Silvercrest Asset Management Group Inc. (NASDAQ:SAMG) has been assigned an average broker rating score of 1.00 (Strong Buy) from the one brokers that cover 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 92 out of 265 based on the ratings given to related companies.

A number of large investors have recently made changes to their positions in the stock. First Bank & Trust raised its stake in Silvercrest Asset Management Group by 22.1% in the first quarter. First Bank & Trust now owns 9,119 shares of the asset manager’s stock valued at $121,000 after buying an additional 1,651 shares in the last quarter. Teachers Advisors LLC raised its position in Silvercrest Asset Management Group by 12.7% in the second quarter. Teachers Advisors LLC now owns 12,741 shares of the asset manager’s stock valued at $171,000 after buying an additional 1,439 shares during the period. TIAA CREF Investment Management LLC raised its position in Silvercrest Asset Management Group by 4.4% in the second quarter. TIAA CREF Investment Management LLC now owns 20,941 shares of the asset manager’s stock valued at $282,000 after buying an additional 891 shares during the period. Bank of New York Mellon Corp raised its position in Silvercrest Asset Management Group by 0.6% in the second quarter. Bank of New York Mellon Corp now owns 32,445 shares of the asset manager’s stock valued at $436,000 after buying an additional 187 shares during the period. Finally, State Street Corp raised its position in Silvercrest Asset Management Group by 13.1% in the second quarter. State Street Corp now owns 80,820 shares of the asset manager’s stock valued at $1,086,000 after buying an additional 9,354 shares during the period. Institutional investors own 73.94% of the company’s stock.

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Shares of Silvercrest Asset Management Group (NASDAQ:SAMG) traded up 1.24% on Friday, reaching $12.25. 12,218 shares of the company traded hands. The firm has a market capitalization of $99.31 million, a P/E ratio of 15.71 and a beta of 1.27. Silvercrest Asset Management Group has a 1-year low of $11.07 and a 1-year high of $14.95. The stock has a 50-day moving average price of $12.96 and a 200 day moving average price of $13.21.

Silvercrest Asset Management Group (NASDAQ:SAMG) last issued its quarterly earnings data on Thursday, August 3rd. The asset manager reported $0.23 EPS for the quarter, topping analysts’ consensus estimates of $0.22 by $0.01. Silvercrest Asset Management Group had a net margin of 7.38% and a return on equity of 17.17%. The business had revenue of $22.09 million during the quarter. Analysts anticipate that Silvercrest Asset Management Group will post $0.90 EPS for the current fiscal year.

The business also recently disclosed a quarterly dividend, which will be paid on Friday, September 22nd. Investors of record on Friday, September 15th will be issued a dividend of $0.12 per share. The ex-dividend date is Thursday, September 14th. This represents a $0.48 dividend on an annualized basis and a yield of 3.92%. Silvercrest Asset Management Group’s payout ratio is 61.54%.

Silvercrest Asset Management Group Company Profile

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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