Crestwood Advisors Group LLC Buys 99,639 Shares of SEI Investments (NASDAQ:SEIC)

Crestwood Advisors Group LLC grew its position in SEI Investments (NASDAQ:SEIC) by 91.1% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 209,032 shares of the asset manager’s stock after buying an additional 99,639 shares during the quarter. Crestwood Advisors Group LLC owned 0.16% of SEI Investments worth $17,241,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also made changes to their positions in the company. First Horizon Advisors Inc. lifted its stake in SEI Investments by 25.4% in the fourth quarter. First Horizon Advisors Inc. now owns 578 shares of the asset manager’s stock worth $48,000 after acquiring an additional 117 shares during the period. Aurora Investment Counsel raised its holdings in shares of SEI Investments by 0.6% in the 3rd quarter. Aurora Investment Counsel now owns 25,162 shares of the asset manager’s stock valued at $1,741,000 after purchasing an additional 144 shares in the last quarter. Venturi Wealth Management LLC raised its holdings in shares of SEI Investments by 7.3% in the 4th quarter. Venturi Wealth Management LLC now owns 2,105 shares of the asset manager’s stock valued at $174,000 after purchasing an additional 144 shares in the last quarter. Principal Securities Inc. lifted its position in shares of SEI Investments by 13.3% in the 4th quarter. Principal Securities Inc. now owns 1,324 shares of the asset manager’s stock worth $109,000 after purchasing an additional 155 shares during the period. Finally, Allworth Financial LP boosted its stake in shares of SEI Investments by 53.7% during the fourth quarter. Allworth Financial LP now owns 452 shares of the asset manager’s stock valued at $38,000 after purchasing an additional 158 shares in the last quarter. Institutional investors own 70.59% of the company’s stock.

Insider Activity at SEI Investments

In other SEI Investments news, Chairman Alfred P. West, Jr. sold 19,010 shares of SEI Investments stock in a transaction dated Wednesday, December 4th. The stock was sold at an average price of $82.49, for a total transaction of $1,568,134.90. Following the completion of the transaction, the chairman now owns 7,377,506 shares in the company, valued at approximately $608,570,469.94. This trade represents a 0.26 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through this link. Insiders have sold a total of 171,194 shares of company stock worth $14,579,872 over the last quarter. Insiders own 14.30% of the company’s stock.

Analyst Upgrades and Downgrades

SEIC has been the topic of several analyst reports. Oppenheimer lifted their target price on SEI Investments from $85.00 to $94.00 and gave the company an “outperform” rating in a research note on Tuesday, January 7th. Piper Sandler lifted their price objective on shares of SEI Investments from $77.00 to $87.00 and gave the stock a “neutral” rating in a research report on Monday, December 23rd. Keefe, Bruyette & Woods reissued a “market perform” rating and set a $90.00 target price (up previously from $86.00) on shares of SEI Investments in a research report on Thursday, January 30th. Raymond James upgraded shares of SEI Investments from a “market perform” rating to an “outperform” rating and set a $99.00 target price for the company in a research note on Thursday, January 30th. Finally, Morgan Stanley upped their price target on SEI Investments from $75.00 to $80.00 and gave the stock an “underweight” rating in a research report on Friday, January 3rd. One research analyst has rated the stock with a sell rating, two have issued a hold rating and three have issued a buy rating to the company. According to data from MarketBeat.com, the stock has an average rating of “Hold” and an average price target of $90.00.

SEI Investments Trading Down 2.4 %

NASDAQ:SEIC opened at $80.25 on Monday. The company’s 50 day moving average is $83.17 and its two-hundred day moving average is $76.74. The company has a market cap of $10.34 billion, a PE ratio of 18.16, a P/E/G ratio of 1.41 and a beta of 0.98. 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 earnings results on Wednesday, January 29th. The asset manager reported $1.19 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.21 by ($0.02). SEI Investments had a net margin of 27.35% and a return on equity of 25.51%. As a group, analysts expect that SEI Investments will post 4.86 EPS for the current fiscal year.

SEI Investments Increases Dividend

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

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.