1. SEI approved an additional $500 million stock repurchase program. 2. Total repurchase authorization now stands at approximately $556 million. 3. SEI manages about $1.6 trillion in assets as of Dec 31, 2024.
Stock buyback programs often signal confidence in future performance and can enhance shareholder value. Historically, companies that repurchase shares see positive stock performance, especially when the repurchase plan is substantial.
The significant increase in the repurchase program demonstrates SEIC's financial health and strengthens investor confidence, which can lead to a price increase.
The immediate announcement of the buyback can boost investor sentiment and stock price quickly. Past examples show prices usually react positively within a few weeks post announcement.