On Jun 8, 2016, we issued an updated research report on SEI Investments Co. (NASDAQ:SEIC) . This asset management company enjoys a diversified revenue stream as well as a strong global presence. Also, it experiences robust asset inflows and a broad client base. Hence, its revenues have grown at a CAGR of 8.2% over the past six years (2010–2015).
Apart from this, SEI Investments continues to impress with its capital deployment activities. In Apr 2016, the company increased its share buyback authorization by an additional $200 million. Moreover, in Dec 2015, the company hiked its semi-annual dividend by 8% to $0.26 per share. Driven by its strong balance sheet position, the company is expected to continue deploying capital meaningfully.
Positive Estimate Revisions
Driven by these catalysts, analysts have been bullish on SEI Investments. As seen in the chart below, over the last 60 days, the Zacks Consensus Estimate has risen 5.2% to $2.03 for 2016 and 4.2% to $2.48 for 2017.
SEI Investments currently has a Zacks Rank #2 (Buy).
Stock Performance
The stock has performed impressively, having jumped more than 25% over the last three months..jpg)
Further, SEI Investments boasts a strong return on equity ratio of 24.89%, compared with the industry average of 11.18%.
Other Stocks Worth a Look
Some other stocks in the same industry worth considering include OM Asset Management plc (NYSE:OMAM) , GAMCO Investors, Inc. (NYSE:GBL) and Artisan Partners Asset Management Inc. (NYSE:APAM) . All these stocks have the same Zacks Rank as SEI Investments.
GAMCO INVESTORS (GBL): Free Stock Analysis Report
SEI INVESTMENTS (SEIC): Free Stock Analysis Report
OM ASSET MGMT (OMAM): Free Stock Analysis Report
ARTISAN PTNR AM (APAM): Free Stock Analysis Report
Original post
Zacks Investment Research
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Why SEI Investments Should Be Part Of Your Portfolio Now
Published 06/09/2016, 06:20 AM
Updated 07/09/2023, 06:31 AM
Why SEI Investments Should Be Part Of Your Portfolio Now
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