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

SEI Investments Company (NASDAQ:SEIC) announced a dividend on Wednesday, May 27th. Stockholders of record on Monday, June 8th will be given 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 increased its dividend by an average of 0.1%per year over the last three years and has increased its dividend every year for the last 34 years. SEI Investments has a dividend payout ratio of 20.6% indicating that its dividend is sufficiently covered by earnings. Equities 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 Trading Up 0.9%

NASDAQ:SEIC opened at $89.42 on Friday. SEI Investments has a one year low of $75.08 and a one year high of $93.96. 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 firm has a market cap of $10.75 billion, a P/E ratio of 15.26 and a beta of 0.97. The firm has a 50-day simple moving average of $85.56 and a 200-day simple moving average of $83.52.

SEI Investments (NASDAQ:SEIC) last posted its quarterly earnings results on Wednesday, April 22nd. The asset manager reported $1.44 EPS for the quarter, beating the consensus estimate of $1.29 by $0.15. SEI Investments had a net margin of 31.17% and a return on equity of 30.70%. The business had revenue of $622.18 million during the quarter, compared to analyst estimates of $641.82 million. During the same quarter in the previous year, the business posted $1.17 EPS. The company’s quarterly revenue was up 12.9% compared to the same quarter last year. Equities analysts anticipate that SEI Investments will post 5.89 EPS for the current fiscal year.

Insider Activity at SEI Investments

In other SEI Investments news, insider Sanjay Sharma sold 25,000 shares of the business’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 transaction of $2,253,000.00. Following the sale, the insider owned 39,829 shares of the company’s stock, valued at approximately $3,589,389.48. The trade was a 38.56% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, Director Kathryn Mccarthy sold 10,000 shares of the company’s stock in a transaction on Monday, May 4th. The shares were sold at an average price of $91.07, for a total transaction of $910,700.00. Following the completion of the sale, the director directly owned 77,883 shares in the company, valued at $7,092,804.81. This trade represents a 11.38% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders have sold 116,447 shares of company stock worth $9,908,539 in the last 90 days. 4.80% of the stock is owned by insiders.

Institutional Trading of SEI Investments

Several large investors have recently made changes to their positions in the business. Vanguard Group Inc. boosted its holdings in SEI Investments by 0.3% during the third quarter. Vanguard Group Inc. now owns 11,260,591 shares of the asset manager’s stock worth $955,461,000 after buying an additional 30,970 shares in the last quarter. Bank of America Corp DE boosted its holdings in SEI Investments by 4.4% during the second quarter. Bank of America Corp DE now owns 3,160,636 shares of the asset manager’s stock worth $284,015,000 after buying an additional 133,057 shares in the last quarter. Geode Capital Management LLC boosted its holdings in SEI Investments by 3.9% during the fourth quarter. Geode Capital Management LLC now owns 2,894,317 shares of the asset manager’s stock worth $237,421,000 after buying an additional 109,974 shares in the last quarter. Lord Abbett & CO. LLC boosted its holdings in SEI Investments by 19.2% during the fourth quarter. Lord Abbett & CO. LLC now owns 1,917,370 shares of the asset manager’s stock worth $157,263,000 after buying an additional 308,988 shares in the last quarter. Finally, Dimensional Fund Advisors LP boosted its holdings in SEI Investments by 1.1% during the first quarter. Dimensional Fund Advisors LP now owns 1,873,198 shares of the asset manager’s stock worth $146,984,000 after buying an additional 20,054 shares in the last quarter. 70.59% of the stock is owned by hedge funds and other 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.