Silvercrest Asset Management Group (NASDAQ:SAMG - Get Free Report) was downgraded by stock analysts at StockNews.com from a "strong-buy" rating to a "buy" rating in a note issued to investors on Monday.
Silvercrest Asset Management Group Stock Performance
NASDAQ:SAMG traded down $0.01 during mid-day trading on Monday, hitting $14.70. 56,849 shares of the stock were exchanged, compared to its average volume of 33,199. The stock has a market capitalization of $200.42 million, a price-to-earnings ratio of 18.38 and a beta of 0.84. The firm's 50-day simple moving average is $15.62 and its 200 day simple moving average is $17.25. Silvercrest Asset Management Group has a fifty-two week low of $13.54 and a fifty-two week high of $19.20.
Silvercrest Asset Management Group (NASDAQ:SAMG - Get Free Report) last announced its quarterly earnings data on Thursday, May 8th. The asset manager reported $0.27 earnings per share for the quarter, missing the consensus estimate of $0.36 by ($0.09). The company had revenue of $31.39 million during the quarter, compared to analyst estimates of $33.21 million. Silvercrest Asset Management Group had a net margin of 6.24% and a return on equity of 11.40%.
Institutional Investors Weigh In On Silvercrest Asset Management Group
A number of institutional investors have recently made changes to their positions in the stock. Wells Fargo & Company MN lifted its stake in shares of Silvercrest Asset Management Group by 28.3% in the 4th quarter. Wells Fargo & Company MN now owns 5,604 shares of the asset manager's stock valued at $103,000 after purchasing an additional 1,236 shares during the period. R Squared Ltd acquired a new position in shares of Silvercrest Asset Management Group in the 4th quarter valued at about $122,000. Connor Clark & Lunn Investment Management Ltd. lifted its stake in shares of Silvercrest Asset Management Group by 7.4% in the 1st quarter. Connor Clark & Lunn Investment Management Ltd. now owns 17,641 shares of the asset manager's stock valued at $289,000 after purchasing an additional 1,211 shares during the period. Nuveen LLC acquired a new position in shares of Silvercrest Asset Management Group in the 1st quarter valued at about $331,000. Finally, JPMorgan Chase & Co. lifted its stake in shares of Silvercrest Asset Management Group by 80.8% in the 3rd quarter. JPMorgan Chase & Co. now owns 20,605 shares of the asset manager's stock valued at $355,000 after purchasing an additional 9,209 shares during the period. Institutional investors own 47.59% of the company's stock.
Silvercrest Asset Management Group Company Profile
(
Get Free Report)
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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