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3 Mid-Cap to Mega-Cap Stocks Have Announced Significant BuybacksSEI Investments NASDAQ: SEIC reported third-quarter 2026 revenue growth of 14% from a year earlier, while adjusted operating profit rose 25% and adjusted earnings per share increased 24%, as demand remained strong across its investment managers, private banking and advisor businesses.

Chief Executive Officer Ryan Hicke said the quarter reflected the company’s strategy of expanding client relationships beyond technology platforms into broader enterprise transformation, professional services, data and artificial intelligence initiatives. He said third-quarter adjusted EPS was nearly 50% above its level two years earlier.

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Net sales events totaled $47 million during the quarter, bringing the year-to-date total to $157 million. Hicke said that figure has already surpassed SEI’s previous record for annual sales events with one quarter remaining in the year.

Investment managers lead sales activity SEI’s Investment Managers Services, or IMS, business generated $32 million in net sales events, representing the largest contribution among the company’s segments. About one-third came from new clients and the remainder came from expansions with existing clients, according to Chief Financial and Chief Operating Officer Sean Denham.

Alternative asset managers accounted for nearly 90% of IMS sales events during the period. Phil McCabe, executive vice president and head of SEI’s Investment Managers business, said the company is seeing particular traction with first-time outsourcing clients, secondary-market strategies, collective investment trusts containing alternative investments, interval funds and private-credit managers.

McCabe said SEI has signed 14 managers that intend to offer alternative products in collective investment trusts. He also said the company’s newer transfer agency capabilities have enabled it to compete for interval-fund business that it had previously been unable to pursue.

SEI launched its retail transfer agency offering with its first client in July and has additional conversions scheduled in coming months, management said. Denham said the company expects combined transfer agency and fund administration revenue from the initiative to exceed $10 million on a run-rate basis by the end of next year. McCabe later said he believes that estimate could prove conservative.

IMS revenue and operating profit each increased 14% from the prior-year period. Excluding the impact of a higher incentive compensation accrual, operating profit would have risen 17%, Denham said.

Private banking and advisors post growth Private banking revenue increased 11% year over year and operating profit rose 38%. Denham attributed the performance to contributions from professional services, platform expansion and international asset management.

Private banking produced $13 million in sales events during the quarter, supported by demand for enterprise transformation programs, professional services, SEI Data Cloud capabilities and broader strategic client engagements. Nearly $3 million of those events came from asset management sales to U.K. intermediaries.

Sanjay Sharma, SEI International CEO and global head of private banking, said the company is increasingly seeking to provide banks with ongoing services beyond a platform conversion. He said clients are confronting technology, regulatory, compliance and AI-related changes that can create recurring opportunities for professional services, data and asset-management offerings.

The Advisors segment benefited from the acquisition of Stratos, which contributed $23 million of revenue and $4 million of operating profit in the quarter, including $7 million of amortization. Stratos generated $11.5 million of EBITDA, up 17% from the second quarter, and completed a tuck-in acquisition while onboarding several advisors, Denham said.

Excluding Stratos, Advisors revenue rose 10% and operating profit increased 7% from a year earlier. Higher market values and onboarding of previously won clients supported results. The company also said it sees succession and continuity opportunities among long-tenured Stratos and SEI advisors.

Institutional revenue declined 2% year over year, though it grew 1% from the second quarter. Michael Lane, executive vice president and head of asset management, said SEI is concentrating its institutional growth efforts on endowments, foundations and healthcare organizations.

Margins affected by incentive compensation Adjusted operating margins expanded 260 basis points from the prior year but declined 80 basis points sequentially. Denham said the company increased its incentive compensation accrual by $6 million because of its year-to-date performance and outlook, reducing third-quarter operating profit by $6 million and adjusted margin by about 100 basis points.

The increased accrual was described as a one-time third-quarter adjustment, although Denham said another roughly $1.5 million, representing 25% of the adjustment, would affect the fourth quarter. Excluding the third-quarter adjustment, operating profit would have risen approximately 4% sequentially and adjusted operating margin would have increased about 20 basis points.

GAAP net income also was reduced by $32.5 million in other expenses related to SEI’s mutual agreement with Stratos to terminate the planned acquisition of NSC, Stratos’ Mexican registered investment advisor business.

Asset management initiatives and capital deployment SEI ended the quarter with assets under management essentially flat from the second quarter, as limited market movement and slightly positive Advisor inflows largely offset modest Institutional outflows. Exchange-traded fund assets exceeded $9 billion, up from approximately $4 billion a year earlier.

Hicke said SEI is expanding its ETF lineup for distribution both on and off its platform, including active, fixed-income, equity and fund-of-fund strategies. He said management hopes the ETF business can double again next year, though he did not provide a formal forecast.

Assets under administration increased 4% sequentially, supported by funded IMS mandates and clients’ capital deployment. Assets managed by LSV declined 1%, as investment outperformance was offset by $5 billion in net outflows. Denham said the company expects that outflow figure to improve in the next quarter.

SEI ended the period with $400 million in cash after repurchasing $215 million of shares at an average price of $105. The company expects fourth-quarter repurchases to be similar to the third-quarter level and said its additional $800 million repurchase authorization provides capacity to remain active into 2027.

About SEI Investments (NASDAQ:SEIC)SEI Investments Company is a financial technology and investment services provider headquartered in Oaks, Pennsylvania. Founded in 1968, the company delivers technology, operations, and investment solutions that help financial institutions and investment professionals manage client assets and business processes.

SEI's offerings include wealth management and investment processing platforms, portfolio accounting, data management, compliance support, and outsourced middle- and back-office services.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to [email protected].

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SEI Investments Company (SEIC) Q3 2026 Earnings Call October 21, 2026 5:00 PM EDT

Company Participants

Bradley Burke - Director of Investor Relations
Ryan Hicke - CEO & Director
Sean Denham - Executive VP, CFO & COO
Michael Lane - Executive VP & Head of Asset Management
Phil McCabe - Executive VP & Global Head of SEI’s Investment Managers Business
Sanjay Sharma - Executive VP, CEO of SEI International & Global Head of Private Banking
Sneha Shah - Chief AI Strategist & Head of SEI Next

Conference Call Participants

Jeffrey Schmitt - William Blair & Company L.L.C., Research Division
Crispin Love - Piper Sandler & Co., Research Division
Alex Kramm - UBS Investment Bank, Research Division
Ryan Kenny - Morgan Stanley, Research Division
Patrick O'Shaughnessy - Raymond James & Associates, Inc., Research Division
Alexander Bond - Keefe, Bruyette, & Woods, Inc., Research Division
Daniel F. Welden - Wells Fargo Securities, LLC, Research Division

Presentation

Operator

Greetings. Welcome to SEI Third Quarter 2026 Earnings Call. [Operator Instructions] Please note, this conference is being recorded. I will now turn the conference over to Brad Burke, Head of Investor Relations and Treasurer. Thank you, sir. You may begin.

Bradley Burke
Director of Investor Relations

Thank you, and welcome, everyone, to SEI's Third Quarter 2026 Earnings Call. We appreciate you joining us today. On the call, we have Ryan Hicke, SEI's Chief Executive Officer; Sean Denham, our Chief Financial and Chief Operating Officer; and members of our executive management team, including Kristie Edling-Day, Michael Lane, Phil McCabe, Mike Peterson, Sneha Shah, Sanjay Sharma and Amy Sliwinski.

Before we begin, I'd like to point out that our earnings press release and the presentation accompanying today's call can be found under the Investor Relations section of our website at seic.com. This call is being webcast live, and a replay will be available on the Events and Webcast page of

, /PRNewswire/ -- SEI Investments Company (NASDAQ:SEIC) today announced financial results for the third quarter 2026. Relative to the third quarter 2025, EPS increased by 6%, and revenue and operating income grew by 14% and 24%, respectively, with operating margin increasing to 30%. On an adjusted basis, EPS and operating income grew 24% and 25%, respectively, with the adjusted operating margin increasing to 31%. In addition, on October 20, 2026, SEI's Board of Directors approved an increase in the stock repurchase program by an additional $800 million, increasing the available authorization under the program to approximately $926 million.

Consolidated Overview

(In thousands, except
earnings per share)

For the Three Months
Ended September 30,

For the Nine Months
Ended September 30,

2026

2025

%

2026

2025

%

U.S. GAAP Basis

Revenues

$662,043

$578,511

14 %

$1,925,843

$1,689,456

14 %

Income from operations

197,999

159,961

24 %

584,501

465,693

26 %

Operating margin

30 %

28 %

7 %

30 %

28 %

7 %

Net income attributable
to SEI Investments

168,258

164,204

2 %

538,403

542,804

(1) %

Diluted earnings per share

$1.38

$1.30

6 %

$4.37

$4.25

3 %

Non-GAAP Basis(1)

Adjusted income from
operations

$208,493

$166,896

25 %

$614,127

$480,054

28 %

Adjusted diluted earnings
per share

$1.64

$1.32

24 %

$4.73

$3.71

27 %

Adjusted operating margin

31 %

29 %

7 %

32 %

28 %

14 %

(1) See Non-GAAP Information and Reconciliations on pgs 11-12

"SEI's third-quarter results reinforce our confidence in the strategy and operating model we have put in place. Our growth is broad-based, our client relationships are becoming deeper and more strategic, and our year-to-date sales results have already surpassed the highest full-year total in SEI's history," said CEO Ryan Hicke.

"We are increasingly engaging with clients not as a vendor, but as a growth and transformation partner, bringing together our technology, operations, data, investment solutions, and expertise to help them achieve their most important business objectives. We remain focused on executing with discipline, investing where we can create differentiated value, and building a more scalable business that can deliver durable growth for our clients and shareholders."

Summary of Third-Quarter Results by Business Segment

(In thousands)

For the Three Months

Ended September 30,

For the Nine Months
Ended September 30,

2026

2025

%

2026

2025

%

Investment Managers:

Revenues

$235,817

$207,050

14 %

$684,213

$594,165

15 %

Expenses

143,562

125,934

14 %

413,479

364,781

13 %

Operating Profit

92,255

81,116

14 %

270,734

229,384

18 %

Operating Margin

39 %

39 %

40 %

39 %

Private Banks:

Revenues

160,439

143,994

11 %

469,580

423,157

11 %

Expenses

128,275

120,763

6 %

373,526

354,236

5 %

Operating Profit

32,164

23,231

38 %

96,054

68,921

39 %

Operating Margin

20 %

16 %

20 %

16 %

Investment Advisors:

Revenues

185,378

147,465

26 %

532,970

421,234

27 %

Expenses

107,678

79,128

36 %

305,901

227,384

35 %

Non-controlling interests and
other, net (A)

2,034

—

NM*

4,732

—

NM

Operating Profit

75,666

68,337

11 %

222,337

193,850

15 %

Operating Margin

41 %

46 %

42 %

46 %

Institutional Investors:

Revenues

70,638

71,826

(2) %

211,856

209,675

1 %

Expenses

37,801

38,068

(1) %

111,764

109,795

2 %

Operating Profit

32,837

33,758

(3) %

100,092

99,880

— %

Operating Margin

46 %

47 %

47 %

48 %

Investments in New Businesses:

Revenues

9,771

8,176

20 %

27,224

41,225

(34) %

Expenses

10,588

11,863

(11) %

29,820

48,789

(39) %

Operating Loss

(817)

(3,687)

(78) %

(2,596)

(7,564)

(66) %

Totals:

Revenues

$662,043

$578,511

14 %

$1,925,843

$1,689,456

14 %

Expenses

427,904

375,756

14 %

1,234,490

1,104,985

12 %

Corporate Overhead Expenses

36,140

42,794

(16) %

106,852

118,778

(10) %

Income from operations (B)

$197,999

$159,961

24 %

$584,501

$465,693

26 %

Adjusted income from operations

$208,493

$166,896

25 %

$614,127

$480,054

28 %

(A) Primarily includes non-controlling interest and earnings from equity method investments.

(B) Excludes non-controlling interests and other, net

* Variances noted "NM" indicate the percent change is not meaningful.

Third-Quarter Business Highlights: 

SEI delivered strong third-quarter results, with diluted EPS increasing 6% compared to the prior year. On an adjusted basis, diluted EPS increased 24% to $1.64, driven by revenue growth, margin expansion, and a 3% reduction in share count from SEI's share repurchase program. Third-quarter operating income included $6.4 million of additional incentive compensation expense associated with the strength of year-to-date performance and the current outlook for the remainder of the year. Third-quarter net sales events totaled $46.8 million, the second-highest quarterly level in SEI history, bringing year-to-date net sales events to $157.4 million. Investment Managers led the quarter with $32.0 million of net sales events, with contributions from both new client wins and expansions with existing clients. Private Banks generated $12.6 million of net sales events, reflecting continued demand across enterprise transformation initiatives, professional services, Data Cloud capabilities, and asset management solutions. Investment Advisors generated $2.4 million of net sales events, while Institutional Investors recorded negative $2.3 million of net sales events. Consolidated revenues and operating income increased by 14% and 24%, respectively, from Q3 2025. On an adjusted basis, operating income increased by 25% with adjusted operating margins increasing to 31%, up 260 basis points from Q3 2025. Private Banking revenue increased 11% and operating profit increased 38%, demonstrating strong operating leverage as the business continues to grow, including increased adoption of professional services. Investment Managers revenue and operating profit increased 14% as prior sales success continued to convert into revenue and demand for outsourcing solutions remained strong. Absent the elevated incentive compensation accrual, Investment Managers operating profit would have increased by 17% vs. the prior year. Investment Advisors revenue increased 26% and operating profit increased 11%, benefiting from Stratos and growth in the underlying Advisors business. Stratos contributed $23.3 million of revenue and $4.4 million of operating profit, including $7.3 million of acquired intangible amortization. Excluding Stratos, Advisors revenue increased 10% and operating profit increased 7%. SEI's integrated cash program contributed $20.8 million during the quarter, matching Q3 2025. Institutional Investors revenue declined 2% and operating profit declined 3%, reflecting prior client outflows. Ending assets under management decreased 0.1% to $606.4 billion from Q2 2026, as market values and net flows were little changed. Assets under administration, assets on platform, and assets under advisement increased 4% during the quarter, driven primarily by continued growth in Investment Managers, including funding from recently won mandates and additional client capital deployment. LSV assets declined 1% from Q2 as strong investment performance was offset by $5.3 billion of net outflows. Performance fees totaled $4.5 million during the quarter at SEI's share. SEI repurchased 2.0 million shares of common stock for $215.1 million at an average price of $105.24 per share. SEI ended the quarter with $399.8 million of cash and recently authorized an additional $800 million of share repurchase capacity. Other expenses consist of a $32.5 million one-time charge associated with the termination agreement with Stratos to purchase their Mexican based subsidiary, NSC. Earnings Conference Call
A conference call and presentation to review earnings is scheduled for 5 p.m. Eastern time on
Wednesday, October 21, 2026. A live webcast of the call will be available on SEI's Investor Relations website at ir.seic.com/events-presentations/events, where a replay will also be posted following the call.

Participants may also access the call by telephone by dialing 877-407-8293 (in the U.S.) or +1 201-689-8349 (International). Please dial in at least 10 minutes prior to the start of the call.

About SEI®
SEI (NASDAQ:SEIC) is a leading global provider of financial technology, operations, and asset management services within the financial services industry. SEI tailors its solutions and services to help clients more effectively deploy their capital—whether that's money, time, or talent—so they can better serve their clients and achieve their growth objectives. As of September 30, 2026, SEI manages, advises, or administers approximately $2.1 trillion in assets. For more information, visit seic.com.

This release contains forward-looking statements within the meaning of the rules and regulations of the Securities and Exchange Commission. In some cases you can identify forward-looking statements by terminology, such as "may," '"will," "can," "expect," "believe," "remain," and "continue" or "appear." Our forward-looking statements include our current expectations as to:

whether year-end performance will be of a level sufficient to justify incentive compensation awards consistent with increased accruals; the level of share buy-backs; the growth trajectory of our assets under administration and Private Banking business; the demand for outsourcing services and enterprise transformation initiatives; and when and if we will generate net annualized recurring revenues from sales events that occurred during the quarter, as well as the amount of any such revenue. You should not place undue reliance on our forward-looking statements, as they are based on the current beliefs and expectations of our management and subject to significant risks and uncertainties, many of which are beyond our control or are subject to change. Although we believe the assumptions upon which we base our forward-looking statements are reasonable, they could be inaccurate. We undertake no obligation to update our forward-looking statements. Some of the risks and important factors that could cause actual results to differ from those described in our forward-looking statements can be found in the "Risk Factors" section of our Annual Report on Form 10-K for the year ended December 31, 2025, filed with the Securities and Exchange Commission.

