Dernières nouvelles pour SEI Inv (NASDAQ:SEIC) Stock

SEI Inv

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 about $99 billion in assets under management. As of December 2023, SEI (including LSV) manages, administers, or advises about $1.4 trillion in assets.

SEI Investments Co

Invesco (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/ivz#NYSE">IVZ</a>) remains well-positioned for growth on the back of diversified offerings, efforts to enhance operating efficiency and solid assets under management balance. However, a high intangible assets composition on the balance sheet and subdued revenue performance are major headwinds.
<h2>Invesco&#39;s Catalysts</h2>
Invesco has been recording steady improvement in the AUM balance. The metric witnessed a compound annual growth rate (CAGR) of 12.3% over the five years ended 2023. The OppenheimerFunds acquisition in 2019 led to a significant rise in the company&#39;s AUM, turning it into one of the leading global asset managers. Invesco has been capitalizing on the rising demand for passive offerings, which constituted 42% of total AUM as of June 30, 2024, up from 34% in the corresponding period of 2023.
<img alt="Invesco Ltd." src="https://staticx-tuner.zacks.com/images/articles/charts/39/80375.jpg?v=159979789" />
Image Source: Invesco Ltd.
IVZ has been executing initiatives to enhance operating efficiency. The company surpassed its goal for net cost synergies from the OppenheimerFunds acquisition and achieved $200 million in annualized net savings before the planned schedule. While adjusted operating expenses experienced a 2.2% rise in 2023, the trend reversed in the first six months of 2024. The company aims to generate $60 million in annual net savings this year as part of the organizational changes.
Further, Invesco holds a strong footprint in Europe, Canada and the Asia-Pacific, besides the United States. As of June 30, 2024, roughly 28% of the total AUM was from clients residing outside the United States. The acquisitions of Intelliflo, a leading U.K.-based advisor-focused digital solutions firm, and Europe-based Source, a leading independent specialist provider of ETFs, helped the company enhancing global market share and footprint. Such strategic pursuits, as well as diversified offerings, are likely to support the company in generating further momentum from business in such regions.
<h2>Factors That Weigh on Invesco</h2>
Invesco&#39;s subdued top-line expansion is a major concern. Though total operating revenues grew in the first half of 2024, the metric has been experiencing a downtrend since the second half of 2020. Despite having a robust institutional pipeline, diversified product offerings, alternative investment strategies and strong retail channels, revenues are likely to remain subdued in the near term due to a challenging operating backdrop.
A substantial amount of intangible assets in the IVZ&#39;s balance sheet is another major challenge, as these are subject to an annual review. As of June 30, 2024, goodwill and intangible assets amounted to $14.4 billion (53.1% of Invesco&#39;s total assets). Several factors may trigger the initiation of impairment of the book value of such assets, due to which their values will be written down. This is expected to negatively impact the company&#39;s financials. In 2023, amortization and impairment of intangible assets-related charges hampered the company&#39;s profitability, resulting in a net loss.
Invesco currently carries a Zacks Rank #3 (Hold). Over the past three months, shares of the company have risen 17.1%, outperforming the industry&#39;s growth of 15.8%.
<img alt="Zacks Investment Research" src="https://staticx-tuner.zacks.com/images/articles/charts/f5/80377.jpg?v=873665951" />
Image Source: Zacks Investment Research
<h2>IVZ&#39;s Peers Worth Considering</h2>
Some better-ranked asset managers worth a look are Ameriprise (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/amp#NYSE">AMP</a>) and SEI Investments (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/seic#NASDAQ">SEIC</a>), carrying a Zacks Rank #2 (Buy).
Estimates for AMP&#39;s current-year earnings have been revised marginally upward in the past week. Ameriprise&#39;s shares have rallied 11% over the past three months.
Estimates for SEIC&#39;s current-year earnings have been revised slightly north in the past seven days. Shares of SEI Investments have gained 6.7% over the past three months.
<a href="https://www.zacks.com/stock/news/2346134/restructuring-moves-aum-aid-invesco-muted-revenues-a-concern?cid=CS-BENZ-FT-analyst_blog|zer_report_update-2346134">To read this article on Zacks.com click here.</a>

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SEIC

Restructuring Moves & AUM Aid Invesco, Muted Revenues a Concern

Disclosed on August 30, Alfred P. West Jr.,, Executive Chairman at SEI Inv (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/SEIC#NASDAQ">SEIC</a>), executed a substantial insider sell as per the latest SEC filing.
What Happened: Jr., opted to sell 5,670 shares of SEI Inv, according to a Form 4 filing with the <a href="https://www.sec.gov/Archives/edgar/data/0000350894/000035089424000113//Archives/edgar/data/350894/000035089424000113/0000350894-24-000113-index.htm">U.S. Securities and Exchange Commission</a> on Friday. The transaction's total worth stands at $382,725.
During Friday's morning session, SEI Inv shares down by 0.0%, currently priced at $67.46.
<h3>About SEI Inv</h3>
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 about $99 billion in assets under management. As of December 2023, SEI (including LSV) manages, administers, or advises about $1.4 trillion in assets.
<h3>Unraveling the Financial Story of SEI Inv</h3>
Revenue Growth: SEI Inv's remarkable performance in 3 months is evident. As of 30 June, 2024, the company achieved an impressive revenue growth rate of 6.12%. This signifies a substantial increase in the company's top-line earnings. As compared to competitors, the company encountered difficulties, with a growth rate lower than the average among peers in the Financials sector.
Profitability Metrics:
<ul>
<li>
Gross Margin: With a high gross margin of 53.66%, the company demonstrates effective cost control and strong profitability relative to its peers.
</li>
<li>
Earnings per Share (EPS): SEI Inv's EPS lags behind the industry average, indicating concerns and potential challenges with a current EPS of 1.06.
</li>
</ul>
Debt Management: SEI Inv's debt-to-equity ratio is below the industry average. With a ratio of 0.01, the company relies less on debt financing, maintaining a healthier balance between debt and equity, which can be viewed positively by investors.
Analyzing Market Valuation:
<ul>
<li>
Price to Earnings (P/E) Ratio: The P/E ratio of 17.66 is lower than the industry average, implying a discounted valuation for SEI Inv's stock.
</li>
<li>
Price to Sales (P/S) Ratio: The Price to Sales ratio is 4.49, which is lower than the industry average. This suggests a possible undervaluation based on sales performance.
</li>
<li>
EV/EBITDA Analysis (Enterprise Value to its Earnings Before Interest, Taxes, Depreciation &amp; Amortization): The company's EV/EBITDA ratio of 10.98 trails industry averages, indicating a potential disparity in market valuation that could be advantageous for investors.
</li>
</ul>
Market Capitalization Perspectives: The company's market capitalization falls below industry averages, signaling a relatively smaller size compared to peers. This positioning may be influenced by factors such as perceived growth potential or operational scale.
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<h3>Why Insider Transactions Are Important</h3>
Insider transactions shouldn't be used primarily to make an investing decision, however, they can be an important factor for an investor to consider.
From a legal standpoint, the term "insider" pertains to any officer, director, or beneficial owner holding more than ten percent of a company's equity securities as outlined in Section 12 of the Securities Exchange Act of 1934. This encompasses executives in the c-suite and significant hedge funds. These insiders are mandated to inform the public of their transactions through a Form 4 filing, to be submitted within two business days of the transaction.
A company insider's new purchase is a indicator of their positive anticipation for a rise in the stock.
While insider sells may not necessarily reflect a bearish view and can be motivated by various factors.
<h3>Navigating the World of Insider Transaction Codes</h3>
Examining transactions, <a href="https://www.benzinga.com/money/investing-tools">investors</a> often concentrate on those unfolding in the open market, meticulously detailed in Table I of the Form 4 filing. A P in Box 3 denotes a purchase, while S signifies a sale. Transaction code C indicates the conversion of an option, and transaction code A denotes a grant, award, or other acquisition of securities from the company.
<a href="https://www.benzinga.com/sec/insider-trades/search/index?company_cik=0000350894">Check Out The Full List Of SEI Inv's Insider Trades.</a>
This article was generated by Benzinga's automated content engine and reviewed by an editor.

