Equity research analysts expect SEI Investments (NASDAQ: SEIC) to post earnings per share (EPS) of $ 0.95 for the current quarter, according to Zacks investment research. Four analysts have made estimates for the earnings of SEI Investments. The lowest EPS estimate is $ 0.92 and the highest is $ 0.98. SEI Investments reported earnings per share of $ 0.86 in the same quarter last year, suggesting a positive year-over-year growth rate of 10.5%. The company is expected to announce its next results on Wednesday, January 26.
On average, analysts expect SEI Investments to report annual earnings of $ 3.74 per share for the current year, with EPS estimates ranging from $ 3.71 to $ 3.77. For next year, analysts expect the company to post earnings of $ 3.99 per share, with EPS estimates ranging from $ 3.90 to $ 4.07. Zacks EPS Averages is an average based on a survey of research companies that cover SEI Investments.
SEI Investments (NASDAQ: SEIC) last released its quarterly results on Tuesday, October 19. The asset manager reported earnings of $ 0.97 per share for the quarter, beating the consensus estimate of $ 0.95 by $ 0.02. SEI Investments recorded a return on equity of 29.24% and a net margin of 28.34%. The company posted revenue of $ 485.32 million for the quarter, compared to analysts’ estimates of $ 482.33 million. During the same period of the previous year, the company made a profit of $ 0.75 per share. Quarterly revenues of SEI Investments increased 14.2% year-on-year.
A number of equity analysts have weighed on the title recently. Truist began covering shares of SEI Investments in a research note on Tuesday, November 2. They issued a “hold” note and a target price of $ 67.00 on the stock. Truist Securities began covering SEI Investments in a research report on Tuesday, November 2. They issued a “custody” rating and a target price of $ 67.00 on the stock. Four investment analysts rated the stock with a conservation rating and three gave the stock a buy rating. According to data from MarketBeat.com, the company currently has an average “Hold” rating and a consensus price target of $ 68.58.
CEIU traded at $ 2.66 on Friday, reaching $ 60.92. 360,010 shares of the company traded hands, compared to its average volume of 483,630. SEI Investments has a 52-week low of $ 52.12 and a 52-week high of $ 65.22. The company 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 stock’s 50-day moving average price is $ 61.78, and its 200-day moving average price is $ 61.91.
In other news, EVP Wayne Withrow sold 4,000 shares of the company in a trade on Tuesday, November 16. The shares were sold at an average price of $ 65.00, for a total value of $ 260,000.00. The sale was disclosed in a legal file with the Securities & Exchange Commission, which is available through this hyperlink. Also, EVP Dennis McGonigle sold 17,500 shares of SEI Investments in a trade on Wednesday, November 3. The stock was sold at an average price of $ 62.79, for a total trade of $ 1,098,825.00. Disclosure of this sale can be found here. Insiders have sold 28,500 shares of the company valued at $ 1,808,555 in the past three months. Company insiders own 23.86% of the company’s shares.
A number of large investors have recently increased or reduced their holdings in CEIU. Toroso Investments LLC purchased a new position in shares of SEI Investments during the second quarter valued at approximately $ 1,114,000. Rafferty Asset Management LLC increased its stake in SEI Investments by 9.2% during the second quarter. Rafferty Asset Management LLC now owns 62,028 shares of the asset manager valued at $ 3,844,000 after acquiring an additional 5,224 shares during the period. BNP Paribas Arbitrage SA increased its stake in SEI Investments by 5.7% in the second quarter. BNP Paribas Arbitrage SA now owns 81,406 asset manager shares valued at $ 5,045,000 after acquiring 4,407 additional shares in the last quarter. Redwood Investment Management LLC increased its position in shares of SEI Investments by 18.3% in the 2nd quarter. Redwood Investment Management LLC now owns 55,476 shares of the asset manager valued at $ 3,438,000 after acquiring an additional 8,593 shares during the period. Finally, Man Group plc increased its position in shares of SEI Investments by 11.8% in the second quarter. Man Group plc now owns 222,519 shares of the asset manager valued at $ 13,789,000 after acquiring an additional 23,448 shares during the period. Hedge funds and other institutional investors hold 69.21% of the company’s shares.
SEI Investments Company Profile
SEI Investments Co is committed to providing platforms for investment processing, investment management and investment operations. It operates in the following business sectors: private banks, investment advisers, institutional investors, investment managers and new business investments. The Private Banks segment provides outsourced investment processing and management platforms to banks and trust institutions, independent wealth advisers and financial advisers worldwide.
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