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. It provides its services to private banks, independent financial advisers, institutional investors, investment managers, investment advisors, wealth management organizations, corporations, retirement scheme sponsors, not-for-profit organizations, hedge fund managers, registered investment advisers, independent broker-dealers, financial planners, life insurance agents, defined-benefit schemes, defined-contribution schemes, endowments, foundations, and board-designated fund, through its subsidiaries. Through its subsidiaries, the firm manages separate client-focused portfolios. It also launches and manages equity, fixed income, and balanced mutual funds, through its subsidiaries. Through its subsidiaries, the firm invests in public equity and fixed income markets. It employs fundamental and quantitative analysis with a focus on top-down and bottom-up analysis to make its investments, through its subsidiaries. SEI Investments Company was founded in 1968 and is based in Oaks, Pennsylvania.
IPO Year: 1981
Exchange: NASDAQ
Website: seic.com
| Date | Price Target | Rating | Analyst |
|---|---|---|---|
| 3/29/2023 | $60.00 | Neutral | Piper Sandler |
| 7/25/2022 | Mkt Perform | William Blair | |
| 7/12/2022 | $55.00 | Equal-Weight → Underweight | Morgan Stanley |
| 3/28/2022 | $67.00 → $65.00 | Buy → Neutral | Goldman |
| 1/27/2022 | $75.00 → $70.00 | Outperform | Oppenheimer |
| 11/3/2021 | $67.00 | Hold | Truist Securities |
| 11/2/2021 | $67.00 | Hold | Truist Securities |
| 7/22/2021 | $72.00 → $75.00 | Outperform | Oppenheimer |
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SCHEDULE 13G/A - SEI INVESTMENTS CO (0000350894) (Subject)
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Integrated Custody and Technology Solution Powers Connected Experience and Business Growth OAKS, Pa., Nov. 21, 2024 /PRNewswire/ -- SEI® (NASDAQ:SEIC) today announced that Front Street Capital Management (Front Street) has selected SEI for custody and technology solutions, embracing a tightly integrated, single infrastructure that provides an end-to-end experience across every aspect of an advisor's business, including a dedicated service and relationship management model. Front Street is moving more than $600 million in assets under management to SEI. The Montana-based registered investment advisor invests client capital exclusively in purpose-driven companies that demonstrate ultra-long-
New SEI-Managed and Third-Party Investment Options Further Bolster Flexibility for Advisors OAKS, Pa., Nov. 18, 2024 /PRNewswire/ -- SEI® (NASDAQ:SEIC) today announced the launch of a new lineup of separately managed account (SMA) strategies, offered through the Managed Account Solutions program1 and designed to increase flexibility in both equity and fixed income solutions. The additions include SEI-managed strategies and third-party strategies from exceptional global investment firms, including AllianceBernstein, Loomis Sayles, and Parametric Portfolio Associates. Jim Smigiel, Chief Investment Officer and Head of SEI's Investment Management Unit, said: "We continue to integrate in-house e
SEI's Turnkey Operational Platform and Comprehensive Suite of Services Provide Scale and Stability OAKS, Pa., Nov. 18, 2024 /PRNewswire/ -- SEI® (NASDAQ:SEIC) today announced that Brown Advisory selected the Advisors' Inner Circle Fund® (AIC) series trust as its operational platform to launch the Brown Advisory Flexible Equity ETF (NASDAQ:BAFE), the firm's first ETF. A fundamental active strategy focused on U.S. companies, Brown Advisory's Flexible Equity ETF is managed by a tenured team with an existing footprint in mutual funds and separately managed accounts (SMAs). Brown Advisory's fund launches as the U.S. ETF market maintains a strong growth rate, reaching a record high of $10 trillio