Insider Trades

Sell Alert: Alfred P. West Jr., Cashes Out $382K In SEI Inv Stock

Alfred P. West Jr.,, Executive Chairman at SEI Inv (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/SEIC#NASDAQ">SEIC</a>), disclosed an insider sell on August 28, according to a recent SEC filing.
What Happened: According to a Form 4 filing with the <a href="https://www.sec.gov/Archives/edgar/data/0000350894/000035089424000109//Archives/edgar/data/350894/000035089424000109/0000350894-24-000109-index.htm">U.S. Securities and Exchange Commission</a> on Wednesday, Jr., sold 101,129 shares of SEI Inv. The total transaction value is $6,793,590.
During Thursday's morning session, SEI Inv shares up by 0.37%, currently priced at $67.55.
<h3>All You Need to Know About SEI Inv</h3>
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 about $99 billion in assets under management. As of December 2023, SEI (including LSV) manages, administers, or advises about $1.4 trillion in assets.
<h3>Financial Insights: SEI Inv</h3>
Revenue Growth: SEI Inv's revenue growth over a period of 3 months has been noteworthy. As of 30 June, 2024, the company achieved a revenue growth rate of approximately 6.12%. This indicates a substantial increase in the company's top-line earnings. As compared to its peers, the revenue growth lags behind its industry peers. The company achieved a growth rate lower than the average among peers in Financials sector.
Key Profitability Indicators:
<ul>
<li>
Gross Margin: The company maintains a high gross margin of 53.66%, indicating strong cost management and profitability compared to its peers.
</li>
<li>
Earnings per Share (EPS): With an EPS below industry norms, SEI Inv exhibits below-average bottom-line performance with a current EPS of 1.06.
</li>
</ul>
Debt Management: SEI Inv's debt-to-equity ratio is below the industry average at 0.01, reflecting a lower dependency on debt financing and a more conservative financial approach.
Understanding Financial Valuation:
<ul>
<li>
Price to Earnings (P/E) Ratio: The Price to Earnings ratio of 17.62 is lower than the industry average, indicating potential undervaluation for the stock.
</li>
<li>
Price to Sales (P/S) Ratio: With a lower-than-average P/S ratio of 4.48, the stock presents an attractive valuation, potentially signaling a buying opportunity for investors interested in sales performance.
</li>
<li>
EV/EBITDA Analysis (Enterprise Value to its Earnings Before Interest, Taxes, Depreciation &amp; Amortization): The company's EV/EBITDA ratio of 10.95 trails industry averages, indicating a potential disparity in market valuation that could be advantageous for investors.
</li>
</ul>
Market Capitalization Analysis: The company exhibits a lower market capitalization profile, positioning itself below industry averages. This suggests a smaller scale relative to peers.
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<h3>Why Insider Transactions Are Important</h3>
While insider transactions should not be the sole basis for making investment decisions, they can play a significant role in an investor's decision-making process.
When discussing legal matters, the term "insider" refers to any officer, director, or beneficial owner holding more than ten percent of a company's equity securities, as stipulated in Section 12 of the Securities Exchange Act of 1934. This includes executives in the c-suite and significant hedge funds. Such insiders are required to report their transactions through a Form 4 filing, which must be completed within two business days of the transaction.
A new purchase by a company insider is a indication that they anticipate the stock will rise.
On the other hand, insider sells may not necessarily indicate a bearish view and can be motivated by various factors.
<h3>A Deep Dive into Insider Transaction Codes</h3>
When dissecting transactions, the focal point for <a href="https://www.benzinga.com/money/investing-tools">investors</a> is often those occurring in the open market, meticulously detailed in Table I of the Form 4 filing. A P in Box 3 denotes a purchase, while S signifies a sale. Transaction code C indicates the conversion of an option, and transaction code A denotes a grant, award, or other acquisition of securities from the company.
<a href="https://www.benzinga.com/sec/insider-trades/search/index?company_cik=0000350894">Check Out The Full List Of SEI Inv's Insider Trades.</a>
This article was generated by Benzinga's automated content engine and reviewed by an editor.

Alfred P. West Jr., Implements A Sell Strategy: Offloads $6.79M In SEI Inv Stock

Disclosed on August 27, Alfred P. West Jr.,, Executive Chairman at SEI Inv (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/SEIC#NASDAQ">SEIC</a>), executed a substantial insider sell as per the latest SEC filing.
What Happened: A Form 4 filing with the <a href="https://www.sec.gov/Archives/edgar/data/0000350894/000035089424000107//Archives/edgar/data/350894/000035089424000107/0000350894-24-000107-index.htm">U.S. Securities and Exchange Commission</a> on Tuesday outlined that Jr., executed a sale of 71,582 shares of SEI Inv with a total value of $4,833,444.
SEI Inv shares are trading down 0.0% at $67.24 at the time of this writing on Tuesday morning.
<h3>Discovering SEI Inv: A Closer Look</h3>
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 about $99 billion in assets under management. As of December 2023, SEI (including LSV) manages, administers, or advises about $1.4 trillion in assets.
<h3>SEI Inv's Financial Performance</h3>
Positive Revenue Trend: Examining SEI Inv's financials over 3 months reveals a positive narrative. The company achieved a noteworthy revenue growth rate of 6.12% as of 30 June, 2024, showcasing a substantial increase in top-line earnings. As compared to competitors, the company encountered difficulties, with a growth rate lower than the average among peers in the Financials sector.
Evaluating Earnings Performance:
<ul>
<li>
Gross Margin: With a high gross margin of 53.66%, the company demonstrates effective cost control and strong profitability relative to its peers.
</li>
<li>
Earnings per Share (EPS): SEI Inv's EPS lags behind the industry average, indicating concerns and potential challenges with a current EPS of 1.06.
</li>
</ul>
Debt Management: SEI Inv's debt-to-equity ratio is below industry norms, indicating a sound financial structure with a ratio of 0.01.
Navigating Market Valuation:
<ul>
<li>
Price to Earnings (P/E) Ratio: The current P/E ratio of 17.6 is below industry norms, indicating potential undervaluation and presenting an investment opportunity.
</li>
<li>
Price to Sales (P/S) Ratio: With a lower-than-average P/S ratio of 4.48, the stock presents an attractive valuation, potentially signaling a buying opportunity for investors interested in sales performance.
</li>
<li>
EV/EBITDA Analysis (Enterprise Value to its Earnings Before Interest, Taxes, Depreciation &amp; Amortization): With a lower-than-industry-average EV/EBITDA ratio of 10.94, SEI Inv presents a potential value opportunity, as investors are paying less for each unit of EBITDA.
</li>
</ul>
Market Capitalization Analysis: Below industry benchmarks, the company's market capitalization reflects a smaller scale relative to peers. This could be attributed to factors such as growth expectations or operational capacity.
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<h3>Why Insider Transactions Are Key in Investment Decisions</h3>
While insider transactions should not be the sole basis for making investment decisions, they can play a significant role in an investor's decision-making process.
From a legal standpoint, the term "insider" pertains to any officer, director, or beneficial owner holding more than ten percent of a company's equity securities as outlined in Section 12 of the Securities Exchange Act of 1934. This encompasses executives in the c-suite and significant hedge funds. These insiders are mandated to inform the public of their transactions through a Form 4 filing, to be submitted within two business days of the transaction.
A company insider's new purchase is a indicator of their positive anticipation for a rise in the stock.
While insider sells may not necessarily reflect a bearish view and can be motivated by various factors.
<h3>The Insider's Guide to Important Transaction Codes</h3>
<a href="https://www.benzinga.com/money/investing-tools">Investors</a> prefer focusing on transactions that take place in the open market, indicated in Table I of the Form 4 filing. A P in Box 3 indicates a purchase, while S indicates a sale. Transaction code C indicates the conversion of an option, and transaction code A indicates grant, award or other acquisition of securities from the company.
<a href="https://www.benzinga.com/sec/insider-trades/search/index?company_cik=0000350894">Check Out The Full List Of SEI Inv's Insider Trades.</a>
This article was generated by Benzinga's automated content engine and reviewed by an editor.

