SEI Investments Q1 Earnings Top Estimates as Revenues Increase Y/Y

SEI Investments Co.’s SEIC first-quarter 2025 earnings per share (EPS) of $1.17 beat the Zacks Consensus Estimate of $1.12. Moreover, the bottom line reflected a rise of 18.2% from the prior-year quarter's level.Results were aided by higher revenues and a rise in assets under management (AUM). However, higher expenses acted as spoilsports.Net income was $151.5 million, up 15.3% from the year-ago quarter's level. Our estimate for the metric was $145.8 million.SEIC’s Revenues & AUM Improve, Expenses RiseTotal revenues were $551.3 million, up 7.8% year over year. The rise was driven by higher asset management, administration, and distribution fees, as well as information processing and software servicing fees. Moreover, the top line surpassed the Zacks Consensus Estimate of $546.7 million.Total expenses were $394.2 million, up 2.2% year over year. The increase was driven by all the components except compensation, benefits and other personnel, and depreciation charges. Our estimate for the metric was $413.3 million.Operating income increased 24.8% year over year to $157.1 million. Our estimate for the metric was $131.6 million.As of March 31, 2025, AUM was $486 billion, reflecting a rise of 9.6% from the prior-year quarter's reported actuals. Client assets under administration (AUA) were $1.08 trillion, up 10.3% year over year. Client AUA did not include $10.9 billion related to Funds of Funds assets reported as of March 31, 2025.SEI Investments’ Share Repurchase UpdateIn the reported quarter, SEI Investments bought back 2.5 million shares for $192.8 million at an average price of $77.10 per share.Our View on SEICSEI Investments’ elevated operating expenses, driven by technological upgrades alongside concentrated fee-based revenues, are concerns. Nonetheless, global presence, diverse product offerings, solid balance sheet, strategic acquisitions and robust AUM balance are expected to support the top line.SEI Investments Company Price, Consensus and EPS Surprise SEI Investments Company price-consensus-eps-surprise-chart | SEI Investments Company QuoteCurrently, SEI Investments carries a Zacks Rank #4 (Sell).You can see the complete list of today’s Zacks #1 Rank (Strong Buy) stocks here.Performance of Other Asset ManagersInvesco’s IVZ first-quarter 2025 adjusted earnings of 44 cents per share surpassed the Zacks Consensus Estimate of 39 cents. Moreover, the bottom line jumped 33.3% from the prior-year quarter. (Find the latest EPS estimates and surprises on Zacks Earnings Calendar.)IVZ’s results were primarily aided by higher adjusted net revenues. An increase in the AUM balance due to decent inflows was positive too. However, higher adjusted operating expenses were a woe.BlackRock’s BLK first-quarter 2025 adjusted earnings of $11.30 per share handily surpassed the Zacks Consensus Estimate of $10.43. The figure reflects a rise of 15% from the year-ago quarter.BLK’s results benefited from a rise in revenues. AUM witnessed robust growth and touched a record high of $11.58 trillion, driven by net inflows and favorable forex impact, partially offset by market depreciation. However, higher expenses and lower non-operating income were headwinds.Zacks Names #1 Semiconductor StockIt's only 1/9,000th the size of NVIDIA which skyrocketed more than +800% since we recommended it. NVIDIA is still strong, but our new top chip stock has much more room to boom.With strong earnings growth and an expanding customer base, it's positioned to feed the rampant demand for Artificial Intelligence, Machine Learning, and Internet of Things. Global semiconductor manufacturing is projected to explode from $452 billion in 2021 to $803 billion by 2028.See This Stock Now for Free >>Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report BlackRock (BLK): Free Stock Analysis Report Invesco Ltd. (IVZ): Free Stock Analysis Report SEI Investments Company (SEIC): Free Stock Analysis ReportThis article originally published on Zacks Investment Research (zacks.com).Zacks Investment ResearchWeiter zum vollständigen Artikel bei Zacks Weiter zum vollständigen Artikel bei Zacks