Russell Investments Group Ltd. Acquires 70,300 Shares of Silvercrest Asset Management Group Inc (NASDAQ:SAMG)

Russell Investments Group Ltd. increased its stake in shares of Silvercrest Asset Management Group Inc (NASDAQ:SAMG) by 82.7% in the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 155,300 shares of the asset manager’s stock after purchasing an additional 70,300 shares during the period. Russell Investments Group Ltd. owned 1.20% of Silvercrest Asset Management Group worth $2,260,000 as of its most recent SEC filing.

Several other institutional investors also recently modified their holdings of the stock. Bank of New York Mellon Corp grew its stake in shares of Silvercrest Asset Management Group by 0.6% during the 2nd quarter. Bank of New York Mellon Corp now owns 32,445 shares of the asset manager’s stock valued at $436,000 after buying an additional 187 shares during the period. Cadence Capital Management LLC grew its stake in shares of Silvercrest Asset Management Group by 4.3% during the 2nd quarter. Cadence Capital Management LLC now owns 98,289 shares of the asset manager’s stock valued at $1,322,000 after buying an additional 4,052 shares during the period. Royce & Associates LP grew its stake in shares of Silvercrest Asset Management Group by 0.4% during the 2nd quarter. Royce & Associates LP now owns 631,600 shares of the asset manager’s stock valued at $8,495,000 after buying an additional 2,500 shares during the period. Pacific Ridge Capital Partners LLC boosted its position in Silvercrest Asset Management Group by 18.3% during the 2nd quarter. Pacific Ridge Capital Partners LLC now owns 230,885 shares of the asset manager’s stock worth $3,105,000 after purchasing an additional 35,638 shares during the period. Finally, Teachers Advisors LLC boosted its position in Silvercrest Asset Management Group by 12.7% during the 2nd 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 during the period. Hedge funds and other institutional investors own 45.28% of the company’s stock.

Shares of Silvercrest Asset Management Group Inc (NASDAQ:SAMG) traded up $0.05 during trading on Friday, reaching $16.00. 13,508 shares of the company were exchanged, compared to its average volume of 21,065. Silvercrest Asset Management Group Inc has a 12-month low of $11.85 and a 12-month high of $16.80. The stock has a market cap of $210.56, a PE ratio of 19.51 and a beta of 1.29.

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

The firm also recently disclosed a quarterly dividend, which was paid on Friday, December 22nd. Investors of record on Friday, December 15th were paid a dividend of $0.12 per share. The ex-dividend date of this dividend was Thursday, December 14th. This represents a $0.48 annualized dividend and a yield of 3.00%. Silvercrest Asset Management Group’s dividend payout ratio (DPR) is 58.54%.

In related news, major shareholder Marital Trust Under Article 7T sold 250,000 shares of the stock in a transaction dated Tuesday, January 9th. The shares were sold at an average price of $15.00, for a total transaction of $3,750,000.00. Following the sale, the insider now owns 648,153 shares in the company, valued at $9,722,295. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. In the last quarter, insiders have sold 285,950 shares of company stock worth $4,278,364. 9.56% of the stock is owned by company insiders.

TRADEMARK VIOLATION NOTICE: “Russell Investments Group Ltd. Acquires 70,300 Shares of Silvercrest Asset Management Group Inc (NASDAQ:SAMG)” was originally published by Dispatch Tribunal and is owned by of Dispatch Tribunal. If you are reading this article on another website, it was stolen and republished in violation of US & international trademark & copyright legislation. The legal version of this article can be viewed at https://www.dispatchtribunal.com/2018/01/13/silvercrest-asset-management-group-inc-samg-position-lifted-by-russell-investments-group-ltd.html.

About Silvercrest Asset Management Group

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.

Institutional Ownership by Quarter for Silvercrest Asset Management Group (NASDAQ:SAMG)

Receive News & Ratings for Silvercrest Asset Management Group Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Silvercrest Asset Management Group and related companies with MarketBeat.com's FREE daily email newsletter.

Leave a Reply