WINTON GROUP Ltd increased its stake in SEI Investments (NASDAQ:SEIC) by 687.9% during the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 23,998 shares of the asset manager’s stock after purchasing an additional 20,952 shares during the period. WINTON GROUP Ltd’s holdings in SEI Investments were worth $1,798,000 at the end of the most recent reporting period.
Other hedge funds and other institutional investors also recently made changes to their positions in the company. OLD Mutual Customised Solutions Proprietary Ltd. lifted its holdings in shares of SEI Investments by 73.5% in the 4th quarter. OLD Mutual Customised Solutions Proprietary Ltd. now owns 5,900 shares of the asset manager’s stock worth $424,000 after purchasing an additional 2,500 shares during the last quarter. Amundi Pioneer Asset Management Inc. bought a new stake in shares of SEI Investments in the 4th quarter worth approximately $2,941,000. LPL Financial LLC lifted its holdings in shares of SEI Investments by 11.8% in the 4th quarter. LPL Financial LLC now owns 27,624 shares of the asset manager’s stock worth $1,985,000 after purchasing an additional 2,916 shares during the last quarter. Envestnet Asset Management Inc. lifted its holdings in shares of SEI Investments by 9.1% in the 4th quarter. Envestnet Asset Management Inc. now owns 80,246 shares of the asset manager’s stock worth $5,767,000 after purchasing an additional 6,662 shares during the last quarter. Finally, MML Investors Services LLC bought a new stake in shares of SEI Investments in the 4th quarter worth approximately $411,000. 70.02% of the stock is currently owned by institutional investors and hedge funds.
In related news, insider Joseph P. Ujobai sold 20,000 shares of the firm’s stock in a transaction that occurred on Tuesday, June 12th. The stock was sold at an average price of $66.52, for a total value of $1,330,400.00. The transaction was disclosed in a legal filing with the SEC, which is available through this link. 17.30% of the stock is owned by company insiders.
SEIC has been the topic of several recent research reports. BidaskClub raised SEI Investments from a “hold” rating to a “buy” rating in a report on Saturday, March 3rd. Zacks Investment Research cut SEI Investments from a “buy” rating to a “hold” rating in a research report on Tuesday, March 6th. Sandler O’Neill set a $81.00 target price on SEI Investments and gave the company a “buy” rating in a research report on Tuesday, April 10th. Finally, William Blair cut SEI Investments from an “outperform” rating to a “market perform” rating in a research report on Thursday, April 12th. Four analysts have rated the stock with a hold rating and three have given a buy rating to the company. The company has a consensus rating of “Hold” and a consensus price target of $75.00.
SEIC opened at $64.09 on Tuesday. SEI Investments has a 12 month low of $52.20 and a 12 month high of $78.35. The company has a debt-to-equity ratio of 0.01, a quick ratio of 6.31 and a current ratio of 6.43. The company has a market capitalization of $10.30 billion, a P/E ratio of 24.68, a price-to-earnings-growth ratio of 1.74 and a beta of 1.27.
SEI Investments (NASDAQ:SEIC) last posted its earnings results on Wednesday, April 25th. The asset manager reported $0.86 EPS for the quarter, beating the consensus estimate of $0.76 by $0.10. SEI Investments had a return on equity of 29.07% and a net margin of 28.97%. The firm had revenue of $405.60 million for the quarter, compared to analysts’ expectations of $408.10 million. During the same period last year, the firm earned $0.55 EPS. The firm’s revenue was up 12.7% compared to the same quarter last year. research analysts expect that SEI Investments will post 3.13 earnings per share for the current fiscal year.
SEI Investments declared that its Board of Directors has initiated a stock repurchase plan on Wednesday, May 30th that permits the company to buyback $200.00 million in outstanding shares. This buyback authorization permits the asset manager to purchase up to 1.9% of its stock through open market purchases. Stock buyback plans are often an indication that the company’s board believes its shares are undervalued.
The firm also recently announced a semiannual dividend, which was paid on Friday, June 22nd. Investors of record on Thursday, June 14th were given a $0.30 dividend. This represents a yield of 0.94%. The ex-dividend date was Wednesday, June 13th. SEI Investments’s dividend payout ratio is currently 25.86%.
SEI Investments Profile
SEI Investments Co 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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