Mill Creek Capital Advisors LLC Takes Position in SEI Investments Company $SEIC

Mill Creek Capital Advisors LLC bought a new position in shares of SEI Investments Company (NASDAQ:SEIC) during the 3rd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor bought 49,971 shares of the asset manager’s stock, valued at approximately $4,240,000.

Several other large investors have also recently bought and sold shares of SEIC. Ashton Thomas Private Wealth LLC grew its stake in shares of SEI Investments by 349.2% in the third quarter. Ashton Thomas Private Wealth LLC now owns 63,902 shares of the asset manager’s stock valued at $5,422,000 after buying an additional 49,676 shares in the last quarter. BI Asset Management Fondsmaeglerselskab A S raised its position in SEI Investments by 3,554.3% during the third quarter. BI Asset Management Fondsmaeglerselskab A S now owns 27,042 shares of the asset manager’s stock worth $2,295,000 after acquiring an additional 26,302 shares in the last quarter. Allianz Asset Management GmbH lifted its stake in SEI Investments by 21.1% in the third quarter. Allianz Asset Management GmbH now owns 174,266 shares of the asset manager’s stock valued at $14,786,000 after acquiring an additional 30,411 shares during the last quarter. Vanguard Group Inc. lifted its stake in SEI Investments by 0.3% in the third quarter. Vanguard Group Inc. now owns 11,260,591 shares of the asset manager’s stock valued at $955,461,000 after acquiring an additional 30,970 shares during the last quarter. Finally, M&G PLC acquired a new stake in SEI Investments in the third quarter valued at $10,413,000. 70.59% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

SEIC has been the topic of several recent analyst reports. Weiss Ratings restated a “buy (b)” rating on shares of SEI Investments in a research note on Thursday, January 22nd. UBS Group initiated coverage on SEI Investments in a report on Wednesday, February 4th. They set a “buy” rating and a $115.00 price target for the company. Piper Sandler restated an “overweight” rating and issued a $106.00 price objective on shares of SEI Investments in a research note on Friday, February 20th. Raymond James Financial reaffirmed an “outperform” rating and issued a $117.00 price objective on shares of SEI Investments in a research report on Monday, January 5th. Finally, Morgan Stanley lifted their target price on SEI Investments from $115.00 to $117.00 and gave the stock an “overweight” rating in a research note on Tuesday, January 6th. Seven investment analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $109.67.

SEI Investments Trading Up 1.9%

Shares of SEIC stock opened at $83.35 on Friday. SEI Investments Company has a 12-month low of $64.66 and a 12-month high of $93.96. The company has a market capitalization of $10.19 billion, a PE ratio of 14.80 and a beta of 0.95. The firm has a 50 day moving average price of $84.14 and a two-hundred day moving average price of $84.14. The company has a quick ratio of 3.20, a current ratio of 3.29 and a debt-to-equity ratio of 0.04.

SEI Investments (NASDAQ:SEIC) last announced its earnings results on Wednesday, January 28th. The asset manager reported $1.30 earnings per share for the quarter, missing analysts’ consensus estimates of $1.34 by ($0.04). The firm had revenue of $607.93 million for the quarter, compared to the consensus estimate of $596.97 million. SEI Investments had a return on equity of 30.26% and a net margin of 31.14%.SEI Investments’s revenue for the quarter was up 9.1% on a year-over-year basis. During the same quarter last year, the business posted $1.19 EPS. As a group, analysts predict that SEI Investments Company will post 4.86 earnings per share for the current year.

SEI Investments Dividend Announcement

The company also recently disclosed a dividend, which was paid on Monday, January 12th. Shareholders of record on Monday, December 29th were given a dividend of $0.52 per share. The ex-dividend date was Monday, December 29th. This represents a yield of 124.0%. SEI Investments’s dividend payout ratio (DPR) is presently 18.47%.

Insider Transactions at SEI Investments

In other SEI Investments news, CEO Ryan Hicke sold 80,000 shares of SEI Investments stock in a transaction dated Thursday, January 29th. The shares were sold at an average price of $87.36, for a total value of $6,988,800.00. Following the completion of the sale, the chief executive officer owned 197,164 shares in the company, valued at $17,224,247.04. The trade was a 28.86% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, insider Mark Andrew Warner sold 4,000 shares of the business’s stock in a transaction dated Wednesday, February 25th. The shares were sold at an average price of $81.74, for a total transaction of $326,960.00. Following the completion of the sale, the insider directly owned 921 shares of the company’s stock, valued at $75,282.54. This represents a 81.28% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Over the last 90 days, insiders sold 108,770 shares of company stock valued at $9,318,910. 14.60% of the stock is currently owned by corporate insiders.

SEI Investments Profile

SEI Investments Company is a global provider of asset management, investment processing, and investment operations solutions. The firm offers a range of services designed to help financial institutions, private banks, wealth managers and family offices streamline back-office functions and enhance front-office capabilities. SEI’s technology platforms support various stages of the investment lifecycle, including trade execution, performance reporting, risk analytics and client communications.

The company’s core offerings include outsourced fund administration, custody and trust services, managed account solutions, and wealth management technology.