Equities analysis analysts count on SEI Investments (NASDAQ:SEIC) to publish earnings per share (EPS) of $0.95 for the present quarter, in keeping with Zacks Funding Analysis. 4 analysts have made estimates for SEI Investments’ earnings. The bottom EPS estimate is $0.92 and the very best is $0.98. SEI Investments reported earnings per share of $0.86 in the identical quarter final yr, which suggests a optimistic yr over yr development charge of 10.5%. The agency is predicted to announce its subsequent earnings outcomes on Wednesday, January twenty sixth.
On common, analysts count on that SEI Investments will report full-year earnings of $3.74 per share for the present monetary yr, with EPS estimates starting from $3.71 to $3.77. For the following yr, analysts count on that the agency will publish earnings of $3.99 per share, with EPS estimates starting from $3.90 to $4.07. Zacks’ EPS averages are a imply common based mostly on a survey of analysis companies that cowl SEI Investments.
SEI Investments (NASDAQ:SEIC) final posted its quarterly earnings outcomes on Tuesday, October nineteenth. The asset supervisor reported $0.97 earnings per share for the quarter, beating the consensus estimate of $0.95 by $0.02. SEI Investments had a return on fairness of 29.24% and a web margin of 28.34%. The agency had income of $485.32 million for the quarter, in comparison with analyst estimates of $482.33 million. Throughout the identical interval within the earlier yr, the agency earned $0.75 earnings per share. SEI Investments’s quarterly income was up 14.2% on a year-over-year foundation.
Plenty of equities analysts have lately weighed in on the inventory. Truist began protection on shares of SEI Investments in a analysis word on Tuesday, November 2nd. They issued a “maintain” ranking and a $67.00 worth goal on the inventory. Truist Securities started protection on SEI Investments in a analysis report on Tuesday, November 2nd. They issued a “maintain” ranking and a $67.00 goal worth on the inventory. 4 funding analysts have rated the inventory with a maintain ranking and three have given a purchase ranking to the inventory. In response to knowledge from MarketBeat.com, the corporate at present has a median ranking of “Maintain” and a consensus worth goal of $68.58.
SEIC traded down $2.66 on Friday, reaching $60.92. 360,010 shares of the corporate traded fingers, in comparison with its common quantity of 483,630. SEI Investments has a 52-week low of $52.12 and a 52-week excessive of $65.22. The corporate has a market cap of $8.50 billion, a price-to-earnings ratio of 16.69, a PEG ratio of 1.43 and a beta of 1.10. The inventory’s 50 day transferring common worth is $61.78 and its 200-day transferring common worth is $61.91.
In different information, EVP Wayne Withrow offered 4,000 shares of the enterprise’s inventory in a transaction on Tuesday, November sixteenth. The shares had been offered at a median worth of $65.00, for a complete worth of $260,000.00. The sale was disclosed in a authorized submitting with the Securities & Trade Fee, which is obtainable by this hyperlink. Additionally, EVP Dennis Mcgonigle offered 17,500 shares of SEI Investments inventory in a transaction on Wednesday, November third. The inventory was offered at a median worth of $62.79, for a complete transaction of $1,098,825.00. The disclosure for this sale might be discovered right here. Insiders have offered 28,500 shares of firm inventory value $1,808,555 over the past three months. Firm insiders personal 23.86% of the corporate’s inventory.
Plenty of giant traders have lately added to or lowered their stakes in SEIC. Toroso Investments LLC purchased a brand new place in shares of SEI Investments through the 2nd quarter value about $1,114,000. Rafferty Asset Administration LLC elevated its stake in SEI Investments by 9.2% through the second quarter. Rafferty Asset Administration LLC now owns 62,028 shares of the asset supervisor’s inventory valued at $3,844,000 after buying an extra 5,224 shares through the interval. BNP Paribas Arbitrage SA raised its holdings in SEI Investments by 5.7% within the 2nd quarter. BNP Paribas Arbitrage SA now owns 81,406 shares of the asset supervisor’s inventory valued at $5,045,000 after buying an extra 4,407 shares within the final quarter. Redwood Funding Administration LLC lifted its place in shares of SEI Investments by 18.3% within the 2nd quarter. Redwood Funding Administration LLC now owns 55,476 shares of the asset supervisor’s inventory value $3,438,000 after buying an extra 8,593 shares through the interval. Lastly, Man Group plc lifted its place in shares of SEI Investments by 11.8% within the 2nd quarter. Man Group plc now owns 222,519 shares of the asset supervisor’s inventory value $13,789,000 after buying an extra 23,448 shares through the interval. Hedge funds and different institutional traders personal 69.21% of the corporate’s inventory.
SEI Investments Firm Profile
SEI Investments Co engages within the provision of funding processing, funding administration and funding operations platforms. It operates by the next enterprise segments: Personal Banks, Funding Advisors, Institutional Buyers, Funding Managers, and Investments in New Companies. The Personal Banks phase gives outsourced funding processing and funding administration platforms to banks and belief establishments, unbiased wealth advisers and monetary advisors worldwide.
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