Los Angeles Capital Management LLC Acquires Shares of 323,736 SEI Investments (NASDAQ:SEIC)

Los Angeles Capital Management LLC acquired a new stake in shares of SEI Investments (NASDAQ:SEIC) during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor acquired 323,736 shares of the asset manager’s stock, valued at approximately $26,702,000. Los Angeles Capital Management LLC owned about 0.25% of SEI Investments as of its most recent SEC filing.

Several other institutional investors have also added to or reduced their stakes in SEIC. First Horizon Advisors Inc. lifted its holdings in shares of SEI Investments by 101.3% in the third quarter. First Horizon Advisors Inc. now owns 461 shares of the asset manager’s stock worth $32,000 after buying an additional 232 shares in the last quarter. Allworth Financial LP lifted its holdings in shares of SEI Investments by 53.7% in the fourth quarter. Allworth Financial LP now owns 452 shares of the asset manager’s stock worth $38,000 after buying an additional 158 shares in the last quarter. Point72 DIFC Ltd purchased a new stake in shares of SEI Investments in the third quarter worth about $45,000. Principal Securities Inc. lifted its holdings in shares of SEI Investments by 13.3% in the fourth quarter. Principal Securities Inc. now owns 1,324 shares of the asset manager’s stock worth $109,000 after buying an additional 155 shares in the last quarter. Finally, Global Retirement Partners LLC lifted its holdings in shares of SEI Investments by 13.2% in the fourth quarter. Global Retirement Partners LLC now owns 1,450 shares of the asset manager’s stock worth $120,000 after buying an additional 169 shares in the last quarter. 70.59% of the stock is owned by hedge funds and other institutional investors.

Insider Transactions at SEI Investments

In other news, Chairman Alfred P. West, Jr. sold 19,010 shares of the firm’s stock in a transaction that occurred on Wednesday, December 4th. The shares were sold at an average price of $82.49, for a total value of $1,568,134.90. Following the transaction, the chairman now owns 7,377,506 shares in the company, valued at approximately $608,570,469.94. This trade represents a 0.26 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Over the last 90 days, insiders have sold 171,194 shares of company stock worth $14,579,872. Insiders own 14.30% of the company’s stock.

Analyst Ratings Changes

Several research firms recently weighed in on SEIC. 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. Oppenheimer upped their price objective on shares of 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 upped their price objective on shares of SEI Investments from $75.00 to $80.00 and gave the stock an “underweight” rating in a research report on Friday, January 3rd. Raymond James upgraded shares of SEI Investments from a “market perform” rating to an “outperform” rating and set a $99.00 price objective on the stock in a research report on Thursday, January 30th. 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 report on Thursday, January 30th. One equities research analyst has rated the stock with a sell rating, two have issued a hold rating and three have assigned a buy rating to the company. Based on data from MarketBeat.com, the company presently has a consensus rating of “Hold” and a consensus price target of $90.00.

SEI Investments Price Performance

Shares of NASDAQ SEIC opened at $79.62 on Wednesday. SEI Investments has a one year low of $62.38 and a one year high of $87.25. The firm’s 50 day simple moving average is $82.95 and its two-hundred day simple moving average is $76.94. The stock has a market capitalization of $10.26 billion, a P/E ratio of 18.01, a PEG ratio of 1.41 and a beta of 0.98.

SEI Investments (NASDAQ:SEIC) last issued its quarterly earnings results on Wednesday, January 29th. The asset manager reported $1.19 EPS for the quarter, missing analysts’ consensus estimates of $1.21 by ($0.02). SEI Investments had a net margin of 27.35% and a return on equity of 25.51%. As a group, equities analysts expect that SEI Investments will post 4.86 earnings per share for the current fiscal year.

SEI Investments Increases Dividend

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

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.