Silvercrest Asset Management Group (NASDAQ:SAMG) Upgraded at StockNews.com

StockNews.com upgraded shares of Silvercrest Asset Management Group (NASDAQ:SAMG) from a buy rating to a strong-buy rating in a research report report published on Wednesday.

Silvercrest Asset Management Group Stock Up 0.2 %

NASDAQ:SAMG opened at $16.86 on Wednesday. The company has a market capitalization of $233.76 million, a PE ratio of 21.08 and a beta of 0.84. Silvercrest Asset Management Group has a 52-week low of $13.93 and a 52-week high of $19.20. The stock has a fifty day simple moving average of $18.08 and a 200-day simple moving average of $17.64.

Silvercrest Asset Management Group (NASDAQ:SAMG) last released its quarterly earnings results on Thursday, March 6th. The asset manager reported $0.20 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.33 by ($0.13). Silvercrest Asset Management Group had a return on equity of 11.40% and a net margin of 6.24%. The firm had revenue of $31.96 million for the quarter, compared to analyst estimates of $31.97 million.

Silvercrest Asset Management Group Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Friday, March 21st. Investors of record on Friday, March 14th will be paid a $0.20 dividend. This represents a $0.80 annualized dividend and a yield of 4.74%. The ex-dividend date of this dividend is Friday, March 14th. Silvercrest Asset Management Group’s payout ratio is 79.21%.

Institutional Trading of Silvercrest Asset Management Group

Several hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Gamco Investors INC. ET AL grew its holdings in Silvercrest Asset Management Group by 5.3% in the 4th quarter. Gamco Investors INC. ET AL now owns 20,000 shares of the asset manager’s stock valued at $368,000 after buying an additional 1,000 shares during the period. Wells Fargo & Company MN grew its holdings in shares of Silvercrest Asset Management Group by 28.3% during the 4th quarter. Wells Fargo & Company MN now owns 5,604 shares of the asset manager’s stock worth $103,000 after purchasing an additional 1,236 shares during the period. Connor Clark & Lunn Investment Management Ltd. grew its holdings in shares of Silvercrest Asset Management Group by 12.2% during the 4th quarter. Connor Clark & Lunn Investment Management Ltd. now owns 16,430 shares of the asset manager’s stock worth $302,000 after purchasing an additional 1,781 shares during the period. Diamond Hill Capital Management Inc. grew its holdings in shares of Silvercrest Asset Management Group by 1.4% during the 4th quarter. Diamond Hill Capital Management Inc. now owns 125,695 shares of the asset manager’s stock worth $2,312,000 after purchasing an additional 1,781 shares during the period. Finally, Barclays PLC grew its holdings in shares of Silvercrest Asset Management Group by 6.0% during the 4th quarter. Barclays PLC now owns 32,663 shares of the asset manager’s stock worth $601,000 after purchasing an additional 1,849 shares during the period. Hedge funds and other institutional investors own 47.59% of the company’s stock.

Silvercrest Asset Management Group Company Profile

Silvercrest Asset Management Group Inc, a wealth management firm, provides financial advisory and related family office services in the United States. The company serves ultra-high net worth individuals and families, as well as their trusts; endowments; foundations; and other institutional investors.