Zacks: Silvercrest Asset Management Group Inc (SAMG) Receives Consensus Rating of “Strong Buy” from Brokerages

Shares of Silvercrest Asset Management Group Inc (NASDAQ:SAMG) have been given an average broker rating score of 1.00 (Strong Buy) from the one brokers that provide coverage for the company, Zacks Investment Research reports. One research analyst has rated the stock with a strong buy recommendation.

Zacks has also assigned Silvercrest Asset Management Group an industry rank of 100 out of 255 based on the ratings given to its competitors.

Shares of SAMG opened at $15.04 on Tuesday. Silvercrest Asset Management Group has a 52-week low of $12.00 and a 52-week high of $18.26. The firm has a market capitalization of $199.21 million, a PE ratio of 11.31 and a beta of 0.53.

The firm also recently declared a quarterly dividend, which was paid on Friday, March 15th. Stockholders of record on Friday, March 8th were paid a $0.15 dividend. This is a positive change from Silvercrest Asset Management Group’s previous quarterly dividend of $0.14. The ex-dividend date was Thursday, March 7th. This represents a $0.60 annualized dividend and a dividend yield of 3.99%.

Institutional investors and hedge funds have recently modified their holdings of the company. Rhumbline Advisers bought a new position in shares of Silvercrest Asset Management Group in the 4th quarter valued at $144,000. Bank of America Corp DE increased its stake in shares of Silvercrest Asset Management Group by 82.3% in the 2nd quarter. Bank of America Corp DE now owns 9,049 shares of the asset manager’s stock valued at $148,000 after purchasing an additional 4,084 shares during the last quarter. O Shaughnessy Asset Management LLC increased its stake in shares of Silvercrest Asset Management Group by 109.2% in the 3rd quarter. O Shaughnessy Asset Management LLC now owns 13,101 shares of the asset manager’s stock valued at $181,000 after purchasing an additional 6,838 shares during the last quarter. Acadian Asset Management LLC increased its stake in shares of Silvercrest Asset Management Group by 22.8% in the 3rd quarter. Acadian Asset Management LLC now owns 43,825 shares of the asset manager’s stock valued at $606,000 after purchasing an additional 8,140 shares during the last quarter. Finally, Hillsdale Investment Management Inc. increased its stake in shares of Silvercrest Asset Management Group by 5,484.0% in the 3rd quarter. Hillsdale Investment Management Inc. now owns 55,840 shares of the asset manager’s stock valued at $773,000 after purchasing an additional 54,840 shares during the last quarter. Institutional investors own 49.46% of the company’s stock.

About Silvercrest Asset Management Group

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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