|Bid||60.56 x 900|
|Ask||60.59 x 800|
|Day's Range||59.90 - 60.70|
|52 Week Range||42.27 - 63.84|
|Beta (3Y Monthly)||1.24|
|PE Ratio (TTM)||19.74|
|Earnings Date||Oct 21, 2019 - Oct 25, 2019|
|Forward Dividend & Yield||0.66 (1.09%)|
|1y Target Est||63.60|
TORONTO , Sept. 5, 2019 /PRNewswire/ -- SEI Investments Canada Company (SEI Canada) today announced the appointment of John Csaszar as Canadian Equity Portfolio Manager and Analyst in its Investment Management Unit, and Dexton Blackstock as Managing Director, Head of Canadian Business Development for SEI's Institutional Group.
In a bid to diversify in interest rate risk management business for banks' commercial borrowers, Stifel Financial (SF) seals deal to buy B&F Capital Markets.
(Bloomberg) -- As recession fears swirl, investors are chasing like never before defensive strategies that won big in the crisis. A quant at a $335 billion firm says it may be a recipe for disaster.A slew of safe stocks could prove anything but this time round -- they’re already crowded and expensive, warns Eugene Barbaneagra. That’s why the manager at SEI Investments Co. is snubbing a popular strategy tracked by systematic funds -- quality equities -- which now have diminished capacity to outperform.On the flipside, he’s placing a contrarian wager that shunned value stocks may have found a floor.“If the crisis were to repeat, there is a difference,” said Barbaneagra, who oversees equities and portfolios with third-party mandates. “The premium for quality is unlikely to go higher up because it’s just not worth it.”Recession fears have helped ramp up the performance of defensive styles like quality to near records versus the overall market, MSCI indexes show. The same goes for price-momentum strategies given their protective tilt right now. Relative premiums for value shares that are more sensitive to the growth cycle have plunged to near 15-year lows.All that has widened the schism between winners and losers this month to a level unseen in a decade, Evercore ISI said on Monday after calculating the dispersion of returns across factors.It suggests that a slew of investing styles dubbed ports in a storm will struggle to live up to their label if a recession takes hold, though Barbaneagra is not expecting another global crisis.U.S.-listed exchange-traded funds tracking quality firms from low leverage to steady profits have attracted $3.7 billion this year -- on track to be the biggest on record for the strategy.In one of the hottest debates in quantland, the SEI Investments manager departs from the likes of AQR Capital Management, which is skeptical about timing factors based on relative valuations.“Performance-chasing leads that fund manager to buy more and more of the same stocks for the same characteristics -- ultimately that makes the underlying factor very expensive,” according to the London-based investor. That’s also the case with price momentum right now, which buys the past year’s winners like defensive stocks and dumps losers like value, he said. Defensive styles still have capacity to outperform over the long haul, he added.The Pennsylvania-based firm has a mix of quantitative and discretionary allocation styles.The SEI veteran reckons cheap shares could hold their own even if the growth outlook darkens, a departure from the conventional wisdom that the group’s fortunes will only be revived if animal spirits return.“Cheap stocks are cheap because they carry some sort of a risk but they’re much, much cheaper than expensive stocks -- that would imply that that risk is well-priced,” he said.While a clutch of protective trades are looking dangerous, Barbaneagra still likes minimum-volatility but frets over-crowding in ETFs. Rising valuations of the cohort -- which includes bond proxies -- make sense given the plunge in interest rates, he said.U.S.-listed exchange-traded funds tracking steady stocks have amassed more than $16 billion this year.All told, Barbaneagra is not alone in fretting extremes in factor performance. Just this week, Evercore ISI strategists led by Dennis DeBusschere noted that the spread between price momentum and value has widened to the highest level this year.“The sharp increase suggests some reversion for risk-off factors if trade tensions continue to ease and macro data continues to beat expectations,” they wrote in a note.To contact the reporter on this story: Justina Lee in London at email@example.comTo contact the editors responsible for this story: Blaise Robinson at firstname.lastname@example.org, Sid Verma, Yakob PeterseilFor more articles like this, please visit us at bloomberg.com©2019 Bloomberg L.P.
Focus on core operations, a strong balance sheet and efforts to improve revenues are likely to aid Ameriprise (AMP). Yet, significant asset outflows and mounting expenses remain on the downside.
Stifel (SF) intends to acquire assets of George K. Baum & Company in order to fulfil its strategic vision of becoming a premier wealth management and investment banking firm.
SEI's Unified Wealth Management Solution Supports CIBC's Transformative Business Goals OAKS, Pa. , Aug. 12, 2019 /PRNewswire/ -- SEI (NASDAQ: SEIC) today announced CIBC U.S. Private Wealth Management has ...
SEI Canada Removes Hillsdale Investment Management Inc.'s Value Momentum Strategy from its Canadian Equity Fund
In these days of wild market fluctuations, revisiting your portfolio through the dual lenses of circles of competence and comfort can be quite helpful Continue reading...
The company was accused by current and former employees of packing its retirement plan with company-affiliated funds that performed poorly for investors.
Growth in deposits and lower expenses support TCF Financial's (TCF) second-quarter 2019 earnings. However, lower revenues and margins are undermining factors.
SEI (SEIC) delivered earnings and revenue surprises of 3.80% and -0.71%, respectively, for the quarter ended June 2019. Do the numbers hold clues to what lies ahead for the stock?
OAKS, Pa. , July 24, 2019 /PRNewswire/ -- SEI Investments Company (NASDAQ: SEIC) today announced financial results for the second-quarter 2019. Diluted earnings per share were $0.82 in second-quarter 2019 ...
Findings Underscore Need for True Goals-Based Wealth Management Approach OAKS, Pa. , July 18, 2019 /PRNewswire/ -- New research collected from surveys conducted by SEI (NASDAQ: SEIC) reveals that advisors ...
Public Invited to Monitor Conference Call at 4:30 p.m. Eastern Standard Time OAKS, Pa. , July 17, 2019 /PRNewswire/ -- SEI Investments Company (NASDAQ: SEIC) intends to release earnings for the second-quarter ...
SEI (SEIC) doesn't possess the right combination of the two key ingredients for a likely earnings beat in its upcoming report. Get prepared with the key expectations.