Investments

SEI Investments (SEIC) This autumn Earnings Beat, Revenues & Prices Rise – January 27, 2022

SEI Investments Co.’s (SEIC Free Report) fourth-quarter 2021 earnings of $1.03 per share surpassed the Zacks Consensus Estimate of 97 cents. The underside line displays 6.2% progress from the prior-year quarter.

Outcomes had been aided by progress in revenues and a rise in property below administration (AUM) steadiness. These had been offset by an increase in bills.

Web revenue was $145.3 million, up 15.4% from the year-ago quarter.

In 2021, earnings per share of $3.81 surpassed the Zacks Consensus Estimate of $3.76. In 2020, the corporate reported earnings per share of $3.00. Web revenue of $546.6 million elevated 22.2% 12 months over 12 months.

Revenues, Bills & AUM Rise

Complete quarterly revenues had been $501.7 million, up 13.1% 12 months over 12 months. The upswing displays a rise in asset administration, administration and distribution charges, and data processing and software program servicing charges. The highest line outpaced the Zacks Consensus Estimate of $487 million.

In 2021, revenues had been $1.92 billion, up 13.9% 12 months over 12 months. The highest line outpaced the Zacks Consensus Estimate of $1.91 billion.

Complete bills had been $358.3 million, up 12.1% 12 months over 12 months. The rise was attributable to a rise in all price elements, apart from consulting, outsourcing {and professional} charges.

Working revenue elevated 15.6% 12 months over 12 months to $143.4 million.

As of Dec 31, 2021, AUM was $405.1 billion, reflecting an increase of 9.9% from the prior-year quarter. Shopper property below administration (AUA) had been $911.9 billion, up 15.9%. Shopper AUA didn’t embody $14.4 billion associated to Funds of Funds property that had been reported on Dec 31, 2021.

Share Repurchase Replace

Within the reported quarter, SEI Investments purchased again 1.5 million shares for $95.5 million.

Conclusion

In November 2021, SEI Investments acquired a worldwide portfolio intelligence platform firm, Novus Companions, in an effort to broaden capabilities for institutional buyers and funding administration shoppers. Additionally, the corporate closed the buyout of Atlas, Capita’s outlined contribution grasp belief, thus, coming into a profitable, long-term strategic partnership with Capita.

In October, SEIC acquired the supplier of cloud-native monetary expertise, Finomial. The monetary expertise was built-in into SEI Investments’ present investor-focused platforms, thus, enhancing the corporate’s automation and digitization capabilities.

The corporate’s sturdy AUM steadiness, international presence and various vary of product choices are anticipated to proceed to drive progress. SEIC’s technological innovation and rising demand for the SEI Wealth Platform throughout a number of monetary establishments will maintain supporting financials.

Presently, SEI Investments carries a Zacks Rank #2 (Purchase). You may see the whole listing of as we speak’s Zacks #1 Rank (Sturdy Purchase) shares right here.

Efficiency of Different Asset Managers

BlackRock, Inc.’s (BLK Free Report) fourth-quarter 2021 adjusted earnings of $10.42 per share outpaced the Zacks Consensus Estimate of $10.23. The determine displays an increase of two.4% from the year-ago quarter. Web revenue attributable to BlackRock (on a GAAP foundation) was $1.64 billion, up 6.1% from the prior-year quarter.

BLK’s outcomes benefited from an enchancment in revenues, partly offset by greater bills. Furthermore, long-term web inflows supported progress in AUM steadiness.

Invesco’s (IVZ Free Report) fourth-quarter 2021 adjusted earnings of 86 cents per share handily outpaced the Zacks Consensus Estimate of 76 cents. The underside line grew 19.4% from the prior-year quarter. On a GAAP foundation, Invesco’s web revenue attributable to frequent shareholders was $426.8 million or 92 cents per share, up from $211.1 million or 46 cents per share a 12 months in the past.

IVZ’s outcomes mirrored an enchancment in revenues and stable progress in AUM steadiness. Nonetheless, an increase in working bills was a headwind.

Ameriprise Monetary’s (AMP Free Report) fourth-quarter 2021 adjusted working earnings per share of $6.15 surpassed the Zacks Consensus Estimate of $5.77. The underside line displays an increase of 35.8% from the year-ago quarter. Ameriprise’s web revenue (GAAP foundation) was $701 million or $5.96 per share, up from $177 million or $1.43 per share within the prior-year quarter.

AMP’s outcomes had been aided by progress in revenues, partly offset by greater bills. Enhancements in AUM and property below administration (AUA) steadiness had been tailwinds.

Related posts

Deery, Former SBIC and BDC Funding Committee Member with $6+ Billion in Accomplished Debt and Fairness Investments, Joins Star Mountain Capital as a Managing Director

admin

Nice Information: Roth IRA Investments Are Proof against These 2 Tax Guidelines

admin

Lennar to Spin Off Actual Property Tech Investments

admin