Nuveen LLC Invests $331,000 in Silvercrest Asset Management Group Inc. $SAMG

Key Points

• Nuveen LLC has invested approximately $331,000 in Silvercrest Asset Management Group Inc. by acquiring 20,232 shares, which represents about 0.15% ownership at the end of the last quarter.
• Several large investors, including Connor Clark & Lunn Investment Management Ltd. and R Squared Ltd, have also increased their stakes in Silvercrest during the first quarter.
• Silvercrest Asset Management Group has announced a quarterly dividend increase to $0.21, yielding 5.3%, up from the previous $0.20 per share.

Nuveen LLC acquired a new stake in shares of Silvercrest Asset Management Group Inc. (NASDAQ:SAMG - Free Report) in the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm acquired 20,232 shares of the asset manager's stock, valued at approximately $331,000. Nuveen LLC owned approximately 0.15% of Silvercrest Asset Management Group as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also recently modified their holdings of SAMG. R Squared Ltd lifted its stake in shares of Silvercrest Asset Management Group by 126.9% during the 1st quarter. R Squared Ltd now owns 15,111 shares of the asset manager's stock worth $247,000 after acquiring an additional 8,451 shares during the last quarter. Northern Trust Corp lifted its stake in shares of Silvercrest Asset Management Group by 5.1% during the 4th quarter. Northern Trust Corp now owns 77,304 shares of the asset manager's stock worth $1,422,000 after acquiring an additional 3,751 shares during the last quarter. Bank of America Corp DE lifted its stake in shares of Silvercrest Asset Management Group by 12.0% during the 4th quarter. Bank of America Corp DE now owns 29,825 shares of the asset manager's stock worth $548,000 after acquiring an additional 3,185 shares during the last quarter. Dimensional Fund Advisors LP lifted its stake in shares of Silvercrest Asset Management Group by 1.1% during the 4th quarter. Dimensional Fund Advisors LP now owns 208,760 shares of the asset manager's stock worth $3,839,000 after acquiring an additional 2,175 shares during the last quarter. Finally, Diamond Hill Capital Management Inc. lifted its stake in shares of Silvercrest Asset Management Group by 1.0% during the 1st quarter. Diamond Hill Capital Management Inc. now owns 127,009 shares of the asset manager's stock worth $2,078,000 after acquiring an additional 1,314 shares during the last quarter. 47.59% of the stock is owned by institutional investors.

Silvercrest Asset Management Group Stock Performance

Silvercrest Asset Management Group stock traded down $0.22 during midday trading on Wednesday, hitting $15.87. 20,276 shares of the company's stock were exchanged, compared to its average volume of 43,405. Silvercrest Asset Management Group Inc. has a 12 month low of $13.54 and a 12 month high of $19.20. The firm has a 50-day moving average of $16.40 and a two-hundred day moving average of $15.92. The company has a market cap of $199.49 million, a PE ratio of 18.14 and a beta of 0.81.

Silvercrest Asset Management Group Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, September 19th. Stockholders of record on Friday, September 12th will be paid a dividend of $0.21 per share. This represents a $0.84 dividend on an annualized basis and a dividend yield of 5.3%. The ex-dividend date of this dividend is Friday, September 12th. This is a positive change from Silvercrest Asset Management Group's previous quarterly dividend of $0.20. Silvercrest Asset Management Group's dividend payout ratio is 90.91%.

About Silvercrest Asset Management Group

Silvercrest Asset Management Group Inc, a wealth management firm, provides financial advisory and related family office services in the United States. The company serves ultra-high net worth individuals and families, as well as their trusts; endowments; foundations; and other institutional investors.