Investor contact:

Media contact:

Brad Burke

Alicia Rudd

SEI

SEI

+1610-676-5350

+1 610-676-3887

[email protected]          

[email protected] 

SEI INVESTMENTS COMPANY

CONSOLIDATED STATEMENTS OF OPERATIONS

(In thousands, except per share data) (Unaudited)

For the Three Months 
Ended September 30,

For the Nine Months 
Ended September 30,

2026

2025

2026

2025

Asset management, admin. and distribution fees

$531,417

$461,964

$1,542,883

$1,331,650

Information processing and software servicing fees

130,626

116,547

382,960

357,806

Total revenues

662,043

578,511

1,925,843

1,689,456

Subadvisory, distribution and other asset mgmt. costs

61,194

55,072

177,920

152,313

Software royalties and other information processing costs

9,878

9,434

29,487

27,706

Compensation, benefits and other personnel

220,069

203,739

634,223

594,097

Stock-based compensation

16,000

13,956

46,809

41,985

Consulting, outsourcing and professional fees

58,394

54,401

169,066

167,344

Data processing and computer related

49,388

41,569

141,123

122,689

Facilities, supplies and other costs

22,318

20,982

64,093

61,481

Amortization

19,684

11,912

57,175

33,071

Depreciation

7,119

7,485

21,446

23,077

Total expenses

464,044

418,550

1,341,342

1,223,763

Income from operations

197,999

159,961

584,501

465,693

Net gain from investments

1,206

1,992

4,387

4,244

Interest and dividend income

6,866

10,207

21,040

29,711

Interest expense

(606)

(109)

(1,641)

(386)

Gain on sale of business

—

—

—

94,412

Other (expense) income

(32,500)

4,922

(32,050)

9,422

Equity in earnings of unconsolidated affiliates

39,819

31,903

110,989

94,290

Net gain from consolidated variable interest entities

1,809

1,845

11,363

1,845

Income before income taxes

214,593

210,721

698,589

699,231

Income taxes

43,346

46,135

151,015

156,045

Net income

$171,247

$164,586

$547,574

$543,186

Less: Net income attributable to non-controlling interests

2,989

382

9,171

382

Net income attributable to SEI Investments Company

$168,258

$164,204

$538,403

$542,804

Basic earnings per common share

$1.42

$1.33

$4.48

$4.35

Shares used to calculate basic earnings per share

118,415

123,099

120,138

124,710

Diluted earnings per common share

$1.38

$1.30

$4.37

$4.25

Shares used to calculate diluted earnings per share

122,012

126,325

123,280

127,684

Dividends declared per common share

$—

$—

$0.52

$0.49

SEI INVESTMENTS COMPANY

CONSOLIDATED CONDENSED BALANCE SHEETS

(In thousands) (Unaudited)

September 30,

December 31,

2026

2025

Assets

Current Assets:

Cash and cash equivalents

$399,766

$399,804

Receivables from investment products

59,278

63,317

Receivables, net

851,279

709,748

Securities owned

25,750

33,777

Other current assets

75,611

66,691

Total Current Assets

1,411,684

1,273,337

Property and Equipment, net

153,496

150,434

Operating Lease Right-of-Use Assets

30,186

26,447

Capitalized Software, net

224,189

234,272

Investments

335,895

428,004

Assets of Consolidated Variable Interest Entities

223,785

183,994

Goodwill

392,205

354,989

Intangible assets, net

481,727

368,272

Other Assets, net

181,472

240,095

Total Assets

$3,434,639

$3,259,844

Liabilities, Redeemable Non-controlling Interests and Equity

Current Liabilities:

Accounts payable

$13,905

$5,404

Accrued liabilities

284,920

359,823

Current portion of long-term debt

5,754

—

Current portion of long-term operating lease liabilities

9,124

8,677

Deferred revenue

13,648

13,307

Total Current Liabilities

327,351

387,211

Long-term Debt

30,951

—

Liabilities of Consolidated Variable Interest Entities

136,536

108,504

Other Long-term Liabilities

62,503

60,353

Total Liabilities

557,341

556,068

Redeemable Non-controlling Interests

323,105

243,959

Equity:

Shareholders' Equity:

Common stock, $0.01 par value, 750,000 shares authorized; 118,942 and
122,232 shares issued and outstanding

1,189

1,222

Capital in excess of par value

1,758,970

1,678,787

Retained earnings

785,633

792,280

Accumulated other comprehensive loss, net

(33,229)

(24,505)

Total SEI Shareholders' Equity

2,512,563

2,447,784

Non-controlling interests

41,630

12,033

Total Equity

$2,554,193

$2,459,817

Total Liabilities, Redeemable Non-controlling Interests and Equity

$3,434,639

$3,259,844

SEI INVESTMENTS COMPANY

CONSOLIDATED CONDENSED STATEMENTS OF CASH FLOWS

(In thousands) (Unaudited)

For the Nine Months 
Ended September 30,

2026

2025

Cash flows from operating activities:

Net income

$547,574

$543,186

Adjustments to reconcile net income to net cash provided by operating activities:

17,753

(61,922)

Net cash provided by operating activities

$565,327

$481,264

Net cash (used in) provided by investing activities

($32,087)

$40,497

Net cash used in financing activities

($512,509)

($516,474)

Effect of exchange rate changes on cash, cash equivalents

(6,103)

11,953

Net change in cash and cash equivalents and cash and cash equivalents held at
consolidated variable interest entities

14,628

17,240

Cash, cash equivalents and cash and cash equivalents held at consolidated variable
interest entities, beginning of period

470,595

840,193

Cash, cash equivalents and cash and cash equivalents held at consolidated variable
interest entities, end of period

$485,223

$857,433

Reconciliation of Cash, cash equivalents and cash and cash equivalents held at
consolidated variable interest entities to the Consolidated Balance Sheets:

September 30,

December 31,

2026

2025

Cash and cash equivalents

$399,766

$399,804

Cash and cash equivalents held at consolidated variable interest entities

85,457

70,791

Total cash and cash equivalents and cash and cash equivalents held at consolidated
variable interest entities

$485,223

$470,595

ENDING ASSET BALANCES

(In millions)  (Unaudited)

Sep. 30

Dec. 31

Mar. 31

Jun. 30

Sep. 30

2025

2025

2026

2026

2026

Investment Managers:

Collective trust fund programs (A)

$237,964

$243,244

$243,900

$265,265

$267,693

Liquidity funds

418

579

536

464

493

Total assets under management

$238,382

$243,823

$244,436

$265,729

$268,186

Client assets under administration

1,204,843

1,239,606

1,284,781

1,351,307

1,400,810

Total assets

$1,443,225

$1,483,429

$1,529,217

$1,617,036

$1,668,996

Private Banks:

Equity and fixed-income programs

$28,408

$29,832

$29,753

$32,520

$32,949

Collective trust fund programs

3

3

4

4

4

Liquidity funds

2,802

2,099

2,178

1,709

1,646

Total assets under management

$31,213

$31,934

$31,935

$34,233

$34,599

Client assets under administration

8,902

9,115

9,143

9,405

9,784

Total assets

$40,115

$41,049

$41,078

$43,638

$44,383

Investment Advisors:

Equity and fixed-income programs

$85,245

$86,879

$86,612

$94,390

$94,470

Liquidity funds

3,391

3,561

3,485

3,391

3,306

Total Platform assets under management

$88,636

$90,440

$90,097

$97,781

$97,776

Platform-only assets

32,152

33,582

34,070

38,308

38,464

Platform-only assets-deposit program

2,165

2,461

2,294

2,358

2,326

Total Platform assets

$122,953

$126,483

$126,461

$138,447

$138,566

Institutional Investors:

Equity and fixed-income programs

$82,676

$84,254

$82,195

$86,690

$84,533

Liquidity funds

1,580

1,604

1,503

1,559

1,485

Total assets under management

$84,256

$85,858

$83,698

$88,249

$86,018

Client assets under advisement

6,564

3,598

3,549

3,790

3,776

Total assets

$90,820

$89,456

$87,247

$92,039

$89,794

Investments in New Businesses:

Equity and fixed-income programs

$2,999

$3,044

$3,087

$3,351

$3,289

Liquidity funds

244

316

252

236

404

Total assets under management

$3,243

$3,360

$3,339

$3,587

$3,693

Client assets under advisement

2,452

2,389

2,185

2,506

2,613

Total assets

$5,695

$5,749

$5,524

$6,093

$6,306

LSV Asset Management:

Equity and fixed-income programs (B)

$95,801

$99,196

$100,567

$117,146

$116,080

Stratos Wealth Holdings (E)

$—

$38,637

$38,291

$41,889

$41,655

Total:

Equity and fixed-income programs (C)

$295,129

$303,205

$302,214

$334,097

$331,321

Collective trust fund programs

237,967

243,247

243,904

265,269

267,697

Liquidity funds

8,435

8,159

7,954

7,359

7,334

Total assets under management

$541,531

$554,611

$554,072

$606,725

$606,352

Client assets under advisement

9,016

5,987

5,734

6,296

6,389

Client assets under administration (D)

1,213,745

1,248,721

1,293,924

1,360,712

1,410,594

Platform-only assets

34,317

36,043

36,364

40,666

40,790

Stratos Wealth Holdings

—

38,637

38,291

41,889

41,655

Total assets

$1,798,609

$1,883,999

$1,928,385

$2,056,288

$2,105,780

(A)

Collective trust fund program assets in the Investment Managers segment are included in assets under management since SEI is the trustee. Fees earned on this product are less than fees earned on customized asset management programs.

(B)

Equity and fixed-income programs include $1.4 billion of assets managed by LSV in which fees are based solely on performance and are not calculated as an asset-based fee (as of September 30, 2026).

(C)

Equity and fixed-income programs include $9.0 billion of assets in various asset allocation funds (as of September 30, 2026).

(D)

In addition to the assets presented, SEI also administers an additional $16.1 billion in Funds of Funds assets on which SEI does not earn an administration fee (as of September 30, 2026).

(E)

Prior period asset balances have been revised to conform with the current period presentation.

AVERAGE ASSET BALANCES

(In millions) (Unaudited)

3rd Qtr.

4th Qtr.

1st Qtr.

2nd Qtr.

3rd Qtr.

2025

2025

2026

2026

2026

Investment Managers:

Collective trust fund programs (A)

$231,088

$240,285

$248,851

$259,655

$267,834

Liquidity funds

385

492

565

506

569

Total assets under management

$231,473

$240,777

$249,416

$260,161

$268,403

Client assets under administration

1,174,961

1,225,392

1,280,581

1,332,630

1,386,909

Total assets

$1,406,434

$1,466,169

$1,529,997

$1,592,791

$1,655,312

Private Banks:

Equity and fixed-income programs

$28,051

$29,087

$30,696

$32,005

$33,201

Collective trust fund programs

3

3

3

4

4

Liquidity funds

2,834

2,371

2,150

1,717

1,680

Total assets under management

$30,888

$31,461

$32,849

$33,726

$34,885

Client assets under administration

8,665

8,977

9,282

9,455

9,602

Total assets

$39,553

$40,438

$42,131

$43,181

$44,487

Investment Advisors:

Equity and fixed-income programs

$82,735

$85,896

$88,403

$92,424

$95,439

Liquidity funds

3,378

3,418

3,518

3,338

3,292

Total Platform assets under management

$86,113

$89,314

$91,921

$95,762

$98,731

Platform-only assets

30,874

33,022

34,485

36,768

38,662

Platform-only assets-deposit program

2,136

2,135

2,309

2,273

2,297

Total Platform assets

$119,123

$124,471

$128,715

$134,803

$139,690

Institutional Investors:

Equity and fixed-income programs

$80,802

$83,739

$84,393

$85,302

$86,212

Liquidity funds

1,810

1,947

1,941

1,702

1,700

Total assets under management

$82,612

$85,686

$86,334

$87,004

$87,912

Client assets under advisement

6,274

5,413

3,657

3,703

3,852

Total assets

$88,886

$91,099

$89,991

$90,707

$91,764

Investments in New Businesses:

Equity and fixed-income programs

$2,934

$3,021

$3,106

$3,260

$3,317

Liquidity funds

255

288

319

258

407

Total assets under management

$3,189

$3,309

$3,425

$3,518

$3,724

Client assets under advisement

2,428

2,408

2,335

2,425

2,632

Total assets

$5,617

$5,717

$5,760

$5,943

$6,356

LSV Asset Management:

Equity and fixed-income programs (B)

$92,969

$97,304

$104,619

$115,862

$118,889

Stratos Wealth Holdings (E)

$—

$38,507

$39,317

$40,559

$41,902

Total:

Equity and fixed-income programs (C)

$287,491

$299,047

$311,217

$328,853

$337,058

Collective trust fund programs

231,091

240,288

248,854

259,659

267,838

Liquidity funds

8,662

8,516

8,493

7,521

7,648

Total assets under management

$527,244

$547,851

$568,564

$596,033

$612,544

Client assets under advisement

8,702

7,821

5,992

6,128

6,484

Client assets under administration (D)

1,183,626

1,234,369

1,289,863

1,342,085

1,396,511

Platform-only assets

33,010

35,157

36,794

39,041

40,959

Stratos Wealth Holdings

—

38,507

39,317

40,559

41,902

Total assets

$1,752,582

$1,863,705

$1,940,530

$2,023,846

$2,098,400

(A)

Collective trust fund program average assets in the Investment Managers segment are included in assets under management since SEI is the trustee. Fees earned on this product are less than fees earned on customized asset management programs.

(B)

Equity and fixed-income programs during third-quarter 2026 include $1.4 billion of average assets managed by LSV in which fees are based solely on performance and are not calculated as an asset-based fee.

(C)

Equity and fixed-income programs include $8.9 billion of average assets in various asset allocation funds during third-quarter 2026.

(D)

In addition to the assets presented, SEI also administers an additional $15.2 billion of average assets in Funds of Funds assets during third-quarter 2026 on which SEI does not earn an administration fee.              

(E)

Prior period average assets have been revised to conform with the current period presentation.

SALES EVENTS

(In thousands) (Unaudited)

Net Recurring Sales Events

3rd Qtr.

4th Qtr.

1st Qtr.

2nd Qtr.

3rd Qtr.

2025

2025

2026

2026

2026

Investment Processing-related Businesses:

Investment Managers

$27,460

$19,150

$46,848

$27,856

$28,606

Private Banks

(6,713)

5,670

1,571

4,207

5,598

Total Investment Processing-related Businesses

$20,747

$24,820

$48,419

$32,063

$34,204

Asset Management-related Businesses:

Private Banks-AMD

($1,674)

($1,567)

$1,983

$2,938

$2,462

Investment Advisors

1,230

(728)

7,044

(1,685)

2,440

Institutional Investors

(594)

(5,025)

(2,935)

(1,102)

(2,315)

Total Asset Management-related Businesses

($1,038)

($7,320)

$6,092

$151

$2,587

Newer Initiatives:

Investments in New Businesses

$1,208

$1,248

$2,631

$361

$1,811

Total Net Recurring Sales Events

$20,917

$18,748

$57,142

$32,575

$38,602

Professional Services Sales Events

3rd Qtr.

4th Qtr.

1st Qtr.

2nd Qtr.

3rd Qtr.

2025

2025

2026

2026

2026

Investment Processing-related Businesses:

Investment Managers

$2,465

$1,347

$3,672

$4,179

$3,406

Private Banks

7,087

23,409

4,950

5,934

4,514

Total Investment Processing-related Businesses

$9,552

$24,756

$8,622

$10,113

$7,920

Newer Initiatives:

Investments in New Businesses

$71

$95

$1,389

$768

$272

Total Professional Services Sales Events

$9,623

$24,851

$10,011

$10,881

$8,192

Total Sales Events

3rd Qtr.

4th Qtr.

1st Qtr.

2nd Qtr.

3rd Qtr.

2025

2025

2026

2026

2026

Investment Processing-related Businesses:

Investment Managers

$29,925

$20,497

$50,520

$32,035

$32,012

Private Banks

374

29,079

6,521

10,141

10,112

Total Investment Processing-related Businesses

$30,299

$49,576

$57,041

$42,176

$42,124

Asset Management-related Businesses:

Private Banks-AMD

($1,674)

($1,567)

$1,983

$2,938

$2,462

Investment Advisors

1,230

(728)

7,044

(1,685)

2,440

Institutional Investors

(594)

(5,025)

(2,935)

(1,102)

(2,315)

Total Asset Management-related Businesses

($1,038)

($7,320)

$6,092

$151

$2,587

Newer Initiatives:

Investments in New Businesses

$1,279

$1,343

$4,020

$1,129

$2,083

Total Sales Events

$30,540

$43,599

$67,153

$43,456

$46,794

Non-GAAP Information & Reconciliations
(In thousands, except per share data) (Unaudited)

We present certain non‑GAAP financial measures to supplement the consolidated financial statements prepared in accordance with GAAP. Management believes these measures provide useful information to investors by enhancing the understanding of our core operating performance and facilitating comparisons across reporting periods. These non‑GAAP measures are also used by our management to evaluate operating results, allocate resources, and assess performance against strategic objectives.

These non-GAAP financial measures should be viewed in addition to, and not as a substitute for, reported results prepared in accordance with GAAP.

The following schedules reconcile U.S. GAAP financial measures to non-GAAP financial measures for the three and nine months ended September 30, 2026 and 2025:

For the Three Months
Ended September 30,

For the Nine Months
Ended September 30,

2026

2025

2026

2025

Net income attributable to SEI Investments Company (U.S. GAAP basis)

$168,258

$164,204

$538,403

$542,804

Non-GAAP adjustments:

Acquisition-related:

Third party costs (A)

—

3,767

—

4,587

Intangible assets amortization & impairments (B)

7,379

3,168

21,070

9,774

Total acquisition-related

7,379

6,935

21,070

14,361

Gain on sale of asset/business (C)

—

—

—

(94,412)

Litigation settlements and insurance proceeds (D)

—

(4,350)

3,808

(8,850)

Other individually significant items (E)

32,500

—

32,500

—

Income tax effect (F)

(8,167)

(567)

(12,058)

19,787

Adjusted net income attributable to SEI Investments Company (non-
GAAP basis)

$199,970

$166,222

$583,723

$473,690

Diluted EPS (U.S. GAAP basis)

$1.38

$1.30

$4.37

$4.25

Adjusted diluted EPS (non-GAAP basis)

$1.64

$1.32

$4.73

$3.71

Diluted weighted average shares outstanding

122,012

126,325

123,280

127,684

Income from operations (U.S. GAAP Basis)

$197,999

$159,961

$584,501

$465,693

Operating margin (U.S. GAAP Basis)

30 %

28 %

30 %

28 %

Non-GAAP adjustments:

Acquisition-related:

Third party costs (A)

—

3,767

—

4,587

Intangible assets amortization & impairments (B)

10,494

3,168

29,626

9,774

Total acquisition-related

10,494

6,935

29,626

14,361

Adjusted income from operations (non-GAAP Basis)

$208,493

$166,896

$614,127

$480,054

Adjusted operating margin (non-GAAP basis)

31 %

29 %

32 %

28 %

(A)

This non-GAAP adjustment removes incremental and directly attributable costs incurred to execute acquisitions, such as third-party advisory, legal, accounting, valuation, and due diligence. For 2025, this non-GAAP adjustment consisted of the legal costs, advisory fees, and due diligence fees in relation to the Stratos acquisition. Management believes adjusting for these charges helps the reader's ability to understand our core operating results and increases comparability quarter to quarter.

