Zacks Research Predicts Higher Earnings for SEI Investments

SEI Investments (NASDAQ:SEICFree Report) – Equities researchers at Zacks Research lifted their FY2024 EPS estimates for SEI Investments in a note issued to investors on Tuesday, January 7th. Zacks Research analyst R. Department now expects that the asset manager will post earnings per share of $4.40 for the year, up from their previous forecast of $4.39. The consensus estimate for SEI Investments’ current full-year earnings is $4.41 per share. Zacks Research also issued estimates for SEI Investments’ Q4 2024 earnings at $1.17 EPS, Q3 2026 earnings at $1.32 EPS and FY2026 earnings at $5.22 EPS.

SEI Investments (NASDAQ:SEICGet Free Report) last posted its quarterly earnings data on Wednesday, October 23rd. The asset manager reported $1.19 EPS for the quarter, topping the consensus estimate of $1.07 by $0.12. SEI Investments had a return on equity of 24.29% and a net margin of 26.60%. The company had revenue of $537.40 million during the quarter, compared to analyst estimates of $534.08 million. During the same period in the previous year, the business earned $0.87 EPS. SEI Investments’s quarterly revenue was up 12.7% on a year-over-year basis.

A number of other brokerages also recently commented on SEIC. Keefe, Bruyette & Woods lifted their price objective on SEI Investments from $76.00 to $86.00 and gave the stock a “market perform” rating in a research report on Friday, December 20th. Oppenheimer raised their price target on shares of SEI Investments from $85.00 to $94.00 and gave the stock an “outperform” rating in a report on Tuesday. Piper Sandler upped their price objective on SEI Investments from $77.00 to $87.00 and gave the company a “neutral” rating in a report on Monday, December 23rd. Finally, Morgan Stanley raised their target price on SEI Investments from $75.00 to $80.00 and gave the stock an “underweight” rating in a research note on Friday, January 3rd. One analyst has rated the stock with a sell rating, two have assigned a hold rating and two have given a buy rating to the company’s stock. According to MarketBeat, the stock presently has a consensus rating of “Hold” and a consensus price target of $86.75.

Get Our Latest Stock Analysis on SEIC

SEI Investments Stock Up 0.4 %

Shares of SEIC opened at $81.48 on Thursday. The stock has a market cap of $10.50 billion, a PE ratio of 19.68, a price-to-earnings-growth ratio of 1.62 and a beta of 0.98. SEI Investments has a 52-week low of $62.34 and a 52-week high of $87.25. The firm’s fifty day moving average is $81.89 and its two-hundred day moving average is $72.79.

SEI Investments declared that its Board of Directors has authorized a share buyback plan on Tuesday, October 22nd that authorizes the company to repurchase $400.00 million in outstanding shares. This repurchase authorization authorizes the asset manager to buy up to 4.3% of its stock through open market purchases. Stock repurchase plans are generally an indication that the company’s leadership believes its shares are undervalued.

SEI Investments Increases Dividend

The business also recently disclosed a semi-annual dividend, which was paid on Wednesday, January 8th. Shareholders of record on Friday, December 27th were issued a dividend of $0.49 per share. The ex-dividend date of this dividend was Friday, December 27th. This represents a yield of 1.1%. This is a boost from SEI Investments’s previous semi-annual dividend of $0.46. SEI Investments’s dividend payout ratio (DPR) is presently 23.67%.

Insider Activity

In other news, EVP Michael Peterson sold 25,000 shares of the company’s stock in a transaction dated Friday, October 25th. The shares were sold at an average price of $74.59, for a total value of $1,864,750.00. Following the completion of the sale, the executive vice president now directly owns 6,500 shares of the company’s stock, valued at approximately $484,835. This represents a 79.37 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Chairman Alfred P. West, Jr. sold 19,010 shares of the business’s stock in a transaction dated Wednesday, December 4th. The shares were sold at an average price of $82.49, for a total value of $1,568,134.90. Following the completion of the transaction, the chairman now owns 7,377,506 shares in the company, valued at $608,570,469.94. This trade represents a 0.26 % decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders sold 239,258 shares of company stock worth $19,753,402. Corporate insiders own 14.30% of the company’s stock.

Institutional Trading of SEI Investments

Several hedge funds and other institutional investors have recently made changes to their positions in SEIC. Victory Capital Management Inc. grew its position in SEI Investments by 9.5% during the second quarter. Victory Capital Management Inc. now owns 160,275 shares of the asset manager’s stock worth $10,368,000 after buying an additional 13,903 shares during the period. Caprock Group LLC increased its position in SEI Investments by 7.9% during the 2nd quarter. Caprock Group LLC now owns 3,596 shares of the asset manager’s stock worth $233,000 after purchasing an additional 264 shares in the last quarter. Texas Permanent School Fund Corp raised its stake in SEI Investments by 9.6% in the 2nd quarter. Texas Permanent School Fund Corp now owns 95,639 shares of the asset manager’s stock valued at $6,187,000 after purchasing an additional 8,387 shares during the last quarter. Andra AP fonden boosted its stake in shares of SEI Investments by 45.6% during the 2nd quarter. Andra AP fonden now owns 135,800 shares of the asset manager’s stock worth $8,785,000 after purchasing an additional 42,500 shares during the last quarter. Finally, Daiwa Securities Group Inc. raised its position in shares of SEI Investments by 5.4% in the second quarter. Daiwa Securities Group Inc. now owns 7,800 shares of the asset manager’s stock valued at $505,000 after buying an additional 400 shares during the last quarter. Hedge funds and other institutional investors own 70.59% of the company’s stock.

SEI Investments Company Profile

(Get Free Report)

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.

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Earnings History and Estimates for SEI Investments (NASDAQ:SEIC)

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