Silvercrest Asset Management Group Inc. to Issue Quarterly Dividend of $0.12 (SAMG)
Silvercrest Asset Management Group Inc. (NASDAQ:SAMG) declared a quarterly dividend on Thursday, November 2nd, Wall Street Journal reports. Shareholders of record on Friday, December 15th will be given a dividend of 0.12 per share by the asset manager on Friday, December 22nd. This represents a $0.48 dividend on an annualized basis and a yield of 2.94%. The ex-dividend date of this dividend is Thursday, December 14th.
Silvercrest Asset Management Group (NASDAQ:SAMG) last posted its earnings results on Wednesday, November 1st. The asset manager reported $0.24 earnings per share for the quarter, hitting the Thomson Reuters’ consensus estimate of $0.24. Silvercrest Asset Management Group had a net margin of 7.38% and a return on equity of 17.17%. The business had revenue of $22.85 million for the quarter.
In other news, Director Brian D. Dunn bought 5,000 shares of the stock in a transaction dated Monday, September 11th. The shares were acquired at an average price of $13.28 per share, with a total value of $66,400.00. Following the acquisition, the director now owns 5,000 shares in the company, valued at $66,400. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, major shareholder Marital Trust Under Article 7T sold 15,150 shares of the company’s stock in a transaction dated Tuesday, October 24th. The stock was sold at an average price of $14.93, for a total transaction of $226,189.50. Following the completion of the sale, the insider now directly owns 904,103 shares in the company, valued at approximately $13,498,257.79. The disclosure for this sale can be found here. In the last ninety days, insiders sold 67,750 shares of company stock worth $999,322. 9.56% of the stock is owned by insiders.
An institutional investor recently raised its position in Silvercrest Asset Management Group stock. State Street Corp boosted its stake in shares of Silvercrest Asset Management Group Inc. (NASDAQ:SAMG) by 13.1% during the second quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 80,820 shares of the asset manager’s stock after acquiring an additional 9,354 shares during the quarter. State Street Corp owned approximately 1.00% of Silvercrest Asset Management Group worth $1,086,000 as of its most recent SEC filing. Institutional investors own 45.92% of the company’s stock.
ILLEGAL ACTIVITY WARNING: “Silvercrest Asset Management Group Inc. to Issue Quarterly Dividend of $0.12 (SAMG)” was published by American Banking News and is the property of of American Banking News. If you are reading this news story on another publication, it was illegally copied and republished in violation of United States & international copyright law. The legal version of this news story can be viewed at https://www.americanbankingnews.com/2017/11/02/silvercrest-asset-management-group-inc-to-issue-quarterly-dividend-of-0-12-samg.html.
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.
Receive News & Ratings for Silvercrest Asset Management Group Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Silvercrest Asset Management Group Inc. and related companies with MarketBeat.com's FREE daily email newsletter.