Silvercrest Asset Management Group Inc. (NASDAQ:SAMG) Declares Quarterly Dividend of $0.21

Key Points

• Silvercrest Asset Management Group Inc. declared a quarterly dividend of $0.21 per share, which signifies a 5.0% increase from the previous dividend of $0.20.
• The stock experienced a 3.0% decline recently, trading down to $15.87, with a market cap of $212.82 million and a PE ratio of 16.71.
• Institutional investments in Silvercrest saw significant changes, with notable increases from JPMorgan Chase & Co. and O Shaughnessy Asset Management, among others, indicating growing confidence among institutional investors.

Silvercrest Asset Management Group Inc. (NASDAQ:SAMG - Get Free Report) announced a quarterly dividend on Friday, August 1st, Wall Street Journal reports. Investors of record on Friday, September 12th will be paid a dividend of 0.21 per share by the asset manager on Friday, September 19th. This represents a c) dividend on an annualized basis and a dividend yield of 5.3%. The ex-dividend date is Friday, September 12th. This is a 5.0% increase from Silvercrest Asset Management Group's previous quarterly dividend of $0.20.

Silvercrest Asset Management Group has a dividend payout ratio of 55.6% meaning its dividend is sufficiently covered by earnings.

Silvercrest Asset Management Group Stock Down 3.0%

Shares of NASDAQ:SAMG traded down $0.49 during midday trading on Friday, reaching $15.87. 43,170 shares of the company were exchanged, compared to its average volume of 47,389. Silvercrest Asset Management Group has a fifty-two week low of $13.54 and a fifty-two week high of $19.20. The stock has a fifty day simple moving average of $15.64 and a two-hundred day simple moving average of $16.32. The firm has a market cap of $212.82 million, a PE ratio of 16.71 and a beta of 0.79.

Silvercrest Asset Management Group (NASDAQ:SAMG - Get Free Report) last issued its quarterly earnings results on Thursday, May 8th. The asset manager reported $0.27 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.36 by ($0.09). Silvercrest Asset Management Group had a net margin of 7.22% and a return on equity of 12.39%. The business had revenue of $31.39 million during the quarter, compared to analyst estimates of $33.21 million.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently made changes to their positions in SAMG. JPMorgan Chase & Co. boosted its stake in shares of Silvercrest Asset Management Group by 72.7% during the 4th quarter. JPMorgan Chase & Co. now owns 35,583 shares of the asset manager's stock worth $654,000 after acquiring an additional 14,978 shares during the period. O Shaughnessy Asset Management LLC boosted its holdings in shares of Silvercrest Asset Management Group by 72.0% during the 4th quarter. O Shaughnessy Asset Management LLC now owns 19,856 shares of the asset manager's stock worth $365,000 after buying an additional 8,313 shares during the period. Wells Fargo & Company MN boosted its holdings in shares of Silvercrest Asset Management Group by 28.3% during the 4th quarter. Wells Fargo & Company MN now owns 5,604 shares of the asset manager's stock worth $103,000 after buying an additional 1,236 shares during the period. Martingale Asset Management L P boosted its holdings in shares of Silvercrest Asset Management Group by 12.1% during the 4th quarter. Martingale Asset Management L P now owns 25,154 shares of the asset manager's stock worth $463,000 after buying an additional 2,707 shares during the period. Finally, Barclays PLC boosted its holdings in shares of Silvercrest Asset Management Group by 6.0% during the 4th quarter. Barclays PLC now owns 32,663 shares of the asset manager's stock worth $601,000 after buying an additional 1,849 shares during the period. 47.59% of the stock is currently owned by institutional investors.

Silvercrest Asset Management Group Company Profile

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.

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