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SEI Investments

Nasdaq:SEIC
Snowflake Description

Flawless balance sheet with acceptable track record.

The Snowflake is generated from 30 checks in 5 different areas, read more below.
SEIC
Nasdaq
$9B
Market Cap
  1. Home
  2. US
  3. Diversified Financials
Company description

SEI Investments Company is a publicly owned asset management holding company. The last earnings update was 88 days ago. More info.


Add to Portfolio Compare Print
  • SEI Investments is a fund or ETF! Currently our data availability for these is poor, we only recommend using them as part of a portfolio.
SEIC Share Price and Events
7 Day Returns
0.3%
NasdaqGS:SEIC
0.6%
US Capital Markets
-1.2%
US Market
1 Year Returns
-8.7%
NasdaqGS:SEIC
-4%
US Capital Markets
3.4%
US Market
SEIC Shareholder Return
  7 Day 30 Day 90 Day 1 Year 3 Year 5 Year
SEI Investments (SEIC) 0.3% 4% -1.6% -8.7% 11.9% 57.9%
US Capital Markets 0.6% 4.4% 1.8% -4% 54.6% 59.6%
US Market -1.2% 0.7% 1.7% 3.4% 35.5% 41.6%
1 Year Return vs Industry and Market
  • SEIC underperformed the Capital Markets industry which returned -4% over the past year.
  • SEIC underperformed the Market in United States of America which returned 3.4% over the past year.
Price Volatility
SEIC
Industry
5yr Volatility vs Market

Value

 Is SEI Investments undervalued based on future cash flows and its price relative to the stock market?

Value is all about what a company is worth versus what price it is available for. If you went into a grocery store and all the bananas were on sale at half price, they could be considered undervalued.
INTRINSIC VALUE BASED ON FUTURE CASH FLOWS
Here we compare the current share price of SEI Investments to its discounted cash flow analysis.value.

The discounted cash flow value is simply looking at what the company is worth today, based on estimates of how much money it is expected to make in the future.
Raw Data

Below are the data sources, inputs and calculation used to determine the intrinsic value for SEI Investments.

NasdaqGS:SEIC Discounted Cash Flow Data Sources
Data Point Source Value
Valuation Model Excess Returns Model
Stable EPS Median Return on Equity from the past 5 years.
= Stable Book Value * Return on Equity
= $9.10 * 25.9%
$2.36
Book Value of Equity per Share Median Book Value from the past 5 years. $9.10
Discount Rate (Cost of Equity) See below 7.5%
Perpetual Growth Rate 10-Year US Government Bond Rate 2.7%

An important part of a discounted cash flow is the discount rate, below we explain how it has been calculated.

Calculation of Discount Rate/ Cost of Equity for NasdaqGS:SEIC
Data Point Calculation/ Source Result
Risk-Free Rate 10-Year US Govt Bond Rate 2.7%
Equity Risk Premium S&P Global 6%
Capital Markets Unlevered Beta Simply Wall St/ S&P Global 0.67
Re-levered Beta = Unlevered beta (1 + (1- tax rate) (Debt/Equity))
= 0.666 (1 + (1- 21%) (0.58%))
0.779
Levered Beta Levered Beta limited to 0.8 to 2.0
(practical range for a stable firm)
0.8
Discount Rate/ Cost of Equity = Cost of Equity = Risk Free Rate + (Levered Beta * Equity Risk Premium)
= 2.73% + (0.8 * 5.96%)
7.5%

Discounted Cash Flow Calculation for NasdaqGS:SEIC using Excess Returns Model Model

The calculations below outline how an intrinsic value for SEI Investments is arrived at using the Excess Return Model. This approach is used for finance firms where free cash flow is difficult to estimate.

In the Excess Return Model the value of a firm can be written as the sum of capital invested currently in the firm and the present value of excess returns that the firm expects to make in the future.

The model is sensitive to the Return on Equity of the company versus the Cost of Equity, how these are calculated is detailed below the main calculation.

Note the calculations below are per share.

See our documentation to learn about this calculation.

NasdaqGS:SEIC Value of Excess Returns
Calculation Result
Excess Returns = (Stable Return on equity – Cost of equity) (Book Value of Equity per share)
= (25.9% – 7.5%) * $9.10)
$1.67
Terminal Value of Excess Returns = Excess Returns / (Cost of Equity - Expected Growth Rate)
= $1.67 / (7.5% - 2.73%)
$35.10
Value of Equity = Book Value per share + Terminal Value of Excess Returns
= $9.10 + $35.10
$44.2
NasdaqGS:SEIC Discount to Share Price
Calculation Result
Value per share (USD) From above. $44.20
Current discount Discount to share price of $56.57
= -1 x ($56.57 - $44.20) / $44.20
-28%

Learn more about our DCF calculations in Simply Wall St’s analysis model .

  • The current share price of SEI Investments is above its future cash flow value.
Often investors are willing to pay a premium for a company that has a high dividend or the potential for future growth.
PRICE RELATIVE TO MARKET
We can also value a company based on what the stock market is willing to pay for it. This is similar to the price of fruit (e.g. Mangoes or Avocados) increasing when they are out of season, or how much your home is worth.

