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.
SEI (NASDAQ: SEIC) will release its fourth-quarter earnings for 2022 on January 25, 2023, after market close. A conference call is scheduled for 4:30 p.m. Eastern Time to discuss these results, with public access available through their website. SEI provides technology and investment solutions across the financial services industry, managing approximately $1.2 trillion in assets as of September 30, 2022. The company aims to assist clients in managing change and protecting assets for future growth.
SEI (NASDAQ:SEIC) announced the appointment of Karla Webster Gill as Managing Director and Head of Asset Management Distribution for SEI Investments Canada. With over 27 years of industry experience, including 16 years at SEI, Gill aims to enhance client relationships and expand strategic partnerships in Canada. Her previous role was Director of Business Development at SEI. This appointment follows Andy Mitchell's departure for another opportunity. SEI manages approximately $1.2 trillion in assets as of September 30, 2022.
On December 5, 2022, SEI Investments Company (NASDAQ: SEIC) announced a regular semi-annual dividend of $0.43 per share. This cash dividend is payable to shareholders of record on December 19, 2022, with a payment date set for January 5, 2023. As of September 30, 2022, SEI manages approximately $1.2 trillion in assets, providing technology and investment solutions across the financial services industry.
SEI (NASDAQ: SEIC) has enhanced its SEI Wealth Platform by introducing unified managed household (UMH) capabilities in partnership with LifeYield. This upgrade allows wealth managers to implement a single investment model across multiple accounts within a household, thus improving portfolio management. The collaboration focuses on optimizing asset placement for better after-tax returns, catering to the growing complexity of investors' portfolios amidst economic uncertainties. SEI manages approximately $1.2 trillion in assets as of Sept. 30, 2022.
SEI Investments Company (NASDAQ: SEIC) will host a live webcast for its Investor Conference on November 15, 2022, from 8:30 AM to 12:30 PM Eastern time. The conference will feature presentations from SEI's leadership, focusing on the company's markets and growth strategies. The public can view the event via the official link, with a replay available post-conference. As of September 30, 2022, SEI manages approximately $1.2 trillion in assets, providing tech and investment solutions across the financial services industry.
SEI Investments Company (NASDAQ: SEIC) reported third-quarter 2022 results with diluted earnings per share of $0.45, down 54% from $0.97 in the prior year. Revenues fell 3% to $471.3 million, affected by lower capital market performance and a $57 million cost from a voluntary separation program. Net income declined 55% to $61.7 million. Despite challenges, management noted strong sales activity and an 8% revenue increase for the nine months ended September 30, 2022, compared to the same period in 2021. Cash flow from operations stood at $97.9 million.
SEI (NASDAQ: SEIC) will announce its third-quarter 2022 earnings on October 26, 2022, after market close. A conference call to discuss these results is scheduled for 4:30 p.m. Eastern Time. The public can listen to the call via their website, with replays available shortly after. SEI manages approximately $1.3 trillion in assets, providing technology and investment solutions across the financial services sector. This announcement may influence investor expectations leading up to the earnings release.
SEI (NASDAQ: SEIC) announced on Oct. 11, 2022, a restructuring of its asset management businesses under Executive VP Wayne Withrow to enhance market alignment and accelerate growth. This realignment aims to strengthen client relationships and capitalize on market opportunities. Withrow will oversee multiple business units, including the Advisor and Institutional businesses. CEO Ryan Hicke emphasized that this strategic focus leverages SEI's competitive advantages and positions the company to meet evolving industry demands while managing approximately $1.3 trillion in assets as of June 30, 2022.
Easterly Asset Management has launched three new collective investment trusts (CITs) to meet rising client demand in the institutional retirement market. The CITs include the Easterly Small Cap Value CIT, Easterly Small-Mid Cap Value CIT, and Easterly EAB Hedged Equity CIT, all managed using proven value strategies. SEI Trust Company will act as the trustee for these investment vehicles, which aim to provide unique solutions for retirement plans. As of June 2022, Easterly managed $3.2 billion in assets, while SEI managed approximately $1.3 trillion.
FAQ
What is the current stock price of SEI Investments Co (SEIC)?
What is the market cap of SEI Investments Co (SEIC)?
What services does SEI Investments Company provide?
What are the main business segments of SEI Investments?
How much in assets does SEI Investments manage?
What recent financial performance has SEI Investments reported?
Who are SEI's clients?
What strategic investments has SEI made recently?
What is SEI Sphere?
What was SEI's financial performance in the first quarter of 2024?
Where is SEI Investments headquartered?
Where can I find more information about SEI Investments?
