Sei Investments Company Reports Earnings Results for the Fourth Quarter Ended December 31, 2019
January 29, 2020 at 09:23 pm
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SEI Investments Company announced earnings results for the fourth quarter ended December 31, 2019. For the fourth quarter, the company announced total revenue was USD 423.225 million compared to USD 405.057 million a year ago. Net income was USD 128.737 million compared to USD 116.034 million a year ago. Basic earnings per share was USD 0.86 compared to USD 0.75 a year ago. Diluted earnings per share was USD 0.84 compared to USD 0.73 a year ago. For the full year, total revenue was USD 1,649.885 million compared to USD 1,624.167 million a year ago. Net income was USD 501.426 million compared to USD 505.868 million a year ago. Basic earnings per share was USD 3.31 compared to USD 3.23 a year ago. Diluted earnings per share was USD 3.24 compared to USD 3.14 a year ago.
SEI Investments Company provides technology and investment solutions that connect the financial services industry. Its segments include Private Banks, Investment Advisors, Institutional Investors, Investment Managers, and Investments in New Businesses. Its Private Banks segment provides outsourced investment processing and investment management platforms to banks and trust institutions, independent wealth advisers, and financial advisers worldwide. Its Investment Advisors segment provides investment management and investment processing platforms to affluent investors through a network of independent registered investment advisors, financial planners, and other investment professionals in the United States. The Institutional Investors segment provides outsourced chief investment officer solutions, including investment management and administrative outsourcing platforms to retirement plan sponsors, healthcare systems, higher education and other not-for-profit organizations worldwide.