SEI INVESTMENTS CO
For the period ended Dec 31, 2024. Filed Feb 20, 2025.
View on SEC.govAbout this filing
A company's yearly report to the SEC, with audited financial statements. It is the fullest account a company gives of its business, its finances and the risks it sees.
FY2024 · Filed Feb 20, 2025
Extracted filing text, with the paragraph anchors used by the comparison.
See the whole filing, with its images and exhibitsContents
Item 4. Mine Safety Disclosures
None.
Part II
Price Range of Common Stock and Dividends:
Our common stock is traded on The Nasdaq Global Select Market® (NASDAQ) under the symbol “SEIC.” The following table shows the high and low sales prices for our common stock as reported by NASDAQ and the dividends declared on our common stock for the last two years. Our Board of Directors intends to declare future dividends on a semiannual basis.
| 2024 | High | Low | Dividends |
|---|---|---|---|
| First Quarter | $72.54 | $61.58 | $— |
| Second Quarter | 71.81 | 63.66 | 0.46 |
| Third Quarter | 70.16 | 62.38 | — |
| Fourth Quarter | 87.25 | 68.56 | 0.49 |
| 2023 | High | Low | Dividends |
|---|---|---|---|
| First Quarter | $64.69 | $53.93 | $— |
| Second Quarter | 59.87 | 56.10 | 0.43 |
| Third Quarter | 64.43 | 58.25 | — |
| Fourth Quarter | 64.94 | 52.20 | 0.46 |
According to the records of our transfer agent, there were 194 holders of record of our common stock on December 31, 2024. Because many of such shares are held by brokers and other institutions on behalf of stockholders, we are unable to estimate the total number of stockholders represented by these record holders.
For information on our equity compensation plans, refer to "Note 7. Shareholders' Equity" included in our Notes to Consolidated Financial Statements and Item 12 of this Annual Report on Form 10-K.
Stock Performance Graph:
The following graph shows a comparison from December 31, 2019 through December 31, 2024 of the cumulative total return for our common stock, the NASDAQ Market Index and an Industry Index, a blend of indices including 79% NASDAQ US Asset Managers and Custodians and 21% NASDAQ US Software. This information is obtained from sources believed to be reliable; however, we cannot guarantee their accuracy. Returns are based on historical performance and are not indicative of future results.
ASSUMES $100 INVESTED ON DECEMBER 31, 2019
ASSUMES DIVIDENDS REINVESTED
FISCAL YEAR ENDED DECEMBER 31,
Issuer Purchases of Equity Securities:
Our Board of Directors has authorized the repurchase of up to $6.228 billion worth of our common stock. Currently, there is no expiration date for our common stock repurchase program (See Note 7 to the Consolidated Financial Statements). On October 22, 2024, our Board of Directors approved an increase in the stock repurchase program by an additional $400.0 million.
Information regarding the repurchase of common stock during the three months ended December 31, 2024 is:
| Period | Total Number of Shares Purchased | Average Price Paid per Share (1) | Total Number ofShares Purchased asPart of PubliclyAnnounced Program | Approximate DollarValue of Shares thatMay Yet BePurchasedUnder the Program |
|---|---|---|---|---|
| October 2024 | 175,000 | $75.59 | 175,000 | $415,871,000 |
| November 2024 | 572,000 | 79.54 | 572,000 | 370,390,000 |
| December 2024 | 2,364,000 | 84.24 | 2,364,000 | 169,600,000 |
| Total | 3,111,000 | 82.89 | 3,111,000 |
(1) Average price paid per share does not include excise tax on stock repurchases.
The text of this filing, as the company filed it with the SEC, without its images or exhibits. This is not investment advice.