SEI INVESTMENTS CO
For the period ended Sep 30, 2024. Filed Oct 25, 2024.
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A company's report for each of its first three quarters. The financial statements are not audited. It shows how the business has moved since the last annual report, and what management says changed.
Sep 30, 2024 · Filed Oct 25, 2024
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Item 1A. Risk Factors
Information regarding risk factors appears in Part I – Item 1A of the Company’s Annual Report on Form 10-K for the year ended December 31, 2023. There have been no material changes in the risk factors from those disclosed in the Annual Report on Form 10-K for 2023.
(e) Our Board of Directors has authorized the repurchase of up to $5.828 billion worth of our common stock through multiple authorizations through September 30, 2024. Currently, there is no expiration date for the common stock repurchase program. On October 22, 2024, our Board of Directors approved an increase in the stock repurchase program by an additional $400.0 million, increasing the available authorization to approximately $429.1 million.
Information regarding the repurchase of common stock during the three months ended September 30, 2024 is as follows:
| Period | Total Numberof SharesPurchased | AveragePrice Paidper Share (1) | Total Number ofShares Purchased asPart of PubliclyAnnounced Program | Approximate DollarValue of Shares thatMay Yet BePurchasedUnder the Program |
|---|---|---|---|---|
| July 2024 | 125,000 | $67.28 | 125,000 | $106,504,000 |
| August 2024 | 623,000 | 66.02 | 623,000 | 65,359,000 |
| September 2024 | 525,000 | 67.64 | 525,000 | 29,100,000 |
| Total | 1,273,000 | $66.81 | 1,273,000 |
(1) Average price paid per share does not include excise tax on stock repurchases.
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