Zacks: Silvercrest Asset Management Group Inc. (SAMG) Given Average Rating of “Strong Buy” by Analysts
Silvercrest Asset Management Group Inc. (NASDAQ:SAMG) has received an average broker rating score of 1.00 (Strong Buy) from the one analysts that provide coverage for 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 54 out of 265 based on the ratings given to its competitors.
Shares of Silvercrest Asset Management Group (NASDAQ SAMG) remained flat at $14.50 during trading on Friday. 19,287 shares of the company were exchanged. The firm has a 50 day moving average of $13.89 and a 200 day moving average of $13.18. The firm has a market capitalization of $117.55 million, a PE ratio of 18.59 and a beta of 1.32. Silvercrest Asset Management Group has a one year low of $11.07 and a one year high of $16.25.
Silvercrest Asset Management Group (NASDAQ:SAMG) last released its quarterly earnings data on Thursday, August 3rd. The asset manager reported $0.23 EPS for the quarter, beating 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, equities analysts anticipate that Silvercrest Asset Management Group will post $0.92 earnings per share for the current fiscal year.
The business also recently disclosed a quarterly dividend, which was paid on Friday, September 22nd. Stockholders of record on Friday, September 15th were issued a $0.12 dividend. This represents a $0.48 annualized dividend and a dividend yield of 3.31%. The ex-dividend date of this dividend was Thursday, September 14th. Silvercrest Asset Management Group’s payout ratio is presently 61.54%.
In related news, major shareholder Marital Trust Under Article 7T sold 31,800 shares of the stock in a transaction on Thursday, October 12th. The stock was sold at an average price of $14.81, for a total value of $470,958.00. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, Director Brian D. Dunn purchased 5,000 shares of the company’s stock in a transaction that occurred on Monday, September 11th. The stock was acquired at an average price of $13.28 per share, for a total transaction of $66,400.00. Following the purchase, the director now owns 5,000 shares in the company, valued at approximately $66,400. The disclosure for this purchase can be found here. In the last 90 days, insiders sold 52,600 shares of company stock worth $773,132. 9.56% of the stock is owned by company insiders.
A number of institutional investors and hedge funds have recently bought and sold shares of SAMG. Russell Investments Group Ltd. raised its stake in Silvercrest Asset Management Group by 24.8% in the 2nd quarter. Russell Investments Group Ltd. now owns 85,000 shares of the asset manager’s stock valued at $1,143,000 after acquiring an additional 16,900 shares during the period. Boston Partners raised its stake in Silvercrest Asset Management Group by 3.4% in the 2nd quarter. Boston Partners now owns 550,112 shares of the asset manager’s stock valued at $7,399,000 after acquiring an additional 18,011 shares during the period. Bank of New York Mellon Corp raised its stake in Silvercrest Asset Management Group by 0.6% in the 2nd 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. Cadence Capital Management LLC raised its stake in Silvercrest Asset Management Group by 4.3% in the 2nd quarter. Cadence Capital Management LLC now owns 98,289 shares of the asset manager’s stock valued at $1,322,000 after acquiring an additional 4,052 shares during the period. Finally, Royce & Associates LP raised its stake in Silvercrest Asset Management Group by 0.4% in the 2nd 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.
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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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