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Jun 30, 2021
SEI Q2 2021 Earnings Report
Reported positive markets, improving sales momentum and solid capital returns to shareholders.
Key Takeaways
SEI Investments Company announced financial results for the second-quarter 2021, with diluted earnings per share of $0.93 compared to $0.68 in the second-quarter of 2020. The company continues to invest in technology and solutions to deliver products and services to clients.
Revenues from Asset management, administration, and distribution fees increased primarily from higher assets under administration in our Investment Managers segment due to market appreciation and positive cash flows from new and existing clients.
Average assets under administration increased $185.4 billion, or 28%, to $858.2 billion in the second-quarter 2021, as compared to $672.8 billion during the second-quarter 2020.
Average assets under management, excluding LSV, increased $66.6 billion, or 29%, to $293.4 billion in the second-quarter 2021, as compared to $226.8 billion during the second-quarter 2020 primarily due to market appreciation.
Cash flow from operations was $188.4 million, or $1.31 per share, and free cash flow was $171.3 million during the second-quarter 2021.
SEI
SEI
SEI Revenue by Segment
Revenue by Segment
Investment Managers Revenue
CapyFin.comPrivate Banks Revenue
CapyFin.comInvestment Advisors Revenue
CapyFin.comInstitutional Investors Revenue
CapyFin.comInvestments in New Businesses Revenue
CapyFin.com Forward Guidance
The release contains forward-looking statements regarding revenue generation from sales events, sales momentum, investment in solutions, strategic priorities, and long-term success.
Positive Outlook
- revenue that we believe will be generated by sales events that occurred during the quarter and the timing of such realization
- whether we will have sales momentum
- whether we will be able to take advantage of increasing sales demand
- whether we will invest in the strength and expansion of our solutions
- our strategic priorities and commitments and the degree to which we will execute on them
Challenges Ahead
- our ability to capture the opportunities inherent in significant change
- the timing and success of client migrations, implementations and conversions
- our ability to expand our relationships and revenue opportunities with new and existing clients
- the timing of and our ability to integrate acquisition targets
- the degree to which M&A activity in the industries in which we compete will affect our sales
Revenue & Expenses
Visualization of income flow from segment revenue to net income