Los Angeles Capital Management LLC Reduces Position in SEI Investments Company $SEIC

Los Angeles Capital Management LLC lessened its holdings in shares of SEI Investments Company (NASDAQ:SEIC) by 65.1% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 67,742 shares of the asset manager’s stock after selling 126,459 shares during the period. Los Angeles Capital Management LLC’s holdings in SEI Investments were worth $5,474,000 at the end of the most recent reporting period.

Other large investors have also recently modified their holdings of the company. Community Bank N.A. purchased a new stake in shares of SEI Investments in the third quarter valued at approximately $35,000. Allworth Financial LP boosted its holdings in shares of SEI Investments by 44.0% in the third quarter. Allworth Financial LP now owns 432 shares of the asset manager’s stock valued at $37,000 after purchasing an additional 132 shares during the period. CIBC Private Wealth Group LLC boosted its holdings in shares of SEI Investments by 353.1% in the third quarter. CIBC Private Wealth Group LLC now owns 435 shares of the asset manager’s stock valued at $37,000 after purchasing an additional 339 shares during the period. Geneos Wealth Management Inc. boosted its holdings in shares of SEI Investments by 60.2% in the first quarter. Geneos Wealth Management Inc. now owns 532 shares of the asset manager’s stock valued at $41,000 after purchasing an additional 200 shares during the period. Finally, Rothschild Investment LLC boosted its holdings in shares of SEI Investments by 266.9% in the fourth quarter. Rothschild Investment LLC now owns 565 shares of the asset manager’s stock valued at $46,000 after purchasing an additional 411 shares during the period. Hedge funds and other institutional investors own 70.59% of the company’s stock.

Analyst Ratings Changes

A number of analysts recently issued reports on the company. Morgan Stanley lowered their price target on SEI Investments from $119.00 to $108.00 and set an “overweight” rating for the company in a report on Thursday, April 2nd. Raymond James Financial reiterated an “outperform” rating and issued a $82.00 price target on shares of SEI Investments in a report on Wednesday, April 29th. Piper Sandler reiterated an “overweight” rating and issued a $105.00 price target (up from $99.00) on shares of SEI Investments in a report on Thursday, April 23rd. Keefe, Bruyette & Woods boosted their price target on SEI Investments from $95.00 to $107.00 and gave the company an “outperform” rating in a report on Thursday, April 23rd. Finally, Weiss Ratings reiterated a “buy (b)” rating on shares of SEI Investments in a report on Tuesday, April 21st. Seven research analysts have rated the stock with a Buy rating and one has issued a Hold rating to the stock. According to data from MarketBeat.com, SEI Investments currently has a consensus rating of “Moderate Buy” and a consensus target price of $103.00.

SEI Investments Stock Down 1.3%

SEI Investments stock opened at $88.24 on Tuesday. The business has a fifty day moving average of $85.79 and a two-hundred day moving average of $83.63. The company has a quick ratio of 4.40, a current ratio of 4.52 and a debt-to-equity ratio of 0.07. The firm has a market cap of $10.61 billion, a P/E ratio of 15.06 and a beta of 0.97. SEI Investments Company has a twelve month low of $75.08 and a twelve month high of $93.96.

SEI Investments (NASDAQ:SEIC) last posted its earnings results on Wednesday, April 22nd. The asset manager reported $1.44 earnings per share for the quarter, topping analysts’ consensus estimates of $1.29 by $0.15. The company had revenue of $622.18 million during the quarter, compared to analyst estimates of $641.82 million. SEI Investments had a return on equity of 30.70% and a net margin of 31.17%.SEI Investments’s revenue was up 12.9% on a year-over-year basis. During the same quarter in the prior year, the business earned $1.17 earnings per share. On average, analysts forecast that SEI Investments Company will post 5.89 earnings per share for the current fiscal year.

SEI Investments Dividend Announcement

The business also recently announced a dividend, which will be paid on Tuesday, June 16th. Shareholders of record on Monday, June 8th will be issued a dividend of $0.52 per share. The ex-dividend date is Monday, June 8th. This represents a yield of 118.0%. SEI Investments’s dividend payout ratio is currently 17.75%.

Insider Activity at SEI Investments

In other SEI Investments news, insider Philip Mccabe sold 15,000 shares of the company’s stock in a transaction on Thursday, April 23rd. The stock was sold at an average price of $91.82, for a total transaction of $1,377,300.00. Following the completion of the sale, the insider owned 54,884 shares in the company, valued at $5,039,448.88. This represents a 21.46% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, insider Sanjay Sharma sold 25,000 shares of the company’s stock in a transaction on Thursday, April 23rd. The stock was sold at an average price of $90.12, for a total value of $2,253,000.00. Following the transaction, the insider directly owned 39,829 shares in the company, valued at approximately $3,589,389.48. The trade was a 38.56% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold 61,447 shares of company stock valued at $5,495,889 over the last 90 days. Insiders own 4.80% of the company’s stock.

SEI Investments Company 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.