Dimensional Fund Advisors LP Raises Holdings in SEI Investments (SEIC)

Dimensional Fund Advisors LP lifted its stake in shares of SEI Investments (NASDAQ:SEIC) by 1.4% during the third quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 500,551 shares of the asset manager’s stock after purchasing an additional 6,753 shares during the quarter. Dimensional Fund Advisors LP owned 0.32% of SEI Investments worth $30,565,000 as of its most recent SEC filing.

Several other large investors also recently added to or reduced their stakes in SEIC. BlackRock Inc. raised its stake in shares of SEI Investments by 5.5% during the 2nd quarter. BlackRock Inc. now owns 13,447,854 shares of the asset manager’s stock valued at $723,225,000 after purchasing an additional 697,125 shares during the period. Arrowstreet Capital Limited Partnership raised its stake in shares of SEI Investments by 47.6% during the 2nd quarter. Arrowstreet Capital Limited Partnership now owns 1,907,730 shares of the asset manager’s stock valued at $102,598,000 after purchasing an additional 615,539 shares during the period. Vanguard Group Inc. raised its stake in shares of SEI Investments by 2.8% during the 2nd quarter. Vanguard Group Inc. now owns 13,260,600 shares of the asset manager’s stock valued at $713,155,000 after purchasing an additional 357,187 shares during the period. Frontier Capital Management Co. LLC raised its stake in shares of SEI Investments by 51.2% during the 3rd quarter. Frontier Capital Management Co. LLC now owns 968,388 shares of the asset manager’s stock valued at $59,130,000 after purchasing an additional 328,037 shares during the period. Finally, Prudential Financial Inc. raised its stake in shares of SEI Investments by 88.3% during the 3rd quarter. Prudential Financial Inc. now owns 509,716 shares of the asset manager’s stock valued at $31,123,000 after purchasing an additional 239,000 shares during the period. Institutional investors own 70.46% of the company’s stock.

A number of analysts recently issued reports on SEIC shares. Mizuho reiterated a “buy” rating and set a $72.00 price objective on shares of SEI Investments in a research note on Friday, November 17th. Zacks Investment Research upgraded SEI Investments from a “hold” rating to a “buy” rating and set a $72.00 price objective on the stock in a research note on Monday, October 30th. Finally, Oppenheimer boosted their price objective on SEI Investments from $60.00 to $67.00 and gave the company an “outperform” rating in a research note on Thursday, September 28th. Two research analysts have rated the stock with a hold rating, three have assigned a buy rating and one has issued a strong buy rating to the stock. The company presently has a consensus rating of “Buy” and a consensus price target of $70.25.

Shares of SEI Investments (NASDAQ SEIC) opened at $75.96 on Wednesday. The stock has a market capitalization of $12,070.32, a price-to-earnings ratio of 33.03, a P/E/G ratio of 2.05 and a beta of 1.40. The company has a debt-to-equity ratio of 0.03, a quick ratio of 5.41 and a current ratio of 5.52. SEI Investments has a one year low of $47.88 and a one year high of $77.24.

SEI Investments (NASDAQ:SEIC) last announced its earnings results on Wednesday, October 25th. The asset manager reported $0.63 earnings per share for the quarter, topping analysts’ consensus estimates of $0.57 by $0.06. The business had revenue of $368.02 million for the quarter, compared to analyst estimates of $384.43 million. SEI Investments had a return on equity of 27.12% and a net margin of 24.94%. The company’s quarterly revenue was up 3.8% compared to the same quarter last year. During the same period in the prior year, the company earned $0.53 EPS. research analysts anticipate that SEI Investments will post 2.36 earnings per share for the current year.

The firm also recently announced a semiannual dividend, which was paid on Monday, January 8th. Shareholders of record on Wednesday, December 27th were paid a $0.30 dividend. This is a positive change from SEI Investments’s previous semiannual dividend of $0.28. This represents a yield of 0.85%. The ex-dividend date was Tuesday, December 26th. SEI Investments’s dividend payout ratio is currently 26.09%.

SEI Investments declared that its Board of Directors has authorized a share repurchase program on Wednesday, October 25th that allows the company to repurchase $200.00 million in outstanding shares. This repurchase authorization allows the asset manager to purchase shares of its stock through open market purchases. Stock repurchase programs are generally a sign that the company’s leadership believes its shares are undervalued.

In other SEI Investments news, insider Joseph P. Ujobai sold 17,500 shares of the company’s stock in a transaction dated Thursday, November 9th. The stock was sold at an average price of $64.46, for a total value of $1,128,050.00. Following the transaction, the insider now directly owns 30,040 shares in the company, valued at approximately $1,936,378.40. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, major shareholder Alfred P. West, Jr. sold 50,000 shares of the company’s stock in a transaction dated Thursday, November 2nd. The stock was sold at an average price of $64.64, for a total value of $3,232,000.00. Following the completion of the transaction, the insider now owns 10,619,272 shares in the company, valued at $686,429,742.08. The disclosure for this sale can be found here. Insiders sold a total of 136,250 shares of company stock worth $9,057,050 over the last 90 days. Corporate insiders own 16.50% of the company’s stock.

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SEI Investments Company Profile

SEI Investments Company provides investment processing, investment management and investment operations solutions. The Company provides its solutions to financial institutions, financial advisors, institutional investors, investment managers and ultra-high-net-worth families in the United States, Canada, the United Kingdom, continental Europe and various other locations around the world.

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Institutional Ownership by Quarter for SEI Investments (NASDAQ:SEIC)

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