O Shaughnessy Asset Management LLC Buys 8,313 Shares of Silvercrest Asset Management Group Inc. (NASDAQ:SAMG)

O Shaughnessy Asset Management LLC increased its stake in Silvercrest Asset Management Group Inc. (NASDAQ:SAMG) by 72.0% during the fourth quarter, HoldingsChannel reports. The firm owned 19,856 shares of the asset manager’s stock after acquiring an additional 8,313 shares during the period. O Shaughnessy Asset Management LLC’s holdings in Silvercrest Asset Management Group were worth $365,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors have also bought and sold shares of the company. R Squared Ltd purchased a new stake in Silvercrest Asset Management Group in the fourth quarter worth $122,000. Connor Clark & Lunn Investment Management Ltd. grew its stake in shares of Silvercrest Asset Management Group by 12.2% during the 4th quarter. Connor Clark & Lunn Investment Management Ltd. now owns 16,430 shares of the asset manager’s stock worth $302,000 after acquiring an additional 1,781 shares during the period. Jane Street Group LLC increased its holdings in Silvercrest Asset Management Group by 55.6% in the 3rd quarter. Jane Street Group LLC now owns 20,030 shares of the asset manager’s stock worth $345,000 after acquiring an additional 7,155 shares during the last quarter. JPMorgan Chase & Co. raised its stake in Silvercrest Asset Management Group by 80.8% in the 3rd quarter. JPMorgan Chase & Co. now owns 20,605 shares of the asset manager’s stock valued at $355,000 after acquiring an additional 9,209 shares during the period. Finally, Charles Schwab Investment Management Inc. lifted its holdings in Silvercrest Asset Management Group by 7.4% during the fourth quarter. Charles Schwab Investment Management Inc. now owns 26,818 shares of the asset manager’s stock valued at $493,000 after purchasing an additional 1,857 shares during the last quarter. Hedge funds and other institutional investors own 47.59% of the company’s stock.

Silvercrest Asset Management Group Price Performance

NASDAQ:SAMG opened at $15.01 on Friday. Silvercrest Asset Management Group Inc. has a 1 year low of $13.93 and a 1 year high of $19.20. The stock’s fifty day moving average price is $17.13 and its two-hundred day moving average price is $17.60. The company has a market cap of $204.65 million, a P/E ratio of 18.76 and a beta of 0.80.

Silvercrest Asset Management Group (NASDAQ:SAMG) last issued its quarterly earnings data on Thursday, March 6th. The asset manager reported $0.20 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.33 by ($0.13). The company had revenue of $31.96 million for the quarter, compared to analysts’ expectations of $31.97 million. Silvercrest Asset Management Group had a return on equity of 11.40% and a net margin of 6.24%.

Silvercrest Asset Management Group Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, March 21st. Stockholders of record on Friday, March 14th were given a $0.20 dividend. The ex-dividend date of this dividend was Friday, March 14th. This represents a $0.80 dividend on an annualized basis and a dividend yield of 5.33%. Silvercrest Asset Management Group’s dividend payout ratio (DPR) is currently 79.21%.

Analysts Set New Price Targets

Separately, StockNews.com lowered shares of Silvercrest Asset Management Group from a “strong-buy” rating to a “buy” rating in a research report on Saturday, April 5th.

About Silvercrest Asset Management Group

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.