Silvercrest Asset Management Group Inc. (NASDAQ:SAMG - Get Free Report)'s stock price passed below its 200-day moving average during trading on Wednesday . The stock has a 200-day moving average of $16.57 and traded as low as $16.31. Silvercrest Asset Management Group shares last traded at $16.55, with a volume of 36,224 shares.
Wall Street Analyst Weigh In
Separately, Wall Street Zen cut shares of Silvercrest Asset Management Group from a "strong-buy" rating to a "buy" rating in a report on Monday, May 12th.
Check Out Our Latest Report on Silvercrest Asset Management Group
Silvercrest Asset Management Group Stock Down 0.2%
The stock has a market capitalization of $221.53 million, a price-to-earnings ratio of 17.39 and a beta of 0.79. The business's 50-day moving average is $15.07 and its two-hundred day moving average is $16.56.
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 (EPS) for the quarter, missing analysts' consensus estimates 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 firm had revenue of $31.39 million during the quarter, compared to analysts' expectations of $33.21 million.
Silvercrest Asset Management Group Dividend Announcement
The company also recently declared a quarterly dividend, which was paid on Friday, June 20th. Stockholders of record on Friday, June 13th were given a dividend of $0.20 per share. The ex-dividend date of this dividend was Friday, June 13th. This represents a $0.80 annualized dividend and a dividend yield of 4.84%. Silvercrest Asset Management Group's dividend payout ratio is currently 84.21%.
Institutional Trading of Silvercrest Asset Management Group
A number of large investors have recently modified their holdings of SAMG. Bank of America Corp DE boosted its holdings in Silvercrest Asset Management Group by 12.0% in the fourth quarter. Bank of America Corp DE now owns 29,825 shares of the asset manager's stock valued at $548,000 after purchasing an additional 3,185 shares in the last quarter. Connor Clark & Lunn Investment Management Ltd. boosted its stake in shares of Silvercrest Asset Management Group by 12.2% during the fourth quarter. Connor Clark & Lunn Investment Management Ltd. now owns 16,430 shares of the asset manager's stock worth $302,000 after buying an additional 1,781 shares during the period. Cary Street Partners Financial LLC purchased a new position in shares of Silvercrest Asset Management Group in the 4th quarter valued at approximately $1,197,000. Diamond Hill Capital Management Inc. increased its stake in Silvercrest Asset Management Group by 1.4% in the 4th quarter. Diamond Hill Capital Management Inc. now owns 125,695 shares of the asset manager's stock valued at $2,312,000 after buying an additional 1,781 shares during the period. Finally, Wells Fargo & Company MN raised its holdings in Silvercrest Asset Management Group by 28.3% during the fourth quarter. Wells Fargo & Company MN now owns 5,604 shares of the asset manager's stock worth $103,000 after purchasing an additional 1,236 shares in the last quarter. Hedge funds and other institutional investors own 47.59% of the company's stock.
About Silvercrest Asset Management Group
(
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.
Featured Articles
Before you consider Silvercrest Asset Management Group, you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Silvercrest Asset Management Group wasn't on the list.
While Silvercrest Asset Management Group currently has a Hold rating among analysts, top-rated analysts believe these five stocks are better buys.
View The Five Stocks Here
Today, we are inviting you to take a free peek at our proprietary, exclusive, and up-to-the-minute list of 20 stocks that Wall Street's top analysts hate.
Many of these appear to have good fundamentals and might seem like okay investments, but something is wrong. Analysts smell something seriously rotten about these companies. These are true "Strong Sell" stocks.
Get This Free Report
Like this article? Share it with a colleague.
Link copied to clipboard.
