earnings
confidence high
sentiment positive
materiality 0.75
SEI Q3 revenue rises 14% to $662M; adjusted EPS up 24% to $1.64, buyback raised $800M
SEI INVESTMENTS CO
- Revenue $662.0M (+14% YoY); GAAP diluted EPS $1.38 (+6%); adjusted EPS $1.64 (+24%); operating margin 30%, adjusted 31%.
- Net sales events $46.8M, second-highest quarter ever; YTD $157.4M; Investment Managers led with $32.0M, Private Banks $12.6M.
- Private Banks operating profit +38% on 11% revenue growth; Investment Advisors revenue +26%, helped by Stratos ($23.3M revenue, $4.4M profit).
- Board added $800M to buyback, lifting authorization to ~$926M; SEI repurchased 2.0M shares for $215.1M at avg $105.24; cash $399.8M.
- AUM $606.4B, down 0.1% from Q2; LSV assets -1% on $5.3B net outflows; $32.5M one-time charge tied to Stratos/NSC termination.