SEI’s price movement
SEI Investments (SEIC) has a market cap of $8.1 billion. SEI’s YTD (year-to-date) price movement has been going up day by day in 2015. After the 3Q15 earnings report, SEIC fell by 3.2% to close at $48.62 per share on October 21, 2015, with the decrease in revenue and income of 0.6% and 7.9% in 3Q15. The price movement on a weekly, monthly, and YTD basis is 0.37%, -0.31%, and 22.0%, respectively.
The stock has broken the support of its 20-day and 50-day moving averages a few times in 2015. Currently, the stock is trading 0.54% below its 20-day moving average, 3.2% below its 50-day moving average, and 3.8% above its 200-day moving average.
The SPDR S&P Capital Markets ETF (KCE) invests 2.7% of its holdings in SEI. The ETF tracks an equal-weighted index of capital markets companies. The YTD price movement of KCE is -14.5% as of October 20, 2015.
The market caps of SEI Investments’ competitors are as follows:
- The Bank of New York Mellon (BK) — $45.2 billion
- State Street (STT) — $27.4 billion
- Franklin Resources (BEN) — $23.3 billion
- Northern Trust (NTRS) — $15.5 billion
SEI Investments’ performance in 3Q15
The company has reported net revenue of $335.6 million in 3Q15, a decrease of 0.62% on a quarterly basis. The revenue from private banks and investments in new businesses has increased by 0.82% and 2.0%, respectively. Revenue from investment advisors, institutional investors, and investment managers has fallen by 1.9%, 1.9%, and 0.17%, respectively, in 3Q15.
Net income and EPS (earnings per share) have fallen to $79.4 million and $0.47, respectively, in 3Q15, a fall of 7.9% and 7.8% when compared to the net income and EPS of $86.2 million and $0.51 per share in 2Q15. The cash and cash equivalents have risen to $647.6 million in 3Q15, an increase of 3.6% on a quarterly basis. The current ratio has fallen to 5.97, and the debt-to-equity ratio has risen to 0.17 in 3Q15 as compared to the current ratio and the debt-to-equity ratio of 6.51 and 0.16, respectively, in 2Q15.
On August 6, 2015, SEI Advisor Network crossed the $50 billion mark in assets under management (or AUM) for its TAMP business.
On September 22, 2015, SEI appointed Cai Rees as director of SEI’s Institutional Advice Team in the EMEA region to provide investment strategy advice to SEI’s institutional clients for large pension schemes.
About SEI Investments
SEI Investments provides asset management, investment processing, and investment operations solutions to institutional and individual wealth management.