Boston Partners Decreases Position in Silvercrest Asset Management Group Inc. (NASDAQ:SAMG)

Boston Partners reduced its stake in Silvercrest Asset Management Group Inc. (NASDAQ:SAMG) by 2.0% during the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 208,072 shares of the asset manager’s stock after selling 4,314 shares during the period. Boston Partners’ holdings in Silvercrest Asset Management Group were worth $3,826,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in SAMG. Martingale Asset Management L P grew its position in shares of Silvercrest Asset Management Group by 111.2% in the 3rd quarter. Martingale Asset Management L P now owns 22,447 shares of the asset manager’s stock valued at $387,000 after buying an additional 11,818 shares during the last quarter. Geode Capital Management LLC increased its stake in Silvercrest Asset Management Group by 4.9% in the third quarter. Geode Capital Management LLC now owns 223,418 shares of the asset manager’s stock valued at $3,852,000 after purchasing an additional 10,477 shares during the period. Barclays PLC raised its holdings in shares of Silvercrest Asset Management Group by 48.8% in the third quarter. Barclays PLC now owns 30,814 shares of the asset manager’s stock valued at $531,000 after buying an additional 10,110 shares during the last quarter. JPMorgan Chase & Co. boosted its stake in shares of Silvercrest Asset Management Group by 80.8% during the third quarter. JPMorgan Chase & Co. now owns 20,605 shares of the asset manager’s stock worth $355,000 after buying an additional 9,209 shares during the period. Finally, Jane Street Group LLC grew its holdings in shares of Silvercrest Asset Management Group by 55.6% during the third quarter. Jane Street Group LLC now owns 20,030 shares of the asset manager’s stock worth $345,000 after buying an additional 7,155 shares during the last quarter. Institutional investors and hedge funds own 47.59% of the company’s stock.

Silvercrest Asset Management Group Price Performance

Shares of NASDAQ SAMG opened at $16.28 on Friday. The stock has a fifty day moving average price of $17.93 and a 200 day moving average price of $17.65. Silvercrest Asset Management Group Inc. has a 1-year low of $13.93 and a 1-year high of $19.20. The company has a market cap of $221.96 million, a PE ratio of 20.35 and a beta of 0.84.

Silvercrest Asset Management Group (NASDAQ:SAMG) last released its earnings results on Thursday, March 6th. The asset manager reported $0.20 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 during the quarter, compared to analyst estimates of $31.97 million.

Silvercrest Asset Management Group Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Friday, March 21st. Shareholders of record on Friday, March 14th were given a dividend of $0.20 per share. This represents a $0.80 annualized dividend and a yield of 4.91%. The ex-dividend date was Friday, March 14th. Silvercrest Asset Management Group’s payout ratio is 79.21%.

Analyst Upgrades and Downgrades

Separately, StockNews.com downgraded Silvercrest Asset Management Group from a “strong-buy” rating to a “buy” rating in a research note on Thursday.

About Silvercrest Asset Management Group

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.