Evolution of Asset Allocation Strategy Reflects Commitment to Diversification TORONTO, Nov. 14, 2024 /CNW/ -- SEI® (NASDAQ:SEIC) today announced the launch of the SEI Liquid Alternative Fund (the Fund) in Canada, expanding the company's suite of investment products to meet investors' evolving needs. SEI's Liquid Alternative Funds globally reached USD $1.3 billion in assets under management (AUM).1 The Fund's objective is to provide, primarily through investment in derivative instruments, long-term capital appreciation by implementing a strategy that seeks to approximate the returns of a model portfolio of funds that employ alternative investment strategies. Leverage may be created using der
TORONTO, Nov. 7, 2024 /CNW/ -- SEI® (NASDAQ:SEIC) today announced SEI Investments Canada Company (SEI Canada) was recognized as the LSEG Lipper Fund Awards Winner Canada 2024 "Best Overall Fund Family Group Over Three Years." The LSEG Lipper Fund Awards, granted annually, highlight funds and fund companies that have excelled in delivering consistently strong risk-adjusted performance relative to their peers. Selected from 30 firms, this award honours SEI Canada's delivery of consistent risk-adjusted returns through distinct equity, bond, and mixed asset funds. SEI Canada's mutual funds are built and actively managed through a manager-of-managers approach that seeks to mitigate risk, enhance
Comprehensive Offering Powers Business Transformation and Growth OAKS, Pa., Oct. 31, 2024 /PRNewswire/ -- SEI® (NASDAQ:SEIC) today announced that nine U.S. clients in the company's Private Banking and Wealth Management business have adopted its new professional services offering to support a total of 17 client projects. SEI's professional services help businesses mitigate risk, create scale and value, and drive growth by providing a comprehensive suite of specialized technology solutions and consultative services designed to help transform firms' technology infrastructure, operations, and customer experience. Sanjay Sharma, Global Head of SEI's Private Banking and Wealth Management business
Advisor's Inner Circle Fund Trust Powers Growth for Asset Managers OAKS, Pa., Oct. 30, 2024 /PRNewswire/ -- SEI® (NASDAQ:SEIC) today announced that 3EDGE Asset Management (3EDGE) selected the Advisors' Inner Circle Fund® (AIC) series trust as its operational platform to launch four new ETFs, which include: 3EDGE Dynamic Fixed Income ETF (NYSE:EDGF)3EDGE Dynamic Hard Assets ETF (NYSE:EDGH)3EDGE Dynamic International Equity ETF (NYSE:EDGI)3EDGE Dynamic U.S. Equity ETF (NYSE:EDGU)Global ETF assets under management continue to grow and are expected to exceed $19.2 trillion by June 2028.1 Following a record year of U.S. ETF launches in 2024, 2 asset managers like 3EDGE are entering the market to
SEIGPT Boosts Productivity and Efficiency for SEI and Clients OAKS, Pa., Oct. 29, 2024 /PRNewswire/ -- SEI® (NASDAQ:SEIC) today announced the launch of SEIGPT, a new generative artificial intelligence (AI) framework that enables the rapid experimentation and implementation of generative AI applications. The company is currently leveraging SEIGPT-powered applications internally to enhance productivity, increase efficiency, and reduce costs in certain areas, such as client service, process automation, human resources, contract analysis, and code development. Zach Womack, SEI's Chief Technology Officer, said: "As a leading provider of technology, operations, and asset management solutions, ope
Net Sales Events, AUM, and AUA Drive Record Quarter OAKS, Pa., Oct. 23, 2024 /PRNewswire/ -- SEI Investments Company (NASDAQ:SEIC) today announced financial results for the third quarter 2024. Relative to the third quarter 2023, EPS increased by 37%, and revenue and operating income grew by 13% and 33%, respectively, with operating margins increasing to 26.8%. All business segments reported revenue and operating margin growth relative to both the third quarter 2023 and the second quarter 2024. Net sales events of $46 million represent the highest level ever achieved in a single quarter. Total assets under management, administration, and advisement grew to a record high of approximately $1.6
