Silvercrest Asset Management Group Inc. (NASDAQ:SAMG – Get Free Report) crossed below its two hundred day moving average during trading on Wednesday . The stock has a two hundred day moving average of $14.13 and traded as low as $11.03. Silvercrest Asset Management Group shares last traded at $11.10, with a volume of 35,313 shares traded.
Wall Street Analyst Weigh In
SAMG has been the subject of several recent research reports. Wall Street Zen downgraded Silvercrest Asset Management Group from a “hold” rating to a “sell” rating in a research report on Saturday, May 16th. Zacks Research downgraded Silvercrest Asset Management Group from a “strong-buy” rating to a “hold” rating in a report on Monday, May 11th. Finally, Weiss Ratings cut Silvercrest Asset Management Group from a “hold (c-)” rating to a “sell (d+)” rating in a research note on Wednesday, May 27th. One research analyst has rated the stock with a Hold rating and one has assigned a Sell rating to the company’s stock. According to MarketBeat, Silvercrest Asset Management Group presently has a consensus rating of “Reduce”.
View Our Latest Research Report on Silvercrest Asset Management Group
Silvercrest Asset Management Group Price Performance
Silvercrest Asset Management Group (NASDAQ:SAMG – Get Free Report) last released its earnings results on Monday, May 11th. The asset manager reported $0.12 EPS for the quarter, missing analysts’ consensus estimates of $0.21 by ($0.09). Silvercrest Asset Management Group had a return on equity of 10.51% and a net margin of 2.12%.The company had revenue of $31.41 million during the quarter, compared to analysts’ expectations of $31.85 million. On average, equities analysts anticipate that Silvercrest Asset Management Group Inc. will post 0.53 EPS for the current year.
Silvercrest Asset Management Group Dividend Announcement
The business also recently announced a quarterly dividend, which will be paid on Friday, June 19th. Stockholders of record on Friday, June 12th will be paid a $0.21 dividend. This represents a $0.84 dividend on an annualized basis and a dividend yield of 7.6%. The ex-dividend date of this dividend is Friday, June 12th. Silvercrest Asset Management Group’s dividend payout ratio is currently 280.00%.
Institutional Investors Weigh In On Silvercrest Asset Management Group
A number of institutional investors have recently modified their holdings of the stock. Russell Investments Group Ltd. grew its stake in shares of Silvercrest Asset Management Group by 64.8% in the fourth quarter. Russell Investments Group Ltd. now owns 2,030 shares of the asset manager’s stock worth $31,000 after acquiring an additional 798 shares during the last quarter. Clearstead Advisors LLC grew its stake in shares of Silvercrest Asset Management Group by 5.6% in the fourth quarter. Clearstead Advisors LLC now owns 23,991 shares of the asset manager’s stock worth $364,000 after acquiring an additional 1,279 shares during the last quarter. JPMorgan Chase & Co. grew its stake in shares of Silvercrest Asset Management Group by 9.3% in the third quarter. JPMorgan Chase & Co. now owns 15,524 shares of the asset manager’s stock worth $245,000 after acquiring an additional 1,315 shares during the last quarter. Wells Fargo & Company MN boosted its position in shares of Silvercrest Asset Management Group by 28.2% during the fourth quarter. Wells Fargo & Company MN now owns 7,729 shares of the asset manager’s stock valued at $117,000 after buying an additional 1,702 shares during the last quarter. Finally, Hsbc Holdings PLC boosted its position in shares of Silvercrest Asset Management Group by 4.0% during the fourth quarter. Hsbc Holdings PLC now owns 68,026 shares of the asset manager’s stock valued at $1,046,000 after buying an additional 2,629 shares during the last quarter. 47.59% of the stock is owned by hedge funds and other institutional investors.
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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