SEI Investments (NASDAQ:SEIC) Stock Holdings Boosted by Lecap Asset Management Ltd.

Lecap Asset Management Ltd. boosted its holdings in SEI Investments (NASDAQ:SEIC) by 145.2% during the 2nd quarter, Holdings Channel reports. The fund owned 19,064 shares of the asset manager’s stock after acquiring an additional 11,289 shares during the quarter. Lecap Asset Management Ltd.’s holdings in SEI Investments were worth $1,233,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors also recently added to or reduced their stakes in the company. TFO Wealth Partners LLC boosted its stake in SEI Investments by 6,277.8% during the fourth quarter. TFO Wealth Partners LLC now owns 574 shares of the asset manager’s stock valued at $36,000 after buying an additional 565 shares in the last quarter. Bessemer Group Inc. lifted its position in shares of SEI Investments by 184.7% in the 1st quarter. Bessemer Group Inc. now owns 595 shares of the asset manager’s stock valued at $43,000 after acquiring an additional 386 shares in the last quarter. EverSource Wealth Advisors LLC boosted its position in shares of SEI Investments by 78.3% in the first quarter. EverSource Wealth Advisors LLC now owns 626 shares of the asset manager’s stock worth $41,000 after buying an additional 275 shares during the period. Mather Group LLC. raised its position in SEI Investments by 181.2% during the second quarter. Mather Group LLC. now owns 776 shares of the asset manager’s stock valued at $50,000 after buying an additional 500 shares during the period. Finally, Evolution Advisers Inc. purchased a new stake in SEI Investments in the 4th quarter worth about $55,000. Institutional investors and hedge funds own 70.59% of the company’s stock.

Analyst Upgrades and Downgrades

Several equities analysts have weighed in on SEIC shares. Keefe, Bruyette & Woods reaffirmed a “market perform” rating and set a $73.00 target price (down previously from $74.00) on shares of SEI Investments in a research note on Thursday, July 25th. Piper Sandler reduced their price objective on shares of SEI Investments from $72.00 to $71.00 and set a “neutral” rating for the company in a research note on Thursday, July 25th. One analyst has rated the stock with a sell rating, two have issued a hold rating and two have issued a buy rating to the company’s stock. According to MarketBeat, the stock presently has an average rating of “Hold” and an average price target of $71.25.

Insider Activity

In other SEI Investments news, Director William Doran sold 5,000 shares of the business’s stock in a transaction dated Monday, June 24th. The stock was sold at an average price of $67.04, for a total value of $335,200.00. Following the completion of the transaction, the director now directly owns 656,386 shares of the company’s stock, valued at $44,004,117.44. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. 14.30% of the stock is currently owned by insiders.

SEI Investments Stock Performance

Shares of NASDAQ:SEIC traded up $0.82 on Wednesday, hitting $67.29. 327,057 shares of the company were exchanged, compared to its average volume of 604,595. The company’s 50 day moving average price is $65.91 and its two-hundred day moving average price is $67.19. The firm has a market capitalization of $8.74 billion, a price-to-earnings ratio of 18.39, a PEG ratio of 1.33 and a beta of 0.99. SEI Investments has a one year low of $52.19 and a one year high of $72.54.

SEI Investments (NASDAQ:SEIC) last posted its earnings results on Wednesday, July 24th. The asset manager reported $1.05 EPS for the quarter, topping the consensus estimate of $1.04 by $0.01. The business had revenue of $518.99 million during the quarter, compared to the consensus estimate of $523.80 million. SEI Investments had a return on equity of 23.25% and a net margin of 25.44%. SEI Investments’s revenue was up 6.1% on a year-over-year basis. During the same quarter last year, the company earned $0.89 EPS. Research analysts predict that SEI Investments will post 4.19 earnings per share for the current year.

SEI Investments Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, June 18th. Investors of record on Monday, June 10th were given a $0.46 dividend. This represents a $1.84 annualized dividend and a yield of 2.73%. The ex-dividend date of this dividend was Monday, June 10th. This is a boost from SEI Investments’s previous quarterly dividend of $0.40. SEI Investments’s payout ratio is 25.14%.

SEI Investments Company Profile

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.