SEI Investments (NASDAQ:SEIC) Receives Consensus Rating of “Hold” from Brokerages

SEI Investments (NASDAQ:SEIC) has earned a consensus rating of “Hold” from the five ratings firms that are covering the firm, Marketbeat reports. One equities research analyst has rated the stock with a sell rating, two have given a hold rating and two have issued a buy rating on the company. The average 1 year price objective among brokers that have issued a report on the stock in the last year is $90.00.

A number of equities analysts have recently commented on the company. Piper Sandler boosted their price target on SEI Investments from $77.00 to $87.00 and gave the stock 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 target price for the company in a report on Thursday, January 30th. Morgan Stanley upped their target price on SEI Investments from $75.00 to $80.00 and gave the stock an “underweight” rating in a report on Friday, January 3rd. Oppenheimer upped their target price on SEI Investments from $85.00 to $94.00 and gave the stock an “outperform” rating in a report on Tuesday, January 7th. Finally, Keefe, Bruyette & Woods reaffirmed a “market perform” rating and issued a $90.00 target price (up previously from $86.00) on shares of SEI Investments in a report on Thursday, January 30th.

Insider Buying and Selling at SEI Investments

In other SEI Investments news, Chairman Alfred P. West, Jr. sold 5,984 shares of the company’s stock in a transaction dated Friday, December 6th. The stock was sold at an average price of $84.23, for a total value of $504,032.32. Following the sale, the chairman now owns 7,371,522 shares in the company, valued at approximately $620,903,298.06. The trade was a 0.08 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through this link. In the last quarter, insiders have sold 171,194 shares of company stock worth $14,579,872. Insiders own 14.30% of the company’s stock.

Institutional Investors Weigh In On SEI Investments

Institutional investors have recently made changes to their positions in the stock. First Horizon Advisors Inc. boosted its position in shares of SEI Investments by 25.4% during the 4th quarter. First Horizon Advisors Inc. now owns 578 shares of the asset manager’s stock valued at $48,000 after purchasing an additional 117 shares in the last quarter. Aurora Investment Counsel boosted its position in shares of SEI Investments by 0.6% during the 3rd quarter. Aurora Investment Counsel now owns 25,162 shares of the asset manager’s stock valued at $1,741,000 after purchasing an additional 144 shares in the last quarter. Venturi Wealth Management LLC boosted its position in shares of SEI Investments by 7.3% during the 4th quarter. Venturi Wealth Management LLC now owns 2,105 shares of the asset manager’s stock valued at $174,000 after purchasing an additional 144 shares in the last quarter. Ashton Thomas Securities LLC boosted its position in shares of SEI Investments by 2.5% during the 4th quarter. Ashton Thomas Securities LLC now owns 5,969 shares of the asset manager’s stock valued at $492,000 after purchasing an additional 145 shares in the last quarter. Finally, Principal Securities Inc. boosted its position in shares of SEI Investments by 13.3% during the 4th quarter. Principal Securities Inc. now owns 1,324 shares of the asset manager’s stock valued at $109,000 after purchasing an additional 155 shares in the last quarter. Institutional investors own 70.59% of the company’s stock.

SEI Investments Stock Performance

SEI Investments stock opened at $80.05 on Monday. SEI Investments has a 52 week low of $62.38 and a 52 week high of $87.25. The stock has a market capitalization of $10.16 billion, a P/E ratio of 18.11, a price-to-earnings-growth ratio of 1.41 and a beta of 0.98. The stock has a fifty day moving average of $82.83 and a 200-day moving average of $77.09.

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

SEI Investments Increases Dividend

The business also recently declared a semi-annual dividend, which was paid on Wednesday, January 8th. Shareholders of record on Friday, December 27th were given a $0.49 dividend. This represents a dividend 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%.

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.