OAKS, PA—William Doran, a director at SEI Investments Co. (NASDAQ:), just lately executed a sale of 5,000 shares of the corporate’s frequent inventory. The transaction, which happened on November 26, 2024, was performed at a worth of $81.80 per share, totaling roughly $409,000.
Following this sale, Doran retains possession of 661,386 shares within the firm. The transaction was disclosed in a submitting with the Securities and Alternate Fee, underscoring the continued administration of inventory holdings by firm insiders.
In different latest information, SEI Investments has been making headlines with its robust monetary efficiency. The corporate’s latest quarterly outcomes surpassed estimates, with earnings per share (EPS) reaching $1.19, largely because of higher-than-expected income within the Non-public Banking & Belief and Funding Advisors segments. This constructive efficiency has led to changes in worth targets by each Piper Sandler and Oppenheimer, which have elevated their targets to $77 and $85 respectively, whereas sustaining their impartial and outperform rankings on the inventory.
SEI Investments additionally reported a record-breaking quarter for gross sales occasions, totaling $46 million. The corporate’s income from the Federal Deposit Insurance coverage Company (FDIC) money program is projected to double within the fourth quarter because of enhancements that elevated the money sweep.
Moreover, SEI Investments’ property below administration, administration, and advisement reached new highs, contributing to important top-line development and efficient expense administration. The corporate’s robust stability sheet with no debt and $900 million in money additional underscores its monetary stability. These latest developments provide a glimpse into the corporate’s sturdy development and monetary well being.
InvestingPro Insights
SEI Investments Co. (NASDAQ:SEIC) has been demonstrating robust monetary efficiency, which provides context to the latest insider transaction. In keeping with InvestingPro knowledge, the corporate’s inventory is buying and selling close to its 52-week excessive, with a worth at 99.3% of its peak. This energy is mirrored within the spectacular 44.95% complete return over the previous yr.
The corporate’s monetary well being seems sturdy, with a market capitalization of $10.63 billion and a P/E ratio of 19.7, suggesting an inexpensive valuation relative to earnings. SEI’s income development of 8.53% over the past twelve months and a powerful quarterly income development of 12.72% in Q3 2024 point out constructive enterprise momentum.
InvestingPro Ideas spotlight SEI’s dedication to shareholder returns. The corporate has maintained dividend funds for 37 consecutive years and has raised its dividend for 10 consecutive years. This constant dividend coverage, coupled with a present dividend yield of 1.12%, could also be engaging to income-focused traders.
Moreover, SEI’s monetary stability is underscored by the truth that its liquid property exceed short-term obligations, and money flows can sufficiently cowl curiosity funds. These elements contribute to the corporate’s total monetary well being and should present reassurance to traders in gentle of the insider sale.
For readers excited by a extra complete evaluation, InvestingPro gives 11 extra suggestions for SEI Investments Co., offering deeper insights into the corporate’s monetary place and market efficiency.
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