Insider Decision: Alfred P. West Jr., Offloads $4.83M Worth Of SEI Inv Stock

SEI Investments Co.&#39;s (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/seic#NASDAQ">SEIC</a>) second-quarter 2024 earnings of $1.05 per share surpassed the Zacks Consensus Estimate by a penny. The bottom line reflected a rise of 18% from the prior-year quarter&#39;s level.
Results benefited from higher revenues and an increase in the assets under management balance. Higher expenses acted as a headwind.
Net income was $139.1 million, up 17% from the year-ago quarter&#39;s level. Our estimate for the metric was $129.4 million.
<h3>Revenues &amp; AUM Improve, Expenses Rise</h3>
Total revenues were $519 million, up 6% year over year. The rise was driven by higher asset management, administration and distribution fees. However, the top line missed the Zacks Consensus Estimate of $524 million.
Total expenses were $382.5 million, up 2% year over year. The increase was due to higher compensation, benefits and other personnel costs, stock-based compensation expenses, amortization costs, and data processing and computer-related costs. Our estimate for the metric was $399.6 million.
Operating income increased 21% year over year to $136.5 million. Our estimate for the metric was $119.9 million.
As of Jun 30, 2024, AUM was $470.5 billion, reflecting a rise of 13% from the prior-year quarter&#39;s reported actuals. Client assets under administration (AUA) were $1 trillion, up 16% year over year. Client AUA did not include $8.5 billion related to Funds of Funds assets reported as of Jun 30, 2024.
<h3>Share Repurchase Update</h3>
In the reported quarter, SEI Investments bought back 1.6 million shares for $111.2 million.
<h3>Conclusion</h3>
Elevated expenses are expected to hurt the company&#39;s bottom line. SEIC&#39;s increased exposure to fee-based revenues is another major concern. However, its robust AUM balance, global presence and diverse range of product offerings are expected to continue to drive growth.
<div class="chart_embed">
<h3>SEI Investments Company Price, Consensus and EPS Surprise</h3>
<img alt="SEI Investments Company Price, Consensus and EPS Surprise" src="https://staticx-tuner.zacks.com/images/charts/d5/1721912100.png" style="height:265px; width:577px" title="" />
SEI Investments Company price-consensus-eps-surprise-chart | SEI Investments Company Quote
Currently, SEI Investments carries a Zacks Rank #2 (Buy).
</div>
<h3>Performance of Other Asset Managers</h3>
BlackRock, Inc.&#39;s (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/blk#NYSE">BLK</a>) second-quarter 2024 adjusted earnings of $10.36 per share handily surpassed the Zacks Consensus Estimate of $9.96. The figure reflects a rise of 12% from the year-ago quarter&#39;s level.
BLK&#39;s results benefited from a rise in revenues. AUM witnessed a solid improvement, driven by net inflows and market appreciation. However, higher expenses and a fall in non-operating income acted as headwinds for BLK.
Blackstone&#39;s&nbsp;second-quarter 2024 distributable earnings of 96 cents per share lagged the Zacks Consensus Estimate of 99 cents. The figure declined 3.2% from the prior-year quarter&#39;s figure.
BX&#39;s results were primarily hurt by an increase in GAAP expenses. Nevertheless, a rise in segment revenues and an improvement in the AUM balance were tailwinds.
<a href="https://www.zacks.com/stock/news/2309156/sei-investments-seic-q2-earnings-beat-as-revenues-aum-rise?cid=CS-BENZ-FT-analyst_blog|earnings_article-2309156">To read this article on Zacks.com click here.</a>

Earnings Beats

Management

SEI Investments Q2 Earnings Beat as Revenues & AUM Rise

Keefe, Bruyette &amp; Woods analyst Aidan Hall reiterates SEI Inv (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/SEIC#NASDAQ">SEIC</a>) with a Market Perform and lowers the price target from $74 to $73.

Price Target

Reiteration

Keefe, Bruyette & Woods Reiterates Market Perform on SEI Inv, Lowers Price Target to $73

Piper Sandler analyst Crispin Love maintains SEI Inv (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/SEIC#NASDAQ">SEIC</a>) with a Neutral and lowers the price target from $72 to $71.

Piper Sandler Maintains Neutral on SEI Inv, Lowers Price Target to $71

SEI Inv (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/SEIC#NASDAQ">SEIC</a>) reported quarterly earnings of $1.05 per share which beat the analyst consensus estimate of $1.04 by 0.96 percent. This is a 17.98 percent increase over earnings of $0.89 per share from the same period last year. The company reported quarterly sales of $518.986 million which missed the analyst consensus estimate of $523.801 million by 0.92 percent. This is a 6.12 percent increase over sales of $489.057 million the same period last year.

Earnings Misses

SEI Inv Q2 2024 GAAP EPS $1.05 Beats $1.04 Estimate, Sales $518.986M Miss $523.801M Estimate

Piper Sandler analyst Crispin Love maintains SEI Inv (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/SEIC#NASDAQ">SEIC</a>) with a Neutral and raises the price target from $69 to $72.

Piper Sandler Maintains Neutral on SEI Inv, Raises Price Target to $72

The Nasdaq 100 closed lower by over 1% on Monday. Investors, meanwhile, focused on some notable insider trades.
When insiders sell shares, it could be a preplanned sale, or could indicate their concern in the company's prospects or that they view the stock as being overpriced. Insider sales should not be taken as the only indicator for making an investment or trading decision. At best, it can lend conviction to a selling decision.
Below is a look at a few recent notable insider sales. For more, check out <a href="https://www.benzinga.com/sec/insider-trades/">Benzinga&#8217;s insider transactions</a> platform.
<h3 class="wp-block-heading">AppFolio</h3>
<ul>
<li>The Trade: AppFolio, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/APPF#NASDAQ">APPF</a>) Director Maurice J Duca <a href="https://www.benzinga.com/sec/insider-trades/">sold a total of 11,746 shares</a> at an average price of $231.52. The insider received around $2.72 million from selling those shares.</li>
<li>What's Happening: On June 10, Piper Sandler analyst Brent Bracelin initiated coverage on AppFolio with an Overweight rating and announced a price target of $295.</li>
<li>What AppFolio Does: AppFolio Inc is a provider of cloud-based software solutions for real estate industry.</li>
</ul>
Have a look at our <a href="https://www.benzinga.com/premarket/">premarket coverage her</a>e
<h3 class="wp-block-heading">SEI Investments</h3>
<ul>
<li>The Trade: SEI Investments Company (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/SEIC#NASDAQ">SEIC</a>) Director William Doran <a href="https://www.benzinga.com/sec/insider-trades/">sold a total of 5,000 shares</a> at an average price of $67.04. The insider received around $335,200 from selling those shares.</li>
<li>What's Happening: On May 29, SEI declared a dividend of 46 cents per share.</li>
<li>What SEI Investments Does: 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.</li>
</ul>
<h3 class="wp-block-heading">Charles Schwab</h3>
<ul>
<li>The Trade: The Charles Schwab Corporation (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/SCHW#NYSE">SCHW</a>) Director Carolyn Schwab-Pomerantz <a href="https://www.benzinga.com/sec/insider-trades/">sold a total of 9,000 shares</a> at an average price of $72.49. The insider received around $652,373 from selling those shares.</li>
<li>What's Happening: On June 17, Keefe, Bruyette &amp; Woods analyst Kyle Voigt maintained Charles Schwab with a Market Perform and maintained a $76 price target.</li>
<li>What Charles Schwab Does: Charles Schwab operates in brokerage, wealth management, banking, and asset management.</li>
</ul>
<h3 class="wp-block-heading">Applied Materials</h3>
<ul>
<li>The Trade: Applied Materials, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AMAT#NASDAQ">AMAT</a>) Director Thomas J Iannotti <a href="https://www.benzinga.com/sec/insider-trades/">sold a total of 9,827 shares</a> at an average price of $236.65. The insider received around $2.3 million from selling those shares.</li>
<li>What's Happening: On June 20, B. Riley Securities analyst Craig Ellis maintained Applied Materials with a Buy and raised the price target from $255 to $300.</li>
<li>What Applied Materials Does: Applied Materials is the largest semiconductor wafer fabrication equipment, or WFE, manufacturer in the world.</li>
</ul>
Check This Out: <a href="https://www.benzinga.com/news/24/06/39477090/this-cloudflare-analyst-is-no-longer-bearish-here-are-top-5-upgrades-for-tuesday">This Cloudflare Analyst Is No Longer Bearish; Here Are Top 5 Upgrades For Tuesday</a>

