Monument Capital Management Has $2.27 Million Stock Holdings in SEI Investments (NASDAQ:SEIC)

Monument Capital Management raised its position in SEI Investments (NASDAQ:SEICGet Rating) by 1.4% during the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 37,723 shares of the asset manager’s stock after purchasing an additional 522 shares during the quarter. Monument Capital Management’s holdings in SEI Investments were worth $2,271,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Trust Co. of Vermont bought a new stake in SEI Investments during the 4th quarter valued at approximately $40,000. Harbor Investment Advisory LLC bought a new position in SEI Investments in the 4th quarter valued at $49,000. Signaturefd LLC boosted its position in SEI Investments by 34.4% in the 4th quarter. Signaturefd LLC now owns 851 shares of the asset manager’s stock valued at $52,000 after buying an additional 218 shares during the last quarter. UMB Bank N A MO bought a new position in shares of SEI Investments in the 4th quarter worth $52,000. Finally, Lazard Asset Management LLC raised its stake in SEI Investments by 114.4% during the 4th quarter. Lazard Asset Management LLC now owns 879 shares of the asset manager’s stock worth $53,000 after buying an additional 469 shares during the period. Institutional investors own 70.44% of the company’s stock.

SEIC has been the topic of several recent research reports. Morgan Stanley dropped their price target on SEI Investments from $62.00 to $58.00 and set an “equal weight” rating on the stock in a research note on Thursday, June 2nd. The Goldman Sachs Group downgraded SEI Investments from a “buy” rating to a “neutral” rating and dropped their price target for the company from $67.00 to $65.00 in a research note on Monday, March 28th. Finally, StockNews.com assumed coverage on SEI Investments in a research report on Thursday, March 31st. They issued a “buy” rating on the stock. Four equities research analysts have rated the stock with a hold rating and two have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, the company presently has an average rating of “Hold” and an average target price of $65.00.

SEI Investments stock traded up $0.25 during midday trading on Thursday, reaching $52.92. 2,212 shares of the company’s stock were exchanged, compared to its average volume of 700,202. SEI Investments has a 52 week low of $51.34 and a 52 week high of $65.22. The company has a debt-to-equity ratio of 0.02, a quick ratio of 5.08 and a current ratio of 5.19. The firm has a market cap of $7.26 billion, a price-to-earnings ratio of 12.28, a P/E/G ratio of 1.08 and a beta of 1.04. The stock’s 50-day simple moving average is $55.98 and its 200 day simple moving average is $58.49.

SEI Investments (NASDAQ:SEICGet Rating) last posted its quarterly earnings results on Wednesday, April 20th. The asset manager reported $1.36 EPS for the quarter, hitting analysts’ consensus estimates of $1.36. SEI Investments had a return on equity of 32.49% and a net margin of 29.72%. The business had revenue of $581.44 million during the quarter, compared to analysts’ expectations of $560.41 million. During the same quarter last year, the company posted $0.89 earnings per share. SEI Investments’s quarterly revenue was up 27.6% on a year-over-year basis. Research analysts forecast that SEI Investments will post 4.07 earnings per share for the current year.

SEI Investments announced that its Board of Directors has initiated a share repurchase program on Wednesday, June 1st that permits the company to buyback $200.00 million in shares. This buyback authorization permits the asset manager to buy up to 2.5% of its stock through open market purchases. Stock buyback programs are typically an indication that the company’s leadership believes its stock is undervalued.

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, June 22nd. Stockholders of record on Monday, June 13th were issued a dividend of $0.40 per share. This represents a $1.60 dividend on an annualized basis and a dividend yield of 3.02%. The ex-dividend date of this dividend was Friday, June 10th. This is a boost from SEI Investments’s previous quarterly dividend of $0.37. SEI Investments’s payout ratio is currently 18.65%.

SEI Investments Company Profile (Get Rating)

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.

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Institutional Ownership by Quarter for SEI Investments (NASDAQ:SEIC)

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