Atria Investments LLC Reduces Position in SEI Investments (NASDAQ:SEIC)

Atria Investments LLC cut its stake in shares of SEI Investments (NASDAQ:SEICGet Rating) by 2.0% during the first quarter, Holdings Channel.com reports. The institutional investor owned 34,862 shares of the asset manager’s stock after selling 721 shares during the quarter. Atria Investments LLC’s holdings in SEI Investments were worth $2,099,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other large investors have also recently made changes to their positions in the company. State Street Corp lifted its position in SEI Investments by 0.6% during the fourth quarter. State Street Corp now owns 5,690,615 shares of the asset manager’s stock valued at $349,030,000 after purchasing an additional 35,910 shares during the period. Geode Capital Management LLC lifted its position in SEI Investments by 7.9% during the fourth quarter. Geode Capital Management LLC now owns 1,943,809 shares of the asset manager’s stock valued at $118,418,000 after purchasing an additional 141,772 shares during the period. First Trust Advisors LP lifted its position in SEI Investments by 311.8% during the fourth quarter. First Trust Advisors LP now owns 1,376,254 shares of the asset manager’s stock valued at $83,869,000 after purchasing an additional 1,042,033 shares during the period. Boston Trust Walden Corp lifted its position in SEI Investments by 14.4% during the first quarter. Boston Trust Walden Corp now owns 1,139,330 shares of the asset manager’s stock valued at $68,599,000 after purchasing an additional 143,693 shares during the period. Finally, Dimensional Fund Advisors LP lifted its position in SEI Investments by 0.5% during the fourth quarter. Dimensional Fund Advisors LP now owns 1,083,692 shares of the asset manager’s stock valued at $66,042,000 after purchasing an additional 4,928 shares during the period. 70.44% of the stock is owned by hedge funds and other institutional investors.

SEI Investments Trading Down 0.9 %

Shares of SEI Investments stock opened at $54.39 on Monday. The firm has a 50-day simple moving average of $54.86 and a two-hundred day simple moving average of $57.31. The company has a market cap of $7.47 billion, a P/E ratio of 13.04, a price-to-earnings-growth ratio of 1.23 and a beta of 1.03. SEI Investments has a fifty-two week low of $51.07 and a fifty-two week high of $65.22. The company has a debt-to-equity ratio of 0.02, a quick ratio of 5.08 and a current ratio of 5.42.

SEI Investments (NASDAQ:SEICGet Rating) last released its quarterly earnings results on Wednesday, July 20th. The asset manager reported $0.81 earnings per share for the quarter, missing the consensus estimate of $0.83 by ($0.02). SEI Investments had a return on equity of 30.81% and a net margin of 28.53%. The company had revenue of $481.67 million for the quarter, compared to analyst estimates of $472.18 million. During the same quarter last year, the company earned $0.93 EPS. The firm’s revenue for the quarter was up 1.3% on a year-over-year basis. As a group, equities analysts predict that SEI Investments will post 3.68 earnings per share for the current fiscal year.

SEI Investments declared that its board has authorized a stock repurchase program on Wednesday, June 1st that authorizes the company to buyback $200.00 million in shares. This buyback authorization authorizes the asset manager to reacquire up to 2.5% of its stock through open market purchases. Stock buyback programs are often an indication that the company’s leadership believes its shares are undervalued.

SEI Investments Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Wednesday, June 22nd. Investors of record on Monday, June 13th were given a dividend of $0.40 per share. This represents a $1.60 annualized dividend and a dividend yield of 2.94%. The ex-dividend date of this dividend was Friday, June 10th. This is an increase from SEI Investments’s previous quarterly dividend of $0.37. SEI Investments’s dividend payout ratio is 19.18%.

Wall Street Analysts Forecast Growth

A number of research analysts recently issued reports on the stock. Keefe, Bruyette & Woods decreased their target price on shares of SEI Investments from $62.00 to $55.00 in a research report on Thursday, July 14th. StockNews.com downgraded shares of SEI Investments from a “buy” rating to a “hold” rating in a research report on Friday. The Goldman Sachs Group decreased their price objective on shares of SEI Investments to $58.00 in a research report on Friday. Finally, Morgan Stanley decreased their price objective on shares of SEI Investments from $55.00 to $52.00 and set an “underweight” rating for the company in a research report on Thursday. One research analyst has rated the stock with a sell rating, three have issued a hold rating and one has issued a buy rating to the company. Based on data from MarketBeat.com, the company presently has a consensus rating of “Hold” and an average price target of $60.40.

About SEI Investments

(Get Rating)

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.

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