Magnetar Financial LLC Has $4.39 Million Stake in SEI Investments Company $SEIC

Magnetar Financial LLC increased its position in SEI Investments Company (NASDAQ:SEIC) by 295.3% during the third quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 51,675 shares of the asset manager’s stock after purchasing an additional 38,601 shares during the quarter. Magnetar Financial LLC’s holdings in SEI Investments were worth $4,385,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also recently modified their holdings of SEIC. Root Financial Partners LLC acquired a new position in SEI Investments in the 3rd quarter valued at about $28,000. SJS Investment Consulting Inc. lifted its position in SEI Investments by 142.9% during the third quarter. SJS Investment Consulting Inc. now owns 357 shares of the asset manager’s stock worth $30,000 after acquiring an additional 210 shares during the last quarter. CoreFirst Bank & Trust bought a new stake in shares of SEI Investments during the second quarter worth approximately $34,000. Geneos Wealth Management Inc. grew its position in shares of SEI Investments by 60.2% in the first quarter. Geneos Wealth Management Inc. now owns 532 shares of the asset manager’s stock valued at $41,000 after purchasing an additional 200 shares during the last quarter. Finally, Abich Financial Wealth Management LLC acquired a new position in shares of SEI Investments in the third quarter valued at approximately $50,000. 70.59% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Several analysts recently weighed in on the company. Morgan Stanley lifted their price target on SEI Investments from $115.00 to $117.00 and gave the stock an “overweight” rating in a report on Tuesday, January 6th. Keefe, Bruyette & Woods lifted their price objective on SEI Investments from $97.00 to $102.00 and gave the company an “outperform” rating in a report on Thursday, January 8th. Piper Sandler reiterated an “overweight” rating and set a $106.00 target price on shares of SEI Investments in a research report on Friday, February 20th. Raymond James Financial reissued an “outperform” rating and set a $117.00 target price on shares of SEI Investments in a report on Monday, January 5th. Finally, UBS Group started coverage on SEI Investments in a research report on Wednesday, February 4th. They issued a “buy” rating and a $115.00 price target on the stock. Seven research analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the stock. According to data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average target price of $109.67.

SEI Investments Trading Down 0.5%

Shares of NASDAQ SEIC opened at $79.64 on Thursday. The firm has a 50 day moving average price of $83.57 and a two-hundred day moving average price of $83.67. The stock has a market cap of $9.74 billion, a P/E ratio of 14.15 and a beta of 0.96. SEI Investments Company has a 52-week low of $64.66 and a 52-week high of $93.96. The company has a debt-to-equity ratio of 0.04, a quick ratio of 3.20 and a current ratio of 3.29.

SEI Investments (NASDAQ:SEIC) last issued its quarterly earnings results on Wednesday, January 28th. The asset manager reported $1.30 EPS for the quarter, missing analysts’ consensus estimates of $1.34 by ($0.04). The business had revenue of $607.93 million for the quarter, compared to analyst estimates of $596.97 million. SEI Investments had a return on equity of 30.26% and a net margin of 31.14%.SEI Investments’s revenue for the quarter was up 9.1% on a year-over-year basis. During the same quarter last year, the firm posted $1.19 EPS. As a group, equities analysts forecast that SEI Investments Company will post 4.86 EPS for the current year.

SEI Investments Announces Dividend

The business also recently disclosed a dividend, which was paid on Monday, January 12th. Stockholders of record on Monday, December 29th were given a dividend of $0.52 per share. This represents a dividend yield of 124.0%. The ex-dividend date was Monday, December 29th. SEI Investments’s dividend payout ratio (DPR) is 18.47%.

Insider Transactions at SEI Investments

In related news, CEO Ryan Hicke sold 80,000 shares of SEI Investments stock in a transaction that occurred on Thursday, January 29th. The stock was sold at an average price of $87.36, for a total value of $6,988,800.00. Following the transaction, the chief executive officer directly owned 197,164 shares of the company’s stock, valued at $17,224,247.04. The trade was a 28.86% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, insider Mark Andrew Warner sold 4,000 shares of the company’s stock in a transaction that occurred on Wednesday, February 25th. The shares were sold at an average price of $81.74, for a total value of $326,960.00. Following the completion of the sale, the insider owned 921 shares in the company, valued at $75,282.54. The trade was a 81.28% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. 14.60% of the stock is owned by company insiders.

SEI Investments Company 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.