SEI Investments Company

Latest Results (18.12.2024):

Revenue Growth

SEI Investments Company reported a 13% increase in revenue for the third quarter of 2024 compared to the same period in 2023. The company's revenue reached $537.4 million, up from $476.8 million in the previous year. This growth reflects the company's successful strategies in expanding its market presence and enhancing its service offerings.

Operating Income and Margin

For the third quarter of 2024, SEI Investments Company achieved a 33% increase in operating income, totaling $143.8 million compared to $108.5 million in the third quarter of 2023. The operating margin also improved significantly, rising to 26.8% from 22.8% in the previous year, indicating enhanced operational efficiency and cost management.

Net Income and EPS

SEI Investments Company reported a net income of $154.9 million for the third quarter of 2024, marking a 34% increase from $115.7 million in the same quarter of 2023. The diluted earnings per share (EPS) also saw a substantial rise, increasing by 37% to $1.19 from $0.87, reflecting the company's strong financial performance and profitability.

Assets Under Management

During the third quarter of 2024, SEI Investments Company reached a record high in total assets under management, administration, and advisement, amounting to approximately $1.6 trillion. This milestone underscores the company's ability to attract and retain clients, as well as its robust investment management capabilities.

Future Outlook

SEI Investments Company's CEO, Ryan Hicke, expressed confidence in the company's growth strategy, emphasizing the importance of stability, culture, and innovation. The company is focused on maximizing enterprise value for shareholders and is committed to investing in scalable solutions to drive competitive differentiation and accelerated growth in the future.