SEI Investments' Q4 Earnings Miss as Expenses Increase Y/Y

SEI Investments Co.’s (SEIC) fourth-quarter 2024 earnings per share (EPS) of $1.19 lagged the Zacks Consensus Estimate by a penny. Nonetheless, the bottom line reflected a rise of 30.8% from the prior-year quarter's level.Stay up-to-date with all quarterly releases: See Zacks Earnings Calendar.Results were affected by higher expenses. Nevertheless, higher revenues and a rise in assets under management (AUM) were tailwinds.Net income was $155.8 million, up 29% from the year-ago quarter's level. Our estimate ...