Loading...
•
Dec 31, 2020
SEI Q4 2020 Earnings Report
SEI reported steady recovery from the pandemic’s impact and executed its long-term strategy.
Key Takeaways
SEI Investments Company announced its Q4 2020 financial results, with diluted earnings per share of $0.86 compared to $0.84 in Q4 2019. The company's investments and success in adding new clients have positioned it well for future growth.
Sales events in Q4 2020 totaled approximately $8.8 million and are expected to generate net annualized recurring revenues of approximately $4.9 million.
Average assets under administration increased by $108.2 billion, or 16%, to $779.7 billion in Q4 2020.
Average assets under management, excluding LSV, increased by $21.2 billion, or 9%, to $260.4 billion in Q4 2020.
The company repurchased 1.8 million shares of its common stock for $99.1 million during the fourth quarter 2020 at an average price of $54.36 per share.
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 company's forward-looking statements include expectations as to revenue generation from sales events, the rebound of business, strategic priorities, and the ability to capture growth opportunities and increase shareholder value.
Positive Outlook
- Revenue will be generated by sales events that occurred during the quarter.
- The business will rebound.
- Strategic priorities will be executed.
- Solutions position the company to capture growth opportunities.
- Shareholder value will increase.
Challenges Ahead
- The timing and success of client implementations and conversions may vary.
- The ability to expand relationships and revenue opportunities with new and existing clients is uncertain.
- The ability to leverage technologies and scale businesses may be limited.
- The repetition of one-time and transaction-based revenues during the quarter is not guaranteed.
- The success of strategic investments is subject to risks.
Revenue & Expenses
Visualization of income flow from segment revenue to net income