earnings
confidence high
sentiment positive
materiality 0.75
SEI Q3 2023 EPS $0.87, up 93% YoY; revenue $476.8M, net income +88%
SEI INVESTMENTS CO
2023-Q3 EPS reported
$2.54
revenue$1,434,935,000
- Diluted EPS $0.87 vs $0.45; Q3 2022 included $57M voluntary separation cost ($0.32 EPS impact).
- Revenue $476.8M (+1% YoY); net income $115.7M vs $61.7M.
- Investment Managers segment revenue up 9%; Private Banks op profit +39%.
- Average AUM (ex-LSV) $170.3B (+2%); average AUA $893.7B (+14%).
- Net sales events of $22.3M in Private Banks/Investment Managers; repurchased 1.4M shares for $86M.