The amount the stock market is willing to pay for SEI Investments's earnings, growth and assets is considered below, and whether this is a fair price.
Price based on past earnings
Are SEI Investments's earnings available for a low price, and how does this compare to other companies in the same industry?
Raw Data
NasdaqGS:SEIC PE (Price to Earnings) Ratio Data Sources
Data Point Source Value
Earnings Per Share * Company Filings (2019-03-31) in USD $3.09
NasdaqGS:SEIC Share Price ** NasdaqGS (2019-07-19) in USD $56.57
United States of America Capital Markets Industry PE Ratio Median Figure of 90 Publicly-Listed Capital Markets Companies 37.91x
United States of America Market PE Ratio Median Figure of 3,081 Publicly-Listed Companies 17.87x

* Trailing twelve months (TTM) annual GAAP earnings per share excluding extraordinary items.

** Primary Listing of SEI Investments.

NasdaqGS:SEIC PE (Price to Earnings) Ratio Calculation
Calculation Outcome
PE Ratio

= NasdaqGS:SEIC Share Price ÷ EPS (both in USD)

= 56.57 ÷ 3.09

18.33x

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • SEI Investments is good value based on earnings compared to the US Capital Markets industry average.
  • SEI Investments is overvalued based on earnings compared to the United States of America market.
Price based on expected Growth
Does SEI Investments's expected growth come at a high price?
Raw Data
NasdaqGS:SEIC PEG (Price to Earnings to Growth) Ratio Data Sources
Data Point Source Value
PE Ratio See PE Ratio Section 18.33x
Net Income Annual Growth Rate See Future Growth Section.
Line of Best Fit* through Consensus Estimate Earnings of 7 Analysts
6.2%per year
United States of America Capital Markets Industry PEG Ratio Median Figure of 33 Publicly-Listed Capital Markets Companies 2.76x
United States of America Market PEG Ratio Median Figure of 2,119 Publicly-Listed Companies 1.57x

*Line of best fit is calculated by linear regression .

NasdaqGS:SEIC PEG (Price to Earnings to Growth) Ratio Calculation
Calculation Outcome
PEG Ratio

= PE Ratio ÷ Net Income Annual Growth Rate

= 18.33x ÷ 6.2%

2.93x

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • SEI Investments is poor value based on expected growth next year.
Price based on value of assets
What value do investors place on SEI Investments's assets?
Raw Data
NasdaqGS:SEIC PB (Price to Book) Ratio Data Sources
Data Point Source Value
Book Value per Share Company Filings (2019-03-31) in USD $10.75
NasdaqGS:SEIC Share Price * NasdaqGS (2019-07-19) in USD $56.57
United States of America Capital Markets Industry PB Ratio Median Figure of 175 Publicly-Listed Capital Markets Companies 7.86x
United States of America Market PB Ratio Median Figure of 5,247 Publicly-Listed Companies 1.79x
NasdaqGS:SEIC PB (Price to Book) Ratio Calculation
Calculation Outcome
PB Ratio

= NasdaqGS:SEIC Share Price ÷ Book Value per Share (both in USD)

= 56.57 ÷ 10.75

5.26x

* Primary Listing of SEI Investments.

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • SEI Investments is good value based on assets compared to the US Capital Markets industry average.
X
Value checks
We assess SEI Investments's value by looking at:
  1. Is the discounted cash flow value less than 20%, or 40% of the share price? (2 checks) ( Click here or on bar chart for details of DCF calculation. )
  2. Is the PE ratio less than the market average, and/ or less than the Capital Markets industry average (and greater than 0)? (2 checks)
  3. Is the PEG ratio within a reasonable range (0 to 1)? (1 check)
  4. Is the PB ratio less than the Capital Markets industry average (and greater than 0)? (1 check)
  5. SEI Investments has a total score of 2/6, see the detailed checks below.

    Note: We use GAAP Earnings per Share in all our calculations including PE and PEG Ratio.

    Full details on the Value part of the Simply Wall St company analysis model.

Future Performance

 How is SEI Investments expected to perform in the next 1 to 3 years based on estimates from 7 analysts?

The future performance of a company is measured in the same way as past performance, by looking at estimated growth and how much profit it is expected to make.

Future estimates come from professional analysts. Just like forecasting the weather, they don’t always get it right!
Annual Growth Rate
6.2%
Expected annual growth in earnings.
Earnings growth vs Low Risk Savings
Is SEI Investments expected to grow at an attractive rate?
  • SEI Investments's earnings growth is expected to exceed the low risk savings rate of 2.7%.
Growth vs Market Checks
  • SEI Investments's earnings growth is positive but not above the United States of America market average.
  • SEI Investments's revenue growth is positive but not above the United States of America market average.
Annual Growth Rates Comparison
Raw Data
NasdaqGS:SEIC Future Growth Rates Data Sources
Data Point Source Value (per year)
NasdaqGS:SEIC Future Earnings Growth Rate Line of Best Fit* through Consensus Estimate Earnings of 7 Analysts 6.2%
NasdaqGS:SEIC Future Revenue Growth Rate Line of Best Fit* through Consensus Estimate Revenue of 7 Analysts 5.2%
United States of America Capital Markets Industry Earnings Growth Rate Market Cap Weighted Average 6.2%
United States of America Capital Markets Industry Revenue Growth Rate Market Cap Weighted Average 3.9%
United States of America Market Earnings Growth Rate Market Cap Weighted Average 14%
United States of America Market Revenue Growth Rate Market Cap Weighted Average 7.4%

*Line of best fit is calculated by linear regression .

Industry and Market average data is calculated daily.

Learn more about our growth rate calculations in Simply Wall St’s analysis model.

