41,842 Shares in SEI Investments Company $SEIC Purchased by Oxbow Advisors LLC

Oxbow Advisors LLC acquired a new stake in shares of SEI Investments Company (NASDAQ:SEIC) in the first quarter, according to the company in its most recent filing with the SEC. The firm acquired 41,842 shares of the asset manager’s stock, valued at approximately $3,283,000.

Several other large investors also recently added to or reduced their stakes in SEIC. Community Bank N.A. purchased a new position in shares of SEI Investments during the third quarter worth approximately $35,000. Allworth Financial LP boosted its holdings in shares of SEI Investments by 44.0% in the third quarter. Allworth Financial LP now owns 432 shares of the asset manager’s stock valued at $37,000 after purchasing an additional 132 shares during the period. CIBC Private Wealth Group LLC boosted its holdings in shares of SEI Investments by 353.1% in the third quarter. CIBC Private Wealth Group LLC now owns 435 shares of the asset manager’s stock valued at $37,000 after purchasing an additional 339 shares during the period. Root Financial Partners LLC grew its stake in SEI Investments by 40.8% in the first quarter. Root Financial Partners LLC now owns 487 shares of the asset manager’s stock worth $38,000 after purchasing an additional 141 shares in the last quarter. Finally, Geneos Wealth Management Inc. increased its holdings in SEI Investments by 60.2% during the 1st quarter. Geneos Wealth Management Inc. now owns 532 shares of the asset manager’s stock worth $41,000 after purchasing an additional 200 shares during the period. 70.59% of the stock is owned by hedge funds and other institutional investors.

Insider Activity at SEI Investments

In other SEI Investments news, 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 transaction, the insider directly owned 921 shares in the company, valued at approximately $83,958.36. The trade was a 81.28% decrease in their ownership of the stock. 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 7,332 shares of the stock in a transaction dated Monday, June 29th. The shares were sold at an average price of $87.39, for a total transaction of $640,743.48. Following the sale, the chairman directly owned 6,818,451 shares of the company’s stock, valued at approximately $595,864,432.89. The trade was a 0.11% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold 111,332 shares of company stock valued at $9,908,883 over the last 90 days. Company insiders own 4.80% of the company’s stock.

SEI Investments Stock Performance

Shares of NASDAQ:SEIC opened at $91.43 on Friday. The firm has a 50 day moving average of $89.90 and a 200 day moving average of $84.75. The company has a quick ratio of 4.40, a current ratio of 4.52 and a debt-to-equity ratio of 0.07. The company has a market capitalization of $11.00 billion, a price-to-earnings ratio of 15.60 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.

SEI Investments (NASDAQ:SEIC) last announced its earnings results on Wednesday, April 22nd. The asset manager reported $1.44 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.29 by $0.15. SEI Investments had a return on equity of 30.70% and a net margin of 31.17%.The business had revenue of $622.18 million for the quarter, compared to analysts’ expectations of $641.82 million. During the same quarter last year, the firm earned $1.17 EPS. The business’s revenue for the quarter was up 12.9% on a year-over-year basis. On average, sell-side analysts predict that SEI Investments Company will post 5.89 earnings per share for the current fiscal year.

SEI Investments Announces Dividend

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

Wall Street Analysts Forecast Growth

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

About SEI Investments

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.