Zacks Research Forecasts Higher Earnings for SEI Investments

SEI Investments (NASDAQ:SEIC) – Equities researchers at Zacks Research boosted their FY2024 EPS estimates for shares of 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 of $4.40 per share 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:SEIC) last issued its quarterly earnings results on Wednesday, October 23rd. The asset manager reported $1.19 EPS for the quarter, beating analysts’ consensus estimates of $1.07 by $0.12. The firm had revenue of $537.40 million during the quarter, compared to the consensus estimate of $534.08 million. SEI Investments had a return on equity of 24.29% and a net margin of 26.60%. SEI Investments’s revenue for the quarter was up 12.7% on a year-over-year basis. During the same quarter in the prior year, the business posted $0.87 earnings per share.

SEIC has been the subject of several other research reports. Keefe, Bruyette & Woods boosted their target price on shares of SEI Investments from $76.00 to $86.00 and gave the company a “market perform” rating in a research note on Friday, December 20th. Oppenheimer increased their price objective on shares of SEI Investments from $85.00 to $94.00 and gave the stock an “outperform” rating in a research note on Tuesday. Morgan Stanley lifted their target price on SEI Investments from $75.00 to $80.00 and gave the company an “underweight” rating in a research note on Friday, January 3rd. Finally, Piper Sandler increased their price target on SEI Investments from $77.00 to $87.00 and gave the stock a “neutral” rating in a research report on Monday, December 23rd. One analyst has rated the stock with a sell rating, two have issued a hold rating and two have given a buy rating to the company. Based on data from MarketBeat.com, SEI Investments presently has an average rating of “Hold” and a consensus target price of $86.75.

SEI Investments Trading Up 0.4 %

Shares of NASDAQ SEIC opened at $81.48 on Thursday. The business has a 50 day simple moving average of $81.89 and a 200-day simple moving average of $72.79. SEI Investments has a twelve month low of $62.34 and a twelve month high of $87.25. The company has a market capitalization of $10.50 billion, a price-to-earnings ratio of 19.68, a price-to-earnings-growth ratio of 1.62 and a beta of 0.98.

SEI Investments Increases Dividend

The business also recently declared a semi-annual dividend, which was paid on Wednesday, January 8th. Stockholders of record on Friday, December 27th were paid a $0.49 dividend. This is a positive change from SEI Investments’s previous semi-annual dividend of $0.46. This represents a dividend yield of 1.1%. The ex-dividend date of this dividend was Friday, December 27th. SEI Investments’s dividend payout ratio is currently 23.67%.

SEI Investments announced that its board has initiated a stock repurchase program on Tuesday, October 22nd that authorizes the company to buyback $400.00 million in shares. This buyback authorization authorizes the asset manager to buy up to 4.3% of its stock through open market purchases. Stock buyback programs are generally an indication that the company’s board believes its stock is undervalued.

Insider Activity

In other news, Chairman Alfred P. West, Jr. sold 19,010 shares of the firm’s stock in a transaction dated Wednesday, December 4th. The shares were 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 document filed with the SEC, which is accessible through this link. Also, EVP Michael Peterson sold 25,000 shares of the stock in a transaction that occurred on Friday, October 25th. The shares were sold at an average price of $74.59, for a total transaction of $1,864,750.00. Following 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 disclosure for this sale can be found here. Insiders sold 239,258 shares of company stock worth $19,753,402 over the last three months. Corporate insiders own 14.30% of the company’s stock.

Institutional Investors Weigh In On SEI Investments

A number of large investors have recently made changes to their positions in the company. Pensionfund Sabic increased its holdings in SEI Investments by 18.8% in the fourth quarter. Pensionfund Sabic now owns 19,000 shares of the asset manager’s stock worth $1,567,000 after buying an additional 3,000 shares during the last quarter. Nordea Investment Management AB raised its holdings in shares of SEI Investments by 13.7% during the 4th quarter. Nordea Investment Management AB now owns 9,389 shares of the asset manager’s stock valued at $780,000 after purchasing an additional 1,131 shares in the last quarter. GAMMA Investing LLC raised its holdings in shares of SEI Investments by 44.9% during the 4th quarter. GAMMA Investing LLC now owns 4,869 shares of the asset manager’s stock valued at $402,000 after purchasing an additional 1,509 shares in the last quarter. JPMorgan Chase & Co. lifted its stake in shares of SEI Investments by 13.6% in the 3rd quarter. JPMorgan Chase & Co. now owns 507,916 shares of the asset manager’s stock valued at $35,143,000 after purchasing an additional 60,824 shares during the last quarter. Finally, DGS Capital Management LLC boosted its holdings in SEI Investments by 14.4% in the third quarter. DGS Capital Management LLC now owns 11,518 shares of the asset manager’s stock worth $797,000 after purchasing an additional 1,448 shares in the last quarter. Institutional investors and hedge funds own 70.59% of the company’s stock.

SEI Investments Company 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.