SEI Investment Company Records Highest Annual Cumulative Revenue with 14% Third-Quarter Revenue Growth
SEIC SEI Investments Co
$104.50 -3.62%
View chart & analysis → - 1CEO Ryan Hickey announced that SEI recorded 14% third-quarter revenue growth and 25% adjusted operating income growth compared to the previous year.
- 2Alternative asset managers accounted for 90% of SEI's investment manager sales events, with total annual cumulative net sales events reaching $157 million.
- 3SEI repurchased $215 million in shares during the third quarter and approved an additional $800 million share repurchase limit.
So what's the key point?
SEI Investment Company saw its revenue grow by 14% in the third quarter, reaching its highest earnings ever. The company also decided to buy back a lot of its own shares, which is good news for investors.
Source The Motley Fool +1 · View original ↗
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