SEI Investments Company $SEIC Shares Acquired by Robeco Institutional Asset Management B.V.

Robeco Institutional Asset Management B.V. increased its holdings in shares of SEI Investments Company (NASDAQ:SEIC) by 70.0% in the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 131,252 shares of the asset manager’s stock after purchasing an additional 54,067 shares during the period. Robeco Institutional Asset Management B.V.’s holdings in SEI Investments were worth $11,137,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds also recently added to or reduced their stakes in the company. Farther Finance Advisors LLC grew its position in SEI Investments by 33.4% in the second quarter. Farther Finance Advisors LLC now owns 1,780 shares of the asset manager’s stock valued at $160,000 after acquiring an additional 446 shares in the last quarter. First Citizens Bank & Trust Co. boosted its stake in shares of SEI Investments by 114.3% in the second quarter. First Citizens Bank & Trust Co. now owns 21,324 shares of the asset manager’s stock valued at $1,916,000 after purchasing an additional 11,373 shares during the period. Norges Bank acquired a new stake in SEI Investments during the 2nd quarter valued at $55,685,000. 111 Capital purchased a new stake in SEI Investments during the 2nd quarter worth $941,000. Finally, iSAM Funds UK Ltd acquired a new position in SEI Investments in the 2nd quarter worth $1,804,000. 70.59% of the stock is owned by hedge funds and other institutional investors.

SEI Investments Price Performance

Shares of NASDAQ SEIC opened at $86.77 on Friday. The company has a market capitalization of $10.62 billion, a price-to-earnings ratio of 15.95 and a beta of 0.97. SEI Investments Company has a twelve month low of $64.66 and a twelve month high of $93.96. The business has a 50 day simple moving average of $82.60 and a 200-day simple moving average of $85.69. The company has a current ratio of 5.73, a quick ratio of 5.62 and a debt-to-equity ratio of 0.04.

SEI Investments (NASDAQ:SEIC) last announced its quarterly earnings results on Wednesday, October 22nd. The asset manager reported $1.30 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.25 by $0.05. The business had revenue of $578.51 million for the quarter, compared to the consensus estimate of $578.75 million. SEI Investments had a return on equity of 30.21% and a net margin of 31.09%.During the same quarter last year, the business posted $1.19 EPS. The business’s revenue was up 7.6% on a year-over-year basis. As a group, equities research analysts expect that SEI Investments Company will post 4.86 earnings per share for the current year.

SEI Investments Dividend Announcement

The company also recently disclosed a dividend, which will be paid on Monday, January 12th. Investors of record on Monday, December 29th will be issued a $0.52 dividend. This represents a dividend yield of 124.0%. The ex-dividend date of this dividend is Monday, December 29th. SEI Investments’s dividend payout ratio (DPR) is 19.12%.

SEI Investments declared that its Board of Directors has initiated a stock buyback program on Friday, October 24th that allows the company to buyback $650.00 million in shares. This buyback authorization allows the asset manager to repurchase up to 6.4% of its stock through open market purchases. Stock buyback programs are typically an indication that the company’s management believes its stock is undervalued.

Analysts Set New Price Targets

A number of analysts have recently issued reports on the company. Raymond James Financial reaffirmed an “outperform” rating and set a $117.00 target price on shares of SEI Investments in a research report on Monday. Weiss Ratings restated a “buy (b)” rating on shares of SEI Investments in a research note on Wednesday, October 8th. Zacks Research cut SEI Investments from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, November 11th. Morgan Stanley raised their price target on shares of SEI Investments from $115.00 to $117.00 and gave the stock an “overweight” rating in a research report on Tuesday. Finally, Keefe, Bruyette & Woods upped their price target on shares of SEI Investments from $97.00 to $102.00 and gave the company an “outperform” rating in a report on Thursday. Six investment analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the company’s stock. According to data from MarketBeat, SEI Investments has an average rating of “Moderate Buy” and an average target price of $107.80.

Insider Buying and Selling at SEI Investments

In related news, Chairman Alfred P. West, Jr. sold 24,770 shares of SEI Investments stock in a transaction dated Wednesday, December 3rd. The shares were sold at an average price of $80.87, for a total value of $2,003,149.90. Following the sale, the chairman directly owned 6,942,812 shares in the company, valued at $561,465,206.44. This trade represents a 0.36% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. 14.60% of the stock is currently owned by company insiders.

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.