Silvercrest Asset Management Group Inc. (NASDAQ:SAMG – Get Free Report) declared a quarterly dividend on Wednesday, May 6th. Investors of record on Friday, June 12th will be given a dividend of 0.21 per share by the asset manager on Friday, June 19th. This represents a c) annualized dividend and a dividend yield of 7.7%. The ex-dividend date of this dividend is Friday, June 12th.
Silvercrest Asset Management Group has increased its dividend payment by an average of 0.1%per year over the last three years and has raised its dividend annually for the last 1 consecutive years. Silvercrest Asset Management Group has a dividend payout ratio of 58.3% meaning its dividend is sufficiently covered by earnings. Analysts expect Silvercrest Asset Management Group to earn $0.99 per share next year, which means the company should continue to be able to cover its $0.84 annual dividend with an expected future payout ratio of 84.8%.
Silvercrest Asset Management Group Stock Down 0.3%
NASDAQ SAMG opened at $10.90 on Wednesday. The firm has a market cap of $129.17 million, a PE ratio of 36.33 and a beta of 0.64. The company has a 50 day moving average price of $12.64 and a 200 day moving average price of $14.05. Silvercrest Asset Management Group has a 52 week low of $10.68 and a 52 week high of $16.99.
Analyst Ratings Changes
Several equities research analysts have recently commented on SAMG shares. Wall Street Zen downgraded shares of Silvercrest Asset Management Group from a “hold” rating to a “sell” rating in a research note on Saturday, May 16th. Zacks Research downgraded shares of Silvercrest Asset Management Group from a “strong-buy” rating to a “hold” rating in a research note on Monday, May 11th. Finally, Weiss Ratings downgraded shares of Silvercrest Asset Management Group from a “hold (c-)” rating to a “sell (d+)” rating in a research note on Wednesday, May 27th. One analyst has rated the stock with a Hold rating and one has assigned a Sell rating to the stock. According to data from MarketBeat.com, Silvercrest Asset Management Group has an average rating of “Reduce”.
View Our Latest Report on SAMG
Silvercrest Asset Management Group Company Profile
Silvercrest Asset Management Group Inc, headquartered in New York City, is an independent registered investment adviser that specializes in delivering customized wealth and asset management solutions for high-net-worth individuals, family offices and institutional clients. Founded in 2002 by senior professionals from leading financial institutions, Silvercrest has built its reputation on a disciplined, research-driven investment process and a commitment to personalized client service.
The firm’s core offerings include discretionary and non-discretionary portfolio management across equities, fixed income, hedge funds and alternative investments.
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