Shares of Silvercrest Asset Management Group Inc. (NASDAQ:SAMG) have been assigned an average broker rating score of 1.00 (Strong Buy) from the one brokers that provide coverage for the stock, Zacks Investment Research reports. One equities research analyst has rated the stock with a strong buy recommendation.

Zacks has also given Silvercrest Asset Management Group an industry rank of 69 out of 265 based on the ratings given to its competitors.

Silvercrest Asset Management Group (SAMG) traded down 1.4966% during trading on Friday, hitting $15.7113. The stock had a trading volume of 23,354 shares. Silvercrest Asset Management Group has a 52 week low of $11.07 and a 52 week high of $16.25. The company has a 50-day moving average of $13.21 and a 200 day moving average of $13.08. The company has a market cap of $127.37 million, a price-to-earnings ratio of 20.1427 and a beta of 1.31.

Silvercrest Asset Management Group (NASDAQ:SAMG) last issued its quarterly earnings results on Thursday, August 3rd. The asset manager reported $0.23 earnings per share for the quarter, beating the consensus estimate of $0.22 by $0.01. The company had revenue of $22.09 million during the quarter. Silvercrest Asset Management Group had a return on equity of 17.17% and a net margin of 7.38%. On average, equities research analysts anticipate that Silvercrest Asset Management Group will post $0.90 EPS for the current year.

The business also recently declared a quarterly dividend, which was paid on Friday, September 22nd. Stockholders of record on Friday, September 15th were paid a $0.12 dividend. The ex-dividend date was Thursday, September 14th. This represents a $0.48 annualized dividend and a dividend yield of 3.01%. Silvercrest Asset Management Group’s payout ratio is 61.54%.

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In related news, Director Brian D. Dunn purchased 5,000 shares of the firm’s stock in a transaction dated Monday, September 11th. The stock was bought at an average price of $13.28 per share, with a total value of $66,400.00. Following the completion of the purchase, the director now owns 5,000 shares in the company, valued at approximately $66,400. The acquisition was disclosed in a filing with the SEC, which is accessible through this hyperlink. Corporate insiders own 9.56% of the company’s stock.

Several hedge funds have recently modified their holdings of SAMG. Teachers Advisors LLC grew its stake in Silvercrest Asset Management Group by 12.7% during the second quarter. Teachers Advisors LLC now owns 12,741 shares of the asset manager’s stock worth $171,000 after purchasing an additional 1,439 shares during the period. TIAA CREF Investment Management LLC grew its stake in Silvercrest Asset Management Group by 4.4% during the second quarter. TIAA CREF Investment Management LLC now owns 20,941 shares of the asset manager’s stock worth $282,000 after purchasing an additional 891 shares during the period. Bank of New York Mellon Corp grew its stake in Silvercrest Asset Management Group by 0.6% during the second quarter. Bank of New York Mellon Corp now owns 32,445 shares of the asset manager’s stock worth $436,000 after purchasing an additional 187 shares during the period. State Street Corp grew its stake in Silvercrest Asset Management Group by 13.1% during the second quarter. State Street Corp now owns 80,820 shares of the asset manager’s stock worth $1,086,000 after purchasing an additional 9,354 shares during the period. Finally, Russell Investments Group Ltd. grew its stake in Silvercrest Asset Management Group by 24.8% during the second quarter. Russell Investments Group Ltd. now owns 85,000 shares of the asset manager’s stock worth $1,143,000 after purchasing an additional 16,900 shares during the period. 45.91% of the stock is owned by institutional investors.

About Silvercrest Asset Management Group

Silvercrest Asset Management Group Inc (Silvercrest) is a full-service wealth management firm focused on providing financial advisory and related family office services to ultra-high net worth individuals and institutional investors. The Company offers a suite of family office services for families seeking oversight of financial affairs.

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