SEIC - SEI Investments Q2 earnings highlighted by Investment Managers Private Banks units
- SEI Investments ( NASDAQ: SEIC ) Q2 earnings on Wednesday came in mixed, but the asset manager experienced growth in its Investment Managers and Private Banks segments during the second quarter.
- Adjusted EPS of $0.81 missed the average analyst estimate of $0.83 and fell from $0.93 in Q2 2021. On the flip side, revenue of $481.7M exceeded the consensus of $472.2M and slipped from $475.7M in the year-ago period.
- For its Investment Managers unit, revenues increased to $155.9M in Q2 from $142.8M in Q2 a year ago.
- Revenue from Private Banks totaled $124.2M in Q2 vs. $123.7M in Q2 of last year.
- Total income from operations were $115.9M in at June 30, down from $136M at June 30, 2021.
- Asset under management of $403.6B at June 30 gained from $399.1B at June 30, 2021.
- Q2 expenses rose to $365.8M from $339.6M in Q2 2021.
- Conference call at 4:30 p.m. ET.
- At the beginning of June, SEI Investments declared a semi-annual dividend of $0.40 per share .
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SEI Investments Q2 earnings highlighted by Investment Managers, Private Banks units