Rockefeller Capital Management L.P. Acquires 30,122 Shares of SEI Investments Company $SEIC

Rockefeller Capital Management L.P. boosted its stake in SEI Investments Company (NASDAQ:SEIC) by 25.1% in the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 150,008 shares of the asset manager’s stock after purchasing an additional 30,122 shares during the period. Rockefeller Capital Management L.P.’s holdings in SEI Investments were worth $12,304,000 at the end of the most recent reporting period.

Several other large investors have also bought and sold shares of SEIC. Bank of America Corp DE lifted its holdings in SEI Investments by 4.4% during the 2nd quarter. Bank of America Corp DE now owns 3,160,636 shares of the asset manager’s stock worth $284,015,000 after buying an additional 133,057 shares during the period. Geode Capital Management LLC raised its position in shares of SEI Investments by 3.9% during the fourth quarter. Geode Capital Management LLC now owns 2,894,317 shares of the asset manager’s stock worth $237,421,000 after acquiring an additional 109,974 shares during the last quarter. Lord Abbett & CO. LLC lifted its stake in shares of SEI Investments by 19.2% in the fourth quarter. Lord Abbett & CO. LLC now owns 1,917,370 shares of the asset manager’s stock worth $157,263,000 after acquiring an additional 308,988 shares during the period. Dimensional Fund Advisors LP lifted its stake in shares of SEI Investments by 1.7% in the third quarter. Dimensional Fund Advisors LP now owns 1,863,052 shares of the asset manager’s stock worth $158,084,000 after acquiring an additional 31,953 shares during the period. Finally, First Trust Advisors LP boosted its holdings in SEI Investments by 4.4% in the fourth quarter. First Trust Advisors LP now owns 1,800,938 shares of the asset manager’s stock valued at $147,713,000 after acquiring an additional 75,919 shares during the last quarter. 70.59% of the stock is owned by institutional investors.

Insider Activity at SEI Investments

In other news, Director Kathryn Mccarthy sold 10,000 shares of the firm’s stock in a transaction dated Monday, May 4th. The stock was sold at an average price of $91.07, for a total value of $910,700.00. Following the completion of the sale, the director directly owned 77,883 shares in the company, valued at $7,092,804.81. This trade represents a 11.38% decrease in their position. The sale was disclosed in a filing with the SEC, which is available at this link. Also, insider Mark Andrew Warner sold 4,000 shares of the business’s stock in a transaction dated Tuesday, April 28th. The shares were sold at an average price of $91.16, for a total value of $364,640.00. Following the completion of the sale, the insider directly owned 921 shares of the company’s stock, valued at $83,958.36. The trade was a 81.28% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders sold 54,000 shares of company stock worth $4,905,640 over the last quarter. Company insiders own 4.80% of the company’s stock.

SEI Investments Price Performance

SEI Investments stock opened at $88.89 on Thursday. The stock has a market capitalization of $10.69 billion, a price-to-earnings ratio of 15.17 and a beta of 0.97. SEI Investments Company has a 52-week low of $75.08 and a 52-week high of $93.96. The company has a debt-to-equity ratio of 0.07, a quick ratio of 4.40 and a current ratio of 4.52. The stock’s 50 day moving average price is $88.81 and its two-hundred day moving average price is $84.44.

SEI Investments (NASDAQ:SEIC) last released its quarterly earnings data on Wednesday, April 22nd. The asset manager reported $1.44 earnings per share for the quarter, beating the consensus estimate of $1.29 by $0.15. The company had revenue of $622.18 million during the quarter, compared to analyst estimates of $641.82 million. SEI Investments had a net margin of 31.17% and a return on equity of 30.70%. SEI Investments’s revenue for the quarter was up 12.9% compared to the same quarter last year. During the same quarter in the previous year, the business posted $1.17 EPS. On average, equities analysts predict that SEI Investments Company will post 5.89 earnings per share for the current year.

SEI Investments Announces Dividend

The business also recently declared a dividend, which was paid on Tuesday, June 16th. Shareholders of record on Monday, June 8th were paid a $0.52 dividend. This represents a yield of 118.0%. The ex-dividend date of this dividend was Monday, June 8th. SEI Investments’s payout ratio is 17.75%.

Wall Street Analyst Weigh In

SEIC has been the subject of a number of recent analyst reports. Keefe, Bruyette & Woods increased their target price on shares of SEI Investments from $95.00 to $107.00 and gave the company an “outperform” rating in a research report on Thursday, April 23rd. Morgan Stanley lowered their target price on shares of SEI Investments from $119.00 to $108.00 and set an “overweight” rating for the company in a research note on Thursday, April 2nd. Weiss Ratings restated a “buy (b)” rating on shares of SEI Investments in a report on Tuesday, April 21st. Piper Sandler reaffirmed an “overweight” rating and set a $105.00 price target (up from $99.00) on shares of SEI Investments in a research report on Thursday, April 23rd. Finally, Raymond James Financial reiterated an “outperform” rating and set a $82.00 price target on shares of SEI Investments in a report on Wednesday, April 29th. Seven analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the stock. According to data from MarketBeat, the company currently has an average rating of “Moderate Buy” and an average target price of $103.00.

SEI Investments Company Profile

SEI Investments Company is a global provider of asset management, investment processing, and investment operations solutions. The firm offers a range of services designed to help financial institutions, private banks, wealth managers and family offices streamline back-office functions and enhance front-office capabilities. SEI’s technology platforms support various stages of the investment lifecycle, including trade execution, performance reporting, risk analytics and client communications.

The company’s core offerings include outsourced fund administration, custody and trust services, managed account solutions, and wealth management technology.