Short Ideas

Pre-Market Outlook

AMAT

APPF

SCHW

Charles Schwab, Applied Materials And 2 Other Stocks Insiders Are Selling

On-Demand Access to Actionable Tools Helps Drive Business Growth

SEI Launches GrowthLink Management Hub For Canada-Based Advisors

On May 13, a recent SEC filing unveiled that Alfred P. West Jr.,, Executive Chairman at SEI Inv (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/SEIC#NASDAQ">SEIC</a>) made an insider sell.
What Happened: According to a Form 4 filing with the <a href="https://www.sec.gov/Archives/edgar/data/0000350894/000035089424000086//Archives/edgar/data/350894/000035089424000086/0000350894-24-000086-index.htm">U.S. Securities and Exchange Commission</a> on Monday, Jr., sold 140,000 shares of SEI Inv. The total transaction value is $9,605,400.
The latest update on Monday morning shows SEI Inv shares down by 0.0%, trading at $68.5.
<h3>All You Need to Know About SEI Inv</h3>
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 about $99 billion in assets under management. As of December 2023, SEI (including LSV) manages, administers, or advises about $1.4 trillion in assets.
<h3>Understanding the Numbers: SEI Inv's Finances</h3>
Positive Revenue Trend: Examining SEI Inv's financials over 3 months reveals a positive narrative. The company achieved a noteworthy revenue growth rate of 9.05% as of 31 March, 2024, showcasing a substantial increase in top-line earnings. When compared to others in the Financials sector, the company faces challenges, achieving a growth rate lower than the average among peers.
Interpreting Earnings Metrics:
<ul>
<li>
Gross Margin: Achieving a high gross margin of 51.49%, the company performs well in terms of cost management and profitability within its sector.
</li>
<li>
Earnings per Share (EPS): SEI Inv's EPS is below the industry average. The company faced challenges with a current EPS of 1.0. This suggests a potential decline in earnings.
</li>
</ul>
Debt Management: SEI Inv's debt-to-equity ratio is below the industry average at 0.01, reflecting a lower dependency on debt financing and a more conservative financial approach.
Valuation Metrics: A Closer Look
<ul>
<li>
Price to Earnings (P/E) Ratio: With a lower-than-average P/E ratio of 18.72, the stock indicates an attractive valuation, potentially presenting a buying opportunity.
</li>
<li>
Price to Sales (P/S) Ratio: With a lower-than-average P/S ratio of 4.65, the stock presents an attractive valuation, potentially signaling a buying opportunity for investors interested in sales performance.
</li>
<li>
EV/EBITDA Analysis (Enterprise Value to its Earnings Before Interest, Taxes, Depreciation &amp; Amortization): At 11.63, the company's EV/EBITDA ratio outperforms industry norms, reflecting positive market perception. This positioning indicates optimistic expectations for the company's future performance.
</li>
</ul>
Market Capitalization Analysis: The company's market capitalization is below the industry average, suggesting that it is relatively smaller compared to peers. This could be due to various factors, including perceived growth potential or operational scale.
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<h3>Why Pay Attention to Insider Transactions</h3>
Insider transactions are not the sole determinant of investment choices, but they are a factor worth considering.
In the context of legal matters, the term "insider" refers to any officer, director, or beneficial owner holding more than ten percent of a company's equity securities, as outlined by Section 12 of the Securities Exchange Act of 1934. This includes executives in the c-suite and significant hedge funds. Such insiders are obligated to report their transactions through a Form 4 filing, which must be completed within two business days of the transaction.
Pointing towards optimism, a company insider's new purchase signals their positive anticipation for the stock to rise.
Despite insider sells not always signaling a bearish sentiment, they can be driven by various factors.
<h3>Navigating the World of Insider Transaction Codes</h3>
When dissecting transactions, the focal point for <a href="https://www.benzinga.com/money/investing-tools">investors</a> is often those occurring in the open market, meticulously detailed in Table I of the Form 4 filing. A P in Box 3 denotes a purchase, while S signifies a sale. Transaction code C indicates the conversion of an option, and transaction code A denotes a grant, award, or other acquisition of securities from the company.
<a href="https://www.benzinga.com/sec/insider-trades/search/index?company_cik=0000350894">Check Out The Full List Of SEI Inv's Insider Trades.</a>
This article was generated by Benzinga's automated content engine and reviewed by an editor.

SEI Inv Executive Chairman Trades Company's Stock

Keefe, Bruyette &amp; Woods analyst Aidan Hall reiterates SEI Inv (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/SEIC#NASDAQ">SEIC</a>) with a Market Perform and raises the price target from $72 to $74.

Keefe, Bruyette & Woods Reiterates Market Perform on SEI Inv, Raises Price Target to $74

Piper Sandler analyst Crispin Love maintains SEI Inv (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/SEIC#NASDAQ">SEIC</a>) with a Neutral and lowers the price target from $72 to $69.

Piper Sandler Maintains Neutral on SEI Inv, Lowers Price Target to $69

SEI Inv (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/SEIC#NASDAQ">SEIC</a>) reported quarterly earnings of $0.99 per share which beat the analyst consensus estimate of $0.97 by 2.06 percent. The company reported quarterly sales of $511.579 million which beat the analyst consensus estimate of $510.406 million by 0.23 percent. This is a 9.05 percent increase over sales of $469.119 million the same period last year.

SEI Inv Q1 2024 GAAP EPS $0.99 Beats $0.97 Estimate, Sales $511.579M Beat $510.406M Estimate

SEI Investments (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/seic#NASDAQ">SEIC</a>) is expected to deliver a year-over-year increase in earnings on higher revenues when it reports results for the quarter ended March 2024. This widely-known consensus outlook gives a good sense of the company&#39;s earnings picture, but how the actual results compare to these estimates is a powerful factor that could impact its near-term stock price.
The stock might move higher if these key numbers top expectations in the upcoming earnings report. On the other hand, if they miss, the stock may move lower.
While the sustainability of the immediate price change and future earnings expectations will mostly depend on management&#39;s discussion of business conditions on the earnings call, it&#39;s worth handicapping the probability of a positive EPS surprise.
Zacks Consensus Estimate
This investment management firm is expected to post quarterly earnings of $0.96 per share in its upcoming report, which represents a year-over-year change of +21.5%.
Revenues are expected to be $502.76 million, up 7.2% from the year-ago quarter.
Estimate Revisions Trend
The consensus EPS estimate for the quarter has been revised 3.23% higher over the last 30 days to the current level. This is essentially a reflection of how the covering analysts have collectively reassessed their initial estimates over this period.
Investors should keep in mind that the direction of estimate revisions by each of the covering analysts may not always get reflected in the aggregate change.
Earnings Whisper
Estimate revisions ahead of a company&#39;s earnings release offer clues to the business conditions for the period whose results are coming out. Our proprietary surprise prediction model -- the Zacks Earnings ESP (Expected Surprise Prediction) -- has this insight at its core.
The Zacks Earnings ESP compares the Most Accurate Estimate to the Zacks Consensus Estimate for the quarter; the Most Accurate Estimate is a more recent version of the Zacks Consensus EPS estimate. The idea here is that analysts revising their estimates right before an earnings release have the latest information, which could potentially be more accurate than what they and others contributing to the consensus had predicted earlier.
Thus, a positive or negative Earnings ESP reading theoretically indicates the likely deviation of the actual earnings from the consensus estimate. However, the model&#39;s predictive power is significant for positive ESP readings only.
A positive Earnings ESP is a strong predictor of an earnings beat, particularly when combined with a Zacks Rank #1 (Strong Buy), 2 (Buy) or 3 (Hold). Our research shows that stocks with this combination produce a positive surprise nearly 70% of the time, and a solid Zacks Rank actually increases the predictive power of Earnings ESP.
Please note that a negative Earnings ESP reading is not indicative of an earnings miss. Our research shows that it is difficult to predict an earnings beat with any degree of confidence for stocks with negative Earnings ESP readings and/or Zacks Rank of 4 (Sell) or 5 (Strong Sell).
How Have the Numbers Shaped Up for SEI?
For SEI, the Most Accurate Estimate is lower than the Zacks Consensus Estimate, suggesting that analysts have recently become bearish on the company&#39;s earnings prospects. This has resulted in an Earnings ESP of -0.43%.
On the other hand, the stock currently carries a Zacks Rank of #2.
So, this combination makes it difficult to conclusively predict that SEI will beat the consensus EPS estimate.
Does Earnings Surprise History Hold Any Clue?
While calculating estimates for a company&#39;s future earnings, analysts often consider to what extent it has been able to match past consensus estimates. So, it&#39;s worth taking a look at the surprise history for gauging its influence on the upcoming number.
For the last reported quarter, it was expected that SEI would post earnings of $0.91 per share when it actually produced earnings of $0.91, delivering no surprise.
Over the last four quarters, the company has beaten consensus EPS estimates just once.
Bottom Line
An earnings beat or miss may not be the sole basis for a stock moving higher or lower. Many stocks end up losing ground despite an earnings beat due to other factors that disappoint investors. Similarly, unforeseen catalysts help a number of stocks gain despite an earnings miss.
That said, betting on stocks that are expected to beat earnings expectations does increase the odds of success. This is why it&#39;s worth checking a company&#39;s Earnings ESP and Zacks Rank ahead of its quarterly release. Make sure to utilize our Earnings ESP Filter to uncover the best stocks to buy or sell before they&#39;ve reported.
SEI doesn&#39;t appear a compelling earnings-beat candidate. However, investors should pay attention to other factors too for betting on this stock or staying away from it ahead of its earnings release.
<a href="https://www.zacks.com/stock/news/2253988/sei-investments-seic-to-report-q1-results-wall-street-expects-earnings-growth?cid=CS-BENZ-FT-tale_of_the_tape|yseop_template_9-2253988">To read this article on Zacks.com click here.</a>

