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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.
Revenue by Segment
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.
Revenue & Expenses
Visualization of income flow from segment revenue to net income
Historical Earnings Impact
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Avg. Return Before/After Earnings
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