Silvercrest Asset Management Group Inc. (NASDAQ:SAMG) has received an average broker rating score of 1.00 (Strong Buy) from the one brokers that provide coverage for the company, Zacks Investment Research reports.

Zacks has also assigned Silvercrest Asset Management Group an industry rank of 53 out of 265 based on the ratings given to related companies.

In related news, major shareholder Marital Trust Under Article 7T sold 2,500 shares of the company’s stock in a transaction dated Thursday, October 19th. The shares were sold at an average price of $14.51, for a total value of $36,275.00. Following the completion of the sale, the insider now owns 927,003 shares of the company’s stock, valued at $13,450,813.53. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Brian D. Dunn acquired 5,000 shares of the company’s stock in a transaction that occurred on Monday, September 11th. The stock was purchased at an average cost of $13.28 per share, with a total value of $66,400.00. Following the acquisition, the director now directly owns 5,000 shares of the company’s stock, valued at approximately $66,400. The disclosure for this purchase can be found here. Insiders sold 67,750 shares of company stock valued at $999,322 in the last three months. 9.56% of the stock is currently owned by insiders.

Institutional investors and hedge funds have recently made changes to their positions in the stock. Pacific Ridge Capital Partners LLC grew its holdings in shares of Silvercrest Asset Management Group by 18.3% in the second quarter. Pacific Ridge Capital Partners LLC now owns 230,885 shares of the asset manager’s stock valued at $3,105,000 after purchasing an additional 35,638 shares during the period. Russell Investments Group Ltd. boosted its stake 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 during the period. Boston Partners boosted its stake in Silvercrest Asset Management Group by 3.4% during the second quarter. Boston Partners now owns 550,112 shares of the asset manager’s stock worth $7,399,000 after buying an additional 18,011 shares during the period. Cadence Capital Management LLC boosted its stake in Silvercrest Asset Management Group by 4.3% during the second quarter. Cadence Capital Management LLC now owns 98,289 shares of the asset manager’s stock worth $1,322,000 after buying an additional 4,052 shares during the period. Finally, TIAA CREF Investment Management LLC boosted its stake 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 during the period. 45.98% of the stock is owned by hedge funds and other institutional investors.

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Shares of Silvercrest Asset Management Group (NASDAQ SAMG) opened at $15.20 on Friday. Silvercrest Asset Management Group has a 1-year low of $11.85 and a 1-year high of $16.80. The stock has a market cap of $200.65, a price-to-earnings ratio of 17.27 and a beta of 1.34.

Silvercrest Asset Management Group (NASDAQ:SAMG) last released its earnings results on Wednesday, November 1st. The asset manager reported $0.24 earnings per share (EPS) for the quarter, hitting the Zacks’ consensus estimate of $0.24. Silvercrest Asset Management Group had a net margin of 7.61% and a return on equity of 17.71%. The business had revenue of $22.85 million during the quarter.

The company also recently disclosed a quarterly dividend, which will be paid on Friday, December 22nd. Investors of record on Friday, December 15th will be issued a $0.12 dividend. This represents a $0.48 dividend on an annualized basis and a dividend yield of 3.16%. The ex-dividend date is Thursday, December 14th. Silvercrest Asset Management Group’s dividend payout ratio is currently 58.54%.

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.

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