SEI Investments to Report Q1 Results: Wall Street Expects Earnings Growth

In the last three months, 4 analysts have published ratings on SEI Inv (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/SEIC#NASDAQ">SEIC</a>), offering a diverse range of perspectives from bullish to bearish.
The table below provides a concise overview of recent ratings by analysts, offering insights into the changing sentiments over the past 30 days and drawing comparisons with the preceding months for a holistic perspective.
<table>
<thead>
<tr>
<th></th>
<th style="text-align: right;">Bullish</th>
<th style="text-align: right;">Somewhat Bullish</th>
<th style="text-align: right;">Indifferent</th>
<th style="text-align: right;">Somewhat Bearish</th>
<th style="text-align: right;">Bearish</th>
</tr>
</thead>
<tbody>
<tr>
<td>Total Ratings</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">3</td>
<td style="text-align: right;">1</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
</tr>
<tr>
<td>Last 30D</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">1</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
</tr>
<tr>
<td>1M Ago</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">2</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
</tr>
<tr>
<td>2M Ago</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
</tr>
<tr>
<td>3M Ago</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">1</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
</tr>
</tbody>
</table>
Analysts provide deeper insights through their assessments of 12-month price targets, revealing an average target of $75.5, a high estimate of $80.00, and a low estimate of $72.00. Observing a 5.23% increase, the current average has risen from the previous average price target of $71.75. 
<img src="https://www.benzinga.com/files/images/story/2024/1712761256_0.png" alt="price target chart" />
<h2>Investigating Analyst Ratings: An Elaborate Study</h2>
A comprehensive examination of how financial experts perceive SEI Inv is derived from recent analyst actions. The following is a detailed summary of key analysts, their recent evaluations, and adjustments to ratings and price targets.
<table>
<thead>
<tr>
<th>Analyst</th>
<th>Analyst Firm</th>
<th>Action Taken</th>
<th>Rating</th>
<th>Current Price Target</th>
<th>Prior Price Target</th>
</tr>
</thead>
<tbody>
<tr>
<td>Crispin Love</td>
<td>Piper Sandler</td>
<td>Raises</td>
<td>Neutral</td>
<td>$72.00</td>
<td>$66.00</td>
</tr>
<tr>
<td>Owen Lau</td>
<td>Oppenheimer</td>
<td>Raises</td>
<td>Outperform</td>
<td>$80.00</td>
<td>$77.00</td>
</tr>
<tr>
<td>Owen Lau</td>
<td>Oppenheimer</td>
<td>Raises</td>
<td>Outperform</td>
<td>$77.00</td>
<td>$73.00</td>
</tr>
<tr>
<td>Owen Lau</td>
<td>Oppenheimer</td>
<td>Raises</td>
<td>Outperform</td>
<td>$73.00</td>
<td>$71.00</td>
</tr>
</tbody>
</table>
<h3>Key Insights:</h3>
<ul>
<li>Action Taken: Analysts adapt their recommendations to changing market conditions and company performance. Whether they 'Maintain', 'Raise' or 'Lower' their stance, it reflects their response to recent developments related to SEI Inv. This information provides a snapshot of how analysts perceive the current state of the company.</li>
<li>Rating: Analysts assign qualitative assessments to stocks, ranging from 'Outperform' to 'Underperform'. These ratings convey the analysts' expectations for the relative performance of SEI Inv compared to the broader market.</li>
<li>Price Targets: Analysts predict movements in price targets, offering estimates for SEI Inv's future value. Examining the current and prior targets offers insights into analysts' evolving expectations.</li>
</ul>
For valuable insights into SEI Inv's market performance, consider these analyst evaluations alongside crucial financial indicators. Stay well-informed and make prudent decisions using our Ratings Table.
<a href="https://www.benzinga.com/quote/SEIC/analyst-ratings?utm_source=Benzinga Insights">Stay up to date on SEI Inv analyst ratings.</a>
<h2>Get to Know SEI Inv Better</h2>
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 about $99 billion in assets under management. As of December 2023, SEI (including LSV) manages, administers, or advises about $1.4 trillion in assets.
<h3>Understanding the Numbers: SEI Inv's Finances</h3>
Market Capitalization Analysis: Positioned below industry benchmarks, the company's market capitalization faces constraints in size. This could be influenced by factors such as growth expectations or operational capacity.
Revenue Growth: SEI Inv displayed positive results in 3 months. As of 31 December, 2023, the company achieved a solid revenue growth rate of approximately 6.19%. This indicates a notable increase in the company's top-line earnings. In comparison to its industry peers, the company trails behind with a growth rate lower than the average among peers in the Financials sector.
Net Margin: SEI Inv's net margin lags behind industry averages, suggesting challenges in maintaining strong profitability. With a net margin of 24.9%, the company may face hurdles in effective cost management.
Return on Equity (ROE): SEI Inv's ROE excels beyond industry benchmarks, reaching 5.73%. This signifies robust financial management and efficient use of shareholder equity capital.
Return on Assets (ROA): SEI Inv's ROA stands out, surpassing industry averages. With an impressive ROA of 4.91%, the company demonstrates effective utilization of assets and strong financial performance.
Debt Management: SEI Inv's debt-to-equity ratio is below the industry average at 0.01, reflecting a lower dependency on debt financing and a more conservative financial approach.
<h2>What Are Analyst Ratings?</h2>
Analyst ratings serve as essential indicators of stock performance, provided by experts in banking and financial systems. These specialists diligently analyze company financial statements, participate in conference calls, and engage with insiders to generate quarterly ratings for individual stocks.
Some analysts publish their predictions for metrics such as growth estimates, earnings, and revenue to provide additional guidance with their ratings. When using analyst ratings, it is important to keep in mind that stock and sector analysts are also human and are only offering their opinions to investors.
This article was generated by Benzinga's automated content engine and reviewed by an editor.

The Latest Analyst Ratings For SEI Inv

Piper Sandler analyst Crispin Love maintains SEI Inv (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/SEIC#NASDAQ">SEIC</a>) with a Neutral and raises the price target from $66 to $72.

