Natixis Raises Stock Position in SEI Investments (NASDAQ:SEIC)

Natixis boosted its position in shares of SEI Investments (NASDAQ:SEIC) by 298.6% in the 1st quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 46,200 shares of the asset manager’s stock after acquiring an additional 34,608 shares during the period. Natixis’ holdings in SEI Investments were worth $3,322,000 as of its most recent SEC filing.

Several other hedge funds also recently bought and sold shares of the company. Boston Trust Walden Corp grew its stake in SEI Investments by 1.9% in the 4th quarter. Boston Trust Walden Corp now owns 1,314,965 shares of the asset manager’s stock worth $83,566,000 after buying an additional 24,621 shares in the last quarter. Brown Advisory Inc. grew its stake in SEI Investments by 1.6% in the 4th quarter. Brown Advisory Inc. now owns 692,337 shares of the asset manager’s stock worth $43,998,000 after buying an additional 10,700 shares in the last quarter. Charles Schwab Investment Management Inc. grew its stake in SEI Investments by 1.9% in the 4th quarter. Charles Schwab Investment Management Inc. now owns 655,418 shares of the asset manager’s stock worth $41,652,000 after buying an additional 12,453 shares in the last quarter. Hsbc Holdings PLC grew its stake in SEI Investments by 0.8% in the 4th quarter. Hsbc Holdings PLC now owns 551,474 shares of the asset manager’s stock worth $35,049,000 after buying an additional 4,212 shares in the last quarter. Finally, Norges Bank purchased a new position in SEI Investments in the 4th quarter worth approximately $32,161,000. Hedge funds and other institutional investors own 70.59% of the company’s stock.

SEI Investments Stock Performance

NASDAQ:SEIC traded up $0.27 during midday trading on Friday, reaching $66.34. 20,269 shares of the stock traded hands, compared to its average volume of 589,542. The company has a fifty day moving average of $66.35 and a 200 day moving average of $66.89. SEI Investments has a 12 month low of $52.19 and a 12 month high of $72.54. The stock has a market capitalization of $8.72 billion, a P/E ratio of 18.05, a PEG ratio of 1.32 and a beta of 0.99.

SEI Investments (NASDAQ:SEIC) last posted its quarterly earnings results on Wednesday, July 24th. The asset manager reported $1.05 EPS for the quarter, beating analysts’ consensus estimates of $1.04 by $0.01. SEI Investments had a net margin of 25.44% and a return on equity of 23.49%. The company had revenue of $518.99 million during the quarter, compared to analyst estimates of $523.80 million. During the same period in the prior year, the business posted $0.89 EPS. The firm’s revenue was up 6.1% compared to the same quarter last year. On average, analysts predict that SEI Investments will post 4.19 EPS for the current fiscal year.

SEI Investments Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Tuesday, June 18th. Investors of record on Monday, June 10th were issued a dividend of $0.46 per share. This is a positive change from SEI Investments’s previous quarterly dividend of $0.40. This represents a $1.84 dividend on an annualized basis and a yield of 2.77%. The ex-dividend date of this dividend was Monday, June 10th. SEI Investments’s dividend payout ratio is currently 25.14%.

Analyst Upgrades and Downgrades

SEIC has been the subject of a number of research reports. Piper Sandler cut their price objective on shares of SEI Investments from $72.00 to $71.00 and set a “neutral” rating for the company in a research note on Thursday. Oppenheimer upped their price objective on shares of SEI Investments from $77.00 to $80.00 and gave the company an “outperform” rating in a research note on Tuesday, April 9th. Finally, Keefe, Bruyette & Woods reaffirmed a “market perform” rating and issued a $73.00 price objective (down previously from $74.00) on shares of SEI Investments in a research note on Thursday. One equities research analyst has rated the stock with a sell rating, two have assigned a hold rating and two have assigned a buy rating to the company. According to MarketBeat, the stock currently has a consensus rating of “Hold” and a consensus price target of $71.25.

Insiders Place Their Bets

In other SEI Investments news, Chairman Alfred P. West, Jr. sold 48,000 shares of the company’s stock in a transaction on Monday, May 13th. The shares were sold at an average price of $68.09, for a total value of $3,268,320.00. Following the completion of the transaction, the chairman now directly owns 7,677,471 shares in the company, valued at approximately $522,759,000.39. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. In other SEI Investments news, Director William Doran sold 5,000 shares of the company’s stock in a transaction on Monday, June 24th. The shares were sold at an average price of $67.04, for a total value of $335,200.00. Following the completion of the transaction, the director now directly owns 656,386 shares in the company, valued at approximately $44,004,117.44. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Chairman Alfred P. West, Jr. sold 48,000 shares of the stock in a transaction dated Monday, May 13th. The stock was sold at an average price of $68.09, for a total transaction of $3,268,320.00. Following the completion of the transaction, the chairman now owns 7,677,471 shares of the company’s stock, valued at $522,759,000.39. The disclosure for this sale can be found here. In the last ninety days, insiders sold 123,000 shares of company stock worth $8,406,920. 14.30% of the stock is currently owned by corporate insiders.

SEI Investments 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.