- Total assets under management reached $485.98 billion, surpassing the estimate of $464.88 billion.
- Client assets under administration totaled $1.08 trillion, exceeding the projected $1.03 trillion.
- Cash and cash equivalents were $710.7 million, which was below the anticipated $892.5 million.
- Earnings per share (EPS) stood at $1.17, higher than the expected $1.13.
- Revenue amounted to $551.3 million, beating the estimate of $548.2 million.
- Private banks revenue reached $137.7 million, slightly under the estimate of $142 million.
- Investment advisors revenue totaled $136.6 million, above the expected $134.7 million.
- Institutional investors revenue was $68.5 million, surpassing the estimate of $67.3 million.
- Investment managers generated $192.0 million in revenue, exceeding the forecast of $188.4 million.
- Investments in new business contributed $16.5 million in revenue, ahead of the $15.5 million estimate.
- Operating profit was $157.1 million, above the expected $144.6 million.
- Private banks reported an operating profit of $23.0 million, just below the estimate of $23.1 million.
- Investment advisors’ operating profit was $64.1 million, exceeding the forecasted $60.7 million.
- Institutional investors yielded an operating profit of $32.6 million, surpassing the estimate of $30.7 million.
- Investment managers achieved an operating profit of $74.8 million, above the projected $72 million.
- Investments in new business had an operating loss of $2.00 million, better than the expected loss of $3.49 million.
- Net income totaled $151.5 million, beating the estimate of $145.4 million.
- Analyst recommendations: 3 buys, 4 holds, and 0 sells.
A look at Sei Investments Company Smart Scores
| Factor | Score | Magnitude |
|---|---|---|
| Value | 2 | |
| Dividend | 2 | |
| Growth | 3 | |
| Resilience | 4 | |
| Momentum | 4 | |
| OVERALL SMART SCORE | 3.0 |
Smart Score is a compound score for the Company indicating its overall outlook. It is derived by taking an equally weighted average of underlying Factor scores computed by Smartkarma
SEI Investments Company is positioned with a balanced outlook for the long term, as indicated by its Smartkarma Smart Scores. With a growth score of 3 and a resilience score of 4, the company shows promise in its ability to expand its operations steadily while demonstrating a strong ability to weather market challenges. Additionally, SEI Investments Company scores well in momentum with a score of 4, suggesting positive market sentiment and potential for continued upward trends in performance.
While the value and dividend scores are more moderate at 2 each, SEI Investments Company’s overall outlook remains positive. As a provider of global investment solutions and business services, the company serves a diverse range of clients, including banks, mutual funds, pension plan sponsors, and individual investors, highlighting its strong market presence and ability to cater to various financial needs.
Disclaimer: This article by Smartkarma is general in nature and based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. Note that our articles may not factor in the latest price-sensitive company announcements or qualitative material.
While all reasonable care has been taken in the preparation, Smartkarma makes no assurance about the accuracy of any generated data or content. All content is indicative only and should be independently checked for accuracy and confirmed before use. Smartkarma accepts no responsibility for any loss or damage caused as a result of any inaccuracy or error within the Lab online tools or generated data.
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