Oppenheimer analyst Owen Lau maintains SEI Inv (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/SEIC#NASDAQ">SEIC</a>) with a Outperform and raises the price target from $77 to $80.

Oppenheimer Maintains Outperform on SEI Inv, Raises Price Target to $80

A substantial insider sell was reported on April 1, by Alfred P. West Jr.,, Executive Chairman at SEI Inv (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/SEIC#NASDAQ">SEIC</a>), based on the recent SEC filing.
What Happened: According to a Form 4 filing with the <a href="https://www.sec.gov/Archives/edgar/data/0000350894/000035089424000055//Archives/edgar/data/350894/000035089424000055/0000350894-24-000055-index.htm">U.S. Securities and Exchange Commission</a> on Monday, Jr., sold 19,363 shares of SEI Inv. The total transaction value is $1,396,846.
Tracking the Monday's morning session, SEI Inv shares are trading at $71.9, showing a down of 0.0%.
<h3>Get to Know SEI Inv Better</h3>
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 about $99 billion in assets under management. As of December 2023, SEI (including LSV) manages, administers, or advises about $1.4 trillion in assets.
<h3>Breaking Down SEI Inv's Financial Performance</h3>
Revenue Growth: SEI Inv's remarkable performance in 3 months is evident. As of 31 December, 2023, the company achieved an impressive revenue growth rate of 6.19%. This signifies a substantial increase in the company's top-line earnings. As compared to competitors, the company encountered difficulties, with a growth rate lower than the average among peers in the Financials sector.
Evaluating Earnings Performance:
<ul>
<li>
Gross Margin: With a low gross margin of 50.48%, the company exhibits below-average profitability, signaling potential struggles in cost efficiency compared to its industry peers.
</li>
<li>
Earnings per Share (EPS): SEI Inv's EPS is below the industry average, signaling challenges in bottom-line performance with a current EPS of 0.92.
</li>
</ul>
Debt Management: With a below-average debt-to-equity ratio of 0.01, SEI Inv adopts a prudent financial strategy, indicating a balanced approach to debt management.
Insights into Valuation Metrics:
<ul>
<li>
Price to Earnings (P/E) Ratio: The P/E ratio of 20.78 is lower than the industry average, implying a discounted valuation for SEI Inv's stock.
</li>
<li>
Price to Sales (P/S) Ratio: The current P/S ratio of 5.01 is below industry norms, suggesting potential undervaluation and presenting an investment opportunity for those considering sales performance.
</li>
<li>
EV/EBITDA Analysis (Enterprise Value to its Earnings Before Interest, Taxes, Depreciation &amp; Amortization): With an impressive EV/EBITDA ratio of 12.86, SEI Inv demonstrates exemplary market valuation, surpassing industry averages.
</li>
</ul>
Market Capitalization Analysis: Below industry benchmarks, the company's market capitalization reflects a smaller scale relative to peers. This could be attributed to factors such as growth expectations or operational capacity.
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<h3>Uncovering the Importance of Insider Activity</h3>
While insider transactions provide valuable information, they should be part of a broader analysis in making investment decisions.
Considering the legal perspective, an "insider" is defined as any officer, director, or beneficial owner holding more than ten percent of a company's equity securities, according to Section 12 of the Securities Exchange Act of 1934. This includes executives in the c-suite and major hedge funds. These insiders are mandated to disclose their transactions through a Form 4 filing, to be submitted within two business days of the transaction.
Pointing towards optimism, a company insider's new purchase signals their positive anticipation for the stock to rise.
Nevertheless, insider sells may not necessarily indicate a bearish view and can be influenced by various factors.
<h3>A Deep Dive into Insider Transaction Codes</h3>
<a href="https://www.benzinga.com/money/investing-tools">Investors</a> prefer focusing on transactions that take place in the open market, indicated in Table I of the Form 4 filing. A P in Box 3 indicates a purchase, while S indicates a sale. Transaction code C indicates the conversion of an option, and transaction code A indicates grant, award or other acquisition of securities from the company.
<a href="https://www.benzinga.com/sec/insider-trades/search/index?company_cik=0000350894">Check Out The Full List Of SEI Inv's Insider Trades.</a>
This article was generated by Benzinga's automated content engine and reviewed by an editor.

Alfred P. West Jr., Takes Money Off The Table, Sells $1.40M In SEI Inv Stock

Piper Sandler analyst Crispin Love maintained a Hold rating on SEI Investments Company (SEIC – Research Report) today and set a price target of $71...

Piper Sandler Reaffirms Their Hold Rating on SEI Investments Company (SEIC)

In a report released today, Owen Lau from Oppenheimer maintained a Buy rating on SEI Investments Company (SEIC – Research Report), with a price tar...

SEI Investments Company (SEIC) Gets a Buy from Oppenheimer

In a report released today, Ryan Kenny from Morgan Stanley maintained a Sell rating on SEI Investments Company (SEIC – Research Report), with a pri...

