Schechter Investment Advisors LLC Sells 753 Shares of SEI Investments (NASDAQ:SEIC)

Schechter Investment Advisors LLC lessened its holdings in shares of SEI Investments (NASDAQ:SEIC) by 3.4% during the 4th quarter, according to its most recent disclosure with the SEC. The fund owned 21,334 shares of the asset manager’s stock after selling 753 shares during the period. Schechter Investment Advisors LLC’s holdings in SEI Investments were worth $1,760,000 at the end of the most recent reporting period.

A number of other institutional investors have also made changes to their positions in SEIC. Geode Capital Management LLC lifted its holdings in SEI Investments by 13.5% during the 3rd quarter. Geode Capital Management LLC now owns 2,520,430 shares of the asset manager’s stock worth $174,092,000 after buying an additional 300,704 shares in the last quarter. Boston Trust Walden Corp lifted its stake in shares of SEI Investments by 1.6% during the fourth quarter. Boston Trust Walden Corp now owns 1,306,329 shares of the asset manager’s stock valued at $107,746,000 after acquiring an additional 20,020 shares during the period. Bank of New York Mellon Corp boosted its holdings in SEI Investments by 4.1% in the fourth quarter. Bank of New York Mellon Corp now owns 1,171,743 shares of the asset manager’s stock valued at $96,645,000 after acquiring an additional 46,425 shares during the last quarter. FMR LLC boosted its holdings in SEI Investments by 249.7% in the third quarter. FMR LLC now owns 885,113 shares of the asset manager’s stock valued at $61,241,000 after acquiring an additional 632,024 shares during the last quarter. Finally, UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC increased its position in SEI Investments by 2.0% in the third quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 546,187 shares of the asset manager’s stock worth $37,791,000 after purchasing an additional 10,576 shares during the period. 70.59% of the stock is owned by institutional investors.

Insiders Place Their Bets

In other news, Chairman Alfred P. West, Jr. sold 52,042 shares of SEI Investments stock in a transaction dated Monday, December 16th. The shares were sold at an average price of $85.23, for a total value of $4,435,539.66. Following the completion of the transaction, the chairman now owns 7,232,922 shares of the company’s stock, valued at $616,461,942.06. This trade represents a 0.71 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available at this link. Insiders have sold 171,194 shares of company stock valued at $14,579,872 in the last 90 days. 14.30% of the stock is currently owned by insiders.

Wall Street Analyst Weigh In

Several analysts have commented on SEIC shares. Keefe, Bruyette & Woods reiterated a “market perform” rating and set a $90.00 target price (up previously from $86.00) on shares of SEI Investments in a research report on Thursday, January 30th. Morgan Stanley increased their target price on SEI Investments from $75.00 to $80.00 and gave the company an “underweight” rating in a research note on Friday, January 3rd. Oppenheimer boosted their target price on SEI Investments from $85.00 to $94.00 and gave the stock an “outperform” rating in a research report on Tuesday, January 7th. Raymond James raised SEI Investments from a “market perform” rating to an “outperform” rating and set a $99.00 price target for the company in a research note on Thursday, January 30th. Finally, Piper Sandler lifted their price objective on shares of SEI Investments from $77.00 to $87.00 and gave the stock a “neutral” rating in a research note on Monday, December 23rd. One equities research analyst has rated the stock with a sell rating, two have issued a hold rating and two have assigned a buy rating to the company’s stock. Based on data from MarketBeat, the company presently has a consensus rating of “Hold” and a consensus price target of $90.00.

SEI Investments Price Performance

Shares of SEI Investments stock opened at $79.05 on Tuesday. The firm has a market cap of $10.04 billion, a price-to-earnings ratio of 17.88, a price-to-earnings-growth ratio of 1.41 and a beta of 0.98. The stock’s 50-day moving average is $82.74 and its 200-day moving average is $77.33. SEI Investments has a one year low of $62.38 and a one year high of $87.25.

SEI Investments (NASDAQ:SEIC) last announced its earnings results on Wednesday, January 29th. The asset manager reported $1.19 EPS for the quarter, missing the consensus estimate 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 expect that SEI Investments will post 4.86 EPS for the current year.

SEI Investments Increases Dividend

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

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.