Fjarde AP Fonden Fourth Swedish National Pension Fund Has $2.93 Million Position in SEI Investments (NASDAQ:SEIC)

Fjarde AP Fonden Fourth Swedish National Pension Fund lowered its position in shares of SEI Investments (NASDAQ:SEIC) by 49.4% in the fourth quarter, according to the company in its most recent disclosure with the SEC. The firm owned 35,534 shares of the asset manager’s stock after selling 34,713 shares during the quarter. Fjarde AP Fonden Fourth Swedish National Pension Fund’s holdings in SEI Investments were worth $2,931,000 as of its most recent SEC filing.

A number of other institutional investors have also recently bought and sold shares of SEIC. Boston Trust Walden Corp boosted its holdings in shares of SEI Investments by 1.6% in the fourth quarter. Boston Trust Walden Corp now owns 1,306,329 shares of the asset manager’s stock valued at $107,746,000 after buying an additional 20,020 shares during the period. Longboard Asset Management LP acquired a new position in shares of SEI Investments in the fourth quarter valued at approximately $267,000. CHURCHILL MANAGEMENT Corp acquired a new position in shares of SEI Investments in the fourth quarter valued at approximately $1,818,000. Lecap Asset Management Ltd. acquired a new position in shares of SEI Investments in the fourth quarter valued at approximately $480,000. Finally, Portfolio Design Labs LLC boosted its holdings in shares of SEI Investments by 22.5% in the fourth quarter. Portfolio Design Labs LLC now owns 30,102 shares of the asset manager’s stock valued at $2,483,000 after buying an additional 5,522 shares during the period. Institutional investors and hedge funds own 70.59% of the company’s stock.

SEI Investments Trading Down 0.2 %

Shares of SEIC opened at $79.48 on Thursday. The firm has a fifty day simple moving average of $82.92 and a 200 day simple moving average of $76.96. SEI Investments has a 12 month low of $62.38 and a 12 month high of $87.25. The stock has a market capitalization of $10.25 billion, a price-to-earnings ratio of 17.98, a PEG ratio of 1.41 and a beta of 0.98.

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

SEI Investments Increases Dividend

The company also recently declared a semi-annual dividend, which was paid on Wednesday, January 8th. Shareholders of record on Friday, December 27th were given a dividend of $0.49 per share. This is a positive change from SEI Investments’s previous semi-annual dividend of $0.46. This represents a yield of 1.1%. The ex-dividend date of this dividend was Friday, December 27th. SEI Investments’s dividend payout ratio is 22.17%.

Insiders Place Their Bets

In other SEI Investments news, Chairman Alfred P. West, Jr. sold 5,984 shares of the company’s stock in a transaction on Friday, December 6th. The shares were sold at an average price of $84.23, for a total transaction of $504,032.32. Following the sale, the chairman now directly owns 7,371,522 shares of the company’s stock, valued at approximately $620,903,298.06. This represents a 0.08 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. Over the last three months, insiders have sold 171,194 shares of company stock valued at $14,579,872. 14.30% of the stock is currently owned by corporate insiders.

Wall Street Analysts Forecast Growth

Several research analysts have recently weighed in on the stock. Keefe, Bruyette & Woods reiterated a “market perform” rating and issued a $90.00 price target (up previously from $86.00) on shares of SEI Investments in a report on Thursday, January 30th. Raymond James upgraded shares of SEI Investments from a “market perform” rating to an “outperform” rating and set a $99.00 price target for the company in a report on Thursday, January 30th. Oppenheimer increased their target price on shares of SEI Investments from $85.00 to $94.00 and gave the stock an “outperform” rating in a 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. Finally, Piper Sandler increased their target price on shares of SEI Investments from $77.00 to $87.00 and gave the stock a “neutral” rating in a report on Monday, December 23rd. One investment analyst has rated the stock with a sell rating, two have assigned a hold rating and three have issued a buy rating to the stock. According to MarketBeat, the company currently has a consensus rating of “Hold” and a consensus target price of $90.00.

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.