SEI Investments Company (SEIC) Receives a Sell from Morgan Stanley

With the growing demand for efficient tracking of assets, changing consumer preferences, and availability of digital solutions, the asset management industry is positioned for robust growth. Given this backdrop, analysts expect asset management stocks Federated Hermes, Inc. (FHI), Janus Henderson Group (JHG), and SEI Investments Company (SEIC) to soar this year. Read on... The asset management industry is evolving and growing significantly owing to the increasing demand for asset management in developing countries, technological innovations, and consciousness among consumers seeking investment alternatives for diversification.
Given the industry's bright prospects, fundamentally sound asset management stocks Federated Hermes, Inc. (<a href="https://stocknews.com/stock/FHI/">FHI</a>), Janus Henderson Group plc (<a href="https://stocknews.com/stock/JHG/">JHG</a>), and SEI Investments Company (<a href="https://stocknews.com/stock/SEIC/">SEIC</a>) could be worth your attention amid favorable price targets.
With a rapidly evolving asset &amp; wealth management industry, technological integration, changing demographics, and evolving investor preference, the <a href="https://www.statista.com/outlook/fmo/wealth-management/worldwide">global assets under management in the wealth management market</a> is growing rapidly. The global assets under management is forecasted to reach $128.90 trillion in 2024 and grow to $158.70 trillion by 2028.
The global asset management market is expanding with the high demand for optimal asset utilization, a requirement for efficient tracking and management of assets, and a desire to minimize maintenance downtime. The global asset management market is expected to reach $10.48 trillion by 2033, <a href="https://www.precedenceresearch.com/asset-management-market">expanding at a CAGR of 35.4%</a>.
Further, <a href="https://www.alliedmarketresearch.com/digital-asset-management-market">digital technologies have contributed vastly</a> to the strong growth of the industry with evolving government compliance requirements and the need for collaborative digital workflow, especially in marketing activities. This has resulted in the increased adoption of advanced digital asset management solutions.
Also, the increasing adoption of cloud-based DAM solutions, the rise in e-commerce and digital marketing, and the expansion of AI and machine learning propel the prospects of the digital asset management market.
Considering the encouraging market trends, let's delve into the fundamentals of the top three <a href="https://stocknews.com/category/asset-management/">Asset Management</a> stocks, beginning with the third choice.
Stock #3: Federated Hermes, Inc. (<a href="https://stocknews.com/stock/FHI/">FHI</a>)
FHI is a publicly owned investment manager which provides its services to individuals, banking or thrift institutions, investment companies, and other various organizations. It manages separate client-focused equity, fixed income, balanced and money market mutual funds and separate client-focused equity, fixed income, money market, and balanced portfolios.
On July 31, FHI launched four actively managed ETFs that take a quantitative approach to stock selection. The newly launched products offer investors another way to access the disciplined Federated Hermes MDT investment process, crafted and refined for more than 30 years and now available in an ETF structure.
On July 25, FHI's Board of Directors declared a dividend of $0.31 per share. The dividend is payable on Aug 15, 2024 to shareholders of record as of Aug 8, 2024.
FHI pays an annual dividend of $1.16, which translates to a yield of 2.60% at the current share price. Its four-year average dividend yield is 1.97%. Moreover, the company's dividend payouts have increased at a CAGR of 17.4% over the past three years. Kroger has raised its dividends for 16 consecutive years.
For the second quarter that ended June 30, 2024, FHI reported total revenue of $402.58 million, of which its Administrative service fees, net—affiliates revenue increased 11.9% from the year-ago value to $95.35 million. The company's net income and <a href="https://www.investopedia.com/terms/e/eps.asp">EPS</a> came in at $21.03 million and $0.20 for the quarter, respectively.
Analysts expect FHI's revenue and EPS for the third quarter (ending September 2024) to increase 1.3% and 7.1% year-over-year to $407.80 million and $0.92, respectively. Further, the company has surpassed the consensus EPS estimates in each of the trailing four quarters, which is impressive.
Over the past year, FHI's stock has gained 1% to close the last trading session at $32.49. Wall Street analysts expect the stock to reach $37 in the upcoming 12 months, indicating a <a href="https://www.tipranks.com/stocks/fhi/forecast">potential upside of 13.9%</a>.
FHI's bright outlook is reflected in its <a href="https://stocknews.com/powr-ratings/">POWR Ratings</a>. The POWR Ratings are calculated by considering 118 different factors, each weighted to an optimal degree.
The stock has a B grade for Quality. Within the <a href="https://stocknews.com/category/asset-management/">Asset Management</a> industry, FHI is ranked #13 out of 51 stocks.
<a href="https://stocknews.com/stock/FHI/">Click here</a> to access additional ratings of FHI (Growth, Value, Sentiment, Stability, and Momentum).
Stock #2: Janus Henderson Group plc (<a href="https://stocknews.com/stock/JHG/">JHG</a>)
JHG is an asset management holding entity. The firm offers services to institutional, retail clients, and high net worth clients. It manages separate client-focused equity and fixed income portfolios.
On July 31, JHG's Board declared a second quarter dividend in respect of the three months ended June 30, 2024, of $0.39 per share. Shareholders on the register on the record date of August 12, 2024, will be paid the dividend on August 28, 2024.
JHG pays an annual dividend of $1.56, which translates to a yield of 4.61% at the current share price. Its four-year average dividend yield is 5.17%. Moreover, the company's dividend payouts have increased at a CAGR of 2.2% over the past three years.
On July 1, JHG announced that it received all necessary regulatory approvals and completed the acquisition of Tabula Investment Management. The strategic acquisition enabled JHG to respond to client demand globally for its investment strategies and positioned it as a trusted player in the European ETF market.
During the second quarter that ended on June 30, 2024, JHG's total revenue increased 13.9% year-over-year to $588.40 million. Its adjusted operating income grew 35.5% from the year-ago value to $164.70 million. Adjusted net income attributable to JHG and EPS of $135.20 million and $0.85, indicates increases of 32.5% and 37.1% from the prior year's quarter, respectively.
Moreover, the company's cash and cash equivalents and total assets stood at $1.01 billion and $6.41 billion as of June 30, 2024.
Analysts expect JHG's revenue for the third quarter (ending September 2024) to increase 13.2% year-over-year to $589.77 million, and its EPS is expected to grow 19.1% year-over-year to $0.76 for the same quarter. Furthermore, the company has topped the consensus EPS estimates in all of the trailing four quarters.
The stock has surged 13.3% over the past six months and 22.8% over the past year to close the last trading session at $33.84. Moreover, its 12-month price target of $37.80 reflects an <a href="https://www.tipranks.com/stocks/jhg/forecast">11.7% potential upside</a>.
JHG's POWR Ratings reflect its bright prospects. The stock has an overall grade of B, translating to a Buy in our proprietary rating system.
JHG has a B grade for Growth. It is ranked #8 among 51 stocks within the Asset Management industry.
To see the other ratings of JHG for Sentiment, Quality, Value, Stability, and Momentum, <a href="https://stocknews.com/stock/JHG/">click here</a>.
Stock #1: SEI Investments Company (<a href="https://stocknews.com/stock/SEIC/">SEIC</a>)
SEIC is a publicly owned asset management holding company which provides wealth management, retirement and investment solutions, asset management, asset administration, investment processing outsourcing solutions, financial services, and investment advisory services to its clients.
On July 30, SEIC and Canoe Intelligence expanded their relationship through an enhanced integration that automates the transmission of private equity and hedge fund valuations, and private equity call and distribution data, enhancing operational efficiency for family offices using the SEI Archway PlatformSM.
On April 2, SEIC introduced a range of enhancements to its Separately Managed Account (SMA) and Unified Managed Account (UMA) solutions offered through the Managed Account Solutions program, which consist launch of additional internally-managed and third-party investment options, reduced costs, and technology updates that bolster tax optimization.
The enhancements have been designed to help advisors better serve mass-affluent, high-net-worth, and ultra-high-net-worth investors.
For the second quarter that ended June 30, 2024, SEIC's total revenue rose 6.1% year-over-year to $518.99 million. Its income from operations grew 21.2% from the year-ago value to $136.51 million. The company's net income and EPS came in at $139.12 million and $1.05, reflecting increases of 17% and 18% from the prior year's quarter, respectively.
Street expects SEIC's EPS for the third quarter (ending September 2024) to increase 20.7% year-over-year to $1.05. The company's revenue is expected to grow 11.1% year-over-year to $529.78 million for the current quarter. Moreover, the company surpassed the consensus EPS estimates in all four trailing quarters.
Shares of SEIC have gained marginally over the past year to close the last trading session at $63.10. Wall Street analysts expect the stock to reach $73.75 in the upcoming 12 months, indicating a <a href="https://www.tipranks.com/stocks/seic/forecast">potential upside of 16.9%</a>.
SEIC's sound fundamentals are reflected in its POWR Ratings. The stock has an overall rating of B, which translates to a Buy in our proprietary rating system.
SEIC has a B grade for Quality and Stability. It is ranked #5 among 51 stocks in the same industry.
In addition to the POWR Ratings we've stated above, we also have SEIC's ratings for Value, Momentum, Sentiment, and Growth. Get all SEIC ratings <a href="https://stocknews.com/stock/SEIC/">here</a>.
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&nbsp;

<hr />
SEIC shares . Year-to-date, SEIC has gained 1.28%, versus a 10.55% rise in the benchmark S&amp;P 500 index during the same period.
<hr><div style="clear:both;"></div> <h2>About the Author: Rjkumari Saxena</h2> <img src='https:/wp-content/uploads/2024/04/Rajkumari-Saxena_Image-1.jpeg' style="float:left; padding:5px;width:125px;">Rajkumari started her career as a writer but gradually shifted her focus to financial journalism, leveraging her educational background in Commerce. Fascinated by the interplay of business and economic shifts in equities, she aspires to evolve as an analyst. With a knack for simplifying complex financial concepts, her mission is to empower investors with insights that lead to profitable decisions.<a href="https://stocknews.com/authors/?author=rajkumari-saxena">More...</a>The post <a href=https://stocknews.com/news/seic-jhg-fhi-3-asset-management-stocks-analysts-expect-to-surge-in-2024/>3 Asset Management Stocks Analysts Expect to Surge in 2024</a> appeared first on <a href=https://stocknews.com/>StockNews.com</a>