Analysts growth expectations
Raw Data
NasdaqGS:SEIC Analysts Growth Expectations Data Sources
Data Point Source Value
Past Financials Company Filings (3 months ago) See Below
Future Estimates Average of up to 7 Analyst Estimates (S&P Global) See Below
All numbers in USD Millions and using Trailing twelve months (TTM) annual period rather than quarterly.
NasdaqGS:SEIC Future Estimates Data
Date (Data in USD Millions) Revenue Cash Flow Net Income * Avg. No. Analysts
2023-12-31 2,050 632 1
2022-12-31 1,940 591 1
2021-12-31 1,846 549 2
2020-12-31 1,746 531 7
2019-12-31 1,654 487 7
NasdaqGS:SEIC Past Financials Data
Date (Data in USD Millions) Revenue Cash Flow Net Income *
2019-03-31 1,619 544 480
2018-12-31 1,624 588 506
2018-09-30 1,627 561 512
2018-06-30 1,605 538 485
2018-03-31 1,572 491 455
2017-12-31 1,527 460 404
2017-09-30 1,487 461 371
2017-06-30 1,456 456 356
2017-03-31 1,427 429 345
2016-12-31 1,402 434 334
2016-09-30 1,368 406 327
2016-06-30 1,349 398 319

*GAAP earnings excluding extraordinary items.

Super high growth metrics
High Growth Checks
  • SEI Investments's earnings are expected to grow by 6.2% yearly, however this is not considered high growth (20% yearly).
  • SEI Investments's revenue is expected to grow by 5.2% yearly, however this is not considered high growth (20% yearly).
Past and Future Earnings per Share
The accuracy of the analysts who estimate the future performance data can be gauged below. We look back 3 years and see if they were any good at predicting what actually occurred. We also show the highest and lowest estimates looking forward to see if there is a wide range.
Raw Data
NasdaqGS:SEIC Past and Future Earnings per Share
Data Point Source Value
Past Financials Company Filings (3 months ago) See Below
Future Estimates Average of up to 7 Analyst Estimates (S&P Global) See Below

All data from SEI Investments Company Filings, last reported 3 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

NasdaqGS:SEIC Future Estimates Data
Date (Data in USD Millions) EPS * EPS High Estimate EPS Low Estimate Avg. No. Analysts
2023-12-31 4.75 4.75 4.75 1.00
2022-12-31 4.30 4.30 4.30 1.00
2021-12-31 3.85 3.85 3.85 1.00
2020-12-31 3.53 3.61 3.45 6.00
2019-12-31 3.15 3.18 3.11 6.00
NasdaqGS:SEIC Past Financials Data
Date (Data in USD Millions) EPS *
2019-03-31 3.09
2018-12-31 3.23
2018-09-30 3.26
2018-06-30 3.08
2018-03-31 2.89
2017-12-31 2.56
2017-09-30 2.34
2017-06-30 2.23
2017-03-31 2.15
2016-12-31 2.07
2016-09-30 2.01
2016-06-30 1.95

*GAAP earnings excluding extraordinary items.

Performance in 3 years
In the same way as past performance we look at the future estimated return (profit) compared to the available funds. We do this looking forward 3 years.
  • Unable to establish if SEI Investments will efficiently use shareholders’ funds in the future without estimates of Return on Equity.
X
Future performance checks
We assess SEI Investments's future performance by looking at:
  1. Is the annual earnings growth rate expected to beat the low risk savings rate, plus a premium to keep pace with inflation?
  2. Is the annual earnings growth rate expected to beat the average growth rate in earnings of the United States of America market? (1 check)
  3. Is the annual revenue growth rate expected to beat the average growth rate in revenue of the United States of America market? (1 check)
  4. Is the annual earnings growth rate expected to be above 20%? (1 check)
  5. Is the annual revenue growth rate expected to be above 20%? (1 check)
  6. Is the Return on Equity in 3 years expected to be over 20%? (1 check)
Some of the above checks will fail if the company is expected to be loss making in the relevant year.
SEI Investments has a total score of 1/6, see the detailed checks below.

Note 1: We use GAAP Net Income Excluding Exceptional Items for our Earnings in all our calculations.

Full details on the Future part of the Simply Wall St company analysis model.

Past Performance

  How has SEI Investments performed over the past 5 years?

The past performance of a company can be measured by how much growth it has experienced and how much profit it makes relative to the funds and assets it has available.
Past earnings growth
Below we compare SEI Investments's growth in the last year to its industry (Capital Markets).
Past Earnings growth analysis
We also check if the company has grown in the past 5 years, and whether it has maintained that growth in the year.
  • SEI Investments's year on year earnings growth rate has been positive over the past 5 years.
  • SEI Investments's 1-year earnings growth is less than its 5-year average (5.4% vs 11.3%)
  • SEI Investments's earnings growth has not exceeded the US Capital Markets industry average in the past year (5.4% vs 54.5%).
Earnings and Revenue History
SEI Investments's revenue and profit over the past 5 years is shown below, any years where they have experienced a loss will show up in red.
Raw Data

All data from SEI Investments Company Filings, last reported 3 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

