Silvercrest Asset Management Group Inc. (NASDAQ:SAMG) major shareholder Marital Trust Under Article 7T sold 31,800 shares of Silvercrest Asset Management Group stock in a transaction that occurred on Thursday, October 12th. The stock was sold at an average price of $14.81, for a total value of $470,958.00. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Major shareholders that own 10% or more of a company’s stock are required to disclose their sales and purchases with the SEC.

Shares of Silvercrest Asset Management Group Inc. (NASDAQ:SAMG) traded down 0.34% during trading on Thursday, hitting $14.45. The stock had a trading volume of 8,337 shares. The firm has a market cap of $117.15 million, a price-to-earnings ratio of 18.53 and a beta of 1.32. The firm’s 50-day moving average is $13.45 and its 200 day moving average is $13.11. Silvercrest Asset Management Group Inc. has a 52-week low of $11.07 and a 52-week high of $16.25.

Silvercrest Asset Management Group (NASDAQ:SAMG) last posted its quarterly earnings data on Thursday, August 3rd. The asset manager reported $0.23 EPS for the quarter, beating the Zacks’ consensus estimate 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 for the quarter. On average, analysts expect that Silvercrest Asset Management Group Inc. will post $0.92 EPS for the current year.

The business also recently disclosed a quarterly dividend, which was paid on Friday, September 22nd. Investors of record on Friday, September 15th were paid a dividend of $0.12 per share. The ex-dividend date was Thursday, September 14th. This represents a $0.48 dividend on an annualized basis and a dividend yield of 3.32%. Silvercrest Asset Management Group’s dividend payout ratio is presently 61.54%.

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Several hedge funds and other institutional investors have recently bought and sold shares of the stock. Bank of New York Mellon Corp increased its stake in shares of 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 valued at $436,000 after acquiring an additional 187 shares during the period. TIAA CREF Investment Management LLC increased its stake in shares of 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 valued at $282,000 after acquiring an additional 891 shares during the period. Vanguard Group Inc. increased its stake in shares of Silvercrest Asset Management Group by 0.3% during the second quarter. Vanguard Group Inc. now owns 328,730 shares of the asset manager’s stock valued at $4,422,000 after acquiring an additional 1,114 shares during the period. Teachers Advisors LLC increased its stake in shares of 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 valued at $171,000 after acquiring an additional 1,439 shares during the period. Finally, Royce & Associates LP increased its stake in shares of Silvercrest Asset Management Group by 0.4% during the second quarter. Royce & Associates LP now owns 631,600 shares of the asset manager’s stock valued at $8,495,000 after acquiring an additional 2,500 shares during the period. Institutional investors and hedge funds own 45.91% of the company’s stock.

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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