(B)

This non-GAAP adjustment removes the impact of amortization expense associated with acquired intangible assets (e.g., customer relationships, technology, trade names). This non-GAAP adjustment removes only amortization recorded in the current period related to acquired intangibles from prior acquisitions. The non-GAAP adjustments in 2026 include the amortization of the acquired intangibles from the Stratos acquisition, which closed in December 2025. Management included the Stratos related amortization expense net of the 42.5% NCI adjustment for the adjusted EPS calculation. However, this adjustment is not inclusive of the NCI portion for adjusted operating margin. The associated revenues are not adjusted. Management believes adjusting for these charges helps the reader's ability to understand our core operating results and increases comparability quarter to quarter.

(C)

This non-GAAP adjustment removes realized gains on the sale of assets owned or entities under our control, out of the normal course of business. In 2025, the adjustment consisted of the realized gain from the sale of Family Office Services (FOS). Management believes adjusting for these gains helps the reader's ability to understand our core operating results and increases comparability quarter to quarter.

(D)

This non-GAAP adjustment removes individually significant litigation settlements and insurance proceeds. In 2026, this non-GAAP adjustment was related to litigation settlements. In 2025, this non-GAAP adjustment consisted of a $4.5M settlement related to a vendor matter and a $4.4M insurance recovery. Management included both of these transactions as non-GAAP adjustments since they were both out of the normal course of business. Management believes adjusting for these items helps the reader's ability to understand our core operating results and increases comparability quarter to quarter.

(E)

This non-GAAP adjustment removes other items that are individually significant and highly unusual. In 2026, this non-GAAP adjustment consisted of the amount recognized related to the mutually agreed Termination Agreement between the Company and Stratos with respect to the previously reported obligations to proceed with the closing of the purchase of the equity of a Mexican RIA owned by Stratos. Management believes this charge is outside the normal course of business and not indicative of ongoing operating performance. Excluding this item enhances comparability between periods and assists investors in evaluating SEI's core operating results.

(F)

Income tax effects are presented as a separate reconciling item (not netted within each adjustment). For performance measures, the tax effect reflects current and deferred tax expense commensurate with the adjusted measure of profitability. The methodology used (e.g., statutory rate, effective rate, or discrete item approach) is consistently applied. All of the above items use a systematic approach.

SOURCE SEI Investments Company

First Citizens Bank & Trust Co. lowered its stake in SEI Investments Company (NASDAQ:SEIC – Free Report) by 42.0% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 13,351 shares of the asset manager’s stock after selling 9,660 shares during the quarter. First Citizens Bank & Trust Co.’s holdings in SEI Investments were worth $1,371,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds have also added to or reduced their stakes in the company. Ifrah Financial Services Inc. bought a new position in shares of SEI Investments in the third quarter valued at approximately $1,120,000. Financial Planning Hawaii Inc. grew its stake in SEI Investments by 10.7% during the third quarter. Financial Planning Hawaii Inc. now owns 3,010 shares of the asset manager’s stock valued at $309,000 after acquiring an additional 290 shares in the last quarter. NorthCrest Asset Manangement LLC grew its stake in SEI Investments by 55.1% during the third quarter. NorthCrest Asset Manangement LLC now owns 5,382 shares of the asset manager’s stock valued at $556,000 after acquiring an additional 1,913 shares in the last quarter. GK Wealth Management LLC bought a new stake in SEI Investments during the 3rd quarter worth approximately $160,000. Finally, Wedmont Private Capital lifted its stake in SEI Investments by 15.2% in the 3rd quarter. Wedmont Private Capital now owns 2,505 shares of the asset manager’s stock worth $259,000 after purchasing an additional 331 shares in the last quarter. Hedge funds and other institutional investors own 70.59% of the company’s stock.

Insiders Place Their Bets In other SEI Investments news, insider Philip McCabe sold 5,043 shares of the stock in a transaction that occurred on Wednesday, August 5th. The shares were sold at an average price of $105.50, for a total transaction of $532,036.50. Following the transaction, the insider directly owned 54,884 shares in the company, valued at $5,790,262. This trade represents a 8.42% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director Kathryn McCarthy sold 10,000 shares of SEI Investments stock in a transaction that occurred on Monday, August 3rd. The stock was sold at an average price of $103.53, for a total transaction of $1,035,300.00. Following the transaction, the director directly owned 77,883 shares in the company, valued at $8,063,226.99. This trade represents a 11.38% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders have sold 158,777 shares of company stock valued at $16,642,433 over the last 90 days. Company insiders own 4.80% of the company’s stock.

Wall Street Analyst Weigh In Several research analysts have commented on the stock. Piper Sandler raised their price target on shares of SEI Investments from $114.00 to $120.00 and gave the company an “overweight” rating in a report on Thursday, July 23rd. William Blair raised shares of SEI Investments from a “market perform” rating to an “outperform” rating in a report on Tuesday, September 15th. Morgan Stanley upped their price target on shares of SEI Investments from $115.00 to $125.00 and gave the stock an “overweight” rating in a report on Thursday, July 23rd. Zacks Research downgraded SEI Investments from a “strong-buy” rating to a “hold” rating in a research report on Friday, August 21st. Finally, Weiss Ratings upgraded SEI Investments from a “buy (b)” rating to a “buy (b+)” rating in a research report on Thursday, October 8th. Eight research analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the company. Based on data from MarketBeat.com, SEI Investments has an average rating of “Moderate Buy” and an average target price of $123.67. Check Out Our Latest Research Report on SEIC

SEI Investments Price Performance SEIC opened at $105.27 on Friday. The company has a current ratio of 5.06, a quick ratio of 4.96 and a debt-to-equity ratio of 0.06. The stock has a market capitalization of $12.63 billion, a P/E ratio of 18.57 and a beta of 0.97. The stock has a 50-day moving average price of $106.41 and a 200-day moving average price of $95.92. SEI Investments Company has a 12-month low of $75.08 and a 12-month high of $112.15.

SEI Investments (NASDAQ:SEIC – Get Free Report) last announced its quarterly earnings data on Wednesday, July 22nd. The asset manager reported $1.66 earnings per share for the quarter, beating analysts’ consensus estimates of $1.44 by $0.22. The company had revenue of $641.62 million for the quarter, compared to analysts’ expectations of $636.35 million. SEI Investments had a return on equity of 29.16% and a net margin of 28.85%. SEI Investments’s revenue for the quarter was up 14.7% compared to the same quarter last year. During the same period last year, the firm posted $1.78 EPS. Equities analysts predict that SEI Investments Company will post 6.21 earnings per share for the current fiscal year.

SEI Investments Profile (Free Report)

SEI Investments Company (NASDAQ:SEIC) is a global provider of investment processing, management, and operations solutions. The company serves financial institutions, wealth managers, asset managers, investment managers, and institutional investors through technology-enabled platforms and outsourced services.

Its offerings include investment accounting, fund administration, portfolio management, compliance support, wealth management technology, and data and analytics solutions. SEI also provides investment strategies and manages assets for institutions, advisors, and private clients through its investment management business.

Founded in 1968 by Alfred P.

Further Reading Five stocks we like better than SEI Investments ASML Can’t Keep Up With AI Demand—Why That’s a Good Thing Enovix’s 100,000-Battery Drone Order Sets Up a Test of Its Production Plans AMD’s Support Could Help Fermi Stock Overcome Its Biggest Hurdle Beyond the GPU: Credo Paves the Next AI Data Superhighway

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The market expects SEI Investments (SEIC - Free Report) to deliver a year-over-year increase in earnings on higher revenues when it reports results for the quarter ended September 2026. This widely-known consensus outlook is important in assessing the company's earnings picture, but a powerful factor that might influence its near-term stock price is how the actual results compare to these estimates.

The stock might move higher if these key numbers top expectations in the upcoming earnings report, which is expected to be released on October 21. On the other hand, if they miss, the stock may move lower.

While management's discussion of business conditions on the earnings call will mostly determine the sustainability of the immediate price change and future earnings expectations, it's worth having a handicapping insight into the odds of a positive EPS surprise.

Zacks Consensus EstimateThis investment management firm is expected to post quarterly earnings of $1.58 per share in its upcoming report, which represents a year-over-year change of +21.5%.

Revenues are expected to be $658.54 million, up 13.8% from the year-ago quarter.

Estimate Revisions TrendThe consensus EPS estimate for the quarter has been revised 0.15% higher over the last 30 days to the current level. This is essentially a reflection of how the covering analysts have collectively reassessed their initial estimates over this period.

Investors should keep in mind that an aggregate change may not always reflect the direction of estimate revisions by each of the covering analysts.

Price, Consensus and EPS Surprise

Earnings WhisperEstimate revisions ahead of a company's earnings release offer clues to the business conditions for the period whose results are coming out. Our proprietary surprise prediction model -- the Zacks Earnings ESP (Expected Surprise Prediction) -- has this insight at its core.

The Zacks Earnings ESP compares the Most Accurate Estimate to the Zacks Consensus Estimate for the quarter; the Most Accurate Estimate is a more recent version of the Zacks Consensus EPS estimate. The idea here is that analysts revising their estimates right before an earnings release have the latest information, which could potentially be more accurate than what they and others contributing to the consensus had predicted earlier.

Thus, a positive or negative Earnings ESP reading theoretically indicates the likely deviation of the actual earnings from the consensus estimate. However, the model's predictive power is significant for positive ESP readings only.

A positive Earnings ESP is a strong predictor of an earnings beat, particularly when combined with a Zacks Rank #1 (Strong Buy), 2 (Buy) or 3 (Hold). Our research shows that stocks with this combination produce a positive surprise nearly 70% of the time, and a solid Zacks Rank actually increases the predictive power of Earnings ESP.

Please note that a negative Earnings ESP reading is not indicative of an earnings miss. Our research shows that it is difficult to predict an earnings beat with any degree of confidence for stocks with negative Earnings ESP readings and/or Zacks Rank of 4 (Sell) or 5 (Strong Sell).

How Have the Numbers Shaped Up for SEI?For SEI, the Most Accurate Estimate is lower than the Zacks Consensus Estimate, suggesting that analysts have recently become bearish on the company's earnings prospects. This has resulted in an Earnings ESP of -0.16%.

On the other hand, the stock currently carries a Zacks Rank of #3.

So, this combination makes it difficult to conclusively predict that SEI will beat the consensus EPS estimate.

Does Earnings Surprise History Hold Any Clue?Analysts often consider to what extent a company has been able to match consensus estimates in the past while calculating their estimates for its future earnings. So, it's worth taking a look at the surprise history for gauging its influence on the upcoming number.

For the last reported quarter, it was expected that SEI would post earnings of $1.45 per share when it actually produced earnings of $1.66, delivering a surprise of +14.48%.

Over the last four quarters, the company has beaten consensus EPS estimates four times.

Bottom LineAn earnings beat or miss may not be the sole basis for a stock moving higher or lower. Many stocks end up losing ground despite an earnings beat due to other factors that disappoint investors. Similarly, unforeseen catalysts help a number of stocks gain despite an earnings miss.

That said, betting on stocks that are expected to beat earnings expectations does increase the odds of success. This is why it's worth checking a company's Earnings ESP and Zacks Rank ahead of its quarterly release. Make sure to utilize our Earnings ESP Filter to uncover the best stocks to buy or sell before they've reported.

SEI doesn't appear a compelling earnings-beat candidate. However, investors should pay attention to other factors too for betting on this stock or staying away from it ahead of its earnings release.

An Industry Player's Expected ResultsAnother stock from the Zacks Financial - Investment Management industry, MSCI (MSCI - Free Report) , is soon expected to post earnings of $4.99 per share for the quarter ended September 2026. This estimate indicates a year-over-year change of +11.6%. Revenues for the quarter are expected to be $880.29 million, up 11% from the year-ago quarter.

The consensus EPS estimate for MSCI has been revised 0.8% lower over the last 30 days to the current level. However, a lower Most Accurate Estimate has resulted in an Earnings ESP of -0.22%.

This Earnings ESP, combined with its Zacks Rank #3 (Hold), makes it difficult to conclusively predict that MSCI will beat the consensus EPS estimate. The company beat consensus EPS estimates in each of the trailing four quarters.

Stay on top of upcoming earnings announcements with the Zacks Earnings Calendar.

Public Invited to Monitor Conference Call at 5 p.m. Eastern Time OAKS, Pa.

SEI Investments (NASDAQ:SEIC – Get Free Report) and Blackstone (NYSE:BX – Get Free Report) are both large-cap finance companies, but which is the superior investment? We will compare the two companies based on the strength of their earnings, risk, valuation, dividends, profitability, analyst recommendations and institutional ownership.

Dividends SEI Investments pays an annual dividend of $1.04 per share and has a dividend yield of 1.0%. Blackstone pays an annual dividend of $5.16 per share and has a dividend yield of 4.6%. SEI Investments pays out 18.3% of its earnings in the form of a dividend. Blackstone pays out 115.4% of its earnings in the form of a dividend, suggesting it may not have sufficient earnings to cover its dividend payment in the future. SEI Investments has increased its dividend for 34 consecutive years.

Analyst Recommendations This is a breakdown of current ratings and price targets for SEI Investments and Blackstone, as provided by MarketBeat.com.

Sell Ratings Hold Ratings Buy Ratings Strong Buy Ratings Rating Score SEI Investments 0 1 8 0 2.89 Blackstone 0 12 13 0 2.52 SEI Investments presently has a consensus price target of $123.67, indicating a potential upside of 20.73%. Blackstone has a consensus price target of $147.50, indicating a potential upside of 31.84%. Given Blackstone’s higher possible upside, analysts plainly believe Blackstone is more favorable than SEI Investments. Risk & Volatility SEI Investments has a beta of 0.97, suggesting that its share price is 3% less volatile than the S&P 500. Comparatively, Blackstone has a beta of 1.59, suggesting that its share price is 59% more volatile than the S&P 500.

Profitability This table compares SEI Investments and Blackstone’s net margins, return on equity and return on assets.

Net Margins Return on Equity Return on Assets SEI Investments 28.85% 29.16% 22.68% Blackstone 21.84% 23.77% 10.06% Earnings and Valuation This table compares SEI Investments and Blackstone”s revenue, earnings per share and valuation.

Gross Revenue Price/Sales Ratio Net Income Earnings Per Share Price/Earnings Ratio SEI Investments $2.30 billion 5.35 $715.30 million $5.67 18.07 Blackstone $14.45 billion 5.81 $3.02 billion $4.47 25.03 Blackstone has higher revenue and earnings than SEI Investments. SEI Investments is trading at a lower price-to-earnings ratio than Blackstone, indicating that it is currently the more affordable of the two stocks.

Institutional and Insider Ownership 70.6% of SEI Investments shares are held by institutional investors. Comparatively, 70.0% of Blackstone shares are held by institutional investors. 4.8% of SEI Investments shares are held by company insiders. Comparatively, 1.0% of Blackstone shares are held by company insiders. Strong institutional ownership is an indication that hedge funds, large money managers and endowments believe a company is poised for long-term growth.

Summary SEI Investments beats Blackstone on 9 of the 17 factors compared between the two stocks.

(Get Free Report)

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.

About Blackstone (Get Free Report)

Blackstone Inc. is an alternative asset management firm specializing in real estate, private equity, hedge fund solutions, credit, secondary funds of funds, public debt and equity and multi-asset class strategies. The firm typically invests in early-stage companies. It also provide capital markets services. The real estate segment specializes in opportunistic, core+ investments as well as debt investment opportunities collateralized by commercial real estate, and stabilized income-oriented commercial real estate across North America, Europe and Asia. The firm's corporate private equity business pursues transactions throughout the world across a variety of transaction types, including large buyouts,special situations, distressed mortgage loans, mid-cap buyouts, buy and build platforms, which involves multiple acquisitions behind a single management team and platform, and growth equity/development projects involving significant majority stakes in portfolio companies and minority investments in operating companies, shipping, real estate, corporate or consumer loans, and alternative energy greenfield development projects in energy and power, property, dislocated markets, shipping opportunities, financial institution breakups, re-insurance, and improving freight mobility, financial services, healthcare, life sciences, infrastructure, enterprise tech and consumer, as well as consumer technologies. The firm considers investment in Asia and Latin America. It seeks to invest between $0.25 million and $900 million per transaction. It invests in companies with enterprise value between $500 million and $5000 million. It has a three year investment period. Its hedge fund business manages a broad range of commingled and customized fund solutions and its credit business focuses on loans, and securities of non-investment grade companies spread across the capital structure including senior debt, subordinated debt, preferred stock and common equity. Blackstone Inc. was founded in 1985 and is headquartered in New York, New York with additional offices across Asia, Europe, North America and Central America.

