Silvercrest Asset Management Group (NASDAQ:SAMG) posted its quarterly earnings data on Friday, March 9th. The asset manager reported $0.26 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.23 by $0.03, Bloomberg Earnings reports. The company had revenue of $24.47 million during the quarter. Silvercrest Asset Management Group had a return on equity of 18.75% and a net margin of 5.84%.
Silvercrest Asset Management Group (SAMG) traded up $0.20 during trading hours on Friday, reaching $15.85. The company’s stock had a trading volume of 76,739 shares, compared to its average volume of 9,086. Silvercrest Asset Management Group has a one year low of $11.85 and a one year high of $16.80. The firm has a market capitalization of $209.24, a PE ratio of 16.68 and a beta of 1.10.
The company also recently declared a quarterly dividend, which was paid on Friday, March 16th. Shareholders of record on Friday, March 9th were paid a dividend of $0.14 per share. This represents a $0.56 dividend on an annualized basis and a yield of 3.53%. This is a boost from Silvercrest Asset Management Group’s previous quarterly dividend of $0.12. The ex-dividend date was Thursday, March 8th. Silvercrest Asset Management Group’s dividend payout ratio is 84.85%.
Separately, Sandler O’Neill set a $17.00 price objective on Silvercrest Asset Management Group and gave the stock a “buy” rating in a research report on Saturday, February 17th.
In other news, major shareholder Marital Trust Under Article 7T sold 250,000 shares of the stock in a transaction on 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 directly owns 648,153 shares in the company, valued at $9,722,295. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. 9.56% of the stock is owned by corporate insiders.
An institutional investor recently raised its position in Silvercrest Asset Management Group stock. State Street Corp grew its position in shares of Silvercrest Asset Management Group Inc (NASDAQ:SAMG) by 13.1% during the 2nd quarter, according to the company in its most recent disclosure with the SEC. The fund owned 80,820 shares of the asset manager’s stock after purchasing an additional 9,354 shares during the quarter. State Street Corp owned approximately 1.00% of Silvercrest Asset Management Group worth $1,086,000 as of its most recent filing with the SEC. Institutional investors and hedge funds own 46.48% 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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