Silvercrest Asset Management Group (NASDAQ: SAMG – Get Rating) is expected to release quarterly results before market open on Friday, March 4. Analysts expect Silvercrest Asset Management Group to post earnings of $0.37 per share for the quarter.
Shares of SAMG opened at $16.41 on Friday. The company has a market capitalization of $237.16 million, a P/E ratio of 13.79 and a beta of 0.68. Silvercrest Asset Management Group has a 12-month low of $13.17 and a 12-month high of $18.21. The company’s fifty-day simple moving average is $16.98 and its 200-day simple moving average is $16.41.
The company also recently declared a quarterly dividend, which will be paid on Friday, March 18. Investors of record on Friday, March 11 will receive a dividend of $0.17. This represents an annualized dividend of $0.68 and a yield of 4.14%. The ex-dividend date is Thursday, March 10. Silvercrest Asset Management Group’s dividend payout ratio is currently 57.14%.
A number of analysts have weighed in on the stock recently. StockNews.com assumed coverage of Silvercrest Asset Management Group shares in a report released Tuesday. They issued a “Strong Buy” rating on the stock. Zacks Investment Research upgraded shares of Silvercrest Asset Management Group from a “buy” rating to a “hold” rating in a Tuesday, January 11 research note.
Institutional investors and hedge funds have recently bought and sold shares of the company. BlackRock Inc. increased its position in Silvercrest Asset Management Group by 2.7% during the 4th quarter. BlackRock Inc. now owns 99,898 shares of the asset manager worth $1,715,000 after buying an additional 2,592 shares in the last quarter. Susquehanna International Group LLP increased its equity stake in Silvercrest Asset Management Group by 64.2% during the 4th quarter. Susquehanna International Group LLP now owns 34,946 shares of the asset manager valued at $600,000 after buying an additional 13,662 shares last quarter. Bank of New York Mellon Corp increased its stake in shares of Silvercrest Asset Management Group by 4.4% during the third quarter. Bank of New York Mellon Corp now owns 35,887 shares of the asset manager valued at $559,000 after buying 1,513 additional shares last quarter. Morgan Stanley increased its stake in shares of Silvercrest Asset Management Group by 14.8% during the third quarter. Morgan Stanley now owns 29,228 shares of the asset manager valued at $456,000 after buying an additional 3,774 shares last quarter. Finally, Two Sigma Investments LP bought a new position in shares of Silvercrest Asset Management Group during Q3 valued at approximately $378,000. 44.34% of the stock is held by institutional investors.
About Silvercrest Asset Management Group (Get an assessment)
Silvercrest Asset Management Group, Inc operates as a wealth management company. The company provides traditional and alternative investment advisory and family office services to high net worth families and certain institutional investors. It also offers portfolio management, equity and fixed income services and outsourced investment services.
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