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Key Takeaways SEIC's Singapore push could widen its addressable market and support clients expanding in Asia-Pacific.Revenues rose 14% y/y in 1H26 as alternatives, platform conversions and client activity supported growth.Singapore adds a growth channel, but scaling in a competitive market will require steady client wins. SEI Investments’ (SEIC - Free Report) expansion into Singapore could strengthen its long-term growth prospects by giving the company a direct foothold in one of Asia-Pacific’s key asset-management hubs. Rather than being merely a geographic expansion, the move complements SEIC’s strategy of combining asset servicing, technology, operations and investment-management capabilities to deepen relationships with global financial institutions.

Singapore offers an attractive backdrop, supported by a sizable asset-management industry and its role as a gateway for globally invested capital. SEI Investments plans to initially focus on asset servicing, professional services and UCITS fund distribution, with scope to broaden its regional technology and asset-management offerings as client demand develops.

The expansion also comes when SEIC’s underlying operating trends remain favorable. Its revenues increased 14% year over year in the first half of 2026, while assets under management, advisement and administration reached $2.06 trillion at June-end. Growth in alternative-investment administration, new SEI Wealth Platform conversions and existing-client activity has been supporting revenues.

Can SEIC Convert Broader Capabilities Into Sustained Growth?SEI Investments’ opportunity extends beyond Asia. Its private-market initiatives, retirement solutions, Stratos network and expanding ETF lineup create multiple avenues for asset and revenue growth. Technology outsourcing also remains important as financial institutions increasingly seek scalable platforms that can simplify operations and improve efficiency.

The Singapore presence could therefore widen SEIC’s addressable market while supporting existing clients expanding across the Asia-Pacific. Still, building meaningful scale in a competitive servicing market will require steady client wins and disciplined investment. SEI Investments’ strong liquidity position should provide flexibility to fund this expansion while continuing to invest in technology, acquisitions and shareholder returns.

Overall, Singapore adds another potential growth channel to an already diversified expansion strategy rather than changing SEI Investments’ investment story on its own.

How SEIC’s Growth Prospects Stack Up Against Its Peers?Among SEI Investments’ peers, State Street (STT - Free Report) is particularly relevant, given its sizable presence in asset servicing, fund administration and investment-management infrastructure.

Like SEIC, State Street is positioned to benefit from financial institutions increasingly outsourcing complex operational functions and seeking technology-enabled solutions. STT’s established Asia-Pacific footprint, however, highlights the competitive environment SEI Investments will face as it builds its Singapore operations.

The Bank of New York Mellon Corporation (BNY - Free Report) also competes across custody, fund administration, middle-office solutions and technology-enabled investment services. BNY’s considerable global scale and long-standing presence in Singapore demonstrate the depth of competition in the region. At the same time, growing demand for private-market infrastructure, investor servicing and operational support provides room for multiple providers as asset managers expand into new markets and investment channels.

For SEIC, the presence of large competitors such as State Street and BNY makes execution important, but it also validates the scale of the opportunity. Rising outsourcing requirements, increasing private-market complexity and demand for more connected technology platforms could support SEI Investments’ efforts to gain clients in the Asia-Pacific. Its expanding international footprint, coupled with existing capabilities in alternatives and investment processing, could gradually broaden its addressable market and diversify its growth avenues.

SEIC’s Price Performance & Zacks RankOver the past six months, SEI Investments’ shares have gained 33.3% compared with the industry’s 8.8% growth.

Image Source: Zacks Investment Research

Currently, SEIC carries a Zacks Rank #2 (Buy). You can see the complete list of today’s Zacks #1 Rank (Strong Buy) stocks here.

Expanded Mutual Fund Integration, Tax Transition, and Gains Budget Capabilities Help Advisors Align Portfolios with Investor Objectives OAKS, Pa., Sept. 22, 2026 /PRNewswire/ -- SEI ® (NASDAQ: SEIC) today announced enhancements to its integrated tax management capabilities for separately managed accounts (SMAs) and unified managed accounts (UMAs), expanding advisors' ability to personalize portfolios, manage embedded unrealized gains, and pursue improved after-tax outcomes for investors.

Engineers Gate Manager LP trimmed its holdings in shares of SEI Investments Company (NASDAQ:SEIC – Free Report) by 11.8% in the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 38,836 shares of the asset manager’s stock after selling 5,197 shares during the period. Engineers Gate Manager LP’s holdings in SEI Investments were worth $3,406,000 at the end of the most recent quarter.

Other large investors have also bought and sold shares of the company. California State Teachers Retirement System boosted its position in shares of SEI Investments by 8,074.1% in the 2nd quarter. California State Teachers Retirement System now owns 10,288,383 shares of the asset manager’s stock worth $902,394,000 after purchasing an additional 10,162,517 shares during the last quarter. BlackRock Inc. bought a new stake in SEI Investments in the second quarter valued at about $870,745,000. Bank of America Corp DE bought a new stake in SEI Investments in the second quarter valued at about $255,067,000. Caisse de depot et placement du Quebec bought a new stake in SEI Investments in the second quarter valued at about $87,924,000. Finally, Bank of New York Mellon Corp acquired a new position in SEI Investments in the second quarter valued at about $78,430,000. 70.59% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes SEIC has been the topic of several recent analyst reports. Zacks Research lowered shares of SEI Investments from a “strong-buy” rating to a “hold” rating in a research note on Friday, August 21st. Keefe, Bruyette & Woods upped their target price on shares of SEI Investments from $113.00 to $119.00 and gave the company an “outperform” rating in a research note on Thursday, July 23rd. UBS Group reiterated a “buy” rating and issued a $125.00 target price on shares of SEI Investments in a report on Thursday, July 23rd. Piper Sandler lifted their price target on shares of SEI Investments from $114.00 to $120.00 and gave the stock an “overweight” rating in a research report on Thursday, July 23rd. Finally, Wall Street Zen raised shares of SEI Investments from a “hold” rating to a “buy” rating in a report on Saturday, July 25th. Six analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the company’s stock. Based on data from MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus price target of $122.60.

Get Our Latest Stock Report on SEIC Insider Activity at SEI Investments In other SEI Investments news, Director Carl Guarino sold 10,000 shares of the business’s stock in a transaction that occurred on Tuesday, July 28th. The shares were sold at an average price of $103.19, for a total transaction of $1,031,900.00. Following the sale, the director directly owned 18,308 shares of the company’s stock, valued at $1,889,202.52. The trade was a 35.33% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, insider Mark Warner sold 15,000 shares of the company’s stock in a transaction that occurred on Tuesday, July 28th. The shares were sold at an average price of $102.35, for a total transaction of $1,535,250.00. Following the completion of the transaction, the insider owned 921 shares of the company’s stock, valued at approximately $94,264.35. This trade represents a 94.22% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. In the last 90 days, insiders sold 179,832 shares of company stock valued at $17,897,438. Corporate insiders own 4.80% of the company’s stock.

SEI Investments Price Performance SEIC stock opened at $106.93 on Monday. SEI Investments Company has a 1-year low of $75.08 and a 1-year high of $112.15. The business’s 50 day simple moving average is $104.08 and its 200 day simple moving average is $91.76. The company has a current ratio of 5.06, a quick ratio of 4.96 and a debt-to-equity ratio of 0.06. The firm has a market capitalization of $12.83 billion, a PE ratio of 18.86 and a beta of 0.97.

SEI Investments (NASDAQ:SEIC – Get Free Report) last announced its earnings results on Wednesday, July 22nd. The asset manager reported $1.66 EPS for the quarter, topping the consensus estimate of $1.44 by $0.22. The business had revenue of $641.62 million during the quarter, compared to the consensus estimate of $636.35 million. SEI Investments had a net margin of 28.85% and a return on equity of 29.16%. SEI Investments’s revenue was up 14.7% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $1.78 EPS. As a group, research analysts anticipate that SEI Investments Company will post 6.2 EPS for the current year.

SEI Investments Profile (Free Report)

SEI Investments Company is a financial technology and investment solutions provider serving wealth managers, asset managers, institutional investors, banks and family offices. The company combines technology, outsourced operations and investment expertise to help clients manage portfolios, administer funds and support their broader financial businesses.

Its offerings include the SEI Wealth Platform, which provides technology and operating infrastructure for wealth management firms; investment processing and administration services; fund accounting and administration; and technology and operational support for investment managers.

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Key Takeaways SEIC hits a new 52-week high of $112.15, with revenues and client assets increasing in the first half of 2026.SEI Investments is benefiting from sales conversion, technology demand, and improving LSV asset flows.Premium valuation and elevated investment spending could limit upside if growth or market conditions weaken. SEI Investments Company (SEIC - Free Report) shares touched a new 52-week high of $112.15 during Friday’s trading session before closing at $111.63, slightly below the session's peak.

Over the past six months, shares of SEIC have jumped 35.6% compared with the industry's increase of 12%. Additionally, its close peers, Victory Capital Holdings, Inc. (VCTR - Free Report) and Blue Owl Capital (OWL - Free Report) , have gained 71.5% and 12.6%, respectively, over the same period.

6-Month Price Performance

Image Source: Zacks Investment Research

Does SEI Investments stock have more upside left after recently touching its 52-week high? Let us find out.

Factors Aiding SEIC’s StockBroad-Based Growth and Expanding Client Assets: SEI Investments has delivered sustained top-line growth through expanding client assets, outsourcing demand, strategic partnerships, and targeted acquisitions. Revenues witnessed a 6.4% CAGR from 2020 through 2025 and rose 14% year over year during the first half of 2026.

Investment Managers' revenues rose 16.02% year over year in the first half of 2026 as prior sales success converted into revenues, while Investment Advisors' revenues increased 27%, benefiting from higher market values and the Stratos contribution.

Total assets under management, advisement, and administration saw a 9.3% CAGR over the same period, with the metric touching $2.1 trillion as of June 30, 2026. SEIC is also expanding into private markets through strategic partnerships and capabilities across wealth and retirement channels. Management expects the movement of private assets into these channels to generate more than $100 million of annual run-rate revenues within five years. These initiatives are expected to diversify the company's revenue base, with the Zacks Consensus Estimate projecting sales growth of 12.59% for 2026 and 7.91% for 2027.

Sales Estimate

Image Source: Zacks Investment Research

Technology, Outsourcing and Sales Conversion Strength: Technology remains central to SEI Investments’ competitive position. Its Investment Processing platform delivers outsourced software and processing services through TRUST 3000 and SEI Wealth Platform. Revenues from these platforms witnessed a 7.3% CAGR over the five years ended 2025, with the growth continuing in the first half of 2026. Demand is being supported by financial institutions and investment managers seeking to modernize operations and redirect resources toward growth.

SEIC is strengthening its platform through Data Cloud, automation, AI, and professional services. Strong sales activity supports this strategy, with IMS generating $32 million of sales events in the second quarter, driven by new client wins and expanded relationships. Approximately three-quarters of IMS sales events were associated with alternative investment mandates, supporting continued revenue growth and operating leverage.

SEIC’s Sales Momentum Remains Strong

Image Source: SEI Investments Company

LSV Contribution and Improving Asset Flows: SEI Investments' partnership interest in LSV Asset Management continues to support earnings, with improved asset flows and market appreciation providing a more constructive backdrop. LSV’s earnings remain sensitive to market conditions and client flows, resulting in volatility in recent years. Earnings declined in 2022 and 2025 due to client outflows, market depreciation and client losses, but improved in 2021, 2023 and 2024 on market appreciation.

The second-quarter performance highlights an improving trend, with LSV generating approximately $2 billion of net inflows from a large new mandate and performance fees totaling approximately $17 million, of which $6.5 million was attributable to SEI Investments. LSV products continued to outperform relevant benchmarks, while the improved flow profile is likely to provide a more constructive backdrop for the company’s equity income contribution.

Strong Liquidity and Financial Flexibility: SEI Investments maintains ample liquidity relative to its debt obligations, with cash and cash equivalents of $395.7 million as of June 30, 2026, with approximately $29 million of long-term debt. Net cash provided by operating activities increased to $347.4 million in the first half of 2026 from $243 million a year earlier, providing flexibility to fund technology initiatives, product development, acquisitions and shareholder distributions while supporting multiple growth initiatives without relying heavily on leverage.

SEIC Maintains Strong Liquidity and Low Debt

Image Source: SEI Investments Company

Disciplined Capital Returns: SEI Investments continues to return capital to shareholders while funding growth initiatives, raising its semi-annual dividend by 6.1% in December 2025 following a 6.5% increase in December 2024. As of June 30, 2026, $383.1 million remained under its repurchase authorization. The company expects cash flow to support higher repurchase activity, driven by its low leverage and recurring revenue profile.

Concerns for SEI InvestmentsSEI Investments’ continued investments in technology, AI, automation, Data Cloud, SaaS expansion, product development and Stratos integration are supporting long-term growth but also increasing operating costs and execution risks. If revenue growth, sales conversion, or client demand slows, these elevated investments could pressure margins and profitability.

In addition, a meaningful portion of revenues remains sensitive to market values and client flows, while flat combined net flows in Advisors and Institutional highlight potential pressure from weaker markets or outflows. The growing adoption of lower-fee products, including ETFs and separately managed accounts, could further moderate fee growth and limit earnings growth.

SEIC’s Earnings Estimates and Valuation AnalysisAnalysts remain bullish on SEIC’s earnings growth prospects. The Zacks Consensus Estimate implies continued earnings growth through 2026 and 2027, with earnings projected to increase from $5.63 per share in 2025 to $6.20 in 2026 and $6.86 in 2027. This outlook reflects recurring earnings beats and stronger operating results, supported by sales conversion, margin gains, alternative-investment demand and contributions from Stratos and LSV.

Earnings Estimate

Image Source: Zacks Investment Research

In terms of its valuation, SEI Investments stock is currently trading at a forward 12-month price-to-earnings (P/E) ratio of 16.82, compared with the industry average of 14.18. This indicates that SEIC is currently trading at a premium to its industry.

Price-to-Earnings F12M

Image Source: Zacks Investment Research

SEI Investments' premium valuation leaves less room for disappointment. This is particularly relevant as the investment case depends on continued pipeline conversion, margin discipline and growth from initiatives such as Stratos, AI-enabled automation, retail alternatives, and alternatives in retirement. Slower sales conversion, weaker asset values or lower-than-expected returns from these initiatives could narrow the valuation premium and limit upside potential.

SEI Investments trades at a premium to Blue Owl Capital and Victoria Capital. At present, Blue Owl Capital and Victoria Capital have a forward 12-month P/E of 12.62X and 14.97X, respectively.

Parting Thoughts on SEI InvestmentsSEI Investments’ strong asset growth, expanding outsourcing platform, technology investments, LSV contributions and growing private-markets exposure are expected to support long-term growth. Its strong balance sheet, disciplined capital returns and improving earnings outlook underscore financial flexibility and a shareholder-friendly approach. The company’s diversified growth initiatives also provide multiple avenues for sustained revenue and earnings expansion.

Though fee sensitivity, elevated investment spending and premium valuation remain near-term concerns, SEI Investments’ solid growth prospects, recurring revenues and strong financial position support a favorable long-term outlook.

The company currently carries a Zacks Rank #3 (Hold). You can see the complete list of today's Zacks #1 Rank (Strong Buy) stocks here.

Azora Capital LP acquired a new position in shares of SEI Investments Company (NASDAQ:SEIC – Free Report) in the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm acquired 443,189 shares of the asset manager’s stock, valued at approximately $38,872,000. SEI Investments accounts for about 1.6% of Azora Capital LP’s portfolio, making the stock its 23rd largest holding. Azora Capital LP owned approximately 0.37% of SEI Investments as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors have also made changes to their positions in the company. BlackRock Inc. acquired a new position in shares of SEI Investments in the 2nd quarter worth approximately $870,745,000. Bank of America Corp DE boosted its stake in SEI Investments by 4.4% in the 2nd quarter. Bank of America Corp DE now owns 3,160,636 shares of the asset manager’s stock valued at $284,015,000 after buying an additional 133,057 shares in the last quarter. Geode Capital Management LLC grew its position in SEI Investments by 3.9% in the fourth quarter. Geode Capital Management LLC now owns 2,894,317 shares of the asset manager’s stock valued at $237,421,000 after acquiring an additional 109,974 shares during the period. Lord Abbett & CO. LLC raised its stake in SEI Investments by 19.2% during the fourth quarter. Lord Abbett & CO. LLC now owns 1,917,370 shares of the asset manager’s stock worth $157,263,000 after acquiring an additional 308,988 shares in the last quarter. Finally, Dimensional Fund Advisors LP raised its stake in SEI Investments by 1.1% during the first quarter. Dimensional Fund Advisors LP now owns 1,873,198 shares of the asset manager’s stock worth $146,984,000 after acquiring an additional 20,054 shares in the last quarter. 70.59% of the stock is currently owned by institutional investors and hedge funds.

SEI Investments Stock Down 0.2% NASDAQ:SEIC opened at $110.78 on Thursday. The stock’s fifty day moving average price is $99.21 and its two-hundred day moving average price is $89.32. SEI Investments Company has a 52-week low of $75.08 and a 52-week high of $111.90. The company has a debt-to-equity ratio of 0.06, a quick ratio of 4.96 and a current ratio of 5.06. The company has a market cap of $13.30 billion, a price-to-earnings ratio of 19.54 and a beta of 0.96.

