Silvercrest Asset Management Group (NASDAQ:SAMG) Issues Quarterly Earnings Results

Key Points

• SAMG missed quarterly estimates with EPS of $0.18 versus the $0.23 consensus and revenue of $31.96M versus $32.06M, reporting a net margin of 5.28% and ROE of 11.56%.
• Declared dividend: the firm set a $0.21 quarterly dividend (annualized $0.84) yielding 5.9%, but the payout ratio is a high 118.31%, signaling potential sustainability concerns.
• Stock and sentiment: SAMG traded near $14.14 with a $173M market cap and a P/E of 19.92, roughly 47.6% institutional ownership, and a consensus analyst rating of "Hold."

Silvercrest Asset Management Group (NASDAQ:SAMG - Get Free Report) posted its quarterly earnings results on Monday. The asset manager reported $0.18 EPS for the quarter, missing the consensus estimate of $0.23 by ($0.05), FiscalAI reports. The business had revenue of $31.96 million during the quarter, compared to analysts' expectations of $32.06 million. Silvercrest Asset Management Group had a net margin of 5.28% and a return on equity of 11.56%.

Silvercrest Asset Management Group Price Performance

SAMG traded down $0.08 on Monday, reaching $14.14. The company's stock had a trading volume of 26,430 shares, compared to its average volume of 29,396. Silvercrest Asset Management Group has a 1 year low of $13.23 and a 1 year high of $16.99. The business's 50 day moving average is $15.18 and its 200 day moving average is $15.03. The stock has a market cap of $173.07 million, a price-to-earnings ratio of 19.92 and a beta of 0.71.

Silvercrest Asset Management Group Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Friday, March 20th. Investors of record on Friday, March 13th will be paid a $0.21 dividend. The ex-dividend date is Friday, March 13th. This represents a $0.84 annualized dividend and a dividend yield of 5.9%. Silvercrest Asset Management Group's payout ratio is 118.31%.

Hedge Funds Weigh In On Silvercrest Asset Management Group

A number of institutional investors have recently made changes to their positions in SAMG. Boston Partners boosted its stake in shares of Silvercrest Asset Management Group by 9.3% during the 4th quarter. Boston Partners now owns 232,310 shares of the asset manager's stock valued at $3,529,000 after buying an additional 19,753 shares during the last quarter. Goldman Sachs Group Inc. raised its holdings in Silvercrest Asset Management Group by 24.0% in the fourth quarter. Goldman Sachs Group Inc. now owns 99,056 shares of the asset manager's stock valued at $1,505,000 after acquiring an additional 19,186 shares in the last quarter. Marshall Wace LLP bought a new position in Silvercrest Asset Management Group during the 2nd quarter valued at $1,014,000. Bank of America Corp DE grew its holdings in Silvercrest Asset Management Group by 22.4% during the 2nd quarter. Bank of America Corp DE now owns 31,539 shares of the asset manager's stock worth $500,000 after acquiring an additional 5,769 shares in the last quarter. Finally, Millennium Management LLC increased its position in shares of Silvercrest Asset Management Group by 29.1% in the 3rd quarter. Millennium Management LLC now owns 29,928 shares of the asset manager's stock worth $471,000 after purchasing an additional 6,753 shares during the last quarter. 47.59% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

SAMG has been the topic of several research analyst reports. Weiss Ratings reissued a "hold (c-)" rating on shares of Silvercrest Asset Management Group in a research report on Thursday, January 22nd. Zacks Research raised shares of Silvercrest Asset Management Group from a "strong sell" rating to a "hold" rating in a research note on Tuesday, December 2nd. Two investment analysts have rated the stock with a Hold rating, Based on data from MarketBeat, the stock has a consensus rating of "Hold".

About Silvercrest Asset Management Group

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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