NasdaqGS:SEIC Past Revenue, Cash Flow and Net Income Data
Date (Data in USD Millions) Revenue Net Income * G+A Expenses R&D Expenses
2019-03-31 1,619.39 480.01 745.89
2018-12-31 1,624.17 505.87 735.93
2018-09-30 1,627.33 511.98 733.46
2018-06-30 1,604.67 485.40 720.36
2018-03-31 1,572.17 455.49 701.37
2017-12-31 1,526.55 404.39 681.46
2017-09-30 1,487.14 370.86 650.74
2017-06-30 1,455.77 355.82 629.56
2017-03-31 1,427.27 345.06 611.45
2016-12-31 1,401.55 333.82 597.41
2016-09-30 1,368.13 326.59 587.95
2016-06-30 1,349.11 319.31 576.40
2016-03-31 1,343.03 324.54 570.18
2015-12-31 1,334.21 331.66 559.52
2015-09-30 1,321.57 327.37 545.86
2015-06-30 1,307.99 331.93 539.62
2015-03-31 1,289.06 328.50 528.54
2014-12-31 1,266.01 318.71 527.15
2014-09-30 1,242.27 307.13 530.39
2014-06-30 1,200.88 290.34 531.12
2014-03-31 1,156.64 291.02 533.15
2013-12-31 1,126.13 288.12 526.72
2013-09-30 1,088.74 279.19 513.93
2013-06-30 1,059.84 262.74 497.13
2013-03-31 1,026.50 228.80 477.08
2012-12-31 992.52 206.85 460.86
2012-09-30 957.13 194.66 442.58

*GAAP earnings excluding extraordinary items.

Performance last year
We want to ensure a company is making the most of what it has available. This is done by comparing the return (profit) to a company's available funds, assets and capital.
  • SEI Investments has efficiently used shareholders’ funds last year (Return on Equity greater than 20%).
  • SEI Investments used its assets more efficiently than the US Capital Markets industry average last year based on Return on Assets.
  • SEI Investments's use of capital deteriorated last year versus 3 years ago (Return on Capital Employed).
X
Past performance checks
We assess SEI Investments's performance over the past 5 years by checking for:
  1. Has earnings increased in past 5 years? (1 check)
  2. Has the earnings growth in the last year exceeded that of the Capital Markets industry? (1 check)
  3. Is the recent earnings growth over the last year higher than the average annual growth over the past 5 years? (1 check)
  4. Is the Return on Equity (ROE) higher than 20%? (1 check)
  5. Is the Return on Assets (ROA) above industry average? (1 check)
  6. Has the Return on Capital Employed (ROCE) increased from 3 years ago? (1 check)
The above checks will fail if the company has reported a loss in the most recent earnings report. Some checks require at least 3 or 5 years worth of data.
SEI Investments has a total score of 3/6, see the detailed checks below.

Note: We use GAAP Net Income excluding extraordinary items in all our calculations.

Full details on the Past part of the Simply Wall St company analysis model.

Health

 How is SEI Investments's financial health and their level of debt?

A company's financial position is much like your own financial position, it includes everything you own (assets) and owe (liabilities).

The boxes below represent the relative size of what makes up SEI Investments's finances.

The net worth of a company is the difference between its assets and liabilities.
Net Worth
  • SEI Investments is able to meet its short term (1 year) commitments with its holdings of cash and other short term assets.
  • SEI Investments's cash and other short term assets cover its long term commitments.
Balance sheet
This treemap shows a more detailed breakdown of SEI Investments's finances. If any of them are yellow this indicates they may be out of proportion and red means they relate to one of the checks below.
Assets
Liabilities and shares
The 'shares' portion represents any funds contributed by the owners (shareholders) and any profits.
  • Low level of unsold assets.
  • SEI Investments has no debt, it does not need to be covered by short term assets.
Historical Debt
Nearly all companies have debt. Debt in itself isn’t bad, however if the debt is too high, or the company can’t afford to pay the interest on its debts this may have impacts in the future.

The graphic below shows equity (available funds) and debt, we ideally want to see the red area (debt) decreasing.

If there is any debt we look at the companies capability to repay it, and whether the level has increased over the past 5 years.
Raw Data

All data from SEI Investments Company Filings, last reported 3 months ago.

NasdaqGS:SEIC Past Debt and Equity Data
Date (Data in USD Millions) Total Equity Total Debt Cash & Short Term Investments
2019-03-31 1,636.55 0.00 669.32
2018-12-31 1,593.15 0.00 754.53
2018-09-30 1,630.51 0.00 741.97
2018-06-30 1,590.88 0.00 693.44
2018-03-31 1,613.65 20.00 748.30
2017-12-31 1,476.84 30.00 744.25
2017-09-30 1,432.54 40.00 684.97
2017-06-30 1,371.74 0.00 660.36
2017-03-31 1,362.79 0.00 661.37
2016-12-31 1,303.11 0.00 695.70
2016-09-30 1,313.21 0.00 623.16
2016-06-30 1,288.28 0.00 594.77
2016-03-31 1,300.47 0.00 638.25
2015-12-31 1,289.72 0.00 679.66
2015-09-30 1,309.76 0.00 647.59
2015-06-30 1,305.98 0.00 624.84
2015-03-31 1,284.26 0.00 643.26
2014-12-31 1,247.61 0.00 667.45
2014-09-30 1,244.64 0.00 577.91
2014-06-30 1,203.34 0.00 532.17
2014-03-31 1,204.37 0.00 545.55
2013-12-31 1,156.00 0.00 578.27
2013-09-30 1,166.57 0.00 527.21
2013-06-30 1,126.50 0.00 487.06
2013-03-31 1,101.10 0.00 452.10
2012-12-31 1,057.33 0.00 452.25
2012-09-30 1,099.08 0.00 397.68
  • SEI Investments has no debt.
  • SEI Investments had no debt 5 years ago.
  • SEI Investments has no debt, it does not need to be covered by operating cash flow.
  • SEI Investments has no debt, therefore coverage of interest payments is not a concern.
X
Financial health checks
We assess SEI Investments's financial health by checking for:
  1. Are short term assets greater than short term liabilities? (1 check)
  2. Are short term assets greater than long term liabilities? (1 check)
  3. Has the debt to equity ratio increased in the past 5 years? (1 check)
  4. Is the debt to equity ratio over 40%? (1 check)
  5. Is the debt covered by operating cash flow? (1 check)
  6. Are earnings greater than 5x the interest on debt (if company pays interest at all)? (1 check)
  7. SEI Investments has a total score of 6/6, see the detailed checks below.
For companies that are loss making and have been so on average in the past we replace the last 2 checks with:
  1. Does cash and short term investments cover stable operating expenses (recurring G&A and R&D) for more than 3 years? (1 check)
  2. Does cash and short term investments cover growing operating expenses (recurring G&A and R&D) for more than 3 years? (1 check)


