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How Has SEI Investments Performed Compared to Its Peers?

Gabriel Kane

Key US Equity Market Updates for October 21

(Continued from Prior Part)

SEI Investments and its peers

In this article, we’ll compare SEI Investments to its industry peers:

  • The forward PE (price-to-earnings) ratios of SEI Investments (SEIC), the Bank of New York Mellon (BK), State Street (STT), Franklin Resources (BEN), and Northern Trust Corporation (NTRS) are 21.29x, 13.16x, 12.28x, 12.14x, and 15.34x, respectively.

  • The PBV (price-to-book value) ratios of SEI, Bank of New York Mellon, State Street, Franklin Resources, and Northern Trust are 6.19x, 1.27x, 1.47x, 1.93x, and 1.86x, respectively.

Thus, SEI Investments has outperformed its peers based on forward PE and PBV.

ETFs that invest in SEI Investments

The PowerShares KBW Capital Markets Portfolio (KBWC) invests 4.7% of its holdings in SEI. The ETF tracks an index of large-cap capital markets companies weighted in tiers.

The SPDR S&P Capital Markets ETF (KCE) invests 2.7% of its holdings in SEI. The ETF tracks an equal-weighted index of capital markets companies.

The First Trust Mid Cap Growth AlphaDex ETF (FNY) invests 1.3% of its holdings in SEI. The ETF tracks a tiered equal-weighted index of midcap growth stocks selected by S&P’s AlphaDex selection methodology from the S&P 400 Index.

Comparing SEI Investments and its ETFs

Now let’s look at SEI Investments compared to its ETFs:

  • The year-to-date price movement of SEI, KBWC, KCE, and FNY are 22.0%, -5.8%, -14.5%, and 0.4%, respectively.
  • The PE (price-to-earnings) ratios of SEI, KBWC, KCE, and FNY are 25.06x, 15.55x, 15.04x, and 27.66x, respectively.
  • The PBV (price-to-book value) ratios of SEI, KBWC, KCE, and FNY are 6.19x, 1.77x, 1.94x, and 3.79x, respectively.

Thus, SEI Investments has outperformed its ETFs based on price movement, PE, and PBV.

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