Silvercrest Asset Management Group Inc (NASDAQ:SAMG) major shareholder Marital Trust Under Article 7T sold 250,000 shares of the business’s stock in a transaction that occurred on Tuesday, January 9th. The stock was sold at an average price of $15.00, for a total transaction of $3,750,000.00. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Large shareholders that own 10% or more of a company’s shares are required to disclose their transactions with the SEC.

Marital Trust Under Article 7T also recently made the following trade(s):

  • On Tuesday, October 24th, Marital Trust Under Article 7T sold 15,150 shares of Silvercrest Asset Management Group stock. The stock was sold at an average price of $14.93, for a total transaction of $226,189.50.
  • On Thursday, October 19th, Marital Trust Under Article 7T sold 2,500 shares of Silvercrest Asset Management Group stock. The stock was sold at an average price of $14.51, for a total transaction of $36,275.00.
  • On Tuesday, October 17th, Marital Trust Under Article 7T sold 18,300 shares of Silvercrest Asset Management Group stock. The stock was sold at an average price of $14.53, for a total transaction of $265,899.00.
  • On Thursday, October 12th, Marital Trust Under Article 7T sold 31,800 shares of Silvercrest Asset Management Group stock. The stock was sold at an average price of $14.81, for a total transaction of $470,958.00.

Silvercrest Asset Management Group Inc (NASDAQ:SAMG) traded up $0.55 during mid-day trading on Wednesday, reaching $15.65. 6,889 shares of the company’s stock traded hands, compared to its average volume of 17,421. The company has a market capitalization of $206.60, a P/E ratio of 18.86 and a beta of 1.29. Silvercrest Asset Management Group Inc has a 12 month low of $11.85 and a 12 month high of $16.80.

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

The firm also recently announced a quarterly dividend, which was paid on Friday, December 22nd. Shareholders of record on Friday, December 15th were given a $0.12 dividend. This represents a $0.48 annualized dividend and a yield of 3.07%. The ex-dividend date was Thursday, December 14th. Silvercrest Asset Management Group’s dividend payout ratio is 57.83%.

Several institutional investors have recently modified their holdings of the company. Boston Partners lifted its stake in shares of Silvercrest Asset Management Group by 12.5% in the third quarter. Boston Partners now owns 618,750 shares of the asset manager’s stock worth $9,003,000 after buying an additional 68,638 shares during the last quarter. Vanguard Group Inc. lifted its stake in shares of Silvercrest Asset Management Group by 0.3% in the second quarter. Vanguard Group Inc. now owns 328,730 shares of the asset manager’s stock worth $4,422,000 after buying an additional 1,114 shares during the last quarter. Russell Investments Group Ltd. lifted its stake in shares of Silvercrest Asset Management Group by 82.7% in the third quarter. Russell Investments Group Ltd. now owns 155,300 shares of the asset manager’s stock worth $2,260,000 after buying an additional 70,300 shares during the last quarter. Cadence Capital Management LLC lifted its stake in shares of Silvercrest Asset Management Group by 5.0% in the third quarter. Cadence Capital Management LLC now owns 103,211 shares of the asset manager’s stock worth $1,502,000 after buying an additional 4,922 shares during the last quarter. Finally, State Street Corp lifted its stake in shares of Silvercrest Asset Management Group by 13.1% in 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 during the last quarter. Institutional investors and hedge funds own 45.28% 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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