Sei Invts Co Stock Price, News & Analysis

SEI (NASDAQ:SEIC) will attend the Raymond James Institutional Investors Conference on March 2, 2021. CFO Dennis McGonigle and Wayne Withrow will participate in a fireside chat at 12:30 p.m. ET, discussing SEI's five business segments and growth opportunities. One-on-one meetings will also be available. A replay of the fireside chat will be accessible on SEI's Investor Relations page until March 1, 2022. As of December 31, 2020, SEI manages approximately $1 trillion in assets, highlighting its role as a global provider of investment solutions.

Fred Alger Management has expanded its Collective Investment Trust (CIT) offerings with the launch of the Alger Focus Equity CIT, featuring around 50 large-cap stocks and over $3.2 billion in assets under management. This CIT aims to provide retirement plan clients with an attractive investment option amidst growing demand for CITs. SEI Trust Company serves as the trustee for the CITs, enhancing operational support. Additionally, these CITs are now listed on the Nasdaq Fund Network for greater accessibility and transparency. Alger has been a leader in growth equity investment for over 55 years.

SEI (NASDAQ:SEIC) has enhanced its partnership with the Association of Governing Boards of Universities and Colleges (AGB) to the Sustaining Champion level. This strategic alliance, active since 2013, aims to deliver investment and governance research to higher education boards. SEI currently manages assets worth over $32 billion for more than 460 institutional investors, including 175 nonprofit organizations. The partnership is expected to provide AGB members with valuable resources and industry expertise amidst significant changes in the higher education sector.

SEI (NASDAQ: SEIC) has launched its Systematic Core Strategies, aiming to modernize passive investing by allowing independent advisors to purchase a subset of stocks from broad market indices. This initiative enhances transparency and personalizes investment options for clients. The strategies include the U.S. Large Cap Core, U.S. All Cap Core, and International Developed Core (ADR), focusing on cost-effectiveness and active tax management. SEI's offerings target improved after-tax returns and greater control for advisors, supporting tailored investment solutions.

SEI Investments Company (NASDAQ:SEIC) reported fourth-quarter 2020 earnings with diluted EPS at $0.86, a 2% increase from $0.84 in Q4 2019. Revenues rose 5% to $443.7 million, while net income decreased 2% to $125.9 million. For the year, revenues grew 2% to $1.68 billion, but net income fell 11% to $447.3 million.

Sales events totaled $8.8 million in Q4, expected to yield $4.9 million in annual recurring revenues. The average assets under administration increased 16% to $779.7 billion.

SEI Investments Company (NASDAQ: SEIC) is scheduled to release its fourth-quarter 2020 earnings on January 27, 2021, after market close. A conference call will follow at 4:30 p.m. ET to discuss the financial results. Interested parties can access the call via the company's website. As of September 30, 2020, SEI manages approximately $1 trillion in assets.

SEI (NASDAQ:SEIC) announced its enhanced global investment stewardship strategy, integrating sustainability into shareholder engagement and proxy voting for its $248.1 billion assets under management as of Sept. 30, 2020. This strategy builds on SEI's extensive stewardship history, particularly in Europe, and involves collaboration with Sustainalytics to focus on sustainability themes. SEI also joined Climate Action 100+, aiming to engage significant greenhouse gas emitters to mitigate climate change risks.

On December 14, 2020, Nuveen announced the launch of the Nuveen TIAA Lifecycle Index CIT series, expanding its target date fund offerings. This new series consists of 13 funds, including 12 target-date funds spaced five years apart, catering to retirement dates from 2010 to 2065, alongside a retirement income fund. The CIT series will be managed by Nuveen's award-winning portfolio management team, enhancing their ability to serve plan sponsors. Nuveen currently manages approximately $535 billion in defined contribution assets, solidifying its position as a leading player in the retirement market.

SEI (NASDAQ: SEIC) announced a redesigned user interface (UI) for its Archway Platform℠ on December 14, 2020. The update enhances front-end technology, enabling large-scale innovations and improved user engagement. Key features include a refreshed appearance, branding options, streamlined settings, simplified navigation, and enhanced mobile reporting. The Archway Platform is recognized for its capabilities in family office services, managing $400 billion in assets. The enhancements aim to provide a modern experience while maintaining familiarity, benefiting clients and their end-users.