Shares of Silvercrest Asset Management Group Inc. (NASDAQ:SAMG - Get Free Report) passed below its 200-day moving average during trading on Wednesday . The stock has a 200-day moving average of $16.73 and traded as low as $14.44. Silvercrest Asset Management Group shares last traded at $14.65, with a volume of 38,714 shares trading hands.
Analysts Set New Price Targets
Separately, Wall Street Zen downgraded Silvercrest Asset Management Group from a "strong-buy" rating to a "buy" rating in a report on Monday, May 12th.
View Our Latest Research Report on SAMG
Silvercrest Asset Management Group Price Performance
The firm's 50 day moving average price is $14.92 and its 200-day moving average price is $16.73. The firm has a market cap of $196.46 million, a price-to-earnings ratio of 15.42 and a beta of 0.78.
Silvercrest Asset Management Group (NASDAQ:SAMG - Get Free Report) last announced its earnings results 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 return on equity of 12.39% and a net margin of 7.22%. The company had revenue of $31.39 million for the quarter, compared to the consensus estimate of $33.21 million.
Silvercrest Asset Management Group Dividend Announcement
The business also recently announced a quarterly dividend, which will be paid on Friday, June 20th. Investors of record on Friday, June 13th will be given a dividend of $0.20 per share. This represents a $0.80 dividend on an annualized basis and a yield of 5.46%. The ex-dividend date is Friday, June 13th. Silvercrest Asset Management Group's dividend payout ratio (DPR) is currently 84.21%.
Hedge Funds Weigh In On Silvercrest Asset Management Group
A number of institutional investors and hedge funds have recently bought and sold shares of SAMG. Cary Street Partners Financial LLC bought a new position in Silvercrest Asset Management Group during the fourth quarter worth $1,197,000. Nuveen LLC bought a new position in Silvercrest Asset Management Group during the first quarter worth $331,000. JPMorgan Chase & Co. increased its position in Silvercrest Asset Management Group by 72.7% during the fourth quarter. JPMorgan Chase & Co. now owns 35,583 shares of the asset manager's stock worth $654,000 after acquiring an additional 14,978 shares during the period. Jane Street Group LLC bought a new position in Silvercrest Asset Management Group during the first quarter worth $242,000. Finally, R Squared Ltd increased its position in Silvercrest Asset Management Group by 126.9% during the first quarter. R Squared Ltd now owns 15,111 shares of the asset manager's stock worth $247,000 after acquiring an additional 8,451 shares during the period. 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.
Further Reading
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