Boston Trust Walden Corp Has $107.75 Million Stake in SEI Investments (NASDAQ:SEIC)

Boston Trust Walden Corp raised its holdings in SEI Investments (NASDAQ:SEIC) by 1.6% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 1,306,329 shares of the asset manager’s stock after buying an additional 20,020 shares during the period. Boston Trust Walden Corp’s holdings in SEI Investments were worth $107,746,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. First Horizon Advisors Inc. increased its position in shares of SEI Investments by 101.3% in the third quarter. First Horizon Advisors Inc. now owns 461 shares of the asset manager’s stock valued at $32,000 after acquiring an additional 232 shares during the last quarter. Livforsakringsbolaget Skandia Omsesidigt raised its stake in shares of SEI Investments by 925.9% during the 3rd quarter. Livforsakringsbolaget Skandia Omsesidigt now owns 554 shares of the asset manager’s stock worth $38,000 after purchasing an additional 500 shares in the last quarter. Point72 DIFC Ltd bought a new stake in shares of SEI Investments during the 3rd quarter worth approximately $45,000. Northwestern Mutual Wealth Management Co. grew its stake in shares of SEI Investments by 16.3% in the second quarter. Northwestern Mutual Wealth Management Co. now owns 1,197 shares of the asset manager’s stock valued at $77,000 after buying an additional 168 shares in the last quarter. Finally, International Assets Investment Management LLC increased its holdings in SEI Investments by 6,818.9% during the third quarter. International Assets Investment Management LLC now owns 2,560 shares of the asset manager’s stock worth $177,000 after buying an additional 2,523 shares during the last quarter. 70.59% of the stock is owned by institutional investors.

SEI Investments Price Performance

Shares of NASDAQ SEIC opened at $86.58 on Monday. SEI Investments has a one year low of $62.38 and a one year high of $87.25. The firm has a market cap of $11.16 billion, a price-to-earnings ratio of 19.59, a P/E/G ratio of 1.48 and a beta of 0.98. The stock’s fifty day moving average price is $83.17 and its two-hundred day moving average price is $74.89.

SEI Investments (NASDAQ:SEIC) last released its quarterly earnings results on Wednesday, January 29th. The asset manager reported $1.19 EPS for the quarter, missing analysts’ consensus estimates of $1.21 by ($0.02). SEI Investments had a return on equity of 25.51% and a net margin of 27.35%. On average, equities analysts anticipate that SEI Investments will post 4.86 earnings per share for the current fiscal year.

SEI Investments Increases Dividend

The business also recently declared a semi-annual dividend, which was paid on Wednesday, January 8th. Investors of record on Friday, December 27th were paid a $0.49 dividend. This is a boost from SEI Investments’s previous semi-annual dividend of $0.46. This represents a dividend yield of 1.1%. The ex-dividend date of this dividend was Friday, December 27th. SEI Investments’s payout ratio is 22.17%.

SEI Investments declared that its Board of Directors has initiated a share repurchase program on Tuesday, October 22nd that permits the company to repurchase $400.00 million in shares. This repurchase authorization permits the asset manager to reacquire up to 4.3% of its shares through open market purchases. Shares repurchase programs are generally an indication that the company’s leadership believes its shares are undervalued.

Analyst Ratings Changes

A number of brokerages have recently issued reports on SEIC. Piper Sandler upped their target price on shares of SEI Investments from $77.00 to $87.00 and gave the company a “neutral” rating in a report on Monday, December 23rd. Raymond James upgraded SEI Investments from a “market perform” rating to an “outperform” rating and set a $99.00 price objective on the stock in a research note on Thursday. Oppenheimer lifted their target price on SEI Investments from $85.00 to $94.00 and gave the stock an “outperform” rating in a research note on Tuesday, January 7th. Morgan Stanley increased their price target on SEI Investments from $75.00 to $80.00 and gave the company an “underweight” rating in a research note on Friday, January 3rd. Finally, Keefe, Bruyette & Woods reiterated a “market perform” rating and issued a $90.00 price objective (up from $86.00) on shares of SEI Investments in a report on Thursday. One analyst has rated the stock with a sell rating, two have assigned a hold rating and three have assigned a buy rating to the stock. According to MarketBeat.com, the stock currently has an average rating of “Hold” and an average price target of $90.00.

Insider Buying and Selling

In other SEI Investments news, EVP Michael Peterson sold 10,000 shares of the firm’s stock in a transaction on Wednesday, November 6th. The stock was sold at an average price of $79.14, for a total value of $791,400.00. Following the sale, the executive vice president now owns 6,500 shares of the company’s stock, valued at approximately $514,410. This trade represents a 60.61 % decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, Chairman Alfred P. West, Jr. sold 19,010 shares of the stock in a transaction that occurred on Wednesday, December 4th. The shares were sold at an average price of $82.49, for a total transaction of $1,568,134.90. Following the completion of the transaction, the chairman now directly owns 7,377,506 shares of the company’s stock, valued at approximately $608,570,469.94. The trade was a 0.26 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 186,194 shares of company stock valued at $15,769,472 over the last 90 days. 14.30% of the stock is owned by corporate insiders.

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.