SEI Inv Q2 2024 GAAP EPS $1.05 Beats $1.04 Estimate, Sales $518.986M Miss $523.801M Estimate

7/24/24 4:03:48 PM ET

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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.

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Recent Analyst Ratings for
$SEIC

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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SEI Wins Top Honour at 2024 LSEG Lipper Fund Awards in Canada
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
11/7/24 9:00:00 AM ET
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SEI Drives Adoption of New Professional Services Offering
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
10/31/24 9:00:00 AM ET
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3EDGE Asset Management Selects SEI to Launch ETFs
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
10/30/24 9:00:00 AM ET
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SEI Attracts New Executive Vice President
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
7/25/24 9:00:00 AM ET
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SEI Appoints Sean Denham as CFO
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,
2/5/24 9:00:00 AM ET
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Hazeltree President and CEO Stephanie Miller Joins SEI Board of Directors
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
10/25/23 2:27:00 PM ET
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SEI Reports Third-Quarter 2024 Financial Results
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
10/23/24 4:01:00 PM ET
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SEI to Announce Third-Quarter 2024 Earnings on Wednesday, Oct. 23, 2024
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
10/10/24 4:00:00 PM ET
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SEI Unveils New Direct Index and Factor Investment Strategies
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
8/6/24 9:00:00 AM ET
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SEI Inv Q2 2024 GAAP EPS $1.05 Beats $1.04 Estimate, Sales $518.986M Miss $523.801M Estimate

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Recent Analyst Ratings for $SEIC

$SEIC Press Releases

Fastest customizable press release news feed in the world

SEI Wins Top Honour at 2024 LSEG Lipper Fund Awards in Canada

SEI Drives Adoption of New Professional Services Offering

3EDGE Asset Management Selects SEI to Launch ETFs

$SEIC Leadership Updates

Live Leadership Updates

SEI Attracts New Executive Vice President

SEI Appoints Sean Denham as CFO

Hazeltree President and CEO Stephanie Miller Joins SEI Board of Directors

$SEIC Financials

Live finance-specific insights

SEI Reports Third-Quarter 2024 Financial Results

SEI to Announce Third-Quarter 2024 Earnings on Wednesday, Oct. 23, 2024

SEI Unveils New Direct Index and Factor Investment Strategies

$SEIC Market Insights

Live Market Insights

Keefe, Bruyette & Woods Reiterates Market Perform on SEI Inv, Lowers Price Target to $73

Piper Sandler Maintains Neutral on SEI Inv, Lowers Price Target to $71