New York State Common Retirement Fund Has $18.25 Million Holdings in SEI Investments (NASDAQ:SEIC)

New York State Common Retirement Fund cut its position in shares of SEI Investments (NASDAQ:SEIC) by 5.8% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 221,254 shares of the asset manager’s stock after selling 13,500 shares during the period. New York State Common Retirement Fund owned 0.17% of SEI Investments worth $18,249,000 as of its most recent SEC filing.

Several other institutional investors have also made changes to their positions in SEIC. First Horizon Advisors Inc. raised its position in SEI Investments by 101.3% during the third quarter. First Horizon Advisors Inc. now owns 461 shares of the asset manager’s stock valued at $32,000 after acquiring an additional 232 shares in the last quarter. Allworth Financial LP increased its stake in shares of SEI Investments by 53.7% during the 4th 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 bought a new position in shares of SEI Investments during the 3rd quarter valued at $45,000. Principal Securities Inc. lifted 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, Venturi Wealth Management LLC lifted its stake in shares of SEI Investments by 7.3% in 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 during the last quarter. 70.59% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling at SEI Investments

In other news, Chairman Alfred P. West, Jr. sold 52,042 shares of the business’s stock in a transaction that occurred on Monday, December 16th. The stock was sold at an average price of $85.23, for a total transaction of $4,435,539.66. Following the sale, the chairman now directly owns 7,232,922 shares in the company, valued at approximately $616,461,942.06. The trade was a 0.71 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Insiders sold a total of 171,194 shares of company stock valued at $14,579,872 in the last quarter. Corporate insiders own 14.30% of the company’s stock.

SEI Investments Stock Down 2.4 %

Shares of NASDAQ:SEIC opened at $80.25 on Friday. The business has a 50 day moving average price of $83.17 and a 200 day moving average price of $76.65. The company has a market cap of $10.34 billion, a price-to-earnings ratio of 18.16, a PEG ratio of 1.41 and a beta of 0.98. SEI Investments has a twelve month low of $62.38 and a twelve month high of $87.25.

SEI Investments (NASDAQ:SEIC) last posted its quarterly earnings data on Wednesday, January 29th. The asset manager reported $1.19 earnings per share for the quarter, missing the consensus estimate of $1.21 by ($0.02). SEI Investments had a net margin of 27.35% and a return on equity of 25.51%. Analysts anticipate that SEI Investments will post 4.86 EPS for the current year.

SEI Investments Increases Dividend

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

Analyst Upgrades and Downgrades

Several research firms have commented on SEIC. Raymond James raised shares of SEI Investments from a “market perform” rating to an “outperform” rating and set a $99.00 target price on the stock in a research report on Thursday, January 30th. Piper Sandler increased their price objective on SEI Investments from $77.00 to $87.00 and gave the company a “neutral” rating in a report on Monday, December 23rd. Oppenheimer boosted 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. Morgan Stanley increased their price target on SEI Investments from $75.00 to $80.00 and gave the company an “underweight” rating in a report on Friday, January 3rd. Finally, Keefe, Bruyette & Woods restated a “market perform” rating and issued a $90.00 price objective (up from $86.00) on shares of SEI Investments 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 issued a buy rating to the stock. According to data from MarketBeat.com, the stock currently has an average rating of “Hold” and a consensus target price of $90.00.

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.