SEI Investments (NASDAQ:SEIC) Shares Sold by JLB & Associates Inc.

JLB & Associates Inc. trimmed its position in shares of SEI Investments (NASDAQ:SEIC) by 2.5% during the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 281,186 shares of the asset manager’s stock after selling 7,338 shares during the period. SEI Investments makes up approximately 3.1% of JLB & Associates Inc.’s investment portfolio, making the stock its 9th largest position. JLB & Associates Inc. owned about 0.22% of SEI Investments worth $23,192,000 at the end of the most recent reporting period.

Other hedge funds have also recently bought and sold shares of the company. First Horizon Advisors Inc. boosted its position in shares of SEI Investments by 101.3% during the 3rd quarter. First Horizon Advisors Inc. now owns 461 shares of the asset manager’s stock worth $32,000 after acquiring an additional 232 shares in the last quarter. Allworth Financial LP lifted its stake in SEI Investments by 53.7% during the fourth quarter. Allworth Financial LP now owns 452 shares of the asset manager’s stock worth $38,000 after purchasing an additional 158 shares during the last quarter. Point72 DIFC Ltd acquired a new stake in shares of SEI Investments in the 3rd quarter valued at $45,000. Principal Securities Inc. increased its stake in shares of SEI Investments by 13.3% in 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 during the last quarter. Finally, Global Retirement Partners LLC increased its stake in shares of SEI Investments by 13.2% in the 4th quarter. Global Retirement Partners LLC now owns 1,450 shares of the asset manager’s stock valued at $120,000 after purchasing an additional 169 shares during the last quarter. 70.59% of the stock is owned by institutional investors.

Insider Activity at SEI Investments

In other SEI Investments news, Chairman Alfred P. West, Jr. sold 94,158 shares of the company’s stock in a transaction dated Friday, December 13th. The stock was sold at an average price of $85.73, for a total value of $8,072,165.34. Following the sale, the chairman now owns 7,284,964 shares in the company, valued at approximately $624,539,963.72. The trade was a 1.28 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through this link. Insiders sold 171,194 shares of company stock worth $14,579,872 over the last three months. Company insiders own 14.30% of the company’s stock.

Analyst Upgrades and Downgrades

Several analysts recently weighed in on the company. Oppenheimer upped their price objective on SEI Investments from $85.00 to $94.00 and gave the stock an “outperform” rating in a research report on Tuesday, January 7th. Morgan Stanley increased their target price on shares of SEI Investments from $75.00 to $80.00 and gave the stock an “underweight” rating in a report on Friday, January 3rd. Keefe, Bruyette & Woods restated a “market perform” rating and issued a $90.00 price target (up from $86.00) on shares of SEI Investments in a research note on Thursday, January 30th. Piper Sandler upped their price objective on shares of SEI Investments from $77.00 to $87.00 and gave the stock a “neutral” rating in a research report on Monday, December 23rd. Finally, Raymond James raised shares of SEI Investments from a “market perform” rating to an “outperform” rating and set a $99.00 price objective for the company in a research note on Thursday, January 30th. One equities research analyst has rated the stock with a sell rating, two have assigned a hold rating and three have given a buy rating to the company’s stock. According to MarketBeat, SEI Investments has a consensus rating of “Hold” and an average target price of $90.00.

SEI Investments Trading Down 0.7 %

Shares of SEIC stock opened at $82.24 on Friday. The business’s 50-day moving average price is $83.29 and its 200-day moving average price is $76.44. SEI Investments has a 12 month low of $62.38 and a 12 month high of $87.25. The firm has a market capitalization of $10.60 billion, a price-to-earnings ratio of 18.61, a PEG ratio of 1.42 and a beta of 0.98.

SEI Investments (NASDAQ:SEIC) last posted its earnings results on Wednesday, January 29th. The asset manager reported $1.19 EPS for the quarter, missing the consensus estimate 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, sell-side analysts predict that SEI Investments will post 4.86 earnings per share for the current fiscal year.

SEI Investments Increases Dividend

The firm also recently disclosed a semi-annual dividend, which was paid on Wednesday, January 8th. Investors of record on Friday, December 27th were paid a $0.49 dividend. This is a boost from SEI Investments’s previous semi-annual dividend of $0.46. The ex-dividend date of this dividend was Friday, December 27th. This represents a dividend yield of 1.1%. SEI Investments’s payout ratio is currently 22.17%.

About SEI Investments

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.