Silvercrest Asset Management Group Inc. (NASDAQ:SAMG) major shareholder Marital Trust Under Article 7T sold 18,300 shares of Silvercrest Asset Management Group stock in a transaction that occurred on Tuesday, October 17th. The stock was sold at an average price of $14.53, for a total value of $265,899.00. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Major shareholders that own 10% or more of a company’s shares are required to disclose their sales and purchases with the SEC.

Marital Trust Under Article 7T also recently made the following trade(s):

  • On Thursday, October 12th, Marital Trust Under Article 7T sold 31,800 shares of Silvercrest Asset Management Group stock. The shares were sold at an average price of $14.81, for a total value of $470,958.00.

Silvercrest Asset Management Group Inc. (SAMG) traded up 0.34% during trading on Tuesday, hitting $14.55. The stock had a trading volume of 9,791 shares. The stock has a 50 day moving average price of $13.61 and a 200-day moving average price of $13.13. Silvercrest Asset Management Group Inc. has a 12 month low of $11.07 and a 12 month high of $16.25. The stock has a market cap of $117.96 million, a price-to-earnings ratio of 18.65 and a beta of 1.31.

Silvercrest Asset Management Group (NASDAQ:SAMG) last issued its quarterly earnings results on Thursday, August 3rd. The asset manager reported $0.23 earnings per share for the quarter, topping the 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 firm had revenue of $22.09 million for the quarter. On average, equities analysts predict that Silvercrest Asset Management Group Inc. will post $0.92 EPS for the current year.

The firm also recently declared a quarterly dividend, which was paid on Friday, September 22nd. Stockholders of record on Friday, September 15th were issued a $0.12 dividend. The ex-dividend date was Thursday, September 14th. This represents a $0.48 annualized dividend and a dividend yield of 3.30%. Silvercrest Asset Management Group’s payout ratio is 61.54%.

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Several hedge funds and other institutional investors have recently modified their holdings of the company. State Street Corp raised its holdings 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 period. Vanguard Group Inc. raised its holdings 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 period. TIAA CREF Investment Management LLC raised its holdings 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 period. Teachers Advisors LLC raised its holdings 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 period. Finally, Pacific Ridge Capital Partners LLC raised its holdings 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 period. Hedge funds and other institutional investors own 45.91% of the company’s stock.

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.

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