Silvercrest Asset Management Group Inc. (NASDAQ:SAMG) Director Brian D. Dunn acquired 5,000 shares of Silvercrest Asset Management Group stock in a transaction on Monday, September 11th. The shares were bought at an average cost of $13.28 per share, for a total transaction of $66,400.00. Following the completion of the transaction, the director now owns 5,000 shares in the company, valued at approximately $66,400. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website.

Shares of Silvercrest Asset Management Group Inc. (NASDAQ SAMG) traded down 1.53% on Thursday, reaching $12.85. 10,921 shares of the company’s stock were exchanged. The company’s 50 day moving average is $12.50 and its 200-day moving average is $13.03. Silvercrest Asset Management Group Inc. has a one year low of $11.07 and a one year high of $14.95. The stock has a market cap of $104.17 million, a price-to-earnings ratio of 16.47 and a beta of 1.27.

Silvercrest Asset Management Group (NASDAQ:SAMG) last released its quarterly earnings results on Thursday, August 3rd. The asset manager reported $0.23 earnings per share for the quarter, topping the consensus estimate of $0.22 by $0.01. The company 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%. On average, analysts anticipate that Silvercrest Asset Management Group Inc. will post $0.90 EPS for the current year.

The business also recently declared a quarterly dividend, which will be paid on Friday, September 22nd. Shareholders of record on Friday, September 15th will be given a dividend of $0.12 per share. This represents a $0.48 annualized dividend and a yield of 3.74%. The ex-dividend date is Thursday, September 14th. Silvercrest Asset Management Group’s payout ratio is 61.54%.

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Institutional investors have recently added to or reduced their stakes in the business. Teachers Advisors LLC increased its position in Silvercrest Asset Management Group by 12.7% during the second quarter. Teachers Advisors LLC now owns 12,741 shares of the asset manager’s stock worth $171,000 after buying an additional 1,439 shares in the last quarter. TIAA CREF Investment Management LLC increased its position in Silvercrest Asset Management Group by 4.4% during the second quarter. TIAA CREF Investment Management LLC now owns 20,941 shares of the asset manager’s stock worth $282,000 after buying an additional 891 shares in the last quarter. Bank of New York Mellon Corp increased its position in Silvercrest Asset Management Group by 0.6% during the second quarter. Bank of New York Mellon Corp now owns 32,445 shares of the asset manager’s stock worth $436,000 after buying an additional 187 shares in the last quarter. State Street Corp increased its position in Silvercrest Asset Management Group by 13.1% during the second quarter. State Street Corp now owns 80,820 shares of the asset manager’s stock worth $1,086,000 after buying an additional 9,354 shares in the last quarter. Finally, Russell Investments Group Ltd. increased its position in Silvercrest Asset Management Group by 24.8% during the second quarter. Russell Investments Group Ltd. now owns 85,000 shares of the asset manager’s stock worth $1,143,000 after buying an additional 16,900 shares in the last quarter. 73.46% of the stock is owned by institutional investors.

About Silvercrest Asset Management Group

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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