Free Trial

Silvercrest Asset Management Group (NASDAQ:SAMG) Stock Price Crosses Below 200 Day Moving Average - What's Next?

Silvercrest Asset Management Group logo with Finance background

Silvercrest Asset Management Group Inc. (NASDAQ:SAMG - Get Free Report)'s stock price passed below its two hundred day moving average during trading on Wednesday . The stock has a two hundred 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 trading hands.

Wall Street Analyst Weigh In

Separately, Wall Street Zen cut Silvercrest Asset Management Group from a "strong-buy" rating to a "buy" rating in a research note on Monday, May 12th.

Read Our Latest Analysis on SAMG

Silvercrest Asset Management Group Trading Down 0.2%

The firm's 50-day moving average price is $15.10 and its 200 day moving average price is $16.53. The company has a market cap of $221.53 million, a price-to-earnings ratio of 16.04 and a beta of 0.79.

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

Silvercrest Asset Management Group Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Friday, June 20th. Investors of record on Friday, June 13th were given a $0.20 dividend. This represents a $0.80 dividend on an annualized basis and a yield of 4.84%. The ex-dividend date of this dividend was Friday, June 13th. Silvercrest Asset Management Group's payout ratio is 84.21%.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently added to or reduced their stakes in the company. Dimensional Fund Advisors LP grew its holdings in shares of Silvercrest Asset Management Group by 1.1% during the fourth quarter. Dimensional Fund Advisors LP now owns 208,760 shares of the asset manager's stock valued at $3,839,000 after buying an additional 2,175 shares during the last quarter. Diamond Hill Capital Management Inc. lifted its position in Silvercrest Asset Management Group by 1.0% in the 1st quarter. Diamond Hill Capital Management Inc. now owns 127,009 shares of the asset manager's stock valued at $2,078,000 after acquiring an additional 1,314 shares in the last quarter. Northern Trust Corp boosted its stake in 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 valued at $1,422,000 after purchasing an additional 3,751 shares during the last quarter. Cary Street Partners Financial LLC bought a new stake in Silvercrest Asset Management Group during the 4th quarter worth approximately $1,197,000. Finally, JPMorgan Chase & Co. increased its holdings in 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 purchasing an additional 14,978 shares in the last quarter. 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.

Read More

Should You Invest $1,000 in Silvercrest Asset Management Group Right Now?

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

A Beginner's Guide to Investing in Cannabis Cover

Unlock your free copy of MarketBeat's comprehensive guide to pot stock investing and discover which cannabis companies are poised for growth. Plus, you'll get exclusive access to our daily newsletter with expert stock recommendations from Wall Street's top analysts.

Get This Free Report
Like this article? Share it with a colleague.

Featured Articles and Offers

Recent Videos

Joby vs. Archer: The $10 Billion eVTOL Battle
3 Small-Cap Biotech Stocks With Catalysts Too Big to Ignore
AI Stocks Are Printing Money — These 3 Are Just Getting Started

Stock Lists

All Stock Lists

Investing Tools

Calendars and Tools

Search Headlines