On Jul 3, 2013, we reiterated our long-term recommendation on
SEI Investments Co
) at Outperform based on its encouraging capital deployment
activities and robust asset inflows. Additionally, significant
improvement in its organic revenue generation capacity over the
past several quarters is expected to act as a positive catalyst.
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SEI INVESTMENTS (SEIC): Free Stock Analysis
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SEI Investments is a sound asset for yield-seeking investors.
Over the past several years, the company has been increasing its
dividend every year. In May 2013, the company hiked its
semi-annual dividend by 25% to 20 cents per share. It also
extended the share repurchase program by $100 million, which
increased the total shares to be repurchased to $139 million.
Apart from broad diversification and organic growth prospects,
SEI Investments has a strong presence across the globe mainly in
North America and Europe. Moreover, the company's diversified
products and revenue mix is expected to enable it to adapt easily
to the changing needs of the clients and continue to boost its
SEI Investments maintains a robust asset inflow. In the past
several years, the company recorded a rising trend in its assets
under management and administration. Moreover, due to the current
stabilization of the equity markets, asset inflows are expected
to significantly contribute to its earnings growth.
Moreover, SEI Investments' first-quarter 2013 earnings surpassed
the Zacks Consensus Estimate. Results benefited from top-line
growth, partially offset by higher expenses.
For SEI Investments, the Zacks Consensus Estimate for 2013
remained unchanged at $1.44 per share over the last 60 days. For
2014, the Zacks Consensus Estimate advanced 0.6% to $1.75 per
share over the same time frame. This company currently carries a
Zacks Rank #2 (Buy).
Other Stocks to Consider
Some other banks that are worth considering include
Noah Holdings Limited
) with a Zacks Rank #1 (Strong Buy) and
Ameriprise Financial, Inc
Artisan Partners Asset Management Inc
) with a Zacks Rank #2 (Buy).