Q3 2022 Earnings Forecast for SEI Investments Issued By Oppenheimer (NASDAQ:SEIC)

SEI Investments (NASDAQ:SEICGet Rating) – Stock analysts at Oppenheimer boosted their Q3 2022 earnings per share (EPS) estimates for SEI Investments in a research report issued on Wednesday, July 20th. Oppenheimer analyst O. Lau now anticipates that the asset manager will post earnings per share of $0.79 for the quarter, up from their prior estimate of $0.78. The consensus estimate for SEI Investments’ current full-year earnings is $3.68 per share.

A number of other equities research analysts also recently commented on SEIC. Morgan Stanley reduced their target price on SEI Investments from $55.00 to $52.00 and set an “underweight” rating for the company in a report on Thursday. StockNews.com downgraded SEI Investments from a “buy” rating to a “hold” rating in a research note on Friday. The Goldman Sachs Group cut their price target on SEI Investments to $58.00 in a research note on Friday. Finally, Keefe, Bruyette & Woods cut their price target on SEI Investments from $62.00 to $55.00 in a research note on Thursday, July 14th. One equities research analyst has rated the stock with a sell rating, three have given a hold rating and one has given a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Hold” and an average target price of $60.40.

SEI Investments Price Performance

SEI Investments stock opened at $54.39 on Monday. SEI Investments has a one year low of $51.07 and a one year 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. The business has a fifty day moving average of $54.86 and a two-hundred day 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 (NASDAQ:SEICGet Rating) last released its earnings results on Wednesday, July 20th. The asset manager reported $0.81 EPS for the quarter, missing analysts’ consensus estimates of $0.83 by ($0.02). SEI Investments had a net margin of 28.53% and a return on equity of 30.81%. The business had revenue of $481.67 million during the quarter, compared to analyst estimates of $472.18 million. During the same period last year, the business posted $0.93 EPS. SEI Investments’s revenue was up 1.3% compared to the same quarter last year.

Institutional Trading of SEI Investments

Hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Hazlett Burt & Watson Inc. purchased a new stake in SEI Investments during the 1st quarter worth about $36,000. Artemis Wealth Advisors LLC purchased a new stake in SEI Investments in the 1st quarter valued at about $40,000. Quadrant Capital Group LLC grew its holdings in SEI Investments by 104.6% in the 1st quarter. Quadrant Capital Group LLC now owns 843 shares of the asset manager’s stock valued at $51,000 after buying an additional 431 shares during the period. UMB Bank N A MO purchased a new stake in SEI Investments in the 4th quarter valued at about $52,000. Finally, Signaturefd LLC grew its holdings in SEI Investments by 34.4% in the 4th quarter. Signaturefd LLC now owns 851 shares of the asset manager’s stock valued at $52,000 after buying an additional 218 shares during the period. Hedge funds and other institutional investors own 70.44% of the company’s stock.

SEI Investments Increases Dividend

The business also recently disclosed 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 dividend on an annualized basis and a yield of 2.94%. The ex-dividend date of this dividend was Friday, June 10th. This is a boost from SEI Investments’s previous quarterly dividend of $0.37. SEI Investments’s dividend payout ratio (DPR) is currently 19.18%.

SEI Investments announced that its board has approved a stock repurchase plan on Wednesday, June 1st that allows the company to repurchase $200.00 million in shares. This repurchase authorization allows the asset manager to reacquire up to 2.5% of its stock through open market purchases. Stock repurchase plans are generally a sign that the company’s board of directors believes its shares are undervalued.

About SEI Investments

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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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