Raymond James Financial Services Advisors Inc. Has $1.33 Million Holdings in SEI Investments (NASDAQ:SEIC)

Raymond James Financial Services Advisors Inc. trimmed its position in shares of SEI Investments (NASDAQ:SEICGet Rating) by 3.7% during the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 27,077 shares of the asset manager’s stock after selling 1,034 shares during the period. Raymond James Financial Services Advisors Inc.’s holdings in SEI Investments were worth $1,328,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Private Trust Co. NA bought a new position in shares of SEI Investments in the 2nd quarter valued at about $39,000. EverSource Wealth Advisors LLC bought a new position in SEI Investments during the second quarter worth about $70,000. Group One Trading L.P. acquired a new position in SEI Investments during the second quarter worth approximately $88,000. Steward Partners Investment Advisory LLC raised its stake in SEI Investments by 11.8% in the second quarter. Steward Partners Investment Advisory LLC now owns 1,795 shares of the asset manager’s stock valued at $97,000 after buying an additional 189 shares during the period. Finally, Covestor Ltd lifted its position in shares of SEI Investments by 121.3% in the first quarter. Covestor Ltd now owns 2,195 shares of the asset manager’s stock valued at $132,000 after buying an additional 1,203 shares during the last quarter. 69.45% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

A number of equities analysts have recently weighed in on the company. Oppenheimer increased their target price on SEI Investments from $59.00 to $67.00 and gave the stock an “outperform” rating in a research note on Wednesday, November 16th. StockNews.com cut shares of SEI Investments from a “buy” rating to a “hold” rating in a research note on Friday, December 23rd. TheStreet upgraded SEI Investments from a “c+” rating to a “b-” rating in a research note on Wednesday, November 16th. Morgan Stanley raised their price objective on SEI Investments from $51.00 to $53.00 and gave the company an “underweight” rating in a research note on Thursday, December 1st. Finally, The Goldman Sachs Group raised their price target on shares of SEI Investments from $56.00 to $63.00 and gave the company a “neutral” rating in a research note on Wednesday, November 23rd. One investment analyst has rated the stock with a sell rating, two have assigned a hold rating and two have assigned a buy rating to the company’s stock. Based on data from MarketBeat, SEI Investments currently has an average rating of “Hold” and an average target price of $59.80.

Insider Activity at SEI Investments

In other news, EVP Kevin Barr sold 10,000 shares of the business’s stock in a transaction dated Tuesday, December 6th. The stock was sold at an average price of $62.00, for a total value of $620,000.00. Following the transaction, the executive vice president now directly owns 174,741 shares of the company’s stock, valued at approximately $10,833,942. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. In other news, EVP Wayne Withrow sold 15,000 shares of the firm’s stock in a transaction dated Tuesday, November 1st. The stock was sold at an average price of $54.51, for a total value of $817,650.00. Following the completion of the sale, the executive vice president now directly owns 38,799 shares in the company, valued at approximately $2,114,933.49. The sale was disclosed in a document filed with the SEC, which is accessible through this link. Also, EVP Kevin Barr sold 10,000 shares of the company’s stock in a transaction that occurred on Tuesday, December 6th. The stock was sold at an average price of $62.00, for a total value of $620,000.00. Following the transaction, the executive vice president now directly owns 174,741 shares in the company, valued at $10,833,942. The disclosure for this sale can be found here. Insiders have sold a total of 35,100 shares of company stock worth $2,036,235 over the last quarter. Company insiders own 25.40% of the company’s stock.

SEI Investments Stock Performance

Shares of NASDAQ:SEIC opened at $60.82 on Friday. The firm has a market cap of $8.20 billion, a PE ratio of 16.66, a price-to-earnings-growth ratio of 1.48 and a beta of 1.01. SEI Investments has a 52 week low of $46.30 and a 52 week high of $63.49. The firm’s fifty day moving average is $60.53 and its 200-day moving average is $55.99.

SEI Investments (NASDAQ:SEICGet Rating) last announced its earnings results on Wednesday, October 26th. The asset manager reported $0.77 EPS for the quarter, topping the consensus estimate of $0.69 by $0.08. The firm had revenue of $471.33 million for the quarter, compared to the consensus estimate of $459.35 million. SEI Investments had a return on equity of 28.74% and a net margin of 24.98%. Sell-side analysts forecast that SEI Investments will post 3.75 EPS for the current year.

SEI Investments Increases Dividend

The company also recently disclosed a Semi-Annual dividend, which was paid on Thursday, January 5th. Stockholders of record on Monday, December 19th were given a dividend of $0.43 per share. The ex-dividend date of this dividend was Friday, December 16th. This is a boost from SEI Investments’s previous Semi-Annual dividend of $0.40. This represents a dividend yield of 1.4%. SEI Investments’s dividend payout ratio is 23.56%.

SEI Investments 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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