Silvercrest Asset Management Group (NASDAQ:SAMG) Downgraded by StockNews.com to “Buy”

StockNews.com lowered shares of Silvercrest Asset Management Group (NASDAQ:SAMG) from a strong-buy rating to a buy rating in a report published on Tuesday.

Silvercrest Asset Management Group Trading Up 0.6 %

Shares of SAMG opened at $18.45 on Tuesday. The stock’s 50-day moving average price is $16.99 and its two-hundred day moving average price is $16.08. Silvercrest Asset Management Group has a 1 year low of $13.93 and a 1 year high of $18.77. The stock has a market cap of $255.72 million, a P/E ratio of 23.06 and a beta of 0.83.

Silvercrest Asset Management Group Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, December 20th. Stockholders of record on Friday, December 13th will be paid a dividend of $0.20 per share. The ex-dividend date is Friday, December 13th. This represents a $0.80 dividend on an annualized basis and a dividend yield of 4.34%. Silvercrest Asset Management Group’s dividend payout ratio is 100.00%.

Institutional Trading of Silvercrest Asset Management Group

Institutional investors and hedge funds have recently bought and sold shares of the business. First Personal Financial Services lifted its position in Silvercrest Asset Management Group by 50.0% during the second quarter. First Personal Financial Services now owns 6,000 shares of the asset manager’s stock worth $94,000 after acquiring an additional 2,000 shares during the last quarter. BNP Paribas Financial Markets lifted its holdings in Silvercrest Asset Management Group by 8.9% during the 1st quarter. BNP Paribas Financial Markets now owns 8,450 shares of the asset manager’s stock worth $134,000 after purchasing an additional 692 shares during the last quarter. Heron Bay Capital Management bought a new stake in Silvercrest Asset Management Group in the 1st quarter valued at $162,000. Rhumbline Advisers grew its holdings in Silvercrest Asset Management Group by 15.7% in the 2nd quarter. Rhumbline Advisers now owns 15,230 shares of the asset manager’s stock valued at $237,000 after buying an additional 2,072 shares in the last quarter. Finally, Connor Clark & Lunn Investment Management Ltd. lifted its holdings in shares of Silvercrest Asset Management Group by 30.8% during the third quarter. Connor Clark & Lunn Investment Management Ltd. now owns 14,649 shares of the asset manager’s stock worth $253,000 after buying an additional 3,446 shares in the last quarter. Institutional investors own 47.59% 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.