Silvercrest Asset Management Group Inc. (NASDAQ:SAMG - Get Free Report) shares crossed below its two hundred day moving average during trading on Wednesday . The stock has a two hundred day moving average of $17.20 and traded as low as $14.36. Silvercrest Asset Management Group shares last traded at $14.40, with a volume of 32,635 shares.
Wall Street Analyst Weigh In
Separately, Wall Street Zen downgraded Silvercrest Asset Management Group from a "strong-buy" rating to a "buy" rating in a research report on Monday, May 12th.
View Our Latest Stock Report on Silvercrest Asset Management Group
Silvercrest Asset Management Group Stock Up 2.3%
The stock has a market capitalization of $196.19 million, a price-to-earnings ratio of 17.99 and a beta of 0.84. The business has a 50-day simple moving average of $15.33 and a two-hundred day simple moving average of $17.13.
Silvercrest Asset Management Group (NASDAQ:SAMG - Get Free Report) last released its quarterly earnings data on Thursday, May 8th. The asset manager reported $0.27 earnings per share for the quarter, missing the consensus estimate of $0.36 by ($0.09). The company had revenue of $31.39 million for the quarter, compared to the consensus estimate of $33.21 million. Silvercrest Asset Management Group had a return on equity of 11.40% and a net margin of 6.24%.
Silvercrest Asset Management Group Announces Dividend
The business also recently disclosed a quarterly dividend, which will be paid on Friday, June 20th. Stockholders of record on Friday, June 13th will be paid a dividend of $0.20 per share. This represents a $0.80 annualized dividend and a dividend yield of 5.56%. The ex-dividend date of this dividend is Friday, June 13th. Silvercrest Asset Management Group's dividend payout ratio is presently 84.21%.
Institutional Investors Weigh In On Silvercrest Asset Management Group
Large investors have recently modified their holdings of the stock. Wells Fargo & Company MN boosted its stake in shares of Silvercrest Asset Management Group by 28.3% during the 4th quarter. Wells Fargo & Company MN now owns 5,604 shares of the asset manager's stock worth $103,000 after acquiring an additional 1,236 shares in the last quarter. R Squared Ltd purchased a new stake in shares of Silvercrest Asset Management Group in the fourth quarter valued at $122,000. Jane Street Group LLC purchased a new stake in shares of Silvercrest Asset Management Group in the first quarter valued at $242,000. Connor Clark & Lunn Investment Management Ltd. lifted its holdings in shares of Silvercrest Asset Management Group by 12.2% in the fourth quarter. Connor Clark & Lunn Investment Management Ltd. now owns 16,430 shares of the asset manager's stock valued at $302,000 after purchasing an additional 1,781 shares in the last quarter. Finally, O Shaughnessy Asset Management LLC lifted its holdings in shares of Silvercrest Asset Management Group by 72.0% in the fourth quarter. O Shaughnessy Asset Management LLC now owns 19,856 shares of the asset manager's stock valued at $365,000 after purchasing an additional 8,313 shares in the last quarter. 47.59% of the stock is owned by institutional investors.
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.
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