Piper Sandler analyst Crispin Love maintains $SEI Investments (SEIC.US)$ with a hold rating, and adjusts the target price from $74 to $77.
According to TipRanks data, the analyst has a success rate of 64.2% and a total average return of 10.3% over the past year.
Furthermore, according to the comprehensive report, the opinions of $SEI Investments (SEIC.US)$'s main analysts recently are as follows:
SEI Investments reported a remarkable quarter with record net sales, surpassing revenue expectations, cost efficiencies, an enhanced sweep program, and the most profitable pre-tax margin for Private Banks since 2009, characterized as a 'high-quality beat.' Anticipations for 2025 earnings per share have been increased by 7% to $5.02, attributed to elevated revenue projections and reduced expense forecasts, incorporating an expected 28.5% pre-tax margin for 2025.
SEI Investments exhibited a strong Q3 performance, with earnings per share reaching $1.19, surpassing both the estimated $1.06 and the consensus of $1.07. This notable achievement was largely the result of unexpectedly high revenue from PB&T and Investment Advisors segments.
Note:
TipRanks, an independent third party, provides analysis data from financial analysts and calculates the Average Returns and Success Rates of the analysts' recommendations. The information presented is not an investment recommendation and is intended for informational purposes only.
Success rate is the number of the analyst's successful ratings, divided by his/her total number of ratings over the past year. A successful rating is one based on if TipRanks' virtual portfolio earned a positive return from the stock. Total average return is the average rate of return that the TipRanks' virtual portfolio has earned over the past year. These portfolios are established based on the analyst's preliminary rating and are adjusted according to the changes in the rating.
TipRanks provides a ranking of each analyst up to 5 stars, which is representative of all recommendations from the analyst. An analyst's past performance is evaluated on a scale of 1 to 5 stars, with more stars indicating better performance. The star level is determined by his/her total success rate and average return.
