Silvercrest Asset Management Group Inc. (NASDAQ:SAMG) was upgraded by stock analysts at TheStreet from a “hold” rating to a “buy” rating in a note issued to investors on Friday.

Separately, Sandler O’Neill initiated coverage on Silvercrest Asset Management Group in a report on Tuesday, November 1st. They issued a “buy” rating on the stock.

Shares of Silvercrest Asset Management Group (NASDAQ:SAMG) opened at 13.55 on Friday. The stock has a 50 day moving average price of $11.69 and a 200-day moving average price of $12.10. Silvercrest Asset Management Group has a 1-year low of $9.84 and a 1-year high of $13.85. The firm has a market cap of $109.06 million, a price-to-earnings ratio of 23.57 and a beta of 1.29.

Several hedge funds and other institutional investors have recently modified their holdings of SAMG. Panagora Asset Management Inc. increased its position in shares of Silvercrest Asset Management Group by 70.9% in the third quarter. Panagora Asset Management Inc. now owns 20,382 shares of the company’s stock worth $242,000 after buying an additional 8,455 shares in the last quarter. Eagle Global Advisors LLC acquired a new position in shares of Silvercrest Asset Management Group during the third quarter worth $181,000. Boston Partners increased its position in shares of Silvercrest Asset Management Group by 7.0% in the third quarter. Boston Partners now owns 514,761 shares of the company’s stock worth $6,110,000 after buying an additional 33,452 shares in the last quarter. BlackRock Institutional Trust Company N.A. increased its position in shares of Silvercrest Asset Management Group by 1.7% in the third quarter. BlackRock Institutional Trust Company N.A. now owns 64,089 shares of the company’s stock worth $761,000 after buying an additional 1,070 shares in the last quarter. Finally, JPMorgan Chase & Co. acquired a new position in shares of Silvercrest Asset Management Group during the third quarter worth $148,000. Institutional investors and hedge funds own 79.09% of the company’s stock.

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.

5 Day Chart for NASDAQ:SAMG

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