Full details on the Health part of the Simply Wall St company analysis model.

Dividends

 What is SEI Investments's current dividend yield, its reliability and sustainability?

Dividends are regular cash payments to you from the company, similar to a bank paying you interest on a savings account.
Annual Dividend Income
Dividend payments
1.17%
Current annual income from SEI Investments dividends. Estimated to be 1.24% next year.
If you bought $2,000 of SEI Investments shares you are expected to receive $23 in your first year as a dividend.
Dividend Amount
Here we look how much dividend is being paid, if any. Is it above what you can get in a savings account? It is up there with the best dividend paying companies?
  • SEI Investments's pays a lower dividend yield than the bottom 25% of dividend payers in United States of America (1.44%).
  • SEI Investments's dividend is below the markets top 25% of dividend payers in United States of America (3.78%).
Annualized Historical and Future Dividends
It is important to see if the dividend for a company is stable, and not wildly increasing/decreasing each year. This graph shows you the historical rate to count toward your assessment of the stock.

We also check to see if the dividend has increased in the past 10 years.
Raw Data
NasdaqGS:SEIC Annualized Past and Future Dividends
Data Point Source Value
Past Annualized Dividend Yield S&P Global Market Data See Below
Past Dividends per Share Company Filings/ Annualized Dividend Payments See Below
Future Dividends per Share Estimates Average of up to 7 Analyst Estimates (S&P Global) See Below
United States of America Capital Markets Industry Average Dividend Yield Market Cap Weighted Average of 41 Stocks 2.2%
United States of America Market Average Dividend Yield Market Cap Weighted Average of 2017 Stocks 2.4%
United States of America Minimum Threshold Dividend Yield 10th Percentile 0.8%
United States of America Bottom 25% Dividend Yield 25th Percentile 1.4%
United States of America Top 25% Dividend Yield 75th Percentile 3.8%

Industry and Market average data is calculated daily.

Note all dividend per share amounts are annualized and not quarterly or other period.

NasdaqGS:SEIC Future Dividends Estimate Data
Date (Data in $) Dividend per Share (annual) Avg. No. Analysts
2023-12-31
2022-12-31
2021-12-31
2020-12-31 0.72 3.00
2019-12-31 0.68 3.00
NasdaqGS:SEIC Past Annualized Dividends Data
Date (Data in $) Dividend per share (annual) Avg. Yield (%)
2019-05-29 0.660 1.210
2018-12-11 0.660 1.299
2018-10-25 0.600 1.129
2018-10-23 0.600 1.149
2018-05-30 0.600 0.972
2017-12-12 0.600 0.842
2017-10-26 0.560 0.833
2017-10-25 0.560 0.877
2017-05-24 0.560 0.991
2016-12-13 0.560 1.110
2016-10-21 0.520 1.115
2016-10-20 0.520 1.148
2016-05-25 0.520 1.104
2015-12-08 0.520 1.179
2015-10-21 0.480 0.904
2015-05-27 0.480 0.957
2014-12-09 0.480 1.121
2014-10-23 0.440 1.127
2014-10-22 0.440 1.198
2014-05-21 0.440 1.270
2013-12-10 0.440 1.321
2013-10-24 0.400 1.189
2013-05-22 0.400 1.308
2012-12-11 0.320 1.185
2012-10-26 0.300 1.367
2012-10-24 0.300 1.378
2012-05-23 0.300 1.459
2011-12-13 0.300 1.571
2011-11-03 0.240 1.487
2011-10-19 0.240 1.507
2011-05-25 0.240 1.314
2010-12-14 0.200 0.861
2010-11-04 0.200 0.860
2010-10-20 0.200 0.901
2010-05-25 0.200 0.991
2009-12-15 0.180 0.912
2009-11-03 0.160 0.900
2009-10-21 0.160 0.897
2009-05-21 0.160 0.877
2008-12-16 0.160 1.201
2008-11-10 0.160 1.107
2008-10-22 0.160 0.987

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Dividends per share have been stable in the past 10 years.
  • Dividends per share have increased over the past 10 years.
Current Payout to shareholders
What portion of SEI Investments's earnings are paid to the shareholders as a dividend.
  • Dividends paid are well covered by earnings (4.9x coverage).
Future Payout to shareholders
  • Insufficient estimate data to determine if a dividend will be paid in 3 years and that it will be sustainable.
X
Income/ dividend checks
We assess SEI Investments's dividend by checking for:
  1. Firstly is the company paying a notable dividend (greater than 0.8%) - if not then the rest of the checks are ignored.
  2. Is current dividend yield above the bottom 25% of dividend payers? (1 check)
  3. Is current dividend yield above the top 25% of dividend payers? (1 check)
  4. Have they paid a dividend for 10 years, and during this period has the dividend been volatile (drop of more than 25%)? (1 check)
  5. If they have paid a dividend for 10 years has it increased in this time? (1 check)
  6. How sustainable is the dividend, can SEI Investments afford to pay it from its earnings today and in 3 years (Payout ratio less than 90%)? (2 checks)
  7. SEI Investments has a total score of 3/6, see the detailed checks below.