OAKS, Pa., Oct. 22, 2024 /PRNewswire/ -- The Board of Directors of SEI Investments Company approved an increase in its stock repurchase program by an additional $400 million, increasing the available authorization under the program to approximately $429 million, which includes $29 million remaining under the company existing share repurchase authorization. About SEI®SEI (NASDAQ:SEIC) delivers technology and investment solutions that connect the financial services industry. With capabilities across investment processing, operations, and asset management, SEI works with corporations, financial institutions and professionals, and ultra-high-net-worth families to solve problems, manage change,
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New SEI-Managed and Third-Party Investment Options Further Bolster Flexibility for Advisors OAKS, Pa., Nov. 18, 2024 /PRNewswire/ -- SEI® (NASDAQ:SEIC) today announced the launch of a new lineup of separately managed account (SMA) strategies, offered through the Managed Account Solutions program1 and designed to increase flexibility in both equity and fixed income solutions. The additions include SEI-managed strategies and third-party strategies from exceptional global investment firms, including AllianceBernstein, Loomis Sayles, and Parametric Portfolio Associates. Jim Smigiel, Chief Investment Officer and Head of SEI's Investment Management Unit, said: "We continue to integrate in-house e
Net Sales Events, AUM, and AUA Drive Record Quarter OAKS, Pa., Oct. 23, 2024 /PRNewswire/ -- SEI Investments Company (NASDAQ:SEIC) today announced financial results for the third quarter 2024. Relative to the third quarter 2023, EPS increased by 37%, and revenue and operating income grew by 13% and 33%, respectively, with operating margins increasing to 26.8%. All business segments reported revenue and operating margin growth relative to both the third quarter 2023 and the second quarter 2024. Net sales events of $46 million represent the highest level ever achieved in a single quarter. Total assets under management, administration, and advisement grew to a record high of approximately $1.6
Public Invited to Monitor Conference Call at 5 p.m. Eastern Time OAKS, Pa., Oct. 10, 2024 /PRNewswire/ -- SEI® (NASDAQ:SEIC) intends to release earnings for the third quarter 2024 on Wednesday, Oct. 23, 2024 after the market closes. The company will hold a conference call to discuss these financial results beginning at 5 p.m. Eastern time. The public is invited to listen to the call and replay at www.seic.com/ir-events. About SEI®SEI (NASDAQ:SEIC) delivers technology and investment solutions that connect the financial services industry. With capabilities across investment processing, operations, and asset management, SEI works with corporations, financial institutions and professionals, and
SEI-Managed Investment Options Bolster Choice, Control, and Customization in SMA and UMA Solutions Through Managed Accounts Program OAKS, Pa., Aug. 6, 2024 /PRNewswire/ -- SEI® (NASDAQ:SEIC) today announced a range of additional investment strategies to its Separately Managed Account (SMA) and Unified Managed Account (UMA) solutions offered through the Managed Account Solutions program.1 The additional strategies were developed in response to feedback from some of the company's largest strategic clients and include the launch of fixed income-based direct indexing investment strategies that enhance SEI's existing lineup of individual bond strategies, as well as dividend-focused equity options
OAKS, Pa., July 24, 2024 /PRNewswire/ -- SEI Investments Company (NASDAQ:SEIC) today announced financial results for the second-quarter 2024. Diluted earnings per share were $1.05 in second-quarter 2024 compared to $0.89 in second-quarter 2023. Consolidated Overview (In thousands, exceptearnings per share) For the Three Months Ended June 30, For the Six Months Ended June 30, 2024 2023 % 2024 2023 % Revenues $518,986 $489,057 6 % $1,030,565 $958,176 8 % Net income 139,120 118,851 17 % 270,520 225,866 20 % Diluted earnings per share $1.05 $0.89 18 % $2.04 $1.68 21 % "Our second-quarter results reflect 6% profit growth quarter over quarter, as our focus on capital allocati
