SEI Investments Company (SEIC) to Issue Dividend of $0.52 on June 16th

SEI Investments Company (NASDAQ:SEIC) declared a dividend on Wednesday, May 27th. Investors of record on Monday, June 8th will be paid a dividend of 0.52 per share by the asset manager on Tuesday, June 16th. This represents a dividend yield of 116.0%. The ex-dividend date is Monday, June 8th.

SEI Investments has raised its dividend payment by an average of 0.1%per year over the last three years and has increased its dividend annually for the last 34 consecutive years. SEI Investments has a payout ratio of 20.6% meaning its dividend is sufficiently covered by earnings. Equities research analysts expect SEI Investments to earn $6.60 per share next year, which means the company should continue to be able to cover its $1.04 annual dividend with an expected future payout ratio of 15.8%.

SEI Investments Price Performance

Shares of NASDAQ:SEIC opened at $88.60 on Friday. The company’s 50-day moving average is $84.33 and its 200 day moving average is $83.30. The company has a debt-to-equity ratio of 0.07, a quick ratio of 4.40 and a current ratio of 4.52. The company has a market capitalization of $10.66 billion, a P/E ratio of 15.12 and a beta of 1.00. SEI Investments has a fifty-two week low of $75.08 and a fifty-two week high of $93.96.

SEI Investments (NASDAQ:SEIC) last released its quarterly earnings data on Wednesday, April 22nd. The asset manager reported $1.44 EPS for the quarter, beating the consensus estimate of $1.29 by $0.15. The business had revenue of $622.18 million for the quarter, compared to the consensus estimate of $641.82 million. SEI Investments had a net margin of 31.17% and a return on equity of 30.70%. The company’s revenue was up 12.9% compared to the same quarter last year. During the same period in the prior year, the firm earned $1.17 earnings per share. On average, equities research analysts forecast that SEI Investments will post 5.89 earnings per share for the current year.

Insider Buying and Selling

In related news, insider Sanjay Sharma sold 25,000 shares of the company’s stock in a transaction that occurred on Thursday, April 23rd. The shares were sold at an average price of $90.12, for a total value of $2,253,000.00. Following the transaction, the insider directly owned 39,829 shares in the company, valued at approximately $3,589,389.48. This represents a 38.56% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, insider Philip Mccabe sold 15,000 shares of the company’s stock in a transaction that occurred on Thursday, April 23rd. The stock was sold at an average price of $91.82, for a total transaction of $1,377,300.00. Following the completion of the transaction, the insider owned 54,884 shares in the company, valued at approximately $5,039,448.88. This trade represents a 21.46% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders sold 116,447 shares of company stock valued at $9,908,539 in the last 90 days. 4.80% of the stock is owned by company insiders.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently bought and sold shares of the business. Community Bank N.A. bought a new position in SEI Investments during the third quarter valued at approximately $35,000. Allworth Financial LP grew its position in SEI Investments by 44.0% during the third quarter. Allworth Financial LP now owns 432 shares of the asset manager’s stock valued at $37,000 after acquiring an additional 132 shares during the last quarter. CIBC Private Wealth Group LLC grew its position in SEI Investments by 353.1% during the third quarter. CIBC Private Wealth Group LLC now owns 435 shares of the asset manager’s stock valued at $37,000 after acquiring an additional 339 shares during the last quarter. Root Financial Partners LLC grew its position in SEI Investments by 40.8% during the first quarter. Root Financial Partners LLC now owns 487 shares of the asset manager’s stock valued at $38,000 after acquiring an additional 141 shares during the last quarter. Finally, Geneos Wealth Management Inc. grew its position in SEI Investments by 60.2% during the first quarter. Geneos Wealth Management Inc. now owns 532 shares of the asset manager’s stock valued at $41,000 after acquiring an additional 200 shares during the last quarter. 70.59% of the stock is currently owned by institutional investors.

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.