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

Zacks has also assigned Silvercrest Asset Management Group an industry rank of 101 out of 255 based on the ratings given to related companies.

Shares of SAMG opened at $14.67 on Tuesday. Silvercrest Asset Management Group has a 12-month low of $12.00 and a 12-month high of $18.26. The stock has a market capitalization of $199.21 million, a price-to-earnings ratio of 11.31 and a beta of 0.53.

The business also recently declared a quarterly dividend, which will be paid on Friday, March 15th. Shareholders of record on Friday, March 8th will be given a $0.15 dividend. This represents a $0.60 dividend on an annualized basis and a dividend yield of 4.09%. The ex-dividend date of this dividend is Thursday, March 7th. This is a positive change from Silvercrest Asset Management Group’s previous quarterly dividend of $0.14.

Several hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Bank of America Corp DE boosted its holdings in shares of Silvercrest Asset Management Group by 82.3% in the second quarter. Bank of America Corp DE now owns 9,049 shares of the asset manager’s stock worth $148,000 after acquiring an additional 4,084 shares during the period. Rhumbline Advisers acquired a new stake in Silvercrest Asset Management Group in the fourth quarter valued at approximately $144,000. O Shaughnessy Asset Management LLC lifted its stake in Silvercrest Asset Management Group by 109.2% in the third quarter. O Shaughnessy Asset Management LLC now owns 13,101 shares of the asset manager’s stock valued at $181,000 after acquiring an additional 6,838 shares during the last quarter. Acadian Asset Management LLC lifted its stake in Silvercrest Asset Management Group by 22.8% in the third quarter. Acadian Asset Management LLC now owns 43,825 shares of the asset manager’s stock valued at $606,000 after acquiring an additional 8,140 shares during the last quarter. Finally, Hillsdale Investment Management Inc. lifted its stake in Silvercrest Asset Management Group by 5,484.0% in the third quarter. Hillsdale Investment Management Inc. now owns 55,840 shares of the asset manager’s stock valued at $773,000 after acquiring an additional 54,840 shares during the last quarter. Hedge funds and other institutional investors own 49.46% of the company’s stock.

Silvercrest Asset Management Group Company Profile

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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