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1. Company Snapshot

1.a. Company 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.

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1.b. Last Insights on SEIC

SEI Investments Company's recent performance was positively driven by strong Q4 2025 earnings, with EPS increasing 16% year-over-year, and revenue and operating income growing 9% and 11%, respectively. Assets under management (AUM) jumped 16% year-over-year, offsetting higher expenses tied to the Stratos deal. Analysts expect a 27% upside potential, citing an upward trend in earnings estimate revisions. Institutional investors, such as Corient Private Wealth LLC and Ashton Thomas Private Wealth LLC, have increased their stakes in the company. SEI's operating margin increased to 27% (Source: PRNewswire).

1.c. Company Highlights

2. SEI's Exceptional Q4 2025 Earnings: A Strong Finish to a Record Year

SEI's fourth-quarter 2025 earnings per share (EPS) came in at $1.38, surpassing analyst estimates of $1.34. This outstanding performance was driven by revenue growth and margin expansion across almost all business segments, capping off one of the strongest years in the company's 58-year history. Revenue growth was robust, and operating margin expanded by more than a full percentage point, highlighting the company's ability to execute its strategy effectively. With a reported EPS of $1.38, SEI demonstrated its capacity to deliver strong financial performance.

Publication Date: Feb -14

📋 Highlights
  • Record Q4 Earnings:: Earnings per share reached $1.38, the highest quarterly result in SEI’s 58-year history.
  • Private Banking Momentum:: Generated $28 million in net sales events, driven by two major new mandates.
  • AUM/AUA Growth:: AUM increased 2% from market appreciation, while AUA rose 3% due to strong win momentum.
  • Capital Allocation:: Spent $101 million on share repurchases in Q4, totaling $616 million for 2024 (6% of shares outstanding).
  • IMS Expansion:: Achieved $20 million in net sales events, reflecting structural demand for outsourcing and a 40% margin (adjusted for accruals).

Business Segment Performance

The private banking segment delivered a standout performance, posting $28 million in net sales events, driven by two significant new mandates. Asset management is also building traction, with IMS continuing to benefit from structural demand for outsourcing. The sales momentum generated in Q4 is expected to carry into 2026, driven by disciplined execution against the company's clear strategy. Phil McCabe, Head of IMS, noted that the pipeline is "really strong," and they're looking forward to a great 2026, indicating a positive outlook for the segment.

Capital Allocation and Share Repurchases

In terms of capital allocation, SEI repurchased $101 million of shares in Q4, bringing full-year share repurchases to $616 million, representing nearly 6% of total shares outstanding. The company also completed the largest component of the Stratos acquisition using balance sheet cash, ending the year with $400 million of cash and no debt. This strategic allocation of capital demonstrates SEI's commitment to returning value to shareholders and investing in growth opportunities.

Valuation and Outlook

SEI's current valuation multiples are reasonable, with a P/E Ratio of 13.43 and a P/B Ratio of 3.93. The company's ROE of 30.29% and ROIC of 17.05% indicate strong profitability. Analysts estimate revenue growth of 7.6% for the next year, suggesting a positive outlook for the company's top-line performance. With a solid track record of execution and a clear strategy, SEI is well-positioned for continued success.

Key Considerations for 2026

Investors should be aware of a few key considerations heading into 2026, including the potential impact of performance fees from LSV, which are typically highest in Q4 and lowest in Q1. Additionally, the gains on the LSV investment are unlikely to repeat at Q4 levels. However, with a strong pipeline and a focus on advisory services and technology partnerships, SEI is poised for continued growth and success in the coming year.

3. NewsRoom

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SEI Engages IBM to Accelerate Enterprise Transformation Through Agentic AI

Mar -09

Source: prnewswire.com

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SEI Investments Company (SEIC) Presents at 47th Annual Raymond James Institutional Investor Conference Transcript

Mar -03

Source: seekingalpha.com

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SEI Investments Company (NASDAQ:SEIC) Receives Average Rating of “Moderate Buy” from Brokerages

Feb -26

Source: defenseworld.net

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Pravati Capital Partners with SEI, Provides Advisors with Expanded Access To Litigation Finance as Alternative Investment

Feb -25

Source: businesswire.com

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SEI to Present at Raymond James 47th Annual Institutional Investors Conference

Feb -23

Source: prnewswire.com

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3 Investment Management Stocks to Invest in Despite Industry Woes

Feb -18

Source: zacks.com

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Crestwood Advisors Group LLC Has $4.14 Million Stock Holdings in SEI Investments Company $SEIC

Feb -18

Source: defenseworld.net

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SEI Investments Company (SEIC) Presents at UBS Financial Services Conference 2026 Transcript

Feb -10

Source: seekingalpha.com

4. Business Breakdown

4.a. Revenues by Country

4.b. Revenues by Segment

5. Expected revenues mid-term growth (3.61%)

6. Segments

Investment Managers

Expected Growth: 3.8%

SEI Investments Company's 3.8% growth is driven by Investment Managers' ability to attract and retain institutional clients, expand into new markets, and offer a diverse range of investment products. Additionally, their expertise in passive and active management, as well as their strong distribution channels, contribute to their growth.

