Hsbc Holdings PLC Purchases 117,400 Shares of SEI Investments Company $SEIC

Hsbc Holdings PLC lifted its holdings in SEI Investments Company (NASDAQ:SEIC) by 185.4% during the fourth quarter, Holdings Channel.com reports. The institutional investor owned 180,716 shares of the asset manager’s stock after acquiring an additional 117,400 shares during the quarter. Hsbc Holdings PLC’s holdings in SEI Investments were worth $14,895,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors also recently modified their holdings of the business. Bank of America Corp DE increased its position in shares of SEI Investments by 4.4% during the second quarter. Bank of America Corp DE now owns 3,160,636 shares of the asset manager’s stock valued at $284,015,000 after acquiring an additional 133,057 shares during the last quarter. Geode Capital Management LLC increased its position in shares of SEI Investments by 3.9% during the 4th quarter. Geode Capital Management LLC now owns 2,894,317 shares of the asset manager’s stock valued at $237,421,000 after purchasing an additional 109,974 shares during the last quarter. Lord Abbett & CO. LLC raised its stake in shares of SEI Investments by 19.2% during the 4th quarter. Lord Abbett & CO. LLC now owns 1,917,370 shares of the asset manager’s stock worth $157,263,000 after purchasing an additional 308,988 shares during the period. Dimensional Fund Advisors LP boosted its holdings in shares of SEI Investments by 1.7% in the 3rd quarter. Dimensional Fund Advisors LP now owns 1,863,052 shares of the asset manager’s stock worth $158,084,000 after buying an additional 31,953 shares during the last quarter. Finally, First Trust Advisors LP boosted its holdings in shares of SEI Investments by 4.4% in the 4th quarter. First Trust Advisors LP now owns 1,800,938 shares of the asset manager’s stock worth $147,713,000 after buying an additional 75,919 shares during the last quarter. 70.59% of the stock is owned by institutional investors.

Insider Buying and Selling at SEI Investments

In other news, insider Sanjay Sharma sold 25,000 shares of the firm’s stock in a transaction on Thursday, April 23rd. The stock was sold at an average price of $90.12, for a total value of $2,253,000.00. Following the completion of the transaction, the insider directly owned 39,829 shares of the company’s stock, valued at $3,589,389.48. This trade represents a 38.56% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, insider Mark Andrew Warner sold 4,000 shares of SEI Investments stock in a transaction on 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 owned 921 shares of the company’s stock, valued at approximately $83,958.36. This trade represents a 81.28% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Over the last three months, insiders have sold 111,332 shares of company stock worth $9,908,883. Company insiders own 4.80% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of analysts recently issued reports on SEIC shares. Raymond James Financial raised their price objective on shares of SEI Investments from $122.00 to $124.00 and gave the stock an “outperform” rating in a report on Monday. Keefe, Bruyette & Woods boosted their target price on shares of SEI Investments from $95.00 to $107.00 and gave the company an “outperform” rating in a research note on Thursday, April 23rd. Morgan Stanley reduced 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 report on Thursday, April 2nd. Weiss Ratings reaffirmed a “buy (b)” rating on shares of SEI Investments in a report on Tuesday, April 21st. Finally, Piper Sandler reiterated an “overweight” rating and issued a $105.00 price objective (up from $99.00) on shares of SEI Investments in a research note on Thursday, April 23rd. Six analysts have rated the stock with a Buy rating and one has issued 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 target price of $111.80.

SEI Investments Trading Up 1.0%

Shares of SEI Investments stock opened at $95.94 on Wednesday. The stock has a market capitalization of $11.54 billion, a P/E ratio of 16.37 and a beta of 0.97. SEI Investments Company has a 52-week low of $75.08 and a 52-week high of $96.19. 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 simple moving average is $90.12 and its 200 day simple moving average is $84.94.

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

SEI Investments Announces Dividend

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

SEI Investments 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.