Silvercrest Asset Management Group Inc. (NASDAQ:SAMG) announced a quarterly dividend on Friday, August 4th, Zacks reports. Investors of record on Friday, September 15th will be given a dividend of 0.12 per share by the asset manager on Friday, September 22nd. This represents a $0.48 dividend on an annualized basis and a yield of 3.64%. The ex-dividend date is Thursday, September 14th.

Silvercrest Asset Management Group (NASDAQ:SAMG) traded up 3.53% during mid-day trading on Friday, reaching $13.20. The company had a trading volume of 9,696 shares. The firm’s 50-day moving average price is $12.55 and its 200-day moving average price is $13.06. Silvercrest Asset Management Group has a 12 month low of $11.07 and a 12 month high of $14.95. The stock has a market cap of $107.01 million, a PE ratio of 16.92 and a beta of 1.27.

Silvercrest Asset Management Group (NASDAQ:SAMG) last released its earnings results on Thursday, August 3rd. The asset manager reported $0.23 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.22 by $0.01. The firm 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%. Equities research analysts forecast that Silvercrest Asset Management Group will post $0.90 EPS for the current fiscal year.

An institutional investor recently raised its position in Silvercrest Asset Management Group stock. State Street Corp lifted its holdings in shares of Silvercrest Asset Management Group Inc. (NASDAQ:SAMG) by 13.1% in the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 80,820 shares of the asset manager’s stock after buying an additional 9,354 shares during the period. State Street Corp owned about 1.00% of Silvercrest Asset Management Group worth $1,086,000 at the end of the most recent quarter. Institutional investors and hedge funds own 73.46% of the company’s stock.

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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.

Dividend History for Silvercrest Asset Management Group (NASDAQ:SAMG)

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