CHURCHILL MANAGEMENT Corp bought a new position in shares of SEI Investments (NASDAQ:SEIC - Free Report) during the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor bought 22,039 shares of the asset manager's stock, valued at approximately $1,818,000.
Other hedge funds have also recently bought and sold shares of the company. Cooper Financial Group bought a new stake in shares of SEI Investments during the 4th quarter worth about $320,000. Baker Tilly Wealth Management LLC lifted its holdings in SEI Investments by 6.6% in the 4th quarter. Baker Tilly Wealth Management LLC now owns 5,903 shares of the asset manager's stock worth $487,000 after purchasing an additional 366 shares during the last quarter. Pensionfund Sabic grew its holdings in SEI Investments by 18.8% during the fourth quarter. Pensionfund Sabic now owns 19,000 shares of the asset manager's stock valued at $1,567,000 after purchasing an additional 3,000 shares during the last quarter. Nordea Investment Management AB raised its position in shares of SEI Investments by 13.7% in the fourth quarter. Nordea Investment Management AB now owns 9,389 shares of the asset manager's stock valued at $780,000 after purchasing an additional 1,131 shares during the period. Finally, GAMMA Investing LLC lifted its stake in shares of SEI Investments by 44.9% in the fourth quarter. GAMMA Investing LLC now owns 4,869 shares of the asset manager's stock worth $402,000 after buying an additional 1,509 shares during the last quarter. 70.59% of the stock is owned by institutional investors and hedge funds.
A number of research analysts recently issued reports on SEIC shares. Morgan Stanley raised their target price on shares of SEI Investments from $75.00 to $80.00 and gave the company an "underweight" rating in a research note on Friday, January 3rd. Piper Sandler raised their price target on SEI Investments from $77.00 to $87.00 and gave the company a "neutral" rating in a research report on Monday, December 23rd. Oppenheimer boosted their price objective on SEI Investments from $85.00 to $94.00 and gave the stock an "outperform" rating in a research report on Tuesday, January 7th. Finally, Keefe, Bruyette & Woods raised their target price on SEI Investments from $76.00 to $86.00 and gave the company a "market perform" rating in a report on Friday, December 20th. One equities research analyst has rated the stock with a sell rating, two have given a hold rating and two have assigned a buy rating to the stock. According to MarketBeat.com, the company currently has an average rating of "Hold" and an average target price of $86.75.
Get Our Latest Report on SEIC
NASDAQ:SEIC opened at $82.96 on Friday. The firm's 50-day moving average is $82.27 and its 200-day moving average is $73.32. The company has a market cap of $10.69 billion, a price-to-earnings ratio of 20.04, a PEG ratio of 1.34 and a beta of 0.98. SEI Investments has a 52-week low of $62.34 and a 52-week high of $87.25.
SEI Investments (NASDAQ:SEIC - Get Free Report) last posted its quarterly earnings results on Wednesday, October 23rd. The asset manager reported $1.19 EPS for the quarter, beating the consensus estimate of $1.07 by $0.12. SEI Investments had a return on equity of 24.29% and a net margin of 26.60%. The firm had revenue of $537.40 million during the quarter, compared to analysts' expectations of $534.08 million. During the same quarter in the prior year, the firm posted $0.87 EPS. The company's revenue for the quarter was up 12.7% on a year-over-year basis. Equities analysts predict that SEI Investments will post 4.42 EPS for the current year.
The company also recently announced a semi-annual dividend, which was paid on Wednesday, January 8th. Investors of record on Friday, December 27th were given a $0.49 dividend. This is a boost from SEI Investments's previous semi-annual dividend of $0.46. This represents a yield of 1.1%. The ex-dividend date of this dividend was Friday, December 27th. SEI Investments's dividend payout ratio (DPR) is 23.67%.
SEI Investments announced that its board has authorized a stock buyback program on Tuesday, October 22nd that permits the company to repurchase $400.00 million in outstanding shares. This repurchase authorization permits the asset manager to buy up to 4.3% of its shares through open market purchases. Shares repurchase programs are often an indication that the company's board believes its shares are undervalued.
In related news, EVP Michael Peterson sold 25,000 shares of the firm's stock in a transaction that occurred on Friday, October 25th. The stock was sold at an average price of $74.59, for a total transaction of $1,864,750.00. Following the completion of the transaction, the executive vice president now owns 6,500 shares in the company, valued at $484,835. This trade represents a 79.37 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, CEO Ryan Hicke sold 10,000 shares of the company's stock in a transaction on Friday, October 25th. The shares were sold at an average price of $74.90, for a total value of $749,000.00. Following the completion of the sale, the chief executive officer now owns 147,609 shares in the company, valued at $11,055,914.10. This trade represents a 6.34 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 239,258 shares of company stock worth $19,753,402 over the last 90 days. Corporate insiders own 14.30% of the company's stock.
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.
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