Oxbow Advisors LLC Purchases Shares of 42,099 SEI Investments Company $SEIC

Oxbow Advisors LLC acquired a new position in shares of SEI Investments Company (NASDAQ:SEIC) in the second quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund acquired 42,099 shares of the asset manager’s stock, valued at approximately $3,692,000.

Other institutional investors and hedge funds have also recently modified their holdings of the company. BlackRock Inc. acquired a new stake in shares of SEI Investments during the 2nd quarter worth about $870,745,000. Bank of New York Mellon Corp acquired a new position in SEI Investments in the 2nd quarter valued at about $78,430,000. Norges Bank acquired a new position in SEI Investments in the 4th quarter valued at about $53,548,000. Clark Capital Management Group Inc. raised its holdings in SEI Investments by 2,333.2% in the 4th quarter. Clark Capital Management Group Inc. now owns 645,859 shares of the asset manager’s stock valued at $52,973,000 after acquiring an additional 619,315 shares during the period. Finally, PFA Pension Forsikringsaktieselskab bought a new position in SEI Investments in the 4th quarter valued at about $43,186,000. 70.59% of the stock is currently owned by institutional investors and hedge funds.

Insiders Place Their Bets

In related news, Director Kathryn Mccarthy sold 10,000 shares of the company’s stock in a transaction dated Monday, August 3rd. The shares were sold at an average price of $103.53, for a total transaction of $1,035,300.00. Following the completion of the sale, the director owned 77,883 shares of the company’s stock, valued at $8,063,226.99. This represents a 11.38% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. Also, insider Sanjay Sharma sold 20,000 shares of the stock in a transaction dated Friday, July 24th. The stock was sold at an average price of $99.33, for a total transaction of $1,986,600.00. Following the sale, the insider owned 39,829 shares in the company, valued at $3,956,214.57. The trade was a 33.43% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold 142,332 shares of company stock valued at $13,745,813 over the last 90 days. 4.80% of the stock is owned by company insiders.

SEI Investments Price Performance

SEI Investments stock opened at $106.92 on Wednesday. The firm has a market cap of $12.83 billion, a PE ratio of 18.86 and a beta of 0.96. The company has a debt-to-equity ratio of 0.06, a current ratio of 5.06 and a quick ratio of 4.96. The stock’s fifty day moving average price is $96.82 and its two-hundred day moving average price is $88.35. SEI Investments Company has a one year low of $75.08 and a one year high of $107.46.

SEI Investments (NASDAQ:SEIC) last released its earnings results on Wednesday, July 22nd. The asset manager reported $1.66 earnings per share for the quarter, beating analysts’ consensus estimates of $1.44 by $0.22. The firm had revenue of $641.62 million during the quarter, compared to the consensus estimate of $636.35 million. SEI Investments had a return on equity of 29.16% and a net margin of 28.85%.The company’s revenue was up 14.7% compared to the same quarter last year. During the same period in the prior year, the company posted $1.78 EPS. As a group, research analysts expect that SEI Investments Company will post 6.2 EPS for the current fiscal year.

SEI Investments Announces Dividend

The business also recently declared a dividend, which was paid on Tuesday, June 16th. Investors of record on Monday, June 8th were paid a $0.52 dividend. This represents a yield of 118.0%. The ex-dividend date of this dividend was Monday, June 8th. SEI Investments’s payout ratio is 18.34%.

Analyst Ratings Changes

Several equities research analysts have issued reports on the stock. Morgan Stanley raised their price objective on shares of SEI Investments from $115.00 to $125.00 and gave the stock an “overweight” rating in a research report on Thursday, July 23rd. Wall Street Zen raised SEI Investments from a “hold” rating to a “buy” rating in a research report on Saturday, July 25th. Zacks Research upgraded SEI Investments from a “hold” rating to a “strong-buy” rating in a research note on Thursday, July 23rd. Keefe, Bruyette & Woods lifted their price target on SEI Investments from $113.00 to $119.00 and gave the stock an “outperform” rating in a report on Thursday, July 23rd. Finally, Piper Sandler boosted their price target on SEI Investments from $114.00 to $120.00 and gave the company an “overweight” rating in a research note on Thursday, July 23rd. One analyst has rated the stock with a Strong Buy rating and six have issued a Buy rating to the company. According to data from MarketBeat.com, SEI Investments currently has an average rating of “Buy” and a consensus target price of $122.60.

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.