SEI Investments Expands Share Repurchase Program

The company increased its stock buyback authorization by $800 million following a profitable third quarter.

Updated on Oct. 28, 2026 in Corporate Finance

Bold flat-color editorial illustration of a metallic abstract arch structure, symbolizing institutional strength and financial capital management. — SEI Investments Company has authorized an additional $800 million for share buybacks, citing a 24% increase in operating profit this quarter. AI Illustration. Upload story photo >

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SEI Investments Company has authorized an additional $800 million for share repurchases, bringing its total capacity to approximately $926 million. This move follows a period of strong performance, including a 24% increase in operating profit.

Why it matters

The board's decision to expand buybacks reflects the firm's improved operating efficiency and successful growth across its investment services and banking technology divisions. This capital allocation strategy aims to bolster shareholder returns as the company manages over $600 billion in assets.

Operating income reached $198 million on revenue of $662 million for the quarter ended September 30. During this period, the firm repurchased 2 million shares for a total cost of $215.1 million.

The players

SEI Investments Company

An Oaks, Pennsylvania-based financial services and investment technology firm that manages a significant portfolio of assets.

LSV Asset Management

A quantitative investment firm that operates as an affiliate and reported significant net outflows during the third quarter.

The details

Driven by gains in its core technology and service sectors, the firm maintained a 30% operating margin despite recording a $32.5 million charge tied to a terminated subsidiary purchase agreement. Assets under management were recorded at $606.4 billion by the end of the quarter.

September 30, 2026: The third quarter concluded with $606.4 billion in assets under management.
October 20, 2026: The board of directors approved the $800 million increase to the share repurchase authorization.

Market Landscape

The share repurchase increase follows the regulatory safe harbor provided by the SEC's Rule 10b-18. This strategy highlights a broader trend among mature financial institutions to utilize excess capital to stabilize stock price and return value to shareholders.

Investors may see a change in per-share earnings metrics as the company utilizes the newly authorized capital to reduce its outstanding share count. For clients, the firm's focus on operational efficiency suggests stability in the ongoing development of its banking technology platforms.

The takeaway

The firm is prioritizing capital returns while navigating the competitive landscape of asset management. Investors should monitor how the company balances share repurchases with the need to address significant outflows at its affiliate firms.