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SEI Investments Co - SEIC STOCK NEWS

Welcome to our dedicated page for SEI Investments Co news (Ticker: SEIC), a resource for investors and traders seeking the latest updates and insights on SEI Investments Co stock.

SEI Investments Company (NASDAQ: SEIC) is a prominent global provider of investment processing, management, and operations solutions. The company extends its services to corporations, financial institutions, advisors, and ultra-high-net-worth families, helping them to build and manage wealth effectively. With a focus on delivering technology and investment solutions, SEI aims to connect and optimize the financial services industry.

SEI operates through four key business segments: private banks, investment advisors, institutional investors, and investment managers. Additionally, SEI holds a minority interest in LSV Asset Management, which manages around $99 billion in assets. As of December 2023, SEI, including LSV, oversees approximately $1.4 trillion in assets. SEI's offerings include investment processing, management, and operations services designed to enhance efficiency and drive growth for its clients.

In recent developments, SEI announced its third-quarter 2023 earnings on October 25, 2023, showing strong financial performance with diluted earnings per share reaching $0.87, reflecting positive sales activity and sound expense management. The company remains focused on strategic growth and managing expenses diligently across its operations.

SEI's innovative approach includes partnerships to enhance its capabilities. For instance, in February 2024, SEI announced a strategic investment of $10 million in TIFIN, an AI innovation platform in wealth management. This collaboration aims to leverage SEI's scale and technology to drive personalized client experiences and business growth.

Moreover, SEI has expanded its services in the cybersecurity realm through SEI Sphere®, providing comprehensive cybersecurity and IT solutions. In March 2024, SEI Sphere was selected to manage IXS Holdings, Inc.'s cybersecurity and network operations to enhance operational efficiency and security.

SEI continues to demonstrate resilience and strategic focus, with its first-quarter 2024 financial results showing diluted earnings per share of $0.99. The company's strong financial position and broad capabilities enable it to deliver long-term value for clients and shareholders.

For more information, visit seic.com.

News

Pictet Asset Management launches first suite of CITs and chooses SEI as strategic partner

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Pictet Asset Management (Pictet AM) has launched four collective investment trusts (CITs) for the US institutional retirement market, partnering with SEI Trust Company. The new suite includes Pictet Clean Energy Transition CIT, Pictet Emerging Markets Debt Blend CIT, Pictet Emerging Markets Debt Local Currency CIT, and Pictet Emerging Markets Hard Currency Debt CIT, offering a range of investment strategies in clean energy, emerging markets debt, and hard currency debt. The move aims to provide US institutions access to proven Pictet Asset Management strategies that were previously only available to the largest institutions via mandates.
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SEI Attracts Large European and Global Asset Managers with CIT Lineup

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SEI Trust Company will serve as trustee for four collective investment trusts (CITs) established by Pictet Asset Management in the U.S. institutional retirement market. Pictet Asset Management is one of Europe's leading active asset management brands, managing USD $237 billion in distinctive strategies globally. Asset managers like Pictet Asset Management are utilizing CITs to attract new capital and increase their distribution efforts in the U.S. retirement market. The announcement reflects SEI's commitment to supporting global investment managers, retirement plans, consultants, and advisors through its turnkey operational platform. The partnership with Pictet Asset Management aims to reinforce their commitment to the U.S. institutional market and drive future growth.
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SEI Appoints Sean Denham as CFO

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SEI (NASDAQ:SEIC) has announced the appointment of Sean Denham as Executive Vice President and Chief Financial Officer, effective March 18, 2024. Denham brings extensive experience from advising C-suite executives at Fortune 500 corporations and has served in various leadership roles at Grant Thornton. His appointment follows the resignation of current CFO Dennis McGonigle, who has been with SEI for nearly 40 years. Denham's responsibilities will include leading finance and accounting, corporate controllership, business management, enterprise risk management, and investor relations functions, as well as administering the internal audit function. CEO Ryan Hicke expressed confidence in Denham's ability to drive growth and delivery for clients, with Denham's influence expected to be a catalyst for future growth.
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SEI Reports Fourth-Quarter 2023 Financial Results

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SEI Investments Company (NASDAQ:SEIC) reported a 10% increase in diluted earnings per share for the fourth quarter of 2023 compared to the same period in 2022. Revenues for the quarter were $484,858, reflecting a 6% increase year over year. The company's net income also saw an 8% increase, reaching $120,731. However, the full-year results showed a 4% decrease in revenues and a 3% decrease in net income. The CEO expressed confidence in the company's future growth, particularly in technology, investment processing, and operations segments. The report also detailed the performance of different business segments, highlighting both positive and negative trends. Overall, the company is positioned to capitalize on market trends and deliver sustainable growth for stakeholders.
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SEI to Announce Fourth-Quarter 2023 Earnings on Wednesday, Jan. 31, 2024

