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SEI Investments Co SEIC

Rating as of

Morningstar’s Analysis

Valuation
Currency in USD
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1-Star Price

PREMIUM

5-Star Price

PREMIUM

Economic Moat

PREMIUM

Capital Allocation

PREMIUM

SEI Continues to Chug Along in the Third Quarter

Rajiv Bhatia, CFA Equity Analyst

Analyst Note

| Rajiv Bhatia, CFA |

In our view, SEI Investments' third-quarter results were generally good but not without some headwinds. Revenue came in at $485.3 million, up 14% on the back of market appreciation and was modestly ahead of the FactSet consensus of $482.3 million. Likewise, earnings per share of $0.97 was $0.02 above the consensus estimate. Overall, we will maintain our fair value estimate of $71 and narrow moat rating.

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Company Profile

Business Description

SEI Investments provides investment processing, management, and operations services to financial institutions, asset managers, asset owners, and financial advisors in four material segments: private banks, investment advisors, institutional investors, and investment managers. SEI also has a minority interest in LSV Asset Management, a value equity asset manager with over $103 billion in assets under management. As of June 30, 2020, SEI (including LSV) manages, administers, or advises on about $1.3 trillion in assets.

Contact
1 Freedom Valley Drive
Oaks, PA, 19456
T +1 610 676-1000
Sector Financial Services
Industry Asset Management
Most Recent Earnings Jun 30, 2021
Fiscal Year End Dec 31, 2021
Stock Type Cyclical
Employees 3,988