Ashton Thomas Private Wealth LLC Has $1.32 Million Stock Holdings in SEI Investments (NASDAQ:SEIC)

Ashton Thomas Private Wealth LLC lifted its holdings in shares of SEI Investments (NASDAQ:SEIC) by 10.2% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 15,875 shares of the asset manager’s stock after buying an additional 1,464 shares during the period. Ashton Thomas Private Wealth LLC’s holdings in SEI Investments were worth $1,317,000 at the end of the most recent quarter.

A number of other large investors also recently modified their holdings of the business. Candriam S.C.A. acquired a new position in shares of SEI Investments during the 4th quarter worth about $3,296,000. Raymond James Financial Inc. acquired a new position in shares of SEI Investments during the 4th quarter worth about $42,548,000. Proficio Capital Partners LLC acquired a new position in shares of SEI Investments during the 4th quarter worth about $993,000. Atria Investments Inc boosted its stake in shares of SEI Investments by 1.0% during the 4th quarter. Atria Investments Inc now owns 36,048 shares of the asset manager’s stock worth $2,973,000 after buying an additional 368 shares during the last quarter. Finally, Victory Capital Management Inc. boosted its stake in shares of SEI Investments by 1.7% during the 4th quarter. Victory Capital Management Inc. now owns 164,048 shares of the asset manager’s stock worth $13,531,000 after buying an additional 2,800 shares during the last quarter. 70.59% of the stock is currently owned by institutional investors and hedge funds.

SEI Investments Stock Down 0.3 %

SEI Investments stock opened at $75.77 on Friday. The company’s 50-day moving average price is $82.11 and its two-hundred day moving average price is $77.52. The stock has a market cap of $9.62 billion, a P/E ratio of 17.14, a P/E/G ratio of 1.41 and a beta of 0.94. SEI Investments has a twelve month low of $62.38 and a twelve month high of $87.25.

SEI Investments (NASDAQ:SEIC) last released its quarterly earnings results on Wednesday, January 29th. The asset manager reported $1.19 earnings per share for the quarter, missing the consensus estimate of $1.21 by ($0.02). SEI Investments had a return on equity of 25.51% and a net margin of 27.35%. Equities analysts anticipate that SEI Investments will post 4.86 earnings per share for the current fiscal year.

SEI Investments Increases Dividend

The firm also recently declared a semi-annual dividend, which was paid on Wednesday, January 8th. Investors of record on Friday, December 27th were paid a $0.49 dividend. The ex-dividend date of this dividend was Friday, December 27th. This is an increase from SEI Investments’s previous semi-annual dividend of $0.46. This represents a dividend yield of 1.1%. SEI Investments’s dividend payout ratio is 22.17%.

Wall Street Analyst Weigh In

A number of equities analysts have recently commented on the stock. Raymond James upgraded shares of SEI Investments from a “market perform” rating to an “outperform” rating and set a $99.00 price objective for the company in a research note on Thursday, January 30th. Piper Sandler lifted their price target on SEI Investments from $77.00 to $87.00 and gave the stock a “neutral” rating in a report on Monday, December 23rd. Keefe, Bruyette & Woods reiterated a “market perform” rating and set a $90.00 price target (up previously from $86.00) on shares of SEI Investments in a report on Thursday, January 30th. Morgan Stanley lifted their price target on SEI Investments from $75.00 to $80.00 and gave the stock an “underweight” rating in a report on Friday, January 3rd. Finally, Oppenheimer lifted their price target on SEI Investments from $85.00 to $94.00 and gave the stock an “outperform” rating in a report on Tuesday, January 7th. One investment analyst has rated the stock with a sell rating, two have issued a hold rating and two have assigned a buy rating to the company’s stock. According to MarketBeat, the stock has a consensus rating of “Hold” and a consensus target price of $90.00.

Insider Buying and Selling

In other SEI Investments news, insider Mark Andrew Warner sold 5,000 shares of the business’s stock in a transaction dated Monday, March 3rd. The shares were sold at an average price of $80.39, for a total value of $401,950.00. Following the completion of the sale, the insider now owns 1,300 shares of the company’s stock, valued at $104,507. The trade was a 79.37 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Also, Chairman Alfred P. West, Jr. sold 1,372 shares of the business’s stock in a transaction dated Wednesday, March 5th. The shares were sold at an average price of $76.28, for a total transaction of $104,656.16. Following the completion of the sale, the chairman now directly owns 7,078,708 shares of the company’s stock, valued at $539,963,846.24. This represents a 0.02 % decrease in their position. The disclosure for this sale can be found here. Over the last three months, insiders have sold 225,414 shares of company stock valued at $18,801,608. 14.30% of the stock is owned by company insiders.

SEI Investments 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.