Baker Tilly Wealth Management LLC lowered its holdings in SEI Investments (NASDAQ:SEIC – Free Report) by 32.5% during the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 4,521 shares of the asset manager’s stock after selling 2,175 shares during the period. Baker Tilly Wealth Management LLC’s holdings in SEI Investments were worth $292,000 at the end of the most recent reporting period.
Several other hedge funds also recently made changes to their positions in SEIC. TFO Wealth Partners LLC increased its position in shares of SEI Investments by 6,277.8% in the fourth quarter. TFO Wealth Partners LLC now owns 574 shares of the asset manager’s stock worth $36,000 after acquiring an additional 565 shares in the last quarter. EverSource Wealth Advisors LLC increased its position in shares of SEI Investments by 78.3% in the first quarter. EverSource Wealth Advisors LLC now owns 626 shares of the asset manager’s stock worth $41,000 after acquiring an additional 275 shares in the last quarter. Bessemer Group Inc. increased its position in shares of SEI Investments by 184.7% in the first quarter. Bessemer Group Inc. now owns 595 shares of the asset manager’s stock worth $43,000 after acquiring an additional 386 shares in the last quarter. Mather Group LLC. increased its position in shares of SEI Investments by 181.2% in the second quarter. Mather Group LLC. now owns 776 shares of the asset manager’s stock worth $50,000 after acquiring an additional 500 shares in the last quarter. Finally, Evolution Advisers Inc. purchased a new position in shares of SEI Investments in the fourth quarter worth approximately $55,000. Institutional investors and hedge funds own 70.59% of the company’s stock.
Insider Buying and Selling
In related news, Director William Doran sold 5,000 shares of the business’s stock in a transaction on Monday, June 24th. The shares were sold at an average price of $67.04, for a total transaction of $335,200.00. Following the transaction, the director now owns 656,386 shares of the company’s stock, valued at $44,004,117.44. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. 14.30% of the stock is currently owned by insiders.
Wall Street Analyst Weigh In
Read Our Latest Report on SEIC
SEI Investments Stock Performance
Shares of SEI Investments stock traded up $0.39 on Friday, reaching $67.14. The stock had a trading volume of 421,039 shares, compared to its average volume of 586,527. The business’s 50-day moving average price is $65.84 and its two-hundred day moving average price is $67.14. SEI Investments has a fifty-two week low of $52.19 and a fifty-two week high of $72.54. The stock has a market cap of $8.82 billion, a P/E ratio of 18.34, a price-to-earnings-growth ratio of 1.30 and a beta of 0.99.
SEI Investments (NASDAQ:SEIC – Get Free Report) last issued its quarterly earnings data on Wednesday, July 24th. The asset manager reported $1.05 earnings per share for the quarter, topping analysts’ consensus estimates of $1.04 by $0.01. SEI Investments had a net margin of 25.44% and a return on equity of 23.25%. The business had revenue of $518.99 million during the quarter, compared to analysts’ expectations of $523.80 million. During the same period in the previous year, the company earned $0.89 earnings per share. SEI Investments’s revenue for the quarter was up 6.1% on a year-over-year basis. As a group, equities analysts forecast that SEI Investments will post 4.18 earnings per share for the current fiscal year.
SEI Investments Increases Dividend
The business also recently announced a quarterly dividend, which was paid on Tuesday, June 18th. Investors of record on Monday, June 10th were given a dividend of $0.46 per share. The ex-dividend date of this dividend was Monday, June 10th. This represents a $1.84 dividend on an annualized basis and a yield of 2.74%. This is a positive change from SEI Investments’s previous quarterly dividend of $0.40. SEI Investments’s payout ratio is 25.14%.
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.
Further Reading
- Five stocks we like better than SEI Investments
- Uptrend Stocks Explained: Learn How to Trade Using Uptrends
- Bumble’s Valuation Hits an All-Time Low, Can Its Fortunes Change?
- Are These Liquid Natural Gas Stocks Ready For An Upside Bounce?
- MarketBeat Week in Review – 8/12 – 8/16
- Are Penny Stocks a Good Fit for Your Portfolio?
- JD.com Earnings Surprise: China’s Outlook Better Than Expected
Want to see what other hedge funds are holding SEIC? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for SEI Investments (NASDAQ:SEIC – Free Report).
Receive News & Ratings for SEI Investments Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for SEI Investments and related companies with MarketBeat.com's FREE daily email newsletter.