Finally, Morgan Stanley raised 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. One research analyst has rated the stock with a sell rating, two have assigned a hold rating and three have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, SEI Investments presently has a consensus rating of “Hold” and an average price target of $90.00.

SEI Investments Stock Performance

Shares of SEIC opened at $80.05 on Friday. The company has a 50 day moving average price of $82.83 and a 200-day moving average price of $77.09. SEI Investments has a fifty-two week low of $62.38 and a fifty-two week high of $87.25. The stock has a market capitalization of $10.16 billion, a PE ratio of 18.11, a PEG ratio of 1.41 and a beta of 0.98.

SEI Investments (NASDAQ:SEIC) last posted its earnings results on Wednesday, January 29th. The asset manager reported $1.19 earnings per share 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%. Equities research analysts forecast that SEI Investments will post 4.86 EPS for the current year.

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 paid a $0.49 dividend. This represents a yield of 1.1%. The ex-dividend date was Friday, December 27th. This is a positive change from SEI Investments’s previous semi-annual dividend of $0.46. SEI Investments’s payout ratio is 22.17%.

Insiders Place Their Bets

In other news, Chairman Alfred P. West, Jr. sold 19,010 shares of SEI Investments stock in a transaction that occurred on Wednesday, December 4th. The shares were sold at an average price of $82.49, for a total value of $1,568,134.90. Following the transaction, the chairman now owns 7,377,506 shares of the company’s stock, valued at $608,570,469.94. The trade was a 0.26 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Over the last ninety days, insiders sold 171,194 shares of company stock worth $14,579,872. 14.30% of the stock is owned by corporate insiders.

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.