Public Invited to Monitor Conference Call at 4:30 p.m. Eastern Time OAKS, Pa., July 17, 2024 /PRNewswire/ -- SEI® (NASDAQ:SEIC) intends to release earnings for the second quarter 2024 on Wednesday, July 24, 2024 after the market closes. The company will hold a conference call to discuss these financial results beginning at 4:30 p.m. Eastern time. The public is invited to listen to the call at www.seic.com/ir-events. Replays will be available shortly after the call at (USA) 866-207-1041; (International) 402-970-0847; Access Code: 9919219. About SEI®SEI (NASDAQ:SEIC) delivers technology and investment solutions that connect the financial services industry. With capabilities across investment
OAKS, Pa., May 29, 2024 /PRNewswire/ -- The Board of Directors of SEI Investments Company (NASDAQ:SEIC) on May 29, 2024 declared a regular semi-annual dividend of $0.46 per share. The cash dividend will be payable to shareholders of record on June 10, 2024, with a payment date of June 18, 2024. About SEI®SEI (NASDAQ:SEIC) delivers technology and investment solutions that connect the financial services industry. With capabilities across investment processing, operations, and asset management, SEI works with corporations, financial institutions and professionals, and ultra-high-net-worth families to help drive growth, make confident decisions, and protect futures. As of March 31, 2024, SEI ma
OAKS, Pa., April 24, 2024 /PRNewswire/ -- SEI Investments Company (NASDAQ:SEIC) today announced financial results for the first-quarter 2024. Diluted earnings per share were $0.99 in first-quarter 2024 compared to $0.79 in first-quarter 2023. Consolidated Overview (In thousands, except earnings per share) For the Three Months Ended March 31, 2024 2023 % Revenues $511,579 $469,119 9 % Net income 131,400 107,015 23 % Diluted earnings per share $0.99 $0.79 25 % "We entered 2024 with continued momentum, reflecting our strategic focus on increasing sales and profitability across SEI. In the first quarter, we delivered strong topline growth and margin expansion—with notable sales and implement
Public Invited to Monitor Conference Call at 4:30 p.m. Eastern Time OAKS, Pa., April 17, 2024 /PRNewswire/ -- SEI® (NASDAQ:SEIC) intends to release earnings for the first quarter 2024 on Wednesday, April 24, 2024 after the market closes. The company will hold a conference call to discuss these financial results beginning at 4:30 p.m. Eastern time. The public is invited to listen to the call at www.seic.com/ir-events. Replays will be available shortly after the call at (USA) 866-207-1041; (International) 402-970-0847; Access Code: 3297429. About SEI® SEI (NASDAQ:SEIC) delivers technology and investment solutions that connect the financial services industry. With capabilities across investmen
Active ETF Trend Provides Growth Opportunity for Asset Managers OAKS, Pa., March 7, 2024 /PRNewswire/ -- SEI® (NASDAQ:SEIC) today announced that Cullen Capital Management LLC (Cullen Capital) selected the Advisors' Inner Circle Fund® as its operational platform for the Cullen Enhanced Equity Income ETF (NYSE:DIVP), its first active ETF. Cullen Capital's first active ETF aims to offer a higher income potential compared to traditional equity-income investments. Assets in active ETFs have grown significantly from $350.4 billion in 2022 to $532.9 billion in 2023, representing a 34% increase1 and driving the entry of asset managers like Cullen Capital into the active ETF market. DIVP integrates
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Keefe, Bruyette & Woods analyst Aidan Hall reiterates SEI Inv (NASDAQ:SEIC) with a Market Perform and lowers the price target from $74 to $73.
Piper Sandler analyst Crispin Love maintains SEI Inv (NASDAQ:SEIC) with a Neutral and lowers the price target from $72 to $71.
SEI Inv (NASDAQ:SEIC) reported quarterly earnings of $1.05 per share which beat the analyst consensus estimate of $1.04 by 0.96 percent. This is a 17.98 percent increase over earnings of $0.89 per share from the same period last year. The company reported quarterly sales of $518.986 million which missed the analyst consensus estimate of $523.801 million by 0.92 percent. This is a 6.12 percent increase over sales of $489.057 million the same period last year.
