Silvercrest Asset Management Group Inc. (NASDAQ:SAMG - Get Free Report) crossed below its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of $14.47 and traded as low as $13.11. Silvercrest Asset Management Group shares last traded at $13.15, with a volume of 16,859 shares changing hands.
Wall Street Analysts Forecast Growth
Several analysts have recently issued reports on SAMG shares. Weiss Ratings cut shares of Silvercrest Asset Management Group from a "hold (c-)" rating to a "sell (d+)" rating in a research report on Tuesday, March 17th. Zacks Research upgraded shares of Silvercrest Asset Management Group from a "hold" rating to a "strong-buy" rating in a report on Wednesday, March 25th. One research analyst has rated the stock with a Strong Buy rating and one has given a Sell rating to the company's stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy".
Read Our Latest Stock Analysis on SAMG
Silvercrest Asset Management Group Price Performance
The firm has a market capitalization of $155.04 million, a price-to-earnings ratio of 24.81 and a beta of 0.74. The firm has a 50 day moving average price of $13.96 and a 200-day moving average price of $14.47.
Silvercrest Asset Management Group (NASDAQ:SAMG - Get Free Report) last issued its quarterly earnings results on Monday, March 16th. The asset manager reported $0.18 earnings per share for the quarter, missing the consensus estimate of $0.23 by ($0.05). The company had revenue of $31.96 million for the quarter, compared to analysts' expectations of $32.06 million. Silvercrest Asset Management Group had a return on equity of 11.99% and a net margin of 3.90%. Equities research analysts predict that Silvercrest Asset Management Group Inc. will post 1.53 earnings per share for the current year.
Silvercrest Asset Management Group Dividend Announcement
The company also recently announced a quarterly dividend, which was paid on Friday, March 20th. Investors of record on Friday, March 13th were paid a dividend of $0.21 per share. This represents a $0.84 dividend on an annualized basis and a dividend yield of 6.4%. The ex-dividend date was Friday, March 13th. Silvercrest Asset Management Group's dividend payout ratio is presently 158.49%.
Institutional Inflows and Outflows
A number of institutional investors have recently added to or reduced their stakes in SAMG. Russell Investments Group Ltd. lifted its position in shares of Silvercrest Asset Management Group by 64.8% during the 4th quarter. Russell Investments Group Ltd. now owns 2,030 shares of the asset manager's stock worth $31,000 after purchasing an additional 798 shares during the last quarter. Ritholtz Wealth Management grew its stake in shares of Silvercrest Asset Management Group by 5.3% during the third quarter. Ritholtz Wealth Management now owns 19,144 shares of the asset manager's stock worth $302,000 after purchasing an additional 963 shares in the last quarter. Clearstead Advisors LLC increased its holdings in Silvercrest Asset Management Group by 5.6% in the fourth quarter. Clearstead Advisors LLC now owns 23,991 shares of the asset manager's stock valued at $364,000 after buying an additional 1,279 shares during the last quarter. JPMorgan Chase & Co. increased its holdings in Silvercrest Asset Management Group by 9.3% in the third quarter. JPMorgan Chase & Co. now owns 15,524 shares of the asset manager's stock valued at $245,000 after buying an additional 1,315 shares during the last quarter. Finally, Wells Fargo & Company MN raised its stake in Silvercrest Asset Management Group by 28.2% in the fourth quarter. Wells Fargo & Company MN now owns 7,729 shares of the asset manager's stock valued at $117,000 after buying an additional 1,702 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, 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.
Featured Articles
This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.
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 Moderate Buy rating among analysts, top-rated analysts believe these five stocks are better buys.
View The Five Stocks Here
Wondering what the next stocks will be that hit it big, with solid fundamentals? Click the link to see which stocks MarketBeat analysts could become the next blockbuster growth stocks.
Get This Free Report
Like this article? Share it with a colleague.
Link copied to clipboard.