SEI Investments (NASDAQ:SEIC – Get Free Report) last released its earnings results on Wednesday, July 22nd. The asset manager reported $1.66 EPS for the quarter, beating the consensus estimate of $1.44 by $0.22. The company had revenue of $641.62 million during the quarter, compared to analysts’ expectations of $636.35 million. SEI Investments had a return on equity of 29.16% and a net margin of 28.85%.The business’s revenue for the quarter was up 14.7% on a year-over-year basis. During the same period last year, the firm earned $1.78 EPS. On average, analysts anticipate that SEI Investments Company will post 6.2 EPS for the current year. Insider Activity In other SEI Investments news, insider Sanjay Sharma sold 20,000 shares of the business’s stock in a transaction dated Friday, July 24th. The stock was sold at an average price of $99.33, for a total transaction of $1,986,600.00. Following the completion of the sale, the insider directly owned 39,829 shares of the company’s stock, valued at approximately $3,956,214.57. The trade was a 33.43% decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, insider Philip Mccabe sold 5,043 shares of the company’s stock in a transaction dated Wednesday, August 5th. The shares were sold at an average price of $105.50, for a total transaction of $532,036.50. Following the transaction, the insider owned 54,884 shares in the company, valued at approximately $5,790,262. The trade was a 8.42% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. In the last three months, insiders sold 142,332 shares of company stock worth $13,745,813. Corporate insiders own 4.80% of the company’s stock.

Analysts Set New Price Targets A number of equities research analysts recently issued reports on the stock. Zacks Research cut shares of SEI Investments from a “strong-buy” rating to a “hold” rating in a research report on Friday, August 21st. UBS Group restated a “buy” rating and issued a $125.00 price target on shares of SEI Investments in a research report on Thursday, July 23rd. Wall Street Zen raised shares of SEI Investments from a “hold” rating to a “buy” rating in a research note on Saturday, July 25th. Keefe, Bruyette & Woods raised their price objective on shares of SEI Investments from $113.00 to $119.00 and gave the stock an “outperform” rating in a report on Thursday, July 23rd. Finally, Weiss Ratings reissued a “buy (b)” rating on shares of SEI Investments in a report on Friday, July 17th. Six analysts have rated the stock with a Buy rating and one has given a Hold rating to the company. Based on data from MarketBeat, SEI Investments currently has an average rating of “Moderate Buy” and an average price target of $122.60.

Get Our Latest Analysis on SEI Investments

(Free Report)

SEI Investments Company is a global provider of asset management, investment processing, and investment operations solutions. The firm offers a range of services designed to help financial institutions, private banks, wealth managers and family offices streamline back-office functions and enhance front-office capabilities. SEI’s technology platforms support various stages of the investment lifecycle, including trade execution, performance reporting, risk analytics and client communications.

The company’s core offerings include outsourced fund administration, custody and trust services, managed account solutions, and wealth management technology.

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Callan Family Office LLC bought a new position in SEI Investments Company (NASDAQ:SEIC – Free Report) during the 2nd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm bought 32,957 shares of the asset manager’s stock, valued at approximately $2,891,000.

Several other hedge funds also recently made changes to their positions in the company. Elevation Wealth Partners LLC increased its stake in shares of SEI Investments by 96.8% during the second quarter. Elevation Wealth Partners LLC now owns 309 shares of the asset manager’s stock valued at $27,000 after buying an additional 152 shares during the period. CIBC Private Wealth Group LLC boosted its holdings in SEI Investments by 353.1% in the third quarter. CIBC Private Wealth Group LLC now owns 435 shares of the asset manager’s stock valued at $37,000 after acquiring an additional 339 shares in the last quarter. Root Financial Partners LLC boosted its holdings in SEI Investments by 40.8% in the first quarter. Root Financial Partners LLC now owns 487 shares of the asset manager’s stock valued at $38,000 after acquiring an additional 141 shares in the last quarter. Geneos Wealth Management Inc. increased its position in SEI Investments by 60.2% during the 1st quarter. Geneos Wealth Management Inc. now owns 532 shares of the asset manager’s stock valued at $41,000 after purchasing an additional 200 shares during the period. Finally, Western Wealth Management LLC purchased a new position in SEI Investments during the 1st quarter valued at $43,000. 70.59% of the stock is owned by hedge funds and other institutional investors.

Insider Buying and Selling In other SEI Investments news, Director Kathryn Mccarthy sold 10,000 shares of SEI Investments stock in a transaction on Monday, August 3rd. The shares were sold at an average price of $103.53, for a total value of $1,035,300.00. Following the completion of the transaction, the director directly owned 77,883 shares of the company’s stock, valued at $8,063,226.99. This trade represents a 11.38% decrease in their position. The sale was disclosed in a filing with the SEC, which is available at this link. Also, insider Mark Andrew Warner sold 15,000 shares of the company’s stock in a transaction dated Tuesday, July 28th. The shares were sold at an average price of $102.35, for a total transaction of $1,535,250.00. Following the transaction, the insider owned 921 shares in the company, valued at $94,264.35. The trade was a 94.22% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders sold 142,332 shares of company stock valued at $13,745,813 in the last ninety days. Company insiders own 4.80% of the company’s stock.

Analyst Upgrades and Downgrades Several equities analysts recently issued reports on SEIC shares. Keefe, Bruyette & Woods boosted their price target on shares of SEI Investments from $113.00 to $119.00 and gave the company an “outperform” rating in a research report on Thursday, July 23rd. UBS Group restated a “buy” rating and issued a $125.00 price objective on shares of SEI Investments in a report on Thursday, July 23rd. Weiss Ratings reaffirmed a “buy (b)” rating on shares of SEI Investments in a research report on Friday, July 17th. Wall Street Zen upgraded SEI Investments from a “hold” rating to a “buy” rating in a report on Saturday, July 25th. Finally, Piper Sandler raised their target price on SEI Investments from $114.00 to $120.00 and gave the company an “overweight” rating in a research note on Thursday, July 23rd. One equities research analyst has rated the stock with a Strong Buy rating and six have issued a Buy rating to the company’s stock. According to MarketBeat, the company currently has a consensus rating of “Buy” and an average target price of $122.60. Get Our Latest Research Report on SEIC

SEI Investments Trading Up 1.8% Shares of NASDAQ:SEIC opened at $109.53 on Friday. The company has a debt-to-equity ratio of 0.06, a current ratio of 5.06 and a quick ratio of 4.96. SEI Investments Company has a 1 year low of $75.08 and a 1 year high of $109.75. The company has a market cap of $13.15 billion, a P/E ratio of 19.32 and a beta of 0.96. The stock’s fifty day moving average price is $97.99 and its 200-day moving average price is $88.77.

SEI Investments (NASDAQ:SEIC – Get Free Report) last posted its earnings results on Wednesday, July 22nd. The asset manager reported $1.66 EPS for the quarter, topping analysts’ consensus estimates of $1.44 by $0.22. The business had revenue of $641.62 million during the quarter, compared to the consensus estimate of $636.35 million. SEI Investments had a net margin of 28.85% and a return on equity of 29.16%. The firm’s revenue was up 14.7% on a year-over-year basis. During the same quarter in the previous year, the firm posted $1.78 EPS. Sell-side analysts expect that SEI Investments Company will post 6.2 earnings per share for the current year.

SEI Investments Dividend Announcement The business also recently announced a dividend, which was paid on Tuesday, June 16th. Stockholders of record on Monday, June 8th were issued a $0.52 dividend. This represents a dividend yield of 118.0%. The ex-dividend date of this dividend was Monday, June 8th. SEI Investments’s payout ratio is 18.34%.

(Free Report)

SEI Investments Company is a global provider of asset management, investment processing, and investment operations solutions. The firm offers a range of services designed to help financial institutions, private banks, wealth managers and family offices streamline back-office functions and enhance front-office capabilities. SEI’s technology platforms support various stages of the investment lifecycle, including trade execution, performance reporting, risk analytics and client communications.

The company’s core offerings include outsourced fund administration, custody and trust services, managed account solutions, and wealth management technology.

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SEI and Zocks Help Advisors Adopt AI-Powered Workflow Automation, Strengthen Client Engagement

, /PRNewswire/ -- SEI® (NASDAQ:SEIC) today announced a strategic partnership with Zocks, an AI assistant built specifically for financial advisors, expanding its advisor services ecosystem of partners with a resource intended to help firms reduce administrative burdens, strengthen client engagement, and scale more efficiently.

Zocks helps automate meeting preparation, meeting notes, client follow-up, CRM and planning updates, client onboarding, forms, and client intelligence workflows. The platform is designed to help advisors spend less time on administrative work and more time delivering personalized service and advice to clients.

Commenting on the partnership, Erich Holland, Head of SEI's U.S. Wealth and Advisor Business, said:

"Advisors are moving beyond AI curiosity and looking for practical ways to embed intelligent automation into the workflows that matter most to their businesses. By adding Zocks to our ecosystem of partners, we're expanding advisor choice and making it easier for firms to access resources, education, and support that can help them adopt AI with purpose, discipline, and a clear connection to client service and business growth."

SEI's advisor services ecosystem is designed to help advisors solve common business challenges by providing access to third-party service providers, discounted pricing, and resources that support operational efficiency, practice management, and client experience. The addition of Zocks builds on SEI's commitment to helping advisors more effectively deploy their capital, including time, talent, and technology, so they can focus on the client relationships that drive long-term growth.

Shauna Mace, Head of Practice Management and Independent Advisor Solutions at SEI, added:

"AI has the potential to transform the advisor operating model, but successful adoption starts with thoughtful implementation. Zocks gives advisors another way to evaluate AI through the lens of their own teams, workflows, and growth goals, while helping them move from time savings to deeper productivity and more proactive client engagement."

Jim Hardeman, Executive Vice President of Product at Zocks, said:

"Zocks was built to help financial advisors turn everyday client conversations into actionable intelligence without adding complexity to their practices. SEI inherently understands the operational challenges advisors face and has a strong track record of helping firms evaluate solutions that can create meaningful business impact. Together, we can help more advisors use AI to streamline meeting workflows, accelerate follow-up, improve data quality, and create more capacity for the client relationships that matter most."

As part of the relationship, SEI and Zocks plan to collaborate on advisor education, thought leadership, webinars, adoption resources, and practice management programming to help firms identify high-value use cases and build confidence in AI-enabled workflows. The relationship builds on SEI's ongoing commitment across the enterprise to modernize how it operates, innovates, and delivers value to clients through AI and automation as it advances toward becoming an AI-native organization.

About SEI®
SEI (NASDAQ:SEIC) is a leading global provider of financial technology, operations, and asset management services within the financial services industry. SEI tailors its solutions and services to help clients more effectively deploy their capital—whether that's money, time, or talent—so they can better serve their clients and achieve their growth objectives. As of June 30, 2026, SEI manages, advises, or administers approximately $2.1 trillion in assets. For more information, visit seic.com.

About Zocks
Zocks is the privacy-first, agentic AI Platform for financial advisors and financial firms. Its AI assistant saves advisors 10+ hours a week by automating manual tasks and turning every client conversation, email, and document into structured data that's deeply integrated with a firm's technology stack and AI ecosystem. Advisors can build plans and onboard clients faster, find growth opportunities, anticipate servicing needs, and ultimately grow their business — all in a platform built with enterprise-grade compliance, reporting, and controls. More than 5,000 firms, including 6 of the 9 Barron's Top Mega RIAs and 2 of the top 3 life insurance carriers, rely on Zocks, the #1 rated AI Assistant for Financial Services on G2. Learn more and start a free trial at zocks.io.

Forward-looking statements
This communication contains forward-looking statements within the meaning of the rules and regulations of the Securities and Exchange Commission. In some cases, you can identify forward looking statements by terminology, such as "may," "will," "expect," "believe," "can," "continue," "seek," or similar expressions.

SEI's forward-looking statements include its current expectations as to:

The potential benefits the addition of Zocks will have on SEI's advisor services ecosystem; and the ability of AI-enabled workflows and automation to improve advisor productivity, efficiency, client engagement, and growth. You should not place undue reliance on any forward-looking statements, as they are based on the current beliefs and expectations of management and are subject to significant risks and uncertainties, many of which are beyond management's control or are subject to change. Although management believes the assumptions upon which the forward-looking statements are based are reasonable, they could be inaccurate. Some of the risks and important factors that could cause actual results to differ from those described in SEI's forward looking statements can be found in the "Risk Factors" section of SEI's Annual Report on Form 10-K for the year ended Dec. 31, 2025, filed with the Securities and Exchange Commission. SEI undertakes no obligation to update or revise any forward-looking statements, whether as a result of new information, future events, or otherwise.

Company Contact:

Media Contacts:

Alicia Rudd

Eric Hazard

SEI

Vested

+1 610-676-3887

+1 917-765-8720

[email protected]

[email protected]

Gregory

Zocks

[email protected]

SOURCE SEI Investments Company

Designed to Deliver Broad U.S. Equity Exposure Through Transparent, Cost-Efficient, Research-Enhanced Approach

, /PRNewswire/ -- SEI® (NASDAQ:SEIC) today announced the launch of the SEI Ang Research Enhanced U.S. Large Cap ETF (NASDAQ: ANGU), the first ETF in a planned suite of research-enhanced investment solutions. ANGU is designed to address concentration risk in traditional market-cap-weighted indexes and provide a more intentional U.S. large cap core equity allocation at a competitive cost.

The fund seeks to track the total return results before Fund fees and expenses of the iSTOXX® Ang Research Enhanced U.S. Large Cap index, developed through the collaboration between STOXX Ltd., part of the ISS STOXX group of companies and a leading provider of benchmark and custom index solutions to global institutional investors, and factor investing pioneer Dr. Andrew Ang. ANGU seeks to improve upon traditional market-cap-weighted indexes by addressing concentration risk through a benchmark-aware framework that incorporates value, quality, and momentum signals while maintaining close alignment to the broader U.S. large-cap market.

By combining broad market exposure with disciplined factor insights and defined risk controls, ANGU offers advisors a transparent, scalable, and cost-efficient solution for more intentional portfolio construction.

Commenting on the ETF launch, Robert Hum, Head of Investment Product and Commercialization at SEI, said:

"As investors look beyond traditional market-cap-weighted approaches, ANGU offers a differentiated core equity solution grounded in decades of factor research. We're excited to bring together Andrew Ang's research leadership, STOXX's index expertise, and SEI's ETF platform in a transparent and cost-efficient ETF."

Dr. Andrew Ang, leading factor investing academic and practitioner, said:

"The next generation of factor investing is not simply about owning factors, but about applying the latest research to how those factors are defined, combined, and implemented. The iSTOXX Ang Research Enhanced U.S. Large Cap Index incorporates innovations in factor measurement and dynamic exposure management, seeking to provide investors with a more intentional approach to core equity investing. Put simply, it's about seeking exposure to the right factors at the right time."

Arun Singhal, Head of Product Management and Client Success at STOXX, added:

"This launch highlights how innovative index design can be translated into practical investment implementation. Through our collaboration with Andrew and his expertise in factor investing and systematic portfolio design, we are creating an index suite intended to deliver better portfolio outcomes over time. SEI's launch of ANGU gives advisors access to that index through a scalable ETF structure, while preserving the consistency, visibility, and governance investors expect from STOXX."

The launch expands SEI's ETF lineup and reflects the company's longstanding heritage in quantitative investing, bringing research-driven investment insights to investors through a flexible and efficient ETF structure.

About SEI®
SEI (NASDAQ:SEIC) is a leading global provider of financial technology, operations, and asset management services within the financial services industry. SEI tailors its solutions and services to help clients more effectively deploy their capital—whether that's money, time, or talent—so they can better serve their clients and achieve their growth objectives. As of June 30, 2026, SEI manages, advises, or administers approximately $2.1 trillion in assets. For more information, visit seic.com.

About STOXX
STOXX® and DAX® indices comprise a global and comprehensive family of more than 18,000 strictly rules-based and transparent indices. Best known for the leading European equity indices EURO STOXX 50®, STOXX® Europe 600 and DAX®, the portfolio of index solutions consists of total market, benchmark, blue-chip, sustainability, thematic and factor-based indices covering a complete set of world, regional and country markets. STOXX and DAX indices are licensed to more than 550 companies around the world for benchmarking purposes and as underlyings for ETFs, futures and options, structured products, and passively managed investment funds. STOXX Ltd., part of the ISS STOXX group of companies, is the administrator of the STOXX and DAX indices under the European Benchmark Regulation. stoxx.com.

About Andrew Ang
Andrew Ang, PhD, is the co-founder of Tau Balance, a startup financial technology firm focused on tax efficient asset allocation and wealth management tools. He is a well-known financial economist specializing in quantitative investing. Author of over 100 publications, Dr. Ang 's research includes security selection strategies in equities and fixed income, tactical and strategic asset allocation, and private markets. His research helped start the "low risk anomaly" literature which led to minimum volatility ETF strategies. His book, Asset Management: A Systematic Approach to Factor Investing, has been translated into Chinese, Japanese, Korean, and Spanish. Dr Ang was previously Managing Director and Head of Factors, Sustainable and Solutions at BlackRock. He was responsible for BlackRock's factor investing strategies, which included passive and active factor ETFs and proprietary long-only and multi-asset, long-short solutions. His research on factor timing was incorporated in BlackRock's first active ETF. Dr. Ang also served as Senior Adviser to BlackRock Retirement Solutions and was the co-founder of BlackRock Tax Managed Equity strategies. Before BlackRock, Dr. Ang was the Ann F. Kaplan Professor of Business at Columbia Business School and Chair of the Finance and Economics Division. As a professor, his work with industry was recognized by aiCIO naming him one of the top 10 most influential academics in the institutional investing world. www.andrewangphd.com

To determine if the Funds are an appropriate investment for you, carefully consider the investment objectives, risk factors and charges and expenses before investing. This and other information can be found in the Funds' summary and full prospectuses, which may be obtained by calling 1-800-DIAL-SEI. Read it carefully before investing.

SEI Investments Management Corporation (SIMC) is the adviser to the SEI funds, which are distributed by SEI Investments Distribution Co (SIDCO). SIMC and SIDCO are wholly owned subsidiaries of SEI Investments Company (SEI).

