Brokerages predict that SEI Investments (NASDAQ:SEIC) will report $0.79 earnings per share for the current quarter, Zacks reports. Three analysts have issued estimates for SEI Investments’ earnings, with the highest EPS estimate coming in at $0.81 and the lowest estimate coming in at $0.77. SEI Investments reported earnings per share of $0.75 in the same quarter last year, which would suggest a positive year-over-year growth rate of 5.3%. The firm is scheduled to announce its next earnings report on Thursday, July 18th.
On average, analysts expect that SEI Investments will report full-year earnings of $3.18 per share for the current financial year, with EPS estimates ranging from $3.15 to $3.20. For the next year, analysts forecast that the company will post earnings of $3.55 per share, with EPS estimates ranging from $3.50 to $3.61. Zacks’ EPS calculations are a mean average based on a survey of sell-side analysts that follow SEI Investments.
SEI Investments (NASDAQ:SEIC) last released its earnings results on Wednesday, April 24th. The asset manager reported $0.73 earnings per share for the quarter, missing the consensus estimate of $0.76 by ($0.03). The company had revenue of $400.82 million for the quarter, compared to analysts’ expectations of $404.82 million. SEI Investments had a return on equity of 29.76% and a net margin of 29.64%. The firm’s revenue for the quarter was down 1.2% on a year-over-year basis. During the same period in the prior year, the firm posted $0.86 EPS.
In other SEI Investments news, Director Sarah Blumenstein sold 5,000 shares of SEI Investments stock in a transaction that occurred on Friday, May 10th. The shares were sold at an average price of $51.96, for a total transaction of $259,800.00. Following the completion of the sale, the director now directly owns 10,681 shares in the company, valued at approximately $554,984.76. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Insiders own 22.60% of the company’s stock.
Hedge funds and other institutional investors have recently made changes to their positions in the business. Global Retirement Partners LLC lifted its stake in shares of SEI Investments by 67.9% in the 4th quarter. Global Retirement Partners LLC now owns 764 shares of the asset manager’s stock valued at $35,000 after purchasing an additional 309 shares during the period. Rockefeller Capital Management L.P. lifted its stake in shares of SEI Investments by 336.5% in the 1st quarter. Rockefeller Capital Management L.P. now owns 1,724 shares of the asset manager’s stock valued at $90,000 after purchasing an additional 1,329 shares during the period. First Bank & Trust acquired a new position in shares of SEI Investments in the 1st quarter valued at $93,000. Icon Wealth Partners LLC acquired a new position in shares of SEI Investments in the 1st quarter valued at $93,000. Finally, ETF Managers Group LLC lifted its stake in shares of SEI Investments by 11.9% in the 1st quarter. ETF Managers Group LLC now owns 1,927 shares of the asset manager’s stock valued at $101,000 after purchasing an additional 205 shares during the period. Institutional investors and hedge funds own 68.75% of the company’s stock.
NASDAQ:SEIC traded down $0.18 during trading hours on Thursday, hitting $55.85. 2,950 shares of the company were exchanged, compared to its average volume of 689,754. The stock has a market cap of $8.50 billion, a PE ratio of 17.81, a price-to-earnings-growth ratio of 1.49 and a beta of 1.28. SEI Investments has a 52-week low of $42.27 and a 52-week high of $64.90. The company has a debt-to-equity ratio of 0.03, a current ratio of 5.86 and a quick ratio of 5.68. The company’s 50 day moving average is $53.92.
The firm also recently disclosed a quarterly dividend, which was paid on Thursday, June 20th. Shareholders of record on Wednesday, June 12th were paid a dividend of $0.33 per share. This represents a $1.32 annualized dividend and a yield of 2.36%. The ex-dividend date of this dividend was Tuesday, June 11th. SEI Investments’s payout ratio is 21.02%.
About SEI Investments
SEI Investments Company is a publicly owned asset management holding company. Through its subsidiaries, the firm provides wealth management, retirement and investment solutions, asset management, asset administration, investment processing outsourcing solutions, financial services, and investment advisory services to its clients.
Further Reading: Return on Investment (ROI)
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