SEI Investments ( (SEIC) ) has released its Q4 earnings. Here is a breakdown of the information SEI Investments presented to its investors.
Invest with Confidence:
- Follow TipRanks' Top Wall Street Analysts to uncover their success rate and average return.
- Join thousands of data-driven investors – Build your Smart Portfolio for personalized insights.
SEI Investments Company, a financial services provider, offers technology and investment solutions across the investment processing, operations, and asset management sectors. Operating primarily with corporations, financial institutions, and high-net-worth families, SEI is recognized for its enterprise-first approach to market engagement.
In the latest earnings report, SEI Investments Company announced a significant increase in financial performance for the fourth quarter of 2024. The company’s earnings per share rose by 31% compared to the previous year, alongside a 15% increase in revenue and a 43% increase in operating income.
Key financial highlights include a 15% rise in consolidated revenues and a notable 43% growth in operating income. Each business segment, including Private Banks, Investment Advisors, and Investment Managers, reported increased revenue and operating profit. The Investment Advisors segment, in particular, contributed significantly to profits through an integrated cash program.
SEI’s assets under management and administration showed healthy growth year-over-year, despite some declines from the previous quarter due to market valuation and net outflows. The company also repurchased 3.1 million shares of common stock, indicating strong capital management.
Looking ahead, SEI’s management remains focused on maximizing returns on invested capital and delivering long-term value to stakeholders. With continued momentum and a strategy centered on client commitment, SEI aims to maintain its growth trajectory into 2025.