Private Banks

Expected Growth: 3.5%

SEI Investments Company's private banking segment growth of 3.5% is driven by increasing demand for wealth management services, expansion into new markets, and strategic partnerships. Additionally, the company's focus on digital transformation, investment in technology, and talent acquisition have enhanced its operational efficiency and client experience, contributing to the growth.

Investment Advisors

Expected Growth: 3.2%

SEI Investments Company's 3.2% growth in Investment Advisors is driven by increasing demand for wealth management services, expansion into new markets, and strategic partnerships. Additionally, the company's investment in digital platforms and technology has enhanced its ability to attract and retain clients, contributing to the growth.

Institutional Investors

Expected Growth: 3.9%

SEI Investments Company's 3.9% growth is driven by increasing adoption of its investment management services among institutional investors, fueled by its expertise in providing customized solutions, strong investment performance, and expanding distribution channels. Additionally, the company's strategic acquisitions and partnerships have enhanced its capabilities, attracting more institutional clients and contributing to its growth.

Investments in New Businesses

Expected Growth: 4.5%

SEI Investments Company's 4.5% growth in investments in new businesses is driven by increasing demand for alternative investment solutions, expansion into new markets, strategic partnerships, and innovative product offerings. Additionally, the company's strong brand reputation, efficient operations, and effective risk management practices have contributed to its growth momentum.

7. Detailed Products

Institutional Group

Provides investment management services to institutional clients, including pension funds, foundations, and endowments.

Investment Manager Services

Offers a range of services to investment managers, including investment operations outsourcing, distribution, and practice management.

Investor Services

Provides investment processing, settlement, and custody services to individual investors, investment advisors, and financial institutions.

Private Wealth Management

Offers wealth management services to high-net-worth individuals and families, including investment management, financial planning, and estate planning.

TRUST 3000

A comprehensive investment processing and accounting system for investment managers and institutional investors.

SEI Wealth Platform

A fully integrated, end-to-end wealth management platform for investment advisors and financial institutions.

8. SEI Investments Company's Porter Forces

Forces Ranking

Threat Of Substitutes

SEI Investments Company operates in a highly competitive industry, and there are many substitutes available to customers. However, the company's strong brand reputation and diversified product offerings help to mitigate the threat of substitutes.

Bargaining Power Of Customers

SEI Investments Company's customers have some bargaining power due to the availability of alternative investment products. However, the company's strong relationships with its customers and its ability to provide customized solutions help to reduce the bargaining power of customers.

Bargaining Power Of Suppliers

SEI Investments Company has a diverse supplier base, and no single supplier has significant bargaining power. The company's strong relationships with its suppliers and its ability to negotiate favorable terms also reduce the bargaining power of suppliers.

Threat Of New Entrants

The threat of new entrants in the investment management industry is low due to the high barriers to entry, including regulatory requirements and the need for significant capital investments. SEI Investments Company's established brand and strong reputation also make it difficult for new entrants to gain traction.

Intensity Of Rivalry

The investment management industry is highly competitive, and SEI Investments Company faces intense competition from established players and new entrants. The company's ability to differentiate itself through its innovative products and services is critical to its success in this competitive environment.

9. SWOT Analysis

Strength

Weaknesses

Opportunities

Threats

10. Capital Structure

10.a. Balance Sheet

10.b. Weighted Average Cost of capital

Value
Debt Weight 1.18%
Debt Cost 3.95%
Equity Weight 98.82%
Equity Cost 9.06%
WACC 9.00%
Leverage 1.19%

11. Quality Control: SEI Investments Company passed 7 out of 9 key points

12.a Historical Valuation

12.b Price/Earnings Ratio

12.c Margin Valuation

12.d Peers Valuation

Peers Group Analysis

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Invesco

A-Score: 6.4/10

Value: 7.6

Growth: 2.9

Quality: 6.7

Yield: 7.0

Momentum: 8.5

Volatility: 6.0

1-Year Total Return ->

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Stock-Card
SEI Investments

A-Score: 6.0/10

Value: 3.9

Growth: 5.7

Quality: 9.2

Yield: 2.0

Momentum: 5.5

Volatility: 9.7

1-Year Total Return ->

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Affiliated Managers Group

A-Score: 5.7/10

Value: 4.2

Growth: 5.4

Quality: 7.7

Yield: 0.0

Momentum: 9.0

Volatility: 8.0

1-Year Total Return ->

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Franklin Resources

A-Score: 5.6/10

Value: 5.0

Growth: 2.8

Quality: 4.3

Yield: 8.0

Momentum: 5.5

Volatility: 8.0

1-Year Total Return ->

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Prospect Capital

A-Score: 5.5/10

Value: 6.5

Growth: 3.9

Quality: 4.7

Yield: 10.0

Momentum: 0.5

Volatility: 7.7

1-Year Total Return ->

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Stock-Card
Cohen & Steers

A-Score: 5.4/10

Value: 4.2

Growth: 3.3

Quality: 8.8

Yield: 7.0

Momentum: 1.5

Volatility: 7.3

1-Year Total Return ->

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Peers Metrics

12.e Scoring Insights

12.f DCF BETA

Parameters

Short Term Growth

Short term Time

Long-Term Growth

WACC

Target Price

80.02$

Current Price

80.02$

Potential

-0.00%

Expected Cash-Flows