Full details on the Dividends part of the Simply Wall St company analysis model.

Management

 What is the CEO of SEI Investments's salary, the management and board of directors tenure and is there insider trading?

Management is one of the most important areas of a company. We look at unreasonable CEO compensation, how long the team and board of directors have been around for and insider trading.
CEO
Al West
COMPENSATION $2,105,098
AGE 76
TENURE AS CEO 51.5 years
CEO Bio

Mr. Alfred P. West, Jr., also knonw as AI, is Chairman and Chief Executive Officer at SEI Investments Company since the firm’s inception in 1968. Mr. West served as President of SEI Investments Company from June 1979 to August 1990. He was the founder of SEI. His areas of expertise include Global strategy and company growth, Innovative leadership, Entrepreneurship, Civic commitment and Innovation in technology. He received his Bachelor of Science in aerospace engineering from the Georgia Institute of Technology and a Master of Business Administration from The Wharton School of the University of Pennsylvania in 1966. He is the Chairman of the Board of the SEI Center for Advanced Studies in Management at Wharton; Chairman of the American Business Conference; Member of the Georgia Tech Foundation; winner of The Joseph Mayo Pettit Alumni Distinguished Service Award; winner of Philadelphia Hospitality's Vision for Philadelphia Award; Member of the Wharton Board of Overseers; and Chairman of the Board of WestBridge. He is a recipient of the Joseph P. Wharton Award and was named Legend CEO by the Technology Council of Philadelphia in 1995. In 2002, the Greater Philadelphia Venture Group presented him with the Raymond Rafferty Entrepreneurial Excellence Award. In 2006, he received the B’Nai B’rith International Distinguished Humanitarian Award. In 2010, Investment Advisor recognized him as one of the 30 most influential people in and around the independent advice business in the magazine's “Thirty for Thirty.” In 2011, he was recognized by Strategic Insight, as one of the 60 most influential “Visionaries of the Modern Era of the Mutual Fund Industry.” This recognition pays tribute to the individuals who have helped create the foundation of the industry and have led and protected it in the past 25 years. Most recently, Tiburon Strategic Advisors recognized him with the Tiburon CEO Summit Award. Drexel University’s LeBow College of Business named him the 59th Business Leader of the Year in 2013. He received the G. Fred DiBona, Jr. Individual Leadership Award from the Philadelphia Arts and Business Council. His dedication to the arts was celebrated in 2014 when The Arts & Business Council of Greater Philadelphia honored him with the G. Fred DiBona, Jr Leadership award. In 2014, He also received the distinction of Highly Commended in the Lifetime Achievement award category by Family Wealth. He also was named the 2014 Most Admired CEO in the banking and finance category by the Philadelphia Business Journal. In 2015, He was named EY’s National Entrepreneur of the Year Award winner for the Financial Services sector. Most recently, The Philadelphia Business Journal named him one of Philadelphia’s “Power 76” of 2016. The list celebrates the most innovative and transformative leaders in the region. He has provided the strategic vision in the development of the firm’s business and solutions over the past 40 years.

CEO Compensation
  • Al's compensation has been consistent with company performance over the past year, both up more than 20%.
  • Al's remuneration is lower than average for companies of similar size in United States of America.
Management Team Tenure

Average tenure and age of the SEI Investments management team in years:

16.6
Average Tenure
59
Average Age
  • The average tenure for the SEI Investments management team is over 5 years, this suggests they are a seasoned and experienced team.
Management Team

Al West

TITLE
Chairman & CEO
COMPENSATION
$2M
AGE
76
TENURE
51.5 yrs

Dennis McGonigle

TITLE
CFO & Executive VP
COMPENSATION
$2M
AGE
58
TENURE
16.6 yrs

Ryan Hicke

TITLE
Executive VP & Chief Information Officer
COMPENSATION
$2M
AGE
41
TENURE
0.7 yrs

Mike Peterson

TITLE
Executive VP & General Counsel
COMPENSATION
$5M
AGE
52
TENURE
1.2 yrs

Steve Meyer

TITLE
Executive VP & Head of Global Wealth Management Services
COMPENSATION
$2M
AGE
54
TENURE
13.6 yrs

William Doran

TITLE
Secretary & Director
COMPENSATION
$568K
AGE
78
TENURE
41.5 yrs

Kathy Heilig

TITLE
VP, Chief Accounting Officer & Controller
AGE
60
TENURE
20.2 yrs

Leslie Wojcik

TITLE
Director of Global Corporate Communications & Public Relations
TENURE
1.5 yrs

Wayne Withrow

TITLE
Executive VP & Head of Independent Advisor Solutions
COMPENSATION
$2M
AGE
63
TENURE
19.3 yrs

Barry O'Rourke

TITLE
Managing Director
Board of Directors Tenure

Average tenure and age of the SEI Investments board of directors in years:

