Stock analysts expect Silvercrest Asset Management Group Inc. (NASDAQ: SAMG) to post earnings per share of $ 0.37 for the current quarter, Zacks investment research reports. Two analysts have provided earnings estimates for Silvercrest Asset Management Group. The highest EPS estimate is $ 0.38 and the lowest is $ 0.36. Silvercrest Asset Management Group posted earnings per share of $ 0.31 in the same quarter last year, indicating a positive year-over-year growth rate of 19.4%. The company is expected to announce its next quarterly earnings report on Thursday, March 3.
According to Zacks, analysts expect Silvercrest Asset Management Group to report annual earnings of $ 1.69 per share for the current year, with EPS estimates ranging from $ 1.68 to $ 1.69. For the next fiscal year, analysts predict the company will post earnings of $ 1.89 per share, with EPS estimates ranging from $ 1.80 to $ 1.98. Zacks Investment Research‘s EPS calculations are an average based on a survey of analysts who provide coverage for Silvercrest Asset Management Group.
Silvercrest Asset Management Group (NASDAQ: SAMG) last reported its quarterly results on Thursday, November 4. The asset manager reported earnings per share of $ 0.44 for the quarter, missing analyst consensus estimates of $ 0.45 per ($ 0.01). Silvercrest Asset Management Group recorded a return on equity of 22.60% and a net margin of 9.10%. The company posted revenue of $ 33.46 million for the quarter, compared to analysts’ expectations of $ 35.63 million. During the same period last year, the company posted earnings per share of $ 0.35.
Separately, Zacks investment research downgraded Silvercrest Asset Management Group shares from a “sell” rating to a “custody” rating in a research report on Thursday, November 11.
Silvercrest Asset Management Group shares traded up $ 0.30 during Thursday’s session, reaching $ 16.70. 81,123 shares of the company were traded, for an average volume of 41,528. The company’s 50-day simple moving average is $ 16.18. Silvercrest Asset Management Group has a 52 week low of $ 12.75 and a 52 week high of $ 17.66. The company has a market cap of $ 241.35 million, a price-to-earnings ratio of 14.03 and a beta of 0.67.
The company also recently disclosed a quarterly dividend, which was paid on Friday, December 17. Shareholders of record on Friday, December 10 received a dividend of $ 0.17. The ex-dividend date was Thursday, December 9. This represents a dividend of $ 0.68 on an annualized basis and a return of 4.07%. Silvercrest Asset Management Group’s dividend payout ratio is currently 57.14%.
A number of hedge funds have recently changed their holdings in the company. Globeflex Capital LP acquired a new stake in the shares of Silvercrest Asset Management Group in the second quarter valued at approximately $ 1,399,000. Dimensional Fund Advisors LP increased its stake in the shares of Silvercrest Asset Management Group by 3.6% in the 2nd quarter. Dimensional Fund Advisors LP now owns 147,940 shares of the asset manager valued at $ 2,225,000 after purchasing an additional 5,110 shares in the last quarter. Punch & Associates Investment Management Inc. increased its stake in the shares of Silvercrest Asset Management Group by 20.0% in the 2nd quarter. Punch & Associates Investment Management Inc. now owns 490,305 shares of the asset manager valued at $ 7,374,000 after purchasing an additional 81,657 shares in the last quarter. Pacific Ridge Capital Partners LLC increased its stake in the shares of Silvercrest Asset Management Group by 0.5% in the 2nd quarter. Pacific Ridge Capital Partners LLC now owns 429,962 shares of the asset manager valued at $ 6,467,000 after purchasing an additional 2,151 shares in the last quarter. Finally, Millennium Management LLC acquired a new stake in the shares of Silvercrest Asset Management Group in the second quarter for a value of approximately $ 2,576,000. Hedge funds and other institutional investors hold 46.16% of the company’s shares.
Silvercrest Asset Management Group Company Profile
Silvercrest Asset Management Group, Inc. operates as a wealth management company. The company provides traditional and alternative investment advice and family office services to high net worth families and select institutional investors. It also offers portfolio, equity and fixed income management services as well as outsourced investment services.
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