KAMES CAPITAL plc lowered its holdings in SEI Investments (NASDAQ:SEIC) by 16.3% during the fourth quarter, HoldingsChannel reports. The firm owned 27,542 shares of the asset manager’s stock after selling 5,346 shares during the period. KAMES CAPITAL plc’s holdings in SEI Investments were worth $1,979,000 at the end of the most recent reporting period.
Other institutional investors have also bought and sold shares of the company. Prudential Financial Inc. boosted its stake in SEI Investments by 88.3% in the third quarter. Prudential Financial Inc. now owns 509,716 shares of the asset manager’s stock worth $31,123,000 after purchasing an additional 239,000 shares in the last quarter. American Capital Management Inc. lifted its stake in shares of SEI Investments by 0.5% during the third quarter. American Capital Management Inc. now owns 849,780 shares of the asset manager’s stock valued at $51,888,000 after acquiring an additional 4,620 shares during the period. Shell Asset Management Co. lifted its stake in shares of SEI Investments by 238.1% during the third quarter. Shell Asset Management Co. now owns 22,578 shares of the asset manager’s stock valued at $816,000 after acquiring an additional 15,900 shares during the period. BP PLC acquired a new position in shares of SEI Investments during the third quarter valued at $977,000. Finally, Atlantic Trust Group LLC lifted its stake in shares of SEI Investments by 2.5% during the third quarter. Atlantic Trust Group LLC now owns 70,010 shares of the asset manager’s stock valued at $4,275,000 after acquiring an additional 1,715 shares during the period. 70.47% of the stock is currently owned by institutional investors.
Several equities analysts have recently issued reports on the company. Mizuho reaffirmed a “buy” rating and set a $72.00 price target on shares of SEI Investments in a research note on Friday, November 17th. Zacks Investment Research raised SEI Investments from a “hold” rating to a “buy” rating and set a $72.00 price target on the stock in a research note on Monday, October 30th. Finally, Oppenheimer upped their price target on SEI Investments from $60.00 to $67.00 and gave the company an “outperform” rating in a research note on Thursday, September 28th. Two investment analysts have rated the stock with a hold rating, three have given a buy rating and one has given a strong buy rating to the company’s stock. SEI Investments presently has a consensus rating of “Buy” and an average price target of $70.25.
SEI Investments (NASDAQ SEIC) opened at $76.65 on Friday. The company has a debt-to-equity ratio of 0.03, a quick ratio of 5.41 and a current ratio of 5.52. SEI Investments has a one year low of $47.88 and a one year high of $76.76. The stock has a market capitalization of $11,901.83, a price-to-earnings ratio of 32.86, a PEG ratio of 2.02 and a beta of 1.40.
SEI Investments (NASDAQ:SEIC) last issued its quarterly earnings results on Wednesday, October 25th. The asset manager reported $0.63 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.57 by $0.06. SEI Investments had a return on equity of 27.12% and a net margin of 24.94%. The business had revenue of $368.02 million for the quarter, compared to analyst estimates of $384.43 million. During the same quarter in the prior year, the firm posted $0.53 earnings per share. The firm’s revenue for the quarter was up 3.8% compared to the same quarter last year. analysts forecast that SEI Investments will post 2.36 EPS for the current fiscal year.
The business also recently disclosed a semiannual dividend, which was paid on Monday, January 8th. Investors of record on Wednesday, December 27th were issued a $0.30 dividend. This represents a yield of 0.85%. The ex-dividend date of this dividend was Tuesday, December 26th. This is an increase from SEI Investments’s previous semiannual dividend of $0.28. SEI Investments’s dividend payout ratio is currently 26.09%.
SEI Investments announced that its board has approved a share repurchase plan on Wednesday, October 25th that authorizes the company to repurchase $200.00 million in shares. This repurchase authorization authorizes the asset manager to buy shares of its stock through open market purchases. Stock repurchase plans are typically a sign that the company’s management believes its stock is undervalued.
In related news, insider Wayne Withrow sold 10,000 shares of the company’s stock in a transaction dated Tuesday, December 5th. The stock was sold at an average price of $70.35, for a total value of $703,500.00. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, major shareholder Alfred P. West, Jr. sold 50,000 shares of the company’s stock in a transaction dated Thursday, November 2nd. The shares were sold at an average price of $64.64, for a total value of $3,232,000.00. Following the completion of the sale, the insider now owns 10,619,272 shares of the company’s stock, valued at approximately $686,429,742.08. The disclosure for this sale can be found here. Insiders sold 136,250 shares of company stock valued at $9,057,050 in the last quarter. 16.50% of the stock is currently owned by corporate insiders.
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SEI Investments Profile
SEI Investments Company provides investment processing, investment management and investment operations solutions. The Company provides its solutions to financial institutions, financial advisors, institutional investors, investment managers and ultra-high-net-worth families in the United States, Canada, the United Kingdom, continental Europe and various other locations around the world.
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