Sequoia Financial Advisors LLC Has $1.24 Million Stock Holdings in SEI Investments Company $SEIC

Sequoia Financial Advisors LLC lessened its holdings in SEI Investments Company (NASDAQ:SEIC) by 25.5% during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 15,816 shares of the asset manager’s stock after selling 5,407 shares during the quarter. Sequoia Financial Advisors LLC’s holdings in SEI Investments were worth $1,241,000 at the end of the most recent reporting period.

A number of other institutional investors have also made changes to their positions in the business. Allworth Financial LP boosted its stake in shares of SEI Investments by 44.0% during the 3rd quarter. Allworth Financial LP now owns 432 shares of the asset manager’s stock worth $37,000 after buying an additional 132 shares during the last quarter. CIBC Private Wealth Group LLC boosted its stake 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 buying an additional 339 shares during the period. Root Financial Partners LLC grew its stake in SEI Investments by 40.8% during the first quarter. Root Financial Partners LLC now owns 487 shares of the asset manager’s stock worth $38,000 after buying an additional 141 shares in the last quarter. Geneos Wealth Management Inc. increased its stake in 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 acquiring an additional 200 shares during the last quarter. Finally, Rothschild Investment LLC increased its stake in shares of SEI Investments by 266.9% in the 4th 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 last quarter. Institutional investors own 70.59% of the company’s stock.

Insider Activity at SEI Investments

In related news, insider Mark Andrew Warner sold 4,000 shares of the business’s stock in a transaction dated Tuesday, April 28th. The stock was sold at an average price of $91.16, for a total value of $364,640.00. Following the sale, the insider directly owned 921 shares in the company, valued at approximately $83,958.36. The trade was a 81.28% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, insider Sanjay Sharma sold 25,000 shares of the company’s stock in a transaction that occurred on Thursday, April 23rd. The shares were sold at an average price of $90.12, for a total transaction of $2,253,000.00. Following the sale, the insider owned 39,829 shares in the company, valued at $3,589,389.48. The trade was a 38.56% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders have sold a total of 111,332 shares of company stock worth $9,908,883 over the last 90 days. Corporate insiders own 4.80% of the company’s stock.

Analyst Ratings Changes

SEIC has been the subject of a number of research analyst reports. Morgan Stanley upped their price objective on shares of SEI Investments from $113.00 to $115.00 and gave the stock an “overweight” rating in a research report on Thursday, July 9th. Raymond James Financial lifted their price objective on SEI Investments from $122.00 to $124.00 and gave the stock an “outperform” rating in a research note on Monday, July 6th. Keefe, Bruyette & Woods upped their price target on shares of SEI Investments from $107.00 to $113.00 and gave the company an “outperform” rating in a research report on Friday, July 10th. Weiss Ratings restated a “buy (b)” rating on shares of SEI Investments in a report on Tuesday, April 21st. Finally, Piper Sandler raised their target price on SEI Investments from $105.00 to $114.00 and gave the company an “overweight” rating in a research note on Monday. Six investment analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the company. According to MarketBeat, the company has an average rating of “Moderate Buy” and an average price target of $116.20.

SEI Investments Stock Performance

NASDAQ SEIC opened at $100.26 on Friday. SEI Investments Company has a 1 year low of $75.08 and a 1 year high of $100.28. The company has a debt-to-equity ratio of 0.07, a current ratio of 4.52 and a quick ratio of 4.40. The company has a fifty day moving average price of $90.88 and a 200-day moving average price of $85.50. The firm has a market cap of $12.06 billion, a price-to-earnings ratio of 17.11 and a beta of 0.97.

SEI Investments (NASDAQ:SEIC) last posted its quarterly earnings data on Wednesday, April 22nd. The asset manager reported $1.44 EPS for the quarter, beating the consensus estimate of $1.29 by $0.15. The firm had revenue of $622.18 million during the quarter, compared to analyst estimates of $641.82 million. SEI Investments had a net margin of 31.17% and a return on equity of 30.70%. The company’s revenue for the quarter was up 12.9% on a year-over-year basis. During the same quarter last year, the business posted $1.17 EPS. As a group, equities research analysts predict that SEI Investments Company will post 5.98 EPS for the current fiscal year.

SEI Investments Announces Dividend

The business also recently disclosed a dividend, which was paid on Tuesday, June 16th. Shareholders of record on Monday, June 8th were given a $0.52 dividend. The ex-dividend date of this dividend was Monday, June 8th. This represents a yield of 118.0%. SEI Investments’s payout ratio is currently 17.75%.

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.