Piper Sandler analyst Crispin Love maintains SEI Inv (NASDAQ:SEIC) with a Neutral and raises the price target from $69 to $72.
The Nasdaq 100 closed lower by over 1% on Monday. Investors, meanwhile, focused on some notable insider trades. When insiders sell shares, it could be a preplanned sale, or could indicate their concern in the company's prospects or that they view the stock as being overpriced. Insider sales should not be taken as the only indicator for making an investment or trading decision. At best, it can lend conviction to a selling decision. Below is a look at a few recent notable insider sales. For more, check out Benzinga’s insider transactions platform. AppFolio The Trade: AppFolio, Inc. (NASDAQ:APPF) Director Maurice J Duca sold a total of 11,746 shares at an average price of $231.52.
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Keefe, Bruyette & Woods analyst Aidan Hall reiterates SEI Inv (NASDAQ:SEIC) with a Market Perform and raises the price target from $72 to $74.
Piper Sandler analyst Crispin Love maintains SEI Inv (NASDAQ:SEIC) with a Neutral and lowers the price target from $72 to $69.
SEI Inv (NASDAQ:SEIC) reported quarterly earnings of $0.99 per share which beat the analyst consensus estimate of $0.97 by 2.06 percent. The company reported quarterly sales of $511.579 million which beat the analyst consensus estimate of $510.406 million by 0.23 percent. This is a 9.05 percent increase over sales of $469.119 million the same period last year.
In the last three months, 4 analysts have published ratings on SEI Inv (NASDAQ:SEIC), offering a diverse range of perspectives from bullish to bearish. The table below provides a concise overview of recent ratings by analysts, offering insights into the changing sentiments over the past 30 days and drawing comparisons with the preceding months for a holistic perspective. Bullish Somewhat Bullish Indifferent Somewhat Bearish Bearish Total Ratings 0 3 1 0 0 Last 30D 0 0 1 0 0 1M Ago 0 2 0 0 0 2M Ago 0 0 0 0 0 3M Ago 0 1 0 0 0 Analysts provide deeper insights through their assessments of 12-month price targets, revealing an average target of $75.5, a high estimate of $80.00,
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Financial Services Leader's Diverse Experience to Bolster Strategic Growth OAKS, Pa., July 25, 2024 /PRNewswire/ -- SEI® (NASDAQ:SEIC) today announced that Michael Lane will join SEI on Sept. 16, 2024 as an Executive Vice President and Head of Asset Management, reporting to CEO Ryan Hicke. In his role as a member of the Executive Management team, Lane will be responsible for the business and growth strategy for the company's Advisor and Institutional businesses in North America, as well as leading SEI's investment management teams globally. With 35 years of industry experience, Lane most recently served as Head of iShares U.S. Wealth Advisory at Blackrock, overseeing revenue growth, client
OAKS, Pa., Feb. 5, 2024 /PRNewswire/ -- SEI® (NASDAQ:SEIC) today announced the appointment of Sean Denham as an Executive Vice President and Chief Financial Officer, reporting to CEO Ryan Hicke. Denham's employment will begin on March 18, 2024, and his appointment as CFO will be effective on the day following the resignation of current CFO Dennis McGonigle, whose departure plans were announced by SEI in July 2023. SEI currently expects McGonigle's resignation to be effective on the day of the filing of the company's first-quarter 2024 Form 10-Q. Denham succeeds McGonigle, who has served in a number of different roles and leadership positions at SEI for nearly 40 years. Upon his appointment,
Miller Brings Deep Expertise in Financial Services to Position Hazeltree, the leading provider of treasury and liquidity management solutions for the asset management industry, today announced that Stephanie Miller, President and CEO, joined the SEI® (NASDAQ:SEIC) Board of Directors. Miller will serve as a member of the Audit and Legal and Regulatory Oversight Committees, in addition to carrying out her Board responsibilities. Recognized as a leader in the financial services industry, Miller brings more than 25 years of experience across financial services and a deep knowledge of technology, which uniquely position her to provide expertise on SEI's three pillars of capabilities: technol
