Silvercrest Asset Management Group Inc. (NASDAQ:SAMG) Shares Will Pay Quarterly Dividend of $0.21

Silvercrest Asset Management Group Inc. (NASDAQ:SAMG) declared a quarterly dividend on Thursday, October 29th. Investors of record on Friday, December 11th will be paid a dividend of $0.21 per share by the asset manager on Friday, December 18th. This represents a $0.84 dividend on an annualized basis and a dividend yield of 8.1%. The ex-dividend date is Friday, December 11th.

Silvercrest Asset Management Group has increased its dividend payment by an average of 0.1% annually over the last three years and has raised its dividend annually for the last 1 consecutive years. Silvercrest Asset Management Group has a payout ratio of 58.3% meaning its dividend is sufficiently covered by earnings. Equities analysts expect Silvercrest Asset Management Group to earn $0.99 per share next year, which means the company should continue to be able to cover its $0.84 annual dividend with an expected future payout ratio of 84.8%.

Silvercrest Asset Management Group Trading Down 0.9%

Shares of NASDAQ:SAMG opened at $10.35 on Friday. The stock has a market capitalization of $122.63 million, a P/E ratio of 94.10 and a beta of 0.64. Silvercrest Asset Management Group has a 12-month low of $9.09 and a 12-month high of $16.16. The stock’s 50-day moving average price is $10.14 and its 200-day moving average price is $12.03.

Silvercrest Asset Management Group (NASDAQ:SAMG) last issued its quarterly earnings data on Thursday, October 29th. The asset manager reported $0.16 EPS for the quarter, beating the consensus estimate of $0.11 by $0.05. Silvercrest Asset Management Group had a net margin of 0.72% and a return on equity of 8.71%. The firm had revenue of $32.71 million during the quarter, compared to the consensus estimate of $31.85 million. As a group, research analysts predict that Silvercrest Asset Management Group will post 0.47 EPS for the current year.

Analyst Upgrades and Downgrades

A number of brokerages have recently issued reports on SAMG. Weiss Ratings downgraded Silvercrest Asset Management Group from a “hold (c-)” rating to a “sell (d+)” rating in a report on Thursday, August 20th. Zacks Research upgraded Silvercrest Asset Management Group from a “strong sell” rating to a “hold” rating in a research note on Tuesday, July 28th. Finally, Wall Street Zen raised Silvercrest Asset Management Group from a “sell” rating to a “hold” rating in a research note on Saturday, August 1st. One investment analyst has rated the stock with a Hold rating and one has given a Sell rating to the company’s stock. Based on data from MarketBeat, the company has an average rating of “Reduce”.

About Silvercrest Asset Management Group

Silvercrest Asset Management Group, Inc is an investment advisory and wealth management firm serving high-net-worth individuals, families, family offices, institutions, and charitable organizations. The company provides customized investment management and financial planning services designed to address clients’ long-term wealth objectives.

Its services include portfolio management, asset allocation, manager selection, wealth planning, family office support, and advice related to trusts, estates, and other complex financial matters.