Mackenzie Financial Corp Boosts Stake in SEI Investments Asset Management Firm
July 22, 2023
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Mackenzie Financial Corp, a prominent Canadian financial services firm, has recently announced an increased stake in SEI ($NASDAQ:SEIC) Investments, one of the most respected asset management firms in the world. With this increased investment, Mackenzie has further solidified its position in the asset management industry. SEI Investments is a publicly traded company listed on the Nasdaq Stock Market that provides asset management services to both individuals and institutions. It has a long history of delivering quality investment results, and its expertise spans a wide range of sectors including private equity, real estate, hedge funds, and global financial services. The company has built up a large and diverse customer base across North America, Europe, and Asia.
It also offers specialized services such as retirement planning, tax planning, and portfolio management. Investors who have their investments managed by SEI can rest assured that their money is in the hands of a reliable and experienced firm. The increased stake held by Mackenzie Financial Corp serves as an endorsement of SEI’s commitment to providing quality services for its customers.
Price History
On Wednesday, Mackenzie Financial Corp made a significant move in the asset management sector by increasing its stake in SEI Investments. The stock opened at $63.0 and closed at $63.9, representing a 1.6% increase from the prior closing price of $62.9. The move by Mackenzie Financial Corp is a sign of confidence in the asset management firm, indicating that they have confidence in its success. The increase in stock price reflects the positive sentiment of investors in the firm, and this decision could potentially result in increased profits for both Mackenzie Financial Corp and SEI Investments. Live Quote…
About the Company
Income Snapshot
Below shows the total revenue, net income and net margin for Sei Investments. More…
| Total Revenues | Net Income | Net Margin |
| 1.88k | 392.17 | 21.0% |
Cash Flow Snapshot
Below shows the cash from operations, investing and financing for Sei Investments. More…
| Operations | Investing | Financing |
| 566.12 | -89.81 | -437.24 |
Balance Sheet Snapshot
Below shows the total assets, liabilities and book value per share for Sei Investments. More…
| Total Assets | Total Liabilities | Book Value Per Share |
| 2.32k | 304.16 | 14.32 |
Key Ratios Snapshot
Some of the financial key ratios for Sei Investments are shown below. More…
| 3Y Rev Growth | 3Y Operating Profit Growth | Operating Margin |
| 4.1% | -8.1% | 26.8% |
| FCF Margin | ROE | ROA |
| 26.2% | 15.8% | 13.5% |
Analysis
GoodWhale recently conducted an analysis of SEI INVESTMENTS‘ wellbeing. According to our Star Chart, SEI INVESTMENTS has a high health score of 10/10 with regard to its cashflows and debt, indicating that it is capable of sustaining future operations even in times of crisis. This, along with the company’s track record of paying out consistent and sustainable dividends, led us to classify SEI INVESTMENTS as a ‘cow’. We believe that this type of company would be of interest to long-term investors, who are looking for reliable and steady returns over time. Furthermore, our analysis revealed that SEI INVESTMENTS is strong in terms of asset, dividend, and profitability but weak in terms of growth. As such, investors should consider these factors before deciding to invest in SEI INVESTMENTS. More…
Peers
The company’s clients include financial institutions, corporations, and high-net-worth individuals. SEI Investments Co. operates in three segments: Investment Management, Investment Processing, and Investment Operations. SEI Investments Co. competes with Vontobel Holding AG, Ninety One PLC, and CI Financial Corp. These companies also provide investment management, investment processing, and investment operations solutions to their clients.
– Vontobel Holding AG ($OTCPK:VONHF)
As of 2022, Vontobel Holding AG has a market cap of 3.11B. The company is a financial services provider that offers a range of services, including asset management, private banking, and investment banking.
– Ninety One PLC ($LSE:N91)
Ninety One PLC is a publicly traded company with a market capitalization of 1.63 billion as of 2022. The company has a Return on Equity of 66.37%. Ninety One PLC is engaged in the business of providing investment management services. The company offers a range of services including asset management, investment advisory, and private wealth management.
– CI Financial Corp ($TSX:CIX)
CI Financial Corp is a wealth management company headquartered in Toronto, Canada. As of 2021, it had $208 billion in assets under management and administration, and over 2,000 employees. The company offers a range of financial services and products, including asset management, investment banking, insurance, and mortgages.
Summary
SEI Investments is a leading provider of asset management services, and has recently experienced an increase in investment from Mackenzie Financial Corp. Analysts have suggested that this surge in attention is likely due to SEI’s strong performance in the sector since its foundation, and its potential for further growth. The firm’s portfolio includes a range of investments, including stocks, bonds, commodities, and real estate. It also offers tailored asset management solutions for both individual and institutional clients. While the market will remain volatile, SEI Investments’ potential for continued success makes it an attractive option for investors looking for long-term growth.
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