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Dec 31, 2019
SEI Q4 2019 Earnings Report
SEI reported financial results for the fourth quarter of 2019, with diluted earnings per share of $0.84 compared to $0.73 in the same quarter of 2018.
Key Takeaways
SEI Investments Company reported a 4% increase in revenues and an 11% increase in net income for Q4 2019 compared to Q4 2018. Diluted earnings per share increased to $0.84 from $0.73 year-over-year.
Revenues from asset management, administration, and distribution fees increased primarily from higher assets under administration in the Investment Managers segment due to sales of new business and market appreciation.
Average assets under administration increased by $88.8 billion, or 15%, to $671.5 billion in Q4 2019 compared to $582.7 billion in Q4 2018.
Average assets under management, excluding LSV, increased by $20.8 billion, or 10%, to $239.2 billion in Q4 2019 compared to $218.4 billion in Q4 2018.
Earnings from LSV increased by $2.7 million, or 8%, to $39.1 million in Q4 2019 compared to $36.4 million in Q4 2018, driven by higher assets under management from market appreciation.
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
SEI's forward-looking statements include current expectations regarding revenue generation from sales events, business growth, the company's position in financial technology, and the potential for increased shareholder value.
Positive Outlook
- Revenue will be generated by sales events that occurred during the quarter.
- The growth and momentum of our businesses will continue.
- Our unique position across financial technology, operations and investments provide growth opportunities.
- Our investments will position us to take advantage of market opportunities.
- Our current initiatives will create growth opportunities that will lead to increased shareholder value.
Challenges Ahead
- Forward-looking statements are based on current beliefs and expectations of management.
- These statements are subject to significant risks and uncertainties.
- Many factors are beyond our control or are subject to change.
- The assumptions upon which we base our forward-looking statements could be inaccurate.
- Actual results could differ from those described in our forward-looking statements.
Revenue & Expenses
Visualization of income flow from segment revenue to net income