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SEI (NASDAQ: SEIC) plans to release its Q4 2023 earnings on Jan. 31, 2024, followed by a conference call at 4:30 p.m. Eastern time. The public can listen to the call at www.seic.com/ir-events and access replays afterward.
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SEI and Phillies Launch Contest for Mural at Citizens Bank Park

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SEI (NASDAQ: SEIC) and the Philadelphia Phillies partner to commission a local artist to create a mural for display at Citizens Bank Park during the 2024 MLB season, showcasing Philadelphia's culture, spirit, and SEI's mission to build brave futures through connection.
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SEI Announces Wayne Withrow to Step Away

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SEI (NASDAQ: SEIC) announced the departure of Wayne Withrow, Executive Vice President and Head of Global Asset Management, effective Feb. 28, 2024. Withrow's 30-year tenure contributed to the company's growth and evolution, leading in various roles across technology, operations, and asset management. SEI will conduct a search for his replacement internally and externally. Withrow's recent leadership in aligning SEI's asset management businesses globally aimed to strengthen the company's offerings and capitalize on market opportunities.
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SEI Acquires Altigo

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SEI (NASDAQ:SEIC) acquires Altigo, a cloud-based technology platform for alternative investments, to meet the rising demand for alts among investors aged 25 to 44. Global alternative assets expected to reach $23 trillion by 2027. SEI aims to streamline the investment process for alternatives and provide efficient access to high-quality investment products.
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SEI Declares Dividend of $0.46 per Share

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SEI Investments Company (NASDAQ: SEIC) increases share repurchase program by $250 million, declares a regular semi-annual dividend of $0.46 per share, payable to shareholders of record on Dec. 28, 2023, with a payment date of Jan. 9, 2024.
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CastleArk Management Selects SEI's Advisors' Inner Circle Fund Trust to Launch First Active ETF

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SEI (NASDAQ: SEIC) announced that CastleArk Management, a $3 billion Chicago-based investment manager, selected the Advisors' Inner Circle Fund as its operational platform to launch the CastleArk Large Growth ETF, its first active ETF. This comes amid a significant uptick in active ETF launches and a 158% increase in assets under management in active ETFs from 2021 to Q3 2023.
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FAQ

What is the current stock price of SEI Investments Co (SEIC)?

The current stock price of SEI Investments Co (SEIC) is $80.82 as of November 22, 2024.

What is the market cap of SEI Investments Co (SEIC)?

The market cap of SEI Investments Co (SEIC) is approximately 10.4B.

What services does SEI Investments Company provide?

SEI Investments offers investment processing, management, and operations solutions to corporations, financial institutions, advisors, and ultra-high-net-worth families.

What are the main business segments of SEI Investments?

SEI operates through four main segments: private banks, investment advisors, institutional investors, and investment managers.

How much in assets does SEI Investments manage?

As of December 2023, SEI manages, advises, or administers approximately $1.4 trillion in assets, including those managed by LSV Asset Management.

What recent financial performance has SEI Investments reported?

For the third quarter of 2023, SEI reported diluted earnings per share of $0.87, reflecting positive sales activity and strong profitability.

Who are SEI's clients?

SEI's clients include corporations, financial institutions, financial advisors, and ultra-high-net-worth families.

What strategic investments has SEI made recently?

In February 2024, SEI invested $10 million in TIFIN, an AI innovation platform in wealth management, to enhance personalized client experiences and support growth.

What is SEI Sphere?

SEI Sphere is a comprehensive cybersecurity and IT solution service provided by SEI to protect and optimize enterprise technology and data.

What was SEI's financial performance in the first quarter of 2024?

SEI reported diluted earnings per share of $0.99 for the first quarter of 2024, reflecting continued momentum and strategic focus on growth.

Where is SEI Investments headquartered?

SEI Investments is headquartered in Oaks, Pennsylvania.

Where can I find more information about SEI Investments?

More information about SEI Investments can be found on their official website at seic.com.

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SEI Investments Co

Nasdaq:SEIC

SEIC Rankings

#858 Ranked by Market Cap
#1726 Ranked by Dividends

SEIC Stock Data

10.37B
98.05M
23.93%
73.05%
1.21%
Asset Management
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