Vanguard Personalized Indexing Management LLC Acquires 3,389 Shares of SEI Investments (NASDAQ:SEIC)

Vanguard Personalized Indexing Management LLC lifted its position in shares of SEI Investments (NASDAQ:SEICFree Report) by 27.7% during the third quarter, Holdings Channel.com reports. The firm owned 15,618 shares of the asset manager’s stock after buying an additional 3,389 shares during the quarter. Vanguard Personalized Indexing Management LLC’s holdings in SEI Investments were worth $941,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other large investors also recently made changes to their positions in SEIC. DHJJ Financial Advisors Ltd. bought a new position in shares of SEI Investments during the third quarter worth approximately $27,000. International Assets Investment Management LLC bought a new position in shares of SEI Investments during the third quarter worth approximately $37,000. Vestor Capital LLC bought a new position in shares of SEI Investments during the second quarter worth approximately $45,000. UniSuper Management Pty Ltd bought a new position in shares of SEI Investments during the second quarter worth approximately $48,000. Finally, Point72 Asset Management L.P. bought a new position in shares of SEI Investments during the second quarter worth approximately $71,000. Institutional investors own 69.64% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of equities analysts have recently weighed in on SEIC shares. Oppenheimer increased their target price on SEI Investments from $71.00 to $73.00 and gave the stock an “outperform” rating in a research note on Thursday, February 1st. Morgan Stanley increased their price target on SEI Investments from $60.00 to $61.00 and gave the stock an “underweight” rating in a research report on Friday, December 1st. StockNews.com raised SEI Investments from a “hold” rating to a “buy” rating in a research report on Wednesday, October 25th. Finally, Piper Sandler increased their price target on SEI Investments from $58.00 to $66.00 and gave the stock a “neutral” rating in a research report on Wednesday, December 20th. One investment analyst has rated the stock with a sell rating, two have issued a hold rating and two have issued a buy rating to the company. According to MarketBeat.com, the company has an average rating of “Hold” and a consensus target price of $67.00.

View Our Latest Analysis on SEIC

SEI Investments Stock Performance

Shares of SEIC stock opened at $67.20 on Tuesday. The stock’s fifty day moving average price is $63.54 and its two-hundred day moving average price is $60.64. The company has a market cap of $8.84 billion, a PE ratio of 19.42, a P/E/G ratio of 1.42 and a beta of 1.02. SEI Investments has a fifty-two week low of $52.19 and a fifty-two week high of $67.56.

SEI Investments (NASDAQ:SEICGet Free Report) last issued its earnings results on Wednesday, January 31st. The asset manager reported $0.91 earnings per share for the quarter, meeting analysts’ consensus estimates of $0.91. The firm had revenue of $484.86 million for the quarter, compared to the consensus estimate of $481.39 million. SEI Investments had a return on equity of 22.40% and a net margin of 24.08%. During the same quarter last year, the business posted $0.83 EPS. On average, equities analysts predict that SEI Investments will post 3.92 EPS for the current fiscal year.

SEI Investments Increases Dividend

The firm also recently announced a Semi-Annual dividend, which was paid on Tuesday, January 9th. Shareholders of record on Thursday, December 28th were issued a $0.46 dividend. This represents a dividend yield of 1.4%. The ex-dividend date of this dividend was Wednesday, December 27th. This is an increase from SEI Investments’s previous Semi-Annual dividend of $0.43. SEI Investments’s dividend payout ratio (DPR) is currently 26.59%.

SEI Investments declared that its Board of Directors has initiated a stock buyback program on Friday, December 15th that authorizes the company to buyback $250.00 million in shares. This buyback authorization authorizes the asset manager to repurchase up to 3% of its shares through open market purchases. Shares buyback programs are often an indication that the company’s leadership believes its shares are undervalued.

Insider Activity

In other news, EVP Wayne Withrow sold 8,924 shares of the stock in a transaction on Tuesday, November 21st. The stock was sold at an average price of $58.00, for a total value of $517,592.00. Following the completion of the transaction, the executive vice president now directly owns 55,399 shares in the company, valued at approximately $3,213,142. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. In other news, Chairman Alfred P. West, Jr. sold 29,343 shares of the stock in a transaction on Friday, December 1st. The stock was sold at an average price of $59.78, for a total value of $1,754,124.54. Following the completion of the transaction, the chairman now directly owns 8,029,315 shares in the company, valued at approximately $479,992,450.70. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, EVP Wayne Withrow sold 8,924 shares of the stock in a transaction on Tuesday, November 21st. The shares were sold at an average price of $58.00, for a total value of $517,592.00. Following the completion of the transaction, the executive vice president now owns 55,399 shares of the company’s stock, valued at $3,213,142. The disclosure for this sale can be found here. In the last ninety days, insiders sold 59,937 shares of company stock worth $3,676,311. Insiders own 15.50% of the company’s stock.

SEI Investments Profile

(Free Report)

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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Want to see what other hedge funds are holding SEIC? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for SEI Investments (NASDAQ:SEICFree Report).

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

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