Investing involves risk including possible loss of principal. There is no guarantee the Fund will achieve its objective. The fund is subject to tracking error risk or the risk that the Fund's performance may vary substantially from the performance of the benchmark index it tracks as a result of cash flows, Fund expenses, imperfect correlation between the Fund's investments and the benchmark and other factors.

The Fund may invest in derivatives, which are often more volatile than other investments and may magnify the Fund's gains or losses. The Fund is a new fund, with a limited operating history, which may result in additional risks for investors in the Fund. The Fund is not diversified.

There can be no assurance that performance will be enhanced or risk will be reduced for Funds that seek to provide exposure to certain quantitative factors. Exposure to such investment factors may detract from performance in certain market environments, in some cases for extended periods. In such circumstances, a Fund may seek to maintain exposure to the targeted investment factors and not adjust to target different factors, which could result in losses. The Fund's investment process is expected to be heavily dependent on quantitative models, and the models may not perform as intended.

The iSTOXX® Ang Research Enhanced U.S. Large Cap index consists of U.S. large‑cap equities selected from the STOXX US Universal Index, aiming to enhance returns through dynamic multi‑factor exposure while closely tracking the parent index. The Index offers systematic exposure to Momentum, Quality, Enhanced Value, and Cyclical Value, with factor weights dynamically adjusted using model‑driven signals reflecting market conditions and relative factor strength. Indices are unmanaged and do not include the effect of fees. One cannot invest directly in an index.

Forward-looking statements

This communication contains forward-looking statements within the meaning of the rules and regulations of the Securities and Exchange Commission. In some cases, you can identify forward-looking statements by terminology, such as "may," "will," "expect," "believe," "can," "continue," "seek," or similar expressions.

SEI's forward-looking statements include its current expectations as to:

The benefits, if any, that ANGU and SEI's research enhanced ETF products offer to investors. The ability of ANGU's investment strategy and underlying index methodology to address concentration risk and support investors' portfolio construction objectives. The ability of ANGU's benchmark-aware framework and multifactor approach to provide differentiated investment outcomes while maintaining broad U.S. equity exposure. The future expansion adoption and market acceptance of SEI's research enhanced ETF lineup. You should not place undue reliance on any forward-looking statements, as they are based on the current beliefs and expectations of management and are subject to significant risks and uncertainties, many of which are beyond management's control or are subject to change. Although management believes the assumptions upon which the forward-looking statements are based are reasonable, they could be inaccurate. Some of the risks and important factors that could cause actual results to differ from those described in SEI's forward-looking statements can be found in the "Risk Factors" section of SEI's Annual Report on Form 10-K for the year ended Dec. 31, 2025, filed with the Securities and Exchange Commission. SEI undertakes no obligation to update or revise any forward-looking statements, whether as a result of new information, future events, or otherwise.

SOURCE SEI Investments Company

Collaboration Aims to Broaden Access to Alternative Products in Retirement Ecosystem

, /PRNewswire/ -- SEI® (NASDAQ: SEIC) and WTW Investments, a global advisory, broking, and solutions company, today announced an expansion of their strategic relationship to support the development of private markets solutions for the 401(k) and broader U.S. defined contribution market.

Building on WTW's experience integrating private markets into defined contribution (DC) solutions since 2018, the relationship combines WTW's investment research and portfolio implementation capabilities with SEI's trust and platform capabilities through SEI Trust Company (STC), a leading provider of trustee, operational, and administrative services for collective investment trusts (CITs).

Together, the firms aim to help plan sponsors and participants gain access to more diversified sources of return through structures designed for the operational, governance and liquidity needs of the DC market. The collaboration also reflects growing demand for institutionalized structures that can help bring alternative investment strategies into defined contribution plans with the governance, oversight, and operational support required by the retirement market.

Commenting on the expanded partnership, Christy Loop, Head of U.S. Wealth and Strategic Initiatives at WTW, said:

"A key challenge for defined contribution plans is ensuring sponsors have the right wrapper, structure and terms to integrate diversifying exposures like private credit. By combining our strengths with SEI's expertise in designing fit for purpose vehicles for DC plans, we can expand participant access to private markets, enhancing diversification and providing differentiated sources of return to support long-term wealth accumulation."

WTW will provide investment and operational due diligence and research support for private markets strategies used in retirement-focused CIT and evergreen solutions. As part of the expanded relationship, WTW selected SEI Trust Company to support the delivery of certain WTW retirement solutions through CIT structures, reflecting the firms' broader collaboration across retirement and private markets initiatives.

The firms are also collaborating on the design of new products and structures intended to broaden access to private markets through vehicles suited to the needs of defined contribution plans. The expanded relationship reflects a shared commitment to product innovation and to helping the retirement market—including plan sponsors, consultants, and investment managers—evaluate how private markets exposures can be integrated into DC plans over time at scale and with appropriate risk management.

Sean Lawlor, Head of Public Markets for SEI's Investment Managers business, added:

"The ongoing convergence of public and private markets is fueling new opportunities for more diversified investment solutions through flexible, efficient CIT vehicles. With more than 30 years of experience as an independent CIT trustee, SEI's operational expertise complements WTW's investment acumen and supports the delivery of these strategies in a vehicle designed for scale, governance, and the evolving needs of the defined contribution ecosystem.

"Together, we're helping connect private markets innovation with retirement-focused solutions designed to support long-term participant outcomes."

About SEI®
SEI (NASDAQ:SEIC) is a leading global provider of financial technology, operations, and asset management services within the financial services industry. SEI tailors its solutions and services to help clients more effectively deploy their capital—whether that's money, time, or talent—so they can better serve their clients and achieve their growth objectives. As of June 30, 2026, SEI manages, advises, or administers approximately $2.1 trillion in assets. For more information, visit seic.com.

About SEI Trust Company
SEI Trust Company (the "Trustee") serves as the Trustee of the Fund(s) and maintains ultimate fiduciary authority over the management of, and the investments made, in the Fund(s). The Fund(s) are part of a Collective Investment Trust (the "Trust") operated by the Trustee. The Trustee is a trust company organized under the laws of the Commonwealth of Pennsylvania and wholly owned subsidiary of SEI Investments Company (NASDAQ: SEIC).

About WTW Investments
WTW's Investments business is focused on creating financial value for end investors through its expertise in risk assessment, strategic asset allocation, fiduciary management and investment manager selection. It has over 900 colleagues worldwide, more than 1,000 investment clients globally, assets under advisory of over US$4.7 trillion and US$178.8 billion of assets under management.

About WTW
At WTW (NASDAQ:WTW), we provide data-driven, insight-led solutions in the areas of people, risk and capital. Leveraging the global view and local expertise of our colleagues serving 140 countries and markets, we help organizations sharpen their strategy, enhance organizational resilience, motivate their workforce and maximize performance. Working shoulder to shoulder with our clients, we uncover opportunities for sustainable success—and provide perspective that moves you.

Forward-looking statements

This communication contains forward-looking statements within the meaning of the rules and regulations of the Securities and Exchange Commission. In some cases, you can identify forward looking statements by terminology, such as "may," "will," "expect," "believe," "can," "continue," "seek," or similar expressions.

SEI's forward-looking statements include its current expectations as to:

the benefits that SEI and WTW may derive from their expanded strategic relationship; SEI's ability to support the development and delivery of private markets solutions for the defined contribution market; and the anticipated impact of the firms' collaboration on expanding access to private markets. You should not place undue reliance on any forward-looking statements, as they are based on the current beliefs and expectations of management and are subject to significant risks and uncertainties, many of which are beyond management's control or are subject to change. Although management believes the assumptions upon which the forward-looking statements are based are reasonable, they could be inaccurate. Some of the risks and important factors that could cause actual results to differ from those described in SEI's forward looking statements can be found in the "Risk Factors" section of SEI's Annual Report on Form 10-K for the year ended Dec. 31, 2025, filed with the Securities and Exchange Commission. SEI undertakes no obligation to update or revise any forward looking statements, whether as a result of new information, future events, or otherwise.

Company Contact:

Media Contact:

Alicia Rudd                   

Eric Hazard

SEI                   

Vested

+1 610-676-3887

+1 917-765-8720

[email protected]   

[email protected]

Mandy Boyd

Buttonwood Communications Group

[email protected]

SOURCE SEI Investments Company

SEI Investments (SEIC - Free Report) could be a solid choice for investors given the company's remarkably improving earnings outlook. While the stock has been a strong performer lately, this trend might continue since analysts are still raising their earnings estimates for the company.

Analysts' growing optimism on the earnings prospects of this investment management firm is driving estimates higher, which should get reflected in its stock price. After all, empirical research shows a strong correlation between trends in earnings estimate revisions and near-term stock price movements. This insight is at the core of our stock rating tool -- the Zacks Rank.

The five-grade Zacks Rank system, which ranges from a Zacks Rank #1 (Strong Buy) to a Zacks Rank #5 (Strong Sell), has an impressive externally-audited track record of outperformance, with Zacks #1 Ranked stocks generating an average annual return of +25% since 2008.

Consensus earnings estimates for the next quarter and full year have moved considerably higher for SEI Investments, as there has been strong agreement among the covering analysts in raising estimates.

The chart below shows the evolution of forward 12-month Zacks Consensus EPS estimate:

12 Month EPS

Current-Quarter Estimate RevisionsThe company is expected to earn $1.59 per share for the current quarter, which represents a year-over-year change of +22.3%.

Over the last 30 days, four estimates have moved higher for SEI compared to no negative revisions. As a result, the Zacks Consensus Estimate has increased 6.01%.

Current-Year Estimate RevisionsThe company is expected to earn $6.20 per share for the full year, which represents a change of +10.1% from the prior-year number.

There has been an encouraging trend in estimate revisions for the current year as well. Over the past month, four estimates have moved up for SEI versus no negative revisions. This has pushed the consensus estimate 5.4% higher.

Favorable Zacks RankThanks to promising estimate revisions, SEI currently carries a Zacks Rank #1 (Strong Buy). The Zacks Rank is a tried-and-tested rating tool that helps investors effectively harness the power of earnings estimate revisions and make the right investment decision.

You can see the complete list of today's Zacks #1 Rank (Strong Buy) stocks here.

Our research shows that stocks with Zacks Rank #1 (Strong Buy) and 2 (Buy) significantly outperform the S&P 500.

Bottom LineWhile strong estimate revisions for SEI have attracted decent investments and pushed the stock 10% higher over the past four weeks, further upside may still be left in the stock. So, you may consider adding it to your portfolio right away.

Posted by Defense World Staff on Jul 24th, 2026

ABN Amro Investment Solutions lowered its stake in shares of SEI Investments Company (NASDAQ:SEIC – Free Report) by 22.6% in the first quarter, according to its most recent disclosure with the SEC. The fund owned 35,810 shares of the asset manager’s stock after selling 10,475 shares during the period. ABN Amro Investment Solutions’ holdings in SEI Investments were worth $2,810,000 as of its most recent filing with the SEC.

Other hedge funds have also made changes to their positions in the company. Allworth Financial LP lifted its stake in SEI Investments by 44.0% during the third quarter. Allworth Financial LP now owns 432 shares of the asset manager’s stock worth $37,000 after purchasing an additional 132 shares during the period. CIBC Private Wealth Group LLC boosted its holdings in SEI Investments by 353.1% during the third quarter. CIBC Private Wealth Group LLC now owns 435 shares of the asset manager’s stock valued at $37,000 after purchasing an additional 339 shares in the last quarter. Root Financial Partners LLC grew its stake in shares of SEI Investments by 40.8% in the 1st quarter. Root Financial Partners LLC now owns 487 shares of the asset manager’s stock valued at $38,000 after purchasing an additional 141 shares during the period. Geneos Wealth Management Inc. grew its stake in shares of SEI Investments by 60.2% in the 1st quarter. Geneos Wealth Management Inc. now owns 532 shares of the asset manager’s stock valued at $41,000 after purchasing an additional 200 shares during the period. Finally, Rothschild Investment LLC raised its holdings in shares of SEI Investments by 266.9% in the 4th quarter. Rothschild Investment LLC now owns 565 shares of the asset manager’s stock worth $46,000 after buying an additional 411 shares in the last quarter. Institutional investors own 70.59% of the company’s stock.

Key Stories Impacting SEI Investments Here are the key news stories impacting SEI Investments this week:

Positive Sentiment: SEI Investments beat Q2 earnings expectations, reporting $1.66 per share versus consensus around $1.44-$1.45, while revenue came in above estimates at $641.62 million. The company also said revenue rose 14.7% year over year and operating income increased 33%, with operating margin reaching 31%. Article Title Positive Sentiment: Management highlighted record growth in revenue and EPS in the Q2 earnings call, which should support confidence in the company’s operating momentum and ability to convert higher activity into profits. Article Title Positive Sentiment: Analysts turned more constructive after the report: Morgan Stanley raised its price target to $125 and reiterated an overweight rating, while Keefe, Bruyette & Woods lifted its target to $119 with an outperform rating. Article Title Positive Sentiment: Assets under management and assets under administration reportedly rose year over year, reinforcing that the business is still seeing healthy client inflows and scale benefits. Article Title Neutral Sentiment: Despite the earnings beat, EPS was below last year’s level, which may have tempered enthusiasm and limited the stock’s upside reaction. Article Title Insider Buying and Selling at SEI Investments In related news, insider Mark Andrew Warner sold 4,000 shares of the firm’s stock in a transaction dated Tuesday, April 28th. The shares were sold at an average price of $91.16, for a total value of $364,640.00. Following the completion of the sale, the insider directly owned 921 shares in the company, valued at approximately $83,958.36. This trade represents a 81.28% decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, Director Kathryn Mccarthy sold 10,000 shares of the company’s stock in a transaction that occurred on Monday, May 4th. The shares were sold at an average price of $91.07, for a total value of $910,700.00. Following the completion of the sale, the director owned 77,883 shares in the company, valued at $7,092,804.81. This represents a 11.38% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold a total of 71,332 shares of company stock worth $6,278,583 over the last quarter. 4.80% of the stock is currently owned by insiders.

Wall Street Analyst Weigh In SEIC has been the subject of a number of recent analyst reports. Morgan Stanley increased their target price on shares of SEI Investments from $115.00 to $125.00 and gave the stock an “overweight” rating in a research report on Thursday. Raymond James Financial lifted their target price on shares of SEI Investments from $122.00 to $124.00 and gave the company an “outperform” rating in a research note on Monday, July 6th. UBS Group reissued a “buy” rating and issued a $125.00 target price on shares of SEI Investments in a report on Thursday. Keefe, Bruyette & Woods increased their price target on SEI Investments from $113.00 to $119.00 and gave the stock an “outperform” rating in a research report on Thursday. Finally, Weiss Ratings reaffirmed a “buy (b)” rating on shares of SEI Investments in a report on Friday, July 17th. Six research analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the company’s stock. According to MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average target price of $122.60.

Read Our Latest Report on SEI Investments

SEI Investments Stock Performance Shares of NASDAQ:SEIC opened at $96.73 on Friday. The business has a 50-day moving average price of $91.54 and a two-hundred day moving average price of $86.04. SEI Investments Company has a 1-year low of $75.08 and a 1-year high of $102.29. The stock has a market capitalization of $11.63 billion, a P/E ratio of 17.06 and a beta of 0.97. The company has a current ratio of 4.52, a quick ratio of 4.40 and a debt-to-equity ratio of 0.07.

SEI Investments (NASDAQ:SEIC – Get Free Report) last posted its earnings results on Wednesday, July 22nd. The asset manager reported $1.66 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.44 by $0.22. SEI Investments had a return on equity of 29.42% and a net margin of 28.85%.The business had revenue of $641.62 million during the quarter, compared to analysts’ expectations of $636.35 million. During the same period in the prior year, the business earned $1.78 EPS. SEI Investments’s revenue for the quarter was up 14.7% compared to the same quarter last year. Equities analysts predict that SEI Investments Company will post 5.98 earnings per share for the current year.

SEI Investments Announces Dividend The company also recently declared a dividend, which was paid on Tuesday, June 16th. Shareholders of record on Monday, June 8th were given a dividend of $0.52 per share. This represents a yield of 118.0%. The ex-dividend date of this dividend was Monday, June 8th. SEI Investments’s dividend payout ratio is 17.75%.

About SEI Investments (Free Report)

SEI Investments Company is a global provider of asset management, investment processing, and investment operations solutions. The firm offers a range of services designed to help financial institutions, private banks, wealth managers and family offices streamline back-office functions and enhance front-office capabilities. SEI’s technology platforms support various stages of the investment lifecycle, including trade execution, performance reporting, risk analytics and client communications.

The company’s core offerings include outsourced fund administration, custody and trust services, managed account solutions, and wealth management technology.

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SEI Investments Company (SEIC) Q2 2026 Earnings Call Transcript

3 Mid-Cap to Mega-Cap Stocks Have Announced Significant BuybacksSEI Investments NASDAQ: SEIC reported what executives described as an “outstanding” second quarter of 2026, with quarterly records for revenue, adjusted operating profit and adjusted earnings per share.

Chief Executive Officer Ryan Hicke said revenue rose 15% from the prior year, adjusted operating profit increased 36% and adjusted EPS grew 38%. Hicke told analysts the results reflected changes made over the past several years, including more disciplined capital allocation, an evolved value proposition and execution of strategic goals laid out at the company’s investor day.

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“This quarter is less about what happened during the last three months and more a reflection of the changes we have made over the past few years,” Hicke said.

Operating Leverage Drives Earnings Growth Chief Financial and Chief Operating Officer Sean Denham said the increase in adjusted EPS was driven primarily by core operating performance, including mid-teens revenue growth, 500 basis points of margin expansion and a 3% reduction in share count.