Appointment of Sneha Shah Reinforces SEI's Commitment to Driving Growth through Innovation OAKS, Pa., June 20, 2023 /PRNewswire/ -- SEI® (NASDAQ:SEIC) today announced the appointment of Sneha Shah as an Executive Vice President and Head of New Business Ventures, reporting to CEO Ryan Hicke. In this newly created role, she will: Lead new business and platform identification and incubationEngage clients, accelerators, and the entrepreneurial community to invest in and accelerate new ideas and solutionsCultivate innovation that drives top-line growthHicke said: "An important comp
Staci Werbin-Tanner Joins SEI's Asset Management Distribution Team TORONTO, Feb. 2, 2023 /CNW/ -- SEI® (NASDAQ:SEIC) today announced the appointment of Staci Werbin-Tanner as Director of National Accounts in its Asset Management Distribution business (AMD) for SEI Investments Canada Company (SEI Canada). With more than 20 years' asset management experience in the Canadian market, Werbin-Tanner will be responsible for AMD's national accounts strategy, as well as expanding and supporting existing relationships within SEI's largest strategic wealth management partners and distributors. She will also identify and pursue new relationships and distribution opportunities for SEI's investment produ
Senior Technology Leader Brings Deep Expertise in Digital Transformation for Wealth Management OAKS, Pa., April 20, 2022 /PRNewswire/ -- SEI® (NASDAQ:SEIC) today announced that Jonathan Brassington has been appointed to its Board of Directors. He joins Chairman and CEO Alfred P. West, Jr.; current directors Sarah Blumenstein, William Doran, Carl Guarino, Kathryn McCarthy, and Carmen Romeo; and Ryan Hicke, future director and SEI's next CEO, effective June 1. In addition to his board responsibilities, Brassington will serve as a member of the Audit, Compensation, and Nominating Committees. As Executive Vice President and Digital Customer Experience (DCX) Business Line Leader of Capgemini, Inc
Chairman and Founder Alfred P. West, Jr. to Become Executive Chairman OAKS, Pa., April 4, 2022 /PRNewswire/ -- SEI® (NASDAQ:SEIC) today announced that Ryan Hicke, Executive Vice President and Chief Information Officer, will become the company's next chief executive officer and a member of its board of directors, effective June 1, 2022. Hicke will succeed Founder Alfred P. West, Jr., who is transitioning to the role of Executive Chairman after successfully leading and growing SEI for more than 50 years. The executive management team, currently reporting to West, will report to Hicke effective June 1.
Piper Sandler initiated coverage of SEI Investments with a rating of Neutral and set a new price target of $60.00
William Blair resumed coverage of SEI Investments with a rating of Mkt Perform
Morgan Stanley downgraded SEI Investments from Equal-Weight to Underweight and set a new price target of $55.00
Goldman downgraded SEI Investments from Buy to Neutral and set a new price target of $65.00 from $67.00 previously
Oppenheimer reiterated coverage of SEI Investments with a rating of Outperform and set a new price target of $70.00 from $75.00 previously
Truist Securities initiated coverage of SEI Investments with a rating of Hold and set a new price target of $67.00
Truist Securities initiated coverage of SEI Investments with a rating of Hold and set a new price target of $67.00
Oppenheimer reiterated coverage of SEI Investments with a rating of Outperform and set a new price target of $75.00 from $72.00 previously
Morgan Stanley reiterated coverage of SEI Investments with a rating of Equal-Weight and set a new price target of $74.00 from $75.00 previously
Morgan Stanley reiterated coverage of SEI Investments with a rating of Equal-Weight and set a new price target of $75.00 from $74.00 previously