26.3
Average Tenure
73.5
Average Age
  • The average tenure for the SEI Investments board of directors is over 10 years, this suggests they are a seasoned and experienced board.
Board of Directors

Al West

TITLE
Chairman & CEO
COMPENSATION
$2M
AGE
76
TENURE
51.5 yrs

William Doran

TITLE
Secretary & Director
COMPENSATION
$568K
AGE
78
TENURE
34.3 yrs

Carl Guarino

TITLE
Independent Director
COMPENSATION
$240K
AGE
61
TENURE
4.8 yrs

Kathryn McCarthy

TITLE
Lead Independent Director
COMPENSATION
$235K
AGE
70
TENURE
9.5 yrs

Carmen Romeo

TITLE
Independent Director
COMPENSATION
$240K
AGE
75
TENURE
40.1 yrs

Sarah Blumenstein

TITLE
Independent Director
COMPENSATION
$210K
AGE
72
TENURE
18.2 yrs
Who owns this company?
Recent Insider Trading
  • No 3 month individual insider trading information.
Recent Insider Transactions
Announced Type Name Entity Role Start End Shares Max Price ($) Value ($)
11. Mar 19 Sell Alfred West Individual 01. Mar 19 01. Mar 19 -116,412 $53.03 $-6,173,328
01. Mar 19 Sell Alfred West Individual 28. Feb 19 28. Feb 19 -83,588 $52.75 $-4,409,267
28. Feb 19 Sell Alfred West Individual 26. Feb 19 27. Feb 19 -100,000 $52.78 $-5,265,250
06. Feb 19 Buy Paul Klauder Individual 05. Feb 19 05. Feb 19 3,110 $49.81 $154,909
29. Nov 18 Sell Alfred West Individual 27. Nov 18 28. Nov 18 -212,995 $53.45 $-11,376,583
27. Nov 18 Sell Alfred West Individual 23. Nov 18 26. Nov 18 -96,767 $53.47 $-5,155,656
23. Nov 18 Sell Alfred West Individual 20. Nov 18 21. Nov 18 -145,238 $53.37 $-7,662,352
X
Management checks
We assess SEI Investments's management by checking for:
  1. Is the CEO's compensation unreasonable compared to market cap? (1 check)
  2. Has the CEO's compensation increased more than 20% whilst the EPS is down more then 20%? (1 check)
  3. Is the average tenure of the management team less than 2 years? (1 check)
  4. Is the average tenure of the board of directors team less than 3 years? (1 check)
  5. SEI Investments has a total score of 0/6, this is not included on the snowflake, see the detailed checks below.


Note: We use the top 6 management executives and board members in our calculations.

Note 2: Insider trading include any internal stakeholders and these transactions .

Full details on the Management part of the Simply Wall St company analysis model.

News

Simply Wall St News

Who Really Owns SEI Investments Co (NASDAQ:SEIC)?

In this analysis, my focus will be on developing a perspective on SEI Investments Co’s (NASDAQ:SEIC) latest ownership structure, a less discussed, but important factor. … The impact of a company's ownership structure affects both its short- and long-term performance. … The effect of an active institutional investor with a similar ownership as a passive pension-fund can be vastly different on a company's corporate governance and accountability to shareholders.

Simply Wall St -

Should You Buy SEI Investments Co (NASDAQ:SEIC) At US$63.17?

received a lot of attention from a substantial price movement on the NasdaqGS over the last few months, increasing to $75.12 at one point, and dropping to the lows of $61.71. … A question to answer is whether SEI Investments's current trading price of $63.17 reflective of the actual value of the? … Let’s take a look at SEI Investments’s outlook and value based on the most recent financial data to see if there are any catalysts for a price change

Simply Wall St -

Why Fundamental Investors Love SEI Investments Co (NASDAQ:SEIC)

SEI Investments Co (NASDAQ:SEIC) is a company with exceptional fundamental characteristics. … Upon building up an investment case for a stock, we should look at various aspects. … Below, I've touched on some key aspects you should know on a high level

Simply Wall St -

Is SEI Investments Co (NASDAQ:SEIC) Undervalued?

Buying a great company with a robust outlook at a cheap price is always a good investment, so let’s also take a look at the company's future expectations. … SEIC’s optimistic future growth appears to have been factored into the current share price, with shares trading above its fair value. … If you believe SEIC should trade below its current price, selling high and buying it back up again when its price falls towards its real value can be profitable.

Simply Wall St -

Should You Be Tempted To Sell SEI Investments Co (NASDAQ:SEIC) At Its Current PE Ratio?

Formula Price-Earnings Ratio = Price per share ÷ Earnings per share P/E Calculation for SEIC Price per share = $64.81 Earnings per share = $2.887 ∴ Price-Earnings Ratio = $64.81 ÷ $2.887 = 22.4x The P/E ratio isn’t a metric you view in isolation and only becomes useful when you compare it against other similar companies. … Since SEIC's P/E of 22.4x is higher than its industry peers (15.9x), it means that investors are paying more than they should for each dollar of SEIC's earnings. … For example, if you inadvertently compared riskier firms with SEIC, then investors would naturally value SEIC at a higher price since it is a less risky investment.

