Silvercrest Asset Management Group Inc. (NASDAQ:SAMG) has earned a consensus broker rating score of 1.00 (Strong Buy) from the one brokers that cover the stock, 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 89 out of 265 based on the ratings given to related companies.

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Large investors have recently modified their holdings of the company. State Street Corp increased its stake in shares of Silvercrest Asset Management Group by 13.1% in 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. Vanguard Group Inc. increased its stake in shares of Silvercrest Asset Management Group by 0.3% in the second quarter. Vanguard Group Inc. now owns 328,730 shares of the asset manager’s stock worth $4,422,000 after buying an additional 1,114 shares during the last quarter. TIAA CREF Investment Management LLC increased its stake in shares of Silvercrest Asset Management Group by 4.4% in 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. Teachers Advisors LLC increased its stake in shares of Silvercrest Asset Management Group by 12.7% in the second quarter. Teachers Advisors LLC now owns 12,741 shares of the asset manager’s stock worth $171,000 after buying an additional 1,439 shares during the last quarter. Finally, Pacific Ridge Capital Partners LLC increased its stake in shares of Silvercrest Asset Management Group by 18.3% in the second quarter. Pacific Ridge Capital Partners LLC now owns 230,885 shares of the asset manager’s stock worth $3,105,000 after buying an additional 35,638 shares during the last quarter. Institutional investors and hedge funds own 73.46% of the company’s stock.

Shares of Silvercrest Asset Management Group (SAMG) opened at 12.25 on Tuesday. The firm’s 50-day moving average price is $12.68 and its 200 day moving average price is $13.11. Silvercrest Asset Management Group has a one year low of $11.07 and a one year high of $14.95. The company has a market capitalization of $99.31 million, a PE ratio of 15.71 and a beta of 1.27.

Silvercrest Asset Management Group (NASDAQ:SAMG) last issued its quarterly earnings data on Thursday, August 3rd. The asset manager reported $0.23 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.22 by $0.01. Silvercrest Asset Management Group had a return on equity of 17.17% and a net margin of 7.38%. The company had revenue of $22.09 million during the quarter. Analysts anticipate that Silvercrest Asset Management Group will post $0.90 earnings per share for the current year.

The firm also recently announced a quarterly dividend, which will be paid on Friday, September 22nd. Shareholders of record on Friday, September 15th will be issued a $0.12 dividend. The ex-dividend date of this dividend is Thursday, September 14th. This represents a $0.48 dividend on an annualized basis and a yield of 3.92%. Silvercrest Asset Management Group’s payout ratio is currently 61.54%.

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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