The quarter also included investment-related gains. Denham said SEI’s consolidated co-investment in an LSV hedge fund contributed $7.5 million through the net gain on variable interest entities line item. He said SEI invested $50 million in that strategy last year, and it has generated more than $12 million of gains over the last 12 months after excluding non-controlling interests. SEI also recognized nearly $4 million of mark-to-market gains across several other co-investments during the quarter.

Denham said revenue and operating profit increased across most of SEI’s businesses. Investment Managers Services generated 17% revenue growth, reflecting the conversion of prior sales into revenue. Private Banking revenue increased 11%, driven by growth within the existing client base. Advisors revenue rose 30%, benefiting from higher market values and the contribution from Stratos.

Institutional was the exception, with operating profit roughly flat from the prior year as SEI continued investing in asset management initiatives.

Sales Events Remain Elevated SEI reported $43 million of sales events during the quarter, following a record $67 million in the first quarter. Year-to-date sales events totaled $110 million.

Hicke said Investment Managers Services generated more than $32 million of sales events, driven by both new client wins and expanded relationships with existing clients. Denham said about three-quarters of IMS sales events came from alternative investments.

Private Banking produced more than $13 million of sales events, with activity tied to new regional bank wins, conversions from TRUST 3000 to the SEI Wealth Platform, and demand for professional services, including SEI Data Cloud. Denham said Private Banking also executed contract renewals representing $13 million of annualized revenue during the quarter, following $34 million in the first quarter.

Across Advisors and Institutional, net sales events were modestly negative. Denham said SEI continues to see demand for newer offerings such as ETFs and separately managed accounts, though those products generally carry lower fee rates than traditional mutual funds.

Private Markets, ETFs and Stratos Highlight Growth Plans Hicke pointed to several growth investments that he said currently contribute little to financial results but could become meaningful over time. One focus is expanding private markets into retail and retirement channels. He said SEI’s registered transfer agency, fund administration platform and trust company create a “full-stack capability” for managers seeking administration, transfer agency, investor servicing, compliance and operational infrastructure.

Hicke said SEI believes its retail alternatives and private markets retirement initiatives have the potential to become a business generating more than $100 million of annual run-rate revenue within five years.

SEI also continues to expand its asset management strategy. Hicke said the company launched its latest active factor ETF, SEUS, bringing its ETF lineup to 10 funds. He said SEI’s ETF business has grown from $3 billion to more than $8 billion over the past 12 months. He also cited SEI’s recently announced partnership with Carlyle as an example of product development tied to market opportunity.

Stratos, SEI’s advisor-focused platform, also remains a focus. Hicke said SEI advisors are showing interest in succession, liquidity and growth solutions without leaving the company’s ecosystem. Denham said Stratos contributed $21 million of revenue in the quarter, up 11% from the first quarter, and generated $2 million of operating profit before non-controlling interests. Excluding acquisition-related intangible amortization, Stratos EBITDA exceeded $9 million.

Technology and AI Investments Continue Management also emphasized investments in data, automation and artificial intelligence. Hicke said enhancements to SEI Data Cloud and the IMS platform are helping clients access information faster, simplify integrations, reduce operational complexity and make better use of data.

Sneha Shah, a member of SEI’s executive management team, said clients are asking SEI for help as they rethink operating models and evaluate where to use partners. She said SEI is seeing demand for SEI Data Cloud services and professional services tied to AI readiness.

Denham said SEI’s relationship with IBM is intended to support automation and help the company co-create agents for labor-intensive processes. Hicke said the IBM relationship is an enterprise-wide initiative, starting with IMS and expanding to other areas of the company.

Capital Returns and Outlook SEI ended the quarter with nearly $400 million of cash. The company repurchased $112 million of stock during the quarter at an average price of $87. Denham said repurchase activity was lower than in the first quarter, when market volatility created what SEI viewed as a significant opportunity, but said the company expects repurchases to increase from second-quarter levels.

Asked about balancing buybacks with acquisitions, Denham said SEI has roughly a $600 million revolving credit facility that is essentially untouched, giving the company capacity to support M&A activity, including Stratos-related opportunities.

SEI did not provide formal guidance. In response to an analyst question about sustaining low- to mid-teens revenue growth, Hicke said the company does not give guidance but described pipelines as “as strong as they’ve ever been” and said management is encouraged by what it sees for second-half revenue.

About SEI Investments (NASDAQ:SEIC)SEI Investments Company is a global provider of asset management, investment processing, and investment operations solutions. The firm offers a range of services designed to help financial institutions, private banks, wealth managers and family offices streamline back-office functions and enhance front-office capabilities. SEI's technology platforms support various stages of the investment lifecycle, including trade execution, performance reporting, risk analytics and client communications.

The company's core offerings include outsourced fund administration, custody and trust services, managed account solutions, and wealth management technology.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to [email protected].

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, /PRNewswire/ -- SEI Investments Company (NASDAQ: SEIC) today announced financial results for the second quarter 2026. Relative to the second quarter 2025, EPS declined by 11%, and revenue and operating income grew by 15% and 33%, respectively, with operating margin increasing to 31%. On an adjusted basis, EPS and operating income grew 38% and 36%, respectively, with the adjusted operating margin increasing to 32%.

Consolidated Overview

(In thousands, except earnings per share)

For the Three Months
Ended June 30,

For the Six Months
Ended June 30,

2026

2025

%

2026

2025

%

U.S. GAAP Basis

Revenues

$641,617

$559,601

15 %

$1,263,800

$1,110,945

14 %

Income from operations

197,016

148,635

33 %

386,502

305,732

26 %

Operating margin

31 %

27 %

15 %

31 %

28 %

11 %

Net income attributable

to SEI Investments

195,658

227,083

(14) %

370,145

378,600

(2) %

Diluted earnings per share

$1.59

$1.78

(11) %

$2.99

$2.95

1 %

Non-GAAP Basis(1)

Adjusted income from

operations

$206,951

$152,612

36 %

$405,634

$313,158

30 %

Adjusted diluted earnings

per share

$1.66

$1.20

38 %

$3.10

$2.40

29 %

Adjusted operating margin

32 %

27 %

19 %

32 %

28 %

14 %

(1) See Non-GAAP Information and Reconciliations on pg 11

"SEI's record-setting second-quarter results are evidence that the strategic and operational changes we've made over the last four years are translating into meaningful financial performance," said CEO Ryan Hicke.

"We've been deliberate in how we allocate capital, evolve our value proposition, and focus our resources on the areas where we believe we can create sustainable competitive advantage. Those efforts are driving stronger sales quality, expanding margins, and creating greater leverage across the enterprise, while allowing us to continue investing in the capabilities, talent, and innovation that will shape SEI's future."

Summary of Second-Quarter Results by Business Segment

(In thousands)

For the Three Months
Ended June 30,

For the Six Months
Ended June 30,

2026

2025

%

2026

2025

%

Investment Managers:

Revenues

$227,679

$195,067

17 %

$448,396

$387,115

16 %

Expenses

136,078

121,636

12 %

269,917

238,847

13 %

Operating Profit

91,601

73,431

25 %

178,479

148,268

20 %

Operating Margin

40 %

38 %

40 %

38 %

Private Banks:

Revenues

156,879

141,449

11 %

309,141

279,163

11 %

Expenses

125,220

118,724

5 %

245,251

233,473

5 %

Operating Profit

31,659

22,725

39 %

63,890

45,690

40 %

Operating Margin

20 %

16 %

21 %

16 %

Investment Advisors:

Revenues

177,897

137,193

30 %

347,592

273,769

27 %

Expenses

101,866

75,801

34 %

198,223

148,256

34 %

Non-controlling interests and

other, net (A)

1,361

—

NM*

2,698

—

NM

Operating Profit

74,670

61,392

22 %

146,671

125,513

17 %

Operating Margin

42 %

45 %

42 %

46 %

Institutional Investors:

Revenues

69,702

69,343

1 %

141,218

137,849

2 %

Expenses

36,826

35,857

3 %

73,963

71,727

3 %

Operating Profit

32,876

33,486

(2) %

67,255

66,122

2 %

Operating Margin

47 %

48 %

48 %

48 %

Investments in New Businesses:

Revenues

9,460

16,549

(43) %

17,453

33,049

(47) %

Expenses

10,039

18,430

(46) %

19,232

36,926

(48) %

Operating Loss

(579)

(1,881)

(69) %

(1,779)

(3,877)

(54) %

Totals:

Revenues

$641,617

$559,601

15 %

$1,263,800

$1,110,945

14 %

Expenses

410,029

370,448

11 %

806,586

729,229

11 %

Corporate Overhead Expenses

34,572

40,518

(15) %

70,712

75,984

(7) %

Income from operations (B)

$197,016

$148,635

33 %

$386,502

$305,732

26 %

Adjusted income from operations

$206,951

$152,612

36 %

$405,634

$313,158

30 %

(A)  Primarily includes non-controlling interest and earnings from equity method investments.

(B)  Excludes non-controlling interests and other, net

* Variances noted "NM" indicate the percent change is not meaningful.

Second-Quarter Business Highlights:

SEI delivered strong second-quarter results, with diluted EPS of $1.59 and adjusted diluted EPS of $1.66. On an adjusted basis, EPS increased 38% relative to the prior year, driven by strong revenue growth, margin expansion, and a 3% reduction in share count from SEI's share repurchase program. Second quarter net sales events totaled $43.5 million, bringing year-to-date sales events to $110.6 million. Recurring sales events totaled $32.6 million during the quarter. Private Banks generated $10.1 million of sales events, reflecting continued demand across SEI's capabilities. Private Banking sales activity was driven by new regional banking client wins, the conversion of clients from TRUST 3000® to the SEI Wealth PlatformSM, and continued momentum for professional services. Investment Managers led the quarter with $32.0 million of sales events. Approximately half came from new client wins, including continued contribution from the two large relationships announced last quarter. The remainder was driven primarily by expanded relationships with existing clients and professional services activity associated with implementing several significant wins announced over the last year. Approximately three-quarters of sales events came from alternative investments. Advisors and Institutional generated negative $2.8 million of net sales events. Sales activity in newer product categories, including ETFs and SMAs, continued during the quarter, though those products generally carry lower fee rates than traditional mutual funds. Consolidated revenues and operating income increased by 15% and 33%, respectively, from Q2 2025. On an adjusted basis, operating income increased by 36% with adjusted operating margins increasing to 32%, up 5 percentage points from Q2 2025. Revenue increased by $82.0 million, while expenses increased by $33.6 million, reflecting strong operating leverage despite continued investment across the business. Private Banking revenue increased 11% and operating profit increased 39% versus Q2 2025, as strong sales execution over the past year continued to translate into financial performance. Investment Managers revenue increased 17% and operating profit increased 25% versus Q2 2025 as sales momentum translated into financial performance. Operating margin increased to 40%. Investment Advisors revenue increased 30% and operating profit increased 22% versus the prior year, benefiting from higher market values and the contribution from Stratos. Excluding Stratos, Advisors margins increased by over three percentage points from Q2 2025. Institutional Investors revenue increased 1% versus Q2 2025, while operating profit declined 2%, reflecting continued investment in sales and leadership initiatives. Ending assets under administration increased 5% during the quarter, driven by the funding of alternative mandates and market appreciation for traditional mandates. Ending assets under management increased 9.5% to $606.7 billion, driven by strong market appreciation. LSV generated $2.0 billion of net inflows during the quarter, driven primarily by the funding of a large new mandate. Combined with market appreciation, total LSV assets increased by nearly $17 billion during the quarter. LSV investment performance remained strong. Performance fees totaled approximately $17 million during the quarter, of which approximately $6.5 million was attributable to SEI. During the quarter, SEI repurchased 1.3 million shares of common stock for $112.4 million at an average price of $86.92 per share. Earnings Conference Call
A conference call and presentation to review earnings is scheduled for 5 p.m. Eastern time on Wednesday, July 22, 2026. A live webcast of the call will be available on SEI's Investor Relations website at ir.seic.com/events-presentations/events, where a replay will also be posted following the call.

Participants may also access the call by telephone by dialing 877-407-8293 (in the U.S.) or +1 201-689-8349 (International). Please dial in at least 10 minutes prior to the start of the call.

About SEI®
SEI (NASDAQ:SEIC) is a leading global provider of financial technology, operations, and asset management services within the financial services industry. SEI tailors its solutions and services to help clients more effectively deploy their capital—whether that's money, time, or talent—so they can better serve their clients and achieve their growth objectives. As of June 30, 2026, SEI manages, advises, or administers approximately $2.1 trillion in assets. For more information, visit seic.com.

This release contains forward-looking statements within the meaning or the rules and regulations of the Securities and Exchange Commission. In some cases you can identify forward-looking statements by terminology, such as "may," '"will," "can," "expect," "believe," "remain," and "continue" or "appear." Our forward-looking statements include our current expectations as to:

the degree to which, if any, the strategic and operational changes that we have made will translate into financial performance; whether our capital allocation strategies and investments will create sustainable competitive advantage; the durability of the quality of our sales, margin expansion and enterprise leverage; the benefits of our investments; the level of demand for our capabilities; the effects of our operating leverage; our investment priorities; LSV performance; and when and if we will generate net annualized recurring revenues from sales events that occurred during the quarter, as well as the amount of any such revenue. You should not place undue reliance on our forward-looking statements, as they are based on the current beliefs and expectations of our management and subject to significant risks and uncertainties, many of which are beyond our control or are subject to change. Although we believe the assumptions upon which we base our forward-looking statements are reasonable, they could be inaccurate. We undertake no obligation to update our forward-looking statements. Some of the risks and important factors that could cause actual results to differ from those described in our forward-looking statements can be found in the "Risk Factors" section of our Annual Report on Form 10-K for the year ended December 31, 2025, filed with the Securities and Exchange Commission.

Investor contact:                                                   

Media contact:

Brad Burke                                                                 

Alicia Rudd

SEI                                                                             

SEI

+1 610-676-5350                                                     

+1 610-676-3887

[email protected]                                                   

[email protected]

SEI INVESTMENTS COMPANY

CONSOLIDATED STATEMENTS OF OPERATIONS(In thousands, except per share data) (Unaudited)

For the Three Months
Ended June 30,

For the Six Months
Ended June 30,

2026

2025

2026

2025

Asset management, admin. and distribution fees

$513,482

$437,543

$1,011,466

$869,686

Information processing and software servicing fees

128,135

122,058

252,334

241,259

Total revenues

641,617

559,601

1,263,800

1,110,945

Subadvisory, distribution and other asset mgmt. costs

59,980

49,709

116,726

97,241

Software royalties and other information processing costs

9,677

9,191

19,609

18,272

Compensation, benefits and other personnel

207,839

199,574

414,154

390,358

Stock-based compensation

16,313

13,891

30,809

28,029

Consulting, outsourcing and professional fees

56,269

56,942

110,672

112,943

Data processing and computer related

46,862

41,801

91,735

81,120

Facilities, supplies and other costs

21,453

21,744

41,775

40,499

Amortization

19,137

10,449

37,491

21,159

Depreciation

7,071

7,665

14,327

15,592

Total expenses

444,601

410,966

877,298

805,213

Income from operations

197,016

148,635

386,502

305,732

Net gain from investments

3,550

1,759

3,181

2,252

Interest and dividend income

7,012

9,283

14,174

19,504

Interest expense

(562)

(92)

(1,035)

(277)

Gain on sale of business

—

94,412

—

94,412

Other income

—

4,500

450

4,500

Equity in earnings of unconsolidated affiliates

38,694

33,640

71,170

62,387

Net gain from consolidated variable interest entities

7,475

—

9,554

—

Income before income taxes

253,185

292,137

483,996

488,510

Income taxes

53,645

65,054

107,669

109,910

Net income

$199,540

$227,083

$376,327

$378,600

Less: Net income attributable to non-controlling interests

3,882

—

6,182

—

Net income attributable to SEI Investments Company

$195,658

$227,083

$370,145

$378,600

Basic earnings per common share

$1.63

$1.82

$3.06

$3.02

Shares used to calculate basic earnings per share

120,339

124,470

120,999

125,516

Diluted earnings per common share

$1.59

$1.78

$2.99

$2.95

Shares used to calculate diluted earnings per share

123,334

127,278

123,914

128,364

Dividends declared per common share

$0.52

$0.49

$0.52

$0.49

SEI INVESTMENTS COMPANY

CONSOLIDATED CONDENSED BALANCE SHEETS(In thousands) (Unaudited)

June 30,

December 31,

2026

2025

Assets

Current Assets:

     Cash and cash equivalents

$395,664

$399,804

     Receivables from investment products

60,535

63,317

     Receivables, net

783,400

709,748

     Securities owned

25,532

33,777

     Other current assets

78,095

66,691

          Total Current Assets

1,343,226

1,273,337

 Property and Equipment, net

151,885

150,434

 Operating Lease Right-of-Use Assets

32,345

26,447

 Capitalized Software, net

227,215

234,272

 Investments

318,909

428,004

 Assets of Consolidated Variable Interest Entities

206,955

183,994

 Goodwill

389,420

354,989

 Intangible assets, net

470,524

368,272

 Other Assets, net

183,859

240,095

          Total Assets

$3,324,338

$3,259,844

Liabilities, Redeemable Non-controlling Interests and Equity

  Current Liabilities:

     Accounts payable

$10,547

$5,404

     Accrued liabilities

225,607

359,823

     Current portion of long-term debt

3,487

—

     Current portion of long-term operating lease liabilities

10,169

8,677

     Deferred revenue

15,718

13,307

     Total Current Liabilities

265,528

387,211

 Long-term Debt

29,483

—

 Liabilities of Consolidated Variable Interest Entities

121,300

108,504

 Other Long-term Liabilities

61,128

60,353

     Total Liabilities

477,439

556,068

 Redeemable Non-controlling Interests

311,027

243,959

 Equity:

Shareholders' Equity:

Common stock, $0.01 par value, 750,000 shares authorized; 119,977 and 122,232 shares issued and outstanding

1,200

1,222

Capital in excess of par value

1,714,294

1,678,787

Retained earnings

813,820

792,280

Accumulated other comprehensive loss, net

(29,616)

(24,505)

Total SEI Shareholders' Equity

2,499,698

2,447,784

Non-controlling interests

36,174

12,033

Total Equity

$2,535,872

$2,459,817

Total Liabilities, Redeemable Non-controlling Interests and Equity

$3,324,338

$3,259,844

SEI INVESTMENTS COMPANY

CONSOLIDATED CONDENSED STATEMENTS OF CASH FLOWS

(In thousands) (Unaudited)

For the Six Months
Ended June 30,

2026

2025

Cash flows from operating activities:

Net income

$376,327

$378,600

Adjustments to reconcile net income to net cash provided by operating activities:

(28,960)

(135,595)

Net cash provided by operating activities

$347,367

$243,005

Net cash provided by investing activities

$16,863

$65,268

Net cash used in financing activities

($356,918)

($419,220)

Effect of exchange rate changes on cash, cash equivalents and restricted cash

(5,406)

17,103

 Net change in cash and cash equivalents and cash and cash equivalents held at
consolidated variable interest entities      

1,906

(93,844)

 Cash, cash equivalents and cash and cash equivalents held at consolidated variable
interest entities, beginning of period

470,595

840,193

 Cash, cash equivalents and cash and cash equivalents held at consolidated variable
interest entities, end of period

$472,501

$746,349

 Reconciliation of Cash, cash equivalents and cash and cash equivalents held at
consolidated variable interest entities to the Consolidated Balance Sheets:

June 30,
2026

December 31,
2025

 Cash and cash equivalents

$395,664

$399,804

 Cash and cash equivalents held at consolidated variable interest entities

76,837

70,791

 Total cash and cash equivalents and cash and cash equivalents held at consolidated
variable interest entities

$472,501

$470,595

ENDING ASSET BALANCES

(In millions) (Unaudited)

Jun. 30

Sep. 30

Dec. 31

Mar. 31

Jun. 30

Investment Managers:

2025

2025

2025

2026

2026

Collective trust fund programs (A)

$225,690

$237,964

$243,244

$243,900

$265,265

Liquidity funds

307

418

579

536

464

Total assets under management

$225,997

$238,382

$243,823

$244,436

$265,729

Client assets under administration

1,128,325

1,204,843

1,239,606

1,284,781

1,351,307

Total assets

$1,354,322

$1,443,225

$1,483,429

$1,529,217

$1,617,036

Private Banks:

Equity and fixed-income programs

$27,839

$28,408

$29,832

$29,753

$32,520

Collective trust fund programs

3

3

3

4

4

Liquidity funds

2,796

2,802

2,099

2,178

1,709

Total assets under management

$30,638

$31,213

$31,934

$31,935

$34,233

Client assets under administration

8,431

8,902

9,115

9,143

9,405

Total assets

$39,069

$40,115

$41,049

$41,078

$43,638

Investment Advisors:

Equity and fixed-income programs

$80,618

$85,245

$86,879

$86,612

$94,390

Liquidity funds

3,457

3,391

3,561

3,485

3,391

Total Platform assets under management

$84,075

$88,636

$90,440

$90,097

$97,781

Platform-only assets

29,848

32,152

33,582

34,070

38,308

Platform-only assets-deposit program

2,155

2,165

2,461

2,294

2,358

Total Platform assets

$116,078

$122,953

$126,483

$126,461

$138,447

Institutional Investors:

Equity and fixed-income programs

$80,112

$82,676

$84,254

$82,195

$86,690

Liquidity funds

1,768

1,580

1,604

1,503

1,559

Total assets under management

$81,880

$84,256

$85,858

$83,698

$88,249

Client assets under advisement

6,090

6,564

3,598

3,549

3,790

Total assets

$87,970

$90,820

$89,456

$87,247

$92,039

Investments in New Businesses: Equity and fixed-income programs

$2,867

$2,999

$3,044

$3,087

$3,351

Liquidity funds

244

244

316

252

236

Total assets under management

$3,111

$3,243

$3,360

$3,339

$3,587

Client assets under advisement

2,593

2,452

2,389

2,185

2,506

Total assets

$5,704

$5,695

$5,749

$5,524

$6,093

LSV Asset Management:

Equity and fixed-income programs (B)

$91,795

$95,801

$99,196

$100,567

$117,146

Stratos Wealth Holdings (E)

$—

$—

$38,637

$38,291

$41,889

Total:

Equity and fixed-income programs (C)

$283,231

$295,129

$303,205

$302,214

$334,097

Collective trust fund programs

225,693

237,967

243,247

243,904

265,269

Liquidity funds

8,572

8,435

8,159

7,954

7,359

Total assets under management

$517,496

$541,531

$554,611

$554,072

$606,725

Client assets under advisement

8,683

9,016

5,987

5,734

6,296

Client assets under administration (D)

1,136,756

1,213,745

1,248,721

1,293,924

1,360,712

Platform-only assets

32,003

34,317

36,043

36,364

40,666

Stratos Wealth Holdings

—

—

38,637

38,291

41,889

Total assets

$1,694,938

$1,798,609

$1,883,999

$1,928,385

$2,056,288

(A) 

Collective trust fund program assets in the Investment Managers segment are included in assets under management since SEI is the trustee. Fees earned on this product are less than fees earned on customized asset management programs.

(B) 

Equity and fixed-income programs include $1.5 billion of assets managed by LSV in which fees are based solely on performance and are not calculated as an asset-based fee (as of June 30, 2026).

(C) 

Equity and fixed-income programs include $8.9 billion of assets in various asset allocation funds (as of June 30, 2026).

(D) 

In addition to the assets presented, SEI also administers an additional $14.3 billion in Funds of Funds assets on which SEI does not earn an administration fee (as of June 30, 2026).

(E) 

Beginning June 30, 2026, assets related to Stratos Wealth Holdings are no longer reported on a one month lag. Prior period asset balances have been revised to conform with the current period presentation.

AVERAGE ASSET BALANCES

(In millions) (Unaudited)

2nd Qtr.

3rd Qtr.

4th Qtr.

1st Qtr.

2nd Qtr.

2025

2025

2025

2026

2026

Investment Managers:

Collective trust fund programs (A)

$215,085

$231,088

$240,285

$248,851

$259,655

Liquidity funds

288

385

492

565

506

Total assets under management

$215,373

$231,473

$240,777

$249,416

$260,161

Client assets under administration

1,098,925

1,174,961

1,225,392

1,280,581

1,332,630

Total assets

$1,314,298

$1,406,434

$1,466,169

$1,529,997

$1,592,791

Private Banks:

Equity and fixed-income programs

$26,533

$28,051

$29,087

$30,696

$32,005

Collective trust fund programs

3

3

3

3

4

Liquidity funds

2,771

2,834

2,371

2,150

1,717

Total assets under management

$29,307

$30,888

$31,461

$32,849

$33,726

Client assets under administration

8,266

8,665

8,977

9,282

9,455

Total assets

$37,573

$39,553

$40,438

$42,131

$43,181

Investment Advisors:

Equity and fixed-income programs

$76,629

$82,735

$85,896

$88,403

$92,424

Liquidity funds

3,464

3,378

3,418

3,518

3,338

Total Platform assets under management

$80,093

$86,113

$89,314

$91,921

$95,762

Platform-only assets

27,288

30,874

33,022

34,485

36,768

Platform-only assets-deposit program

2,152

2,136

2,135

2,309

2,273

Total Platform assets

$109,533

$119,123

$124,471

$128,715

$134,803

Institutional Investors:

Equity and fixed-income programs

$77,843

$80,802

$83,739

$84,393

$85,302

Liquidity funds

1,853

1,810

1,947

1,941

1,702

Total assets under management

$79,696

$82,612

$85,686

$86,334

$87,004

Client assets under advisement

5,841

6,274

5,413

3,657

3,703

Total assets

$85,537

$88,886

$91,099

$89,991

$90,707

Investments in New Businesses:

Equity and fixed-income programs

$2,732

$2,934

$3,021

$3,106

$3,260

Liquidity funds

244

255

288

319

258

Total assets under management

$2,976

$3,189

$3,309

$3,425

$3,518

Client assets under administration (E)

14,917

—

—

—

—

Client assets under advisement

2,329

2,428

2,408

2,335

2,425

Total assets

$20,222

$5,617

$5,717

$5,760

$5,943

LSV Asset Management:

Equity and fixed-income programs (B)

$89,422

$92,969

$97,304

$104,619

$115,862

Stratos Wealth Holdings (F)

$—

$—

$38,507

$39,317

$40,559

Total:

Equity and fixed-income programs (C)

$273,159

$287,491

$299,047

$311,217

$328,853

Collective trust fund programs

215,088

231,091

240,288

248,854

259,659

Liquidity funds

8,620

8,662

8,516

8,493

7,521

Total assets under management

$496,867

$527,244

$547,851

$568,564

$596,033

Client assets under advisement

8,170

8,702

7,821

5,992

6,128

Client assets under administration (D)

1,122,108

1,183,626

1,234,369

1,289,863

1,342,085

Platform-only assets

29,440

33,010

35,157

36,794

39,041

Stratos Wealth Holdings

—

—

38,507

39,317

40,559

Total assets

$1,656,585

$1,752,582

$1,863,705

$1,940,530

$2,023,846

(A) 

Collective trust fund program average assets in the Investment Managers segment are included in assets under management since SEI is the trustee. Fees earned on this product are less than fees earned on customized asset management programs.

(B) 

Equity and fixed-income programs during second-quarter 2026 include $1.4 billion of average assets managed by LSV in which fees are based solely on performance and are not calculated as an asset-based fee.

(C) 

Equity and fixed-income programs include $8.6 billion of average assets in various asset allocation funds during second-quarter 2026.

(D) 

In addition to the assets presented, SEI also administers an additional $13.8 billion of average assets in Funds of Funds assets during second-quarter 2026 on which SEI does not earn an administration fee.

(E) 

Client assets under administration related to the Family Office Services business divested on June 30, 2025.

(F) 

Beginning in second-quarter 2026, average assets related to Stratos Wealth Holdings are no longer reported on a one month lag. Prior period average assets have been revised to conform with the current period presentation.

SALES EVENTS

(In thousands) (Unaudited)

Net Recurring Sales Events

2nd Qtr.

2025

3rd Qtr.

2025

4th Qtr.

2025

1st Qtr.

2026

2nd Qtr.

2026

Investment Processing-related Businesses:

Investment Managers

$21,928

$27,460

$19,150

$46,848

$27,856

Private Banks

254

(6,713)

5,670

1,571

4,207

Total Investment Processing-related Businesses

$22,182

$20,747

$24,820

$48,419

$32,063

Asset Management-related Businesses:

Private Banks-AMD

($174)

($1,674)

($1,567)

$1,983

$2,938

Investment Advisors

(1,654)

1,230

(728)

7,044

(1,685)

Institutional Investors

2,544

(594)

(5,025)

(2,935)

(1,102)

Total Asset Management-related Businesses

$716

($1,038)

($7,320)

$6,092

$151

Newer Initiatives:

Investments in New Businesses

$1,245

$1,208

$1,248

$2,631

$361

Total Net Recurring Sales Events

$24,143

$20,917

$18,748

$57,142

$32,575

Professional Services Sales Events

2nd Qtr.

3rd Qtr.

4th Qtr.

1st Qtr.

2nd Qtr.

2025

2025

2025

2026

2026

Investment Processing-related Businesses:

Investment Managers

$1,102

$2,465

$1,347

$3,672

$4,179

Private Banks

2,373

7,087

23,409

4,950

5,934

Total Investment Processing-related Businesses

$3,475

$9,552

$24,756

$8,622

$10,113

Newer Initiatives:

Investments in New Businesses

$1,552

$71

$95

$1,389

$768

Total Professional Services Sales Events

$5,027

$9,623

$24,851

$10,011

$10,881

Total Sales Events

2nd Qtr.

3rd Qtr.

4th Qtr.

1st Qtr.

2nd Qtr.

2025

2025

2025

2026

2026

Investment Processing-related Businesses:

Investment Managers

$23,030

$29,925

$20,497

$50,520

$32,035

Private Banks

2,627

374

29,079

6,521

10,141

Total Investment Processing-related Businesses

$25,657

$30,299

$49,576

$57,041

$42,176

Asset Management-related Businesses:

Private Banks-AMD

($174)

($1,674)

($1,567)

$1,983

$2,938

Investment Advisors

(1,654)

1,230

(728)

7,044

(1,685)

Institutional Investors

2,544

(594)

(5,025)

(2,935)

(1,102)

Total Asset Management-related Businesses

$716

($1,038)

($7,320)

$6,092

$151

Newer Initiatives:

Investments in New Businesses

$2,797

$1,279

$1,343

$4,020

$1,129

Total Sales Events

$29,170

$30,540

$43,599

$67,153

$43,456

Non-GAAP Information & Reconciliations
(In thousands, except per share data) (Unaudited)

We present certain non-GAAP financial measures to supplement the consolidated financial statements prepared in accordance with GAAP. Management believes these measures provide useful information to investors by enhancing the understanding of our core operating performance and facilitating comparisons across reporting periods. These non-GAAP measures are also used by our management to evaluate operating results, allocate resources, and assess performance against strategic objectives.

These non-GAAP financial measures should be viewed in addition to, and not as a substitute for, reported results prepared in accordance with GAAP.

The following schedules reconcile U.S. GAAP financial measures to non-GAAP financial measures for the three and six months ended June 30, 2026 and 2025:

For the Three Months
Ended June 30,

For the Six Months
Ended June 30,

2026

2025

2026

2025

Net income attributable to SEI Investments Company (U.S. GAAP basis)

$195,658

$227,083

$370,145

$378,600

Non-GAAP adjustments:

Acquisition-related:

Third party costs (A)

—

820

—

820

Intangible assets amortization & impairments (B)

7,057

3,157

13,691

6,606

Total acquisition-related

7,057

3,977

13,691

7,426

Gain on sale of asset/business (C)

—

(94,412)

—

(94,412)

Litigation settlements and insurance proceeds (D)

3,808

(4,500)

3,808

(4,500)

Income tax effect (E)

(2,338)

21,142

(3,891)

20,354

Adjusted net income attributable to SEI Investments Company (non-

GAAP basis)

$204,185

$153,290

$383,753

$307,468

Diluted EPS (U.S. GAAP basis)

$1.59

$1.78

$2.99

$2.95

Adjusted diluted EPS (non-GAAP basis)

$1.66

$1.20

$3.10

$2.40

Diluted weighted average shares outstanding

123,334

127,278

123,914

128,364

Income from operations (U.S. GAAP Basis)

$197,016

$148,635

$386,502

$305,732

Operating margin (U.S. GAAP Basis)

31 %

27 %

31 %

28 %

Non-GAAP adjustments:

Acquisition-related:

Third party costs (A)

—

820

—

820

Intangible assets amortization & impairments (B)

9,935

3,157

19,132

6,606

Total acquisition-related

9,935

3,977

19,132

7,426

Adjusted income from operations (non-GAAP Basis)

$206,951

$152,612

$405,634

$313,158

Adjusted operating margin (non-GAAP basis)

32 %

27 %

32 %

28 %

(A) 

This non-GAAP adjustment removes incremental and directly attributable costs incurred to execute acquisitions, such as third-party advisory, legal, accounting, valuation, and due diligence. For 2025, this non-GAAP adjustment consisted of the legal costs, advisory fees, and due diligence fees in relation to the Stratos acquisition. Management believes adjusting for these charges helps the reader's ability to understand our core operating results and increases comparability quarter to quarter.

(B) 

This non-GAAP adjustment removes the impact of amortization expense associated with acquired intangible assets (e.g., customer relationships, technology, trade names). This non-GAAP adjustment removes only amortization recorded in the current period related to acquired intangibles from prior acquisitions. The non-GAAP adjustments in 2026 include the amortization of the acquired intangibles from the Stratos acquisition, which closed in December 2025. Management included the Stratos related amortization expense net of the 42.5% NCI adjustment for the adjusted EPS calculation. However, this adjustment is not inclusive of the NCI portion for adjusted operating margin. The associated revenues are not adjusted. Management believes adjusting for these charges helps the reader's ability to understand our core operating results and increases comparability quarter to quarter.

(C) 

This non-GAAP adjustment removes realized gains on the sale of assets owned or entities under our control, out of the normal course of business. In 2025, the adjustment consisted of the realized gain from the sale of Family Office Services (FOS). Management believes adjusting for these gains helps the reader's ability to understand our core operating results and increases comparability quarter to quarter.

(D) 

This non-GAAP adjustment removes individually significant litigation settlements and insurance proceeds. In 2026, this non-GAAP adjustment was related to litigation settlements. In 2025, this non-GAAP adjustment consisted of a $4.5M settlement related to a vendor matter. Management included both of these transactions as non-GAAP adjustments since they were both out of the normal course of business. Management believes adjusting for these items helps the reader's ability to understand our core operating results and increases comparability quarter to quarter.

(E) 

Income tax effects are presented as a separate reconciling item (not netted within each adjustment). For performance measures, the tax effect reflects current and deferred tax expense commensurate with the adjusted measure of profitability. The methodology used (e.g., statutory rate, effective rate, or discrete item approach) is consistently applied. All of the above items use a systematic approach.

SOURCE SEI Investments Company