Simply Wall St -

SEI Investments Co (NASDAQ:SEIC) Investors Are Paying Above The Intrinsic Value

Looking at factors like book values, in addition to the return and cost of equity, is fitting for computing SEIC’s true value. … The returns in excess of cost of equity is called excess returns: Excess Return Per Share = (Stable Return On Equity – Cost Of Equity) (Book Value Of Equity Per Share) = (30.61% – 8.49%) * $10.21 = $2.26 We use this value to calculate the terminal value of the company, which is how much we expect the company to continue to earn every year, forever. … This is a common component of discounted cash flow models: Terminal Value Per Share = Excess Return Per Share / (Cost of Equity – Expected Growth Rate) = $2.26 / (8.49% – 2.47%) = $37.49 Combining these components gives us SEIC's intrinsic value per share: Value Per Share = Book Value of Equity Per Share + Terminal Value Per Share = $10.21 + $37.49 = $47.7 Relative to today's price of $62.81, SEIC is , at this time, overvalued.

Simply Wall St -

What Should We Expect From SEI Investments Co's (NASDAQ:SEIC) Earnings In The Years Ahead?

Below, I've presented key growth figures on how market analysts view SEI Investments's earnings growth trajectory over the next few years and whether the future looks even brighter than the past. … Check out our latest analysis for SEI Investments Market analysts' prospects for next year seems buoyant, with earnings climbing by a robust 30.21%. … The slope of this line is the rate of earnings growth, which in this case is 11.49%.

Simply Wall St -

Does SEI Investments Co's (NASDAQ:SEIC) Past Performance Indicate A Stronger Future?

See our latest analysis for SEI Investments Did SEIC's recent earnings growth beat the long-term trend and the industry? … Since these values are somewhat nearsighted, I have created an annualized five-year value for SEI Investments's earnings, which stands at US$287.35M This shows that, on average, SEI Investments has been able to steadily raise its bottom line over the last few years as well. … This shows that any uplift the industry is gaining from, SEI Investments is able to amplify this to its advantage.What does this mean?

Simply Wall St -

What Are Analysts Saying About SEI Investments Co's (NASDAQ:SEIC) Future?

See our latest analysis for SEI Investments What can we expect from SEI Investments in the longer term? … To reduce the year-on-year volatility of analyst earnings forecast, I've inserted a line of best fit through the expected earnings figures to determine the annual growth rate from the slope of the line. … NasdaqGS:SEIC Future Profit Mar 1st 18 This results in an annual growth rate of 11.49% based on the most recent earnings level of US$404.39M to the final forecast of US$621.85M by 2021.

Simply Wall St -

SEI Investments Co (NASDAQ:SEIC) Delivered A Better ROE Than The Industry, Here’s Why

View our latest analysis for SEI Investments Peeling the layers of ROE – trisecting a company’s profitability Return on Equity (ROE) weighs SEI Investments’s profit against the level of its shareholders’ equity. … ROE can be broken down into three different ratios: net profit margin, asset turnover, and financial leverage. … This is called the Dupont Formula: Dupont Formula ROE = profit margin × asset turnover × financial leverage ROE = (annual net profit ÷ sales) × (sales ÷ assets) × (assets ÷ shareholders’ equity) ROE = annual net profit ÷ shareholders’ equity NasdaqGS:SEIC Last Perf Feb 13th 18 Basically, profit margin measures how much of revenue trickles down into earnings which illustrates how efficient the business is with its cost management.

Simply Wall St -

Company Info

Description

SEI Investments Company is a publicly owned asset management holding company. Through its subsidiaries, the firm provides wealth management, retirement and investment solutions, asset management, asset administration, investment processing outsourcing solutions, financial services, and investment advisory services to its clients. It provides its services to private banks, independent financial advisers, institutional investors, investment managers, investment advisors, wealth management organizations, corporations, retirement scheme sponsors, not-for-profit organizations, hedge fund managers, registered investment advisers, independent broker-dealers, financial planners, life insurance agents, defined-benefit schemes, defined-contribution schemes, endowments, foundations, and board-designated fund, through its subsidiaries. Through its subsidiaries, the firm manages separate client-focused portfolios. It also launches and manages equity, fixed income, and balanced mutual funds, through its subsidiaries. Through its subsidiaries, the firm invests in public equity and fixed income markets. It employs fundamental and quantitative analysis with a focus on top-down and bottom-up analysis to make its investments, through its subsidiaries. SEI Investments Company was founded in 1968 and is based in Oaks, Pennsylvania.

Details
Name: SEI Investments Company
SEIC
Exchange: NasdaqGS
Founded: 1968
$8,628,066,752
152,520,183
Website: http://www.seic.com
Address: SEI Investments Company
1 Freedom Valley Drive,
Oaks,
Pennsylvania, 19456,
United States
Listings
Exchange Symbol Ticker Symbol Security Exchange Country Currency Listed on
NasdaqGS SEIC Common Stock Nasdaq Global Select US USD 25. Mar 1981
DB SI3 Common Stock Deutsche Boerse AG DE EUR 25. Mar 1981
BMV SEIC * Common Stock Bolsa Mexicana de Valores MX MXN 25. Mar 1981
Number of employees
Current staff
Staff numbers
3,836
SEI Investments employees.
Industry
Asset Management and Custody Banks
Diversified Financials
Company Analysis and Financial Data Status
Area Date (UTC time)
Company Analysis updated: 2019/07/22 02:12
End of day share price update: 2019/07/19 00:00
Last estimates confirmation: 2019/07/12
Last earnings filing: 2019/04/25
Last earnings reported: 2019/03/31
Last annual earnings reported: 2018/12/31


All dates and times in UTC. All financial data provided by Standard & Poor’s Capital IQ.

Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more here.