Silvercrest Asset Management Group Inc (SAMG) Major Shareholder Marital Trust Under Article 7T Sells 250,000 Shares

Silvercrest Asset Management Group Inc (NASDAQ:SAMG) major shareholder Marital Trust Under Article 7T sold 250,000 shares of Silvercrest Asset Management Group stock in a transaction dated Tuesday, January 9th. The stock was sold at an average price of $15.00, for a total value of $3,750,000.00. Following the sale, the insider now owns 648,153 shares in the company, valued at approximately $9,722,295. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Major shareholders that own 10% or more of a company’s shares are required to disclose their sales and purchases with the SEC.

Marital Trust Under Article 7T also recently made the following trade(s):

  • On Tuesday, October 24th, Marital Trust Under Article 7T sold 15,150 shares of Silvercrest Asset Management Group stock. The stock was sold at an average price of $14.93, for a total value of $226,189.50.
  • On Thursday, October 19th, Marital Trust Under Article 7T sold 2,500 shares of Silvercrest Asset Management Group stock. The stock was sold at an average price of $14.51, for a total value of $36,275.00.
  • On Tuesday, October 17th, Marital Trust Under Article 7T sold 18,300 shares of Silvercrest Asset Management Group stock. The stock was sold at an average price of $14.53, for a total value of $265,899.00.
  • On Thursday, October 12th, Marital Trust Under Article 7T sold 31,800 shares of Silvercrest Asset Management Group stock. The stock was sold at an average price of $14.81, for a total value of $470,958.00.

Shares of Silvercrest Asset Management Group Inc (SAMG) opened at $15.65 on Thursday. Silvercrest Asset Management Group Inc has a 52-week low of $11.85 and a 52-week high of $16.80. The company has a market capitalization of $206.60, a PE ratio of 18.86 and a beta of 1.29.

Silvercrest Asset Management Group (NASDAQ:SAMG) last posted its earnings results on Wednesday, November 1st. The asset manager reported $0.24 EPS for the quarter, hitting the Zacks’ consensus estimate of $0.24. Silvercrest Asset Management Group had a return on equity of 17.71% and a net margin of 7.61%. The business had revenue of $22.85 million for the quarter.

The company also recently announced a quarterly dividend, which was paid on Friday, December 22nd. Stockholders of record on Friday, December 15th were given a dividend of $0.12 per share. This represents a $0.48 dividend on an annualized basis and a dividend yield of 3.07%. The ex-dividend date was Thursday, December 14th. Silvercrest Asset Management Group’s dividend payout ratio (DPR) is currently 57.83%.

Institutional investors and hedge funds have recently bought and sold shares of the company. Teachers Advisors LLC increased its position in shares of Silvercrest Asset Management Group by 12.7% during the second quarter. Teachers Advisors LLC now owns 12,741 shares of the asset manager’s stock worth $171,000 after purchasing an additional 1,439 shares in the last quarter. TIAA CREF Investment Management LLC grew its holdings in shares of Silvercrest Asset Management Group by 4.4% during the second quarter. TIAA CREF Investment Management LLC now owns 20,941 shares of the asset manager’s stock worth $282,000 after buying an additional 891 shares during the last quarter. Bank of New York Mellon Corp grew its holdings in shares of Silvercrest Asset Management Group by 0.6% during the second quarter. Bank of New York Mellon Corp now owns 32,445 shares of the asset manager’s stock worth $436,000 after buying an additional 187 shares during the last quarter. Dimensional Fund Advisors LP grew its holdings in shares of Silvercrest Asset Management Group by 14.2% during the third quarter. Dimensional Fund Advisors LP now owns 66,688 shares of the asset manager’s stock worth $970,000 after buying an additional 8,316 shares during the last quarter. Finally, State Street Corp grew its holdings in shares of Silvercrest Asset Management Group by 13.1% during the second quarter. State Street Corp now owns 80,820 shares of the asset manager’s stock worth $1,086,000 after buying an additional 9,354 shares during the last quarter. Institutional investors and hedge funds own 45.28% of the company’s stock.

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Silvercrest Asset Management Group Company Profile

Silvercrest Asset Management Group Inc (Silvercrest) is a full-service wealth management firm focused on providing financial advisory and related family office services to ultra-high net worth individuals and institutional investors. The Company offers a suite of family office services for families seeking oversight of financial affairs.

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