3 Asset Management Stocks Analysts Expect to Surge in 2024

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With the asset management industry set to double by next year, adding fundamentally sound stocks like SEI Investments (SEIC), Crescent Capital (CCAP), and Vinci Partners Investments (VINP) to one's portfolio could be wise. Read on… With high-net-worth individuals and the mass affluent seeing their wealth surge, coupled with a growing shift toward defined contribution retirement plans, the Asset &amp; Wealth Management sector is booming. Thus, it seems wise to scoop up shares of SEI Investments Company (<a href="https://stocknews.com/stock/SEIC/">SEIC</a>), Crescent Capital BDC, Inc. (<a href="https://stocknews.com/stock/CCAP/">CCAP</a>), and Vinci Partners Investments Ltd. (<a href="https://stocknews.com/stock/VINP/">VINP</a>) for robust gains this year.
The future of asset management looks bright, with assets under management (AuM) expected to <a href="https://www.pwc.com/ng/en/press-room/global-assets-under-management-set-to-rise.html#:~:text=The%20burgeoning%20wealth%20of%20high,the%20Asset%20%26%20Wealth%20Management%20industry.">nearly double by 2025</a>. From a solid $84.90 trillion in 2016, this figure is projected to reach $145.40 trillion, driven by robust growth in developing markets across Latin America and Asia Pacific.
A mix of rising high-net-worth individuals, the growing popularity of passive investing through ETFs, and the integration of artificial intelligence in portfolio management is driving the growth of asset management companies. Moreover, AI is transforming how asset managers analyze data and make decisions, while the increasing demand for alternative investments is expanding the range of options available to investors.
Additionally, firms are investing heavily in technological advancements like AI, augmented reality (AR), and the Internet of Things (IoT), which are enhancing operational efficiency and extending the lifespan of assets. This tech-driven evolution is not only streamlining operations but also optimizing resource utilization, leading to improved profits and returns on investment.
Considering this encouraging outlook, let's look at the fundamentals of the three <a href="https://stocknews.com/category/asset-management/">Asset Management</a> stocks in detail:
Stock #3: Crescent Capital BDC, Inc. (<a href="https://stocknews.com/stock/CCAP/">CCAP</a>)
CCAP is a business development company that maximizes shareholder returns through current income and capital appreciation. It provides capital solutions to U.S. middle-market companies with solid business fundamentals and growth potential. The company primarily invests in secured debt such as first lien, unitranche first lien, second-lien debt, and unsecured debt, including mezzanine and subordinated debt, along with related equity securities.
In terms of trailing-12-month, CCAP's gross profit margin of 100% is 66.4% higher than the industry average of 60.10%. Its trailing-12-month net income margin of 51.60% is 130.3% higher than the industry average of 22.40%. Furthermore, its trailing-12-month ROTA of 6.09% is considerably above the industry average of 1.06%.
CCAP's total investment income for the first quarter (ended June 30, 2024) increased 4.7% year-over-year to $48.95 million. Its net investment income grew 5.5% from the year-ago value to $21.70 million and $0.59 per share. As of June 30, 2024, the company's <a href="https://www.investopedia.com/terms/c/cashandcashequivalents.asp">cash and cash equivalents</a> came in at $11.02 million, up 41.6% from $7.78 million recorded on December 31, 2023.
Street expects CCAP's revenue for the third quarter (ending September 2024) to increase marginally from the year-ago value to $48.63 million. However, its EPS estimate of $0.57 for the same period represents a decline of 3.1% year-over-year. Nonetheless, CCAP has surpassed the consensus EPS and revenue estimates in each of the trailing four quarters.
Over the past year, the stock has gained 12.5%, closing the last trading session at $18.34.
CCAP's mixed fundamentals are reflected in its <a href="https://stocknews.com/powr-ratings/">POWR Ratings</a>. It has a B grade for Sentiment. The POWR Ratings assess stocks by 118 different factors, each with its own weighting.
Among 48 stocks in the <a href="https://stocknews.com/category/asset-management/">Asset Management</a> industry, it is ranked #5. To see additional POWR Ratings (Growth, Value, Momentum, Stability, and Quality) for CCAP, <a href="https://stocknews.com/stock/CCAP/">click here</a>.
Stock #2: SEI Investments Company (<a href="https://stocknews.com/stock/SEIC/">SEIC</a>)
SEIC furnishes clients with wealth management, retirement and investment solutions, asset administration, and investment processing outsourcing solutions. It also delivers financial and investment advisory services, demonstrating expertise in launching and managing equity, fixed-income, and balanced mutual funds.
SEIC's trailing-12-month gross profit margin of 78.38% is 30.4% higher than the 60.10% industry average. Similarly, its 26.42% trailing-12-month EBITDA margin is 18.1% above the 22.38% industry average. In addition, the stock's trailing-12-month ROCE of 23.74% favorably compares to the industry average of 10.31%.
For the fiscal 2024 second quarter that ended June 30, SEIC's total revenues increased 6% year-over-year to $518.99 million. Its income from operations rose 21.2% from the year-ago value to $136.51 million. Additionally, the company's net income and earnings per common share grew 17.1% and 18% from the prior year's period to $139.12 million and $1.05, respectively.
Analysts expect SEIC's revenue to increase 11.1% year-over-year to $529.78 million for the fiscal third quarter ending September 2024. The company's EPS for the ongoing quarter is expected to be $1.05, up 20.7% from the prior year. It's no surprise that SEIC surpassed the consensus EPS estimates in each of the trailing four quarters.
The stock has gained 11.3% over the past nine months to close the last trading session at $66.34.
SEIC's robust outlook is apparent in its POWR Ratings. The stock has an overall rating of B, which equates to Buy in our proprietary rating system.
It also has a B grade for Stability and Quality. It is ranked #4 out of 48 stocks within the Asset Management industry. <a href="https://stocknews.com/stock/SEIC/">Click here</a> to see the other SEIC ratings for Growth, Value, Momentum, and Sentiment.
Stock #1: Vinci Partners Investments Ltd. (<a href="https://stocknews.com/stock/VINP/">VINP</a>)
VINP is a Brazil-based investment management firm engaged in asset and wealth management. It offers a range of investment products and solutions, including private and public equities, real estate, credit, infrastructure, and hedge funds. The company also provides financial advisory services, primarily focused on pre-IPO and mergers and acquisitions (M&amp;A) for middle-market companies.
The stock's trailing-12-month gross profit and EBITDA margins of 100% and 43.31% are 66.4% and 93.6% higher than the industry averages of 60.10% and 22.38%, respectively. Likewise, its 6.97% trailing-12-month ROTA compares favorably to the 1.06% industry average.
During the second quarter (ended June 28, 2024), VINP's total net revenues from services rendered increased 12% year-over-year to R$131.23 million ($23.36 million). Its operating profit grew 15.8% from the year-ago value to R$65.01 million ($11.57 million). Also, the company's adjusted distributable earnings for the quarter amounted to R$58.40 million ($10.39 million) and R$0.07 per share.
Analysts expect VINP's EPS to increase 15.5% year-over-year to $0.16 for the current quarter (ending September 2024), while its revenue is expected to come in at $20.07 million in the same period. For the fiscal year 2025, its EPS and revenue are anticipated to register a year-over-year growth of 28.6% and 26.3%, respectively.
Shares of VINP have gained marginally over the past month, closing the last trading session at $10.22.
VINP's sound prospects are reflected in its POWR Ratings. The stock has an overall rating of B, which translates to Buy in our proprietary rating system.
VINP has a B grade for Stability, Sentiment, and Quality. It is ranked #3 within the same industry. <a href="https://stocknews.com/stock/VINP/">Click here</a> to access the additional VINP ratings (Growth, Value, and Momentum).
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<hr />
SEIC shares were trading at $65.42 per share on Friday afternoon, down $0.92 (-1.39%). Year-to-date, SEIC has gained 3.67%, versus a 14.53% rise in the benchmark S&amp;P 500 index during the same period.
<hr><div style="clear:both;"></div> <h2>About the Author: Shweta Kumari</h2> <img src='https:/wp-content/uploads/2022/03/Shweta-Kumari_Image-2.jpg' style="float:left; padding:5px;width:125px;">Shweta's profound interest in financial research and quantitative analysis led her to pursue a career as an investment analyst. She uses her knowledge to help retail investors make educated investment decisions.<a href="https://stocknews.com/authors/?author=shweta-kumari">More...</a>The post <a href=https://stocknews.com/news/seic-ccap-vinp-3-top-rated-asset-management-stocks-to-add-to-your-portfolio/>3 Top-Rated Asset Management Stocks to Add to Your Portfolio</a> appeared first on <a href=https://stocknews.com/>StockNews.com</a>

3 Top-Rated Asset Management Stocks to Add to Your Portfolio

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Analysts have been eager to weigh in on the Financial sector with new ratings on American Express (AXP – Research Report) and SEI Investments Compa...

Analysts Offer Insights on Financial Companies: American Express (